In the “not so surprising” news category, a new report rips the debt collection industry. This report, however, goes a step further. The report suggests that states are not doing enough to help struggling consumers. The report from the NCLC,…
Posts Tagged With: debt collection
California Debt Blog: Debt Collector Fined for Text Messages, Envelope
This is a new one for me. When I read this story, I thought maybe I was reading The Onion. But, I went back and looked and it was from ABC. Here is the opening paragraph: “A debt collector is…
California Debt Blog: 5 MISTAKES YOU MUST AVOID WITH YOUR CREDIT
Most people have heard that they should be careful with the credit. However, when it comes to the dos and don’ts of credit, most people have no idea what to do. Here are some tips to help avoid mistakes with…
California Debt Blog: 3 Frequent Debt Collection Violations
Debt collectors make mistakes – a lot of them. Not all debt collectors, but a fair number of them. When they do, you need to be able to assert your rights. So let me share with you three very frequent…
California Debt Blog: Debt Collection Near Top of Complaints
The Consumer Federation of America has put out a list of the top consumer complaints. Guess what is near the top? Yep, my favorite industry, the debt collection industry! This year, coming in at #3 on the list, is abusive…
California Debt Blog: New Rules in New York for Debt Collectors
The New York Department of Financial Services is proposing new rules for debt collectors.These rules include: 1. Have in hand basic information before they may contact people about a debt; 2. Provide documentation when a person disputes or requests verification…
California Debt Blog: Consumer Protection Financial Bureau To Crackdown On Creditors
In a welcome move by the Consumer Protection Financial Bureau, they announced recently that they are going to be investigating original creditor’s for unfair debt collection practices. According to a story at BusinessWeek.com, “The new policy, which follows efforts to…
California Debt Blog: Federal Officials Shut Down California Debt Collector
A great story from Jim Puzzanghera at the LA Times about the Federal Trade Commission, FTC, shutting down a Califlornia debt collector. Who was shut down, you ask? From the story “Among the companies targeted were Western Performance Group and…
California Debt Blog: FAQ: What is my statute of limitations on a debt?
Question: I stopped paying on a credit card. What is the statute of limitations within which the debt collector has to sue me? Answer: It depends, as the typical lawyer would answer. Each state has its own statute of limitations….
California Debt Blog: Consumer Protection Financial Bureau Releases New Letters
The Consumer Protection Financial Bureau (CPFB) has released self help letters. These DIY letters are intended for consumers who are looking to deal with a debt collector without hiring an attorney. There are five letters that consumers can send to…