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…
Posts Tagged With: statute of limitations
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: Former Debt Collector Ran Collection Business from Prison
If you believe that most professional debt collectors are honest, hardworking, salt of the earth type people, this story may change your mind. Lamont Cooper, age 38 and from New York, owned a business called Legal Action Recovery, which was…