My reference  to IED's in the title of this blog may have caught you off balance. Yes, I am referring to improvised explosive devices commonly used by terrorists and/or insurgents in Iraq and Afganistan.  Well the debt collector equivalent of IED's would be some of the illegal strategies em… Read full post »

Debt Collection Agency To Pay $2.25 Million

The Michigan Collection Law Blog has posted an… Read full post »

Maybe The Worst Collection Agency In The U.S.

Remember the name Unifund. If you ever receive mail from them or a phone call from them..watch out!

What I have learned is that Unifund is owned by the infamous Zises brothers who founded Integrated

Resources and royally screwed investors… Read full post »

rwtqegre
yrd@jxdf.com

The Law Firm of Klayman & Toskes is also investigating Citigroup’s management of its ASTA Fund (Palisades Collections). The ASTA Fund was managed in similar fashion to that of MAT Five. Many retirees have also been burned by the… Read full post »

In past blogs I have written extensively about the do's and don'ts of dealing with debt collectors. In my experience most debt collectors are not much better than what the septic man extricates from your septic tank periodically. My StoptheCallsFast.Com system was developed because my own financial i… Read full post »

On March 9, the U.S. Supreme Court in a majority opinion written by Justice Ruth Bader Ginsberg said that a suit brought by Discover "was triggered by Discover's garden variety, state-law debt collection claim against Vaden," and thus belonged in state court.  The decision came about from a suit… Read full post »

ecently Dateline NBC did a multi part expose on the horrors that occur in the debt collection industry. The series was very good and covered many different facets about how consumers get taken to the cleaners by dishonest lying debt collectors who will stop at nothing in the process of intimidating… Read full post »

During the past week, Chris Hansen of Dateline NBC reported on the what
goes on in the debt collection industry.
Any reader of this blog should definitely
invest the time and watch this expose.

http://www.msnbc.msn.com/id/29881849/

Most of us are familiar with the the term "The Perfect Storm". While… Read full post »

There is a theme on which I must keep harping.
It's all about you knowing your rights and exercising
them. This came home to me big time yesterday when
I was reading a four part series of articles which were
published in the Boston Globe over 2 years ago.

I am… Read full post »

How Do You Know When A Debt Collector Is Really Going To Sue You?

There are over 150,000 lawsuits brought by debt collectors who have purchased aged
debts in the US court system right now. The very sad thing is that the majority of these
suits will result in default… Read full post »

Some call the economy we have now a recession, a deep
recession or a depression. To me it's a depression and I
would further suggest it's a depression characterized by
extreme economic dislocation. We have not seen foreclosures,
business bankruptcies, and layoffs like we see today since  the
193… Read full post »

Recently my company was profiled in the medium listed herein. In this period of econommic dislocation for numbers of Americans that are growing almost geometrically every day it is crucial to know your rights when confronted by collection agencies. You may be a college professor, former investment ba… Read full post »

A favorite ploy of old debt buyers is the production of notarized affidavits when they sue or attempt to validate your alleged account. Within the affidavit they claim to have knowledge of the account and to be in possession of the documents which prove their statements to be truthful. There is… Read full post »