In 2023 it was reported that over 30% of Americans have an account that has recently gone to collections and that the average debt per person is a little over $9,000. Normally, when you hear that an account has gone to collections, you expect phone calls from unknown numbers asking to settle a debt and […]
Category Archives: Debt Collection
22
Feb
Feb
Why choose a Law Firm for Credit Repair? The fact is, there are many Credit Repair Organizations operating in the US right now. There are many good companies out there that have the best interest for their clients at heart. Then again, there are many who don’t. To be perfectly honest, there is no reason […]
19
Dec
Dec
How To Deal With Debt Collectors I have recently been receiving strange calls from someone trying to collect money from me, what do I do? As a consumer, it is important to be educated about the process by which an actual collection agency attempts to collect debts as opposed to scam callers asking you to […]
16
Nov
Nov
FOR IMMEDIATE RELEASE:November 16, 2023 CONTACT:Office of [email protected] CFPB Report Highlights Consumer Protection Issues in Medical Debt Collection Annual report on the Fair Debt Collection Practices Act also describes the CFPB’s and states’ efforts to end the collection of inaccurate medical bills that consumers may not even owe WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau […]
26
Oct
Oct
Why choose a Law Firm for Credit Repair? The fact is, there are many Credit Repair Organizations operating in the US right now. There are many good companies out there that have the best interest for their clients at heart. Then again, there are many who don’t. To be perfectly honest, there is no reason […]
12
Oct
Oct
The name is frightening. As it should be. The practice of trying to collect on Zombie Mortgages can be just as frightening. So, what is a Zombie Mortgage or a Zombie debt? Well, it’s debt that is past the statute of limitations and cannot be used as weapon to bring a consumer to court to […]
20
Jul
Jul
The Why: Phoenix Financial Services attempted to collect on debts that were disputed by consumers and using unlawful letters and misrepresentations to attain these collections. The CFPB took action against Phoenix Financial for numerous debt collection and credit reporting violations. In over a thousand cases, this collection company continued to collect on a debt […]
02
May
May
This is really not breaking news at this point. It’s been happening for a couple of years now. But I do think it worth mentioning again. Debt Collection companies CAN try and collect via your social media accounts. Over time, our communication process has changed dramatically. The idea of making a phone call when […]
27
Apr
Apr
The name is frightening. As it should be. The practice of trying to collect on Zombie Mortgages can be just as frightening. So, what is a Zombie Mortgage or a Zombie debt? Well, it’s debt that is past the statute of limitations and cannot be used as weapon to bring a consumer to court to […]
30
Mar
Mar
Why choose a Law Firm for Credit Repair? The fact is, there are many Credit Repair Organizations operating in the US right now. There are many good companies out there that have the best interest for their clients at heart. Then again, there are many who don’t. To be perfectly honest, there is no reason […]