Posts Tagged ‘debt collection’

  • Companies that claim to settle credit card debts face new rules Friday, July 30, 2010 � by jg

    New York Times: Federal Trade Commission chiarman Jon Leibowitz said the new rules “will stop companies who offer consumers false promises of reducing credit card debts by half or more in exchange for large, upfront fees.”

  • Auto, credit issues top list of consumer complaints Tuesday, July 27, 2010 � by jg

    New York Times: The 2009 Consumer Complaint Survey Report shows the fastest-growing consumer complaint was about bogus offers to help save homes from foreclosure.

  • Computer-generated debt claims clogging courts Thursday, July 22, 2010 � by scott

    The use of new software to prepare an file debt-collection claims is swamping the system, critics say, as they demand reforms.

  • Debt collectors drawing more complaints, lawsuits Thursday, July 1, 2010 � by jg

    McClatchy Newspapers: “Since the recession hit in 2007, federal lawsuits filed under the Fair Debt Collection Practices Act have more than doubled, while complaints about problem collectors have skyrocketed.”

  • People in debt wind up in worse shape after using debt settlement programs Monday, June 21, 2010 � by jg

    New York Times: “Consumers rarely emerge from debt settlement programs with their credit card balances eliminated,” according to a report on the debt settlement industry.

  • Collapse of collection company reveals abuse of arbitration Monday, March 22, 2010 � by jg

    Baltimore Sun: The firm routinely took unpaid-debt cases to the National Arbitration Forum, which billed itself as neutral ground for disputes, even though it was connected through a common ownership structure. Arbitrators almost always ruled in favor of creditors.