Debt Collection Horror Stories
Debt collector horror stories abound: There are threats to dig up the dead relatives of those who couldn’t pay their funeral bills, promises to imprison debtors or take their children into custody —...
View ArticleCredit reporting agency Equifax is selling your salary information to debt...
NBC News recently exposed credit reporting agency Equifax’s practice of selling 190 million employment and salary records, covering more than one-third of U.S. adults, to debt collectors, financial...
View ArticleFTC Study Shows Five Percent of Consumers Pay More for Goods & Services Due...
Check Your Credit Report for Free Using AnnualCreditReport.com & Dispute Suspicious Activity A recent congressionally-mandated study of the U.S. credit reporting industry, by the Federal Trade...
View ArticleFTC Action Halts Operation That Billed More Than $25 Million to Consumers’...
At the Federal Trade Commission’ request, a federal court has temporarily halted an operation that allegedly used an intricate web of concealment to debit hundreds of thousands of consumers’ bank...
View ArticleFTC Takes Action in Pay Day Loan Scam, Financially Vulnerable Consumers...
On February 20th, the Federal Trade Commission (FTC) announced victory, at least temporarily, in halting unauthorized credit card transactions involving thousands of consumers. The scammers charged...
View ArticleDemand for High-Interest Payday Loans Soars in Minnesota
Residents of Minnesota are turning to high-interest payday loans and other services outside the mainstream banking system, controversial enterprises that operate through a loophole to dodge state...
View ArticleBig Named Banks Partake In Payday Loan Profits
With 12.5 million Americans unemployed and many facing inevitable debt harassment, consumers are turning to online payday loans, often with obscene interest rates in excess of 500 percent, to make ends...
View ArticleDebt Collector Palisades Collections Accused of Harassing Innocent Consumers
Action News Reports Palisades Collections Waged War on United States Military Veteran with Impeccable Credit Score CreditLaw.com attorney, Amy Bennecoff, sat down with Action News’ Nydia Han to talk...
View ArticlePayday Lenders Using Rent-A-Tribe Scam Enjoy Sovereign Protection from Law...
A report by the Center for Public Integrity, says that Internet-based payday lenders operating in California, New Mexico, West Virginia and Colorado are claiming to be “tribal enterprises” of Native...
View ArticleConsumers Warned to Brace for New Efforts by Debt Collector As Encore Capital...
Before announcing its acquisition today of Asset Acceptance, Encore Capital Group (aka “Midland Funding”, “Midland Credit Management” and “MCM”) boasted that it has one out of every nine collection...
View ArticleMississippi-Based Security Credit Services LLC Ordered to Stop Deceiving...
After allegedly misleading consumers into paying unnecessary fees and falsely threatening consumers with lawsuits, defendants in a debt collection operation have agreed to settle Federal Trade...
View ArticleCredit Bureaus’ Little Secret: A Cheap Way to Foil ID Theft
Philadelphia Inquirer reporter John Timpane discovered that he was a victim of Identity Theft when a criminal filed a false tax return using his Social Security Number. After dealing with the IRS, FTC,...
View ArticleForget the Facts! Robo-Sign it!
Judgments against unsuspecting consumers for defaulted loans are being churned out by debt collectors like Midland Funding, using robo-signed affidavits of debt as substitutes for properly...
View ArticleLenders Target Naive Military with Usurious Payday Loans
Seven years after Congress banned payday-loan companies from charging exorbitant interest rates to service members, many of the nation’s military bases are surrounded by storefront lenders who charge...
View ArticleRegulators Probing Banks’ Debt Collection Practices
Federal regulators are widening an investigation into whether the nation’s biggest banks used flawed documents and incomplete records to collect on delinquent credit card debts, according to four...
View ArticleWest Philly Resident Takes Debt Collectors to Court
A resident of West Philadelphia is alleging that a debt collector has engaged in unlawful practices. Kimmel & Silverman, P.C. has filed a complaint against national debt collection company Virtuoso...
View ArticleMassachusetts Office of Consumer Affairs Announce Shut Down of Debt Collector...
The Massachusetts Office of Consumer Affairs and Business Regulation and the Division of Banks announced a series of cease orders targeting unlicensed lenders and a licensed debt collector that were...
View ArticleThe Dangers of Pension Loans
Craig Kimmel of the Kimmel and Silverman law firm joins Hal Donahue for the weekly segment of What Vets Need to Know on The Union Edge, discussing the dangers of Pension Loans. For more information,...
View ArticleDebt Collection Fears Making Americans Sick
Study Shows Many Choosing to Pay Off Debts While Sacrificing Needed Health Care to Save Money A recent study conducted by sociologists at the University of Michigan found that people who are ill and do...
View ArticleTop 5 Financial Tips To Weather The Storm After The Storm
-EMERGENCY PREPAREDNESS ALERT- Emergency preparedness is a catchphrase of late, what with the catastrophic weather and similar events in the news. But along with having enough water and stocking up on...
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