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Debt Collection

I'm About to Lose Everything. Help!

Steve Rhode | Posted 05.28.2015 | Money
Steve Rhode

I can't see where a debt management plan is going to be helpful for you. The issue seems to be, for whatever reason, you've found yourself again in a situation where you living expenses exceed your income.

The Deadly Aftershocks of Medical Debt on Your Credit Report

Jerry Ashton | Posted 05.22.2015 | New York
Jerry Ashton

Thanks to muscular promptings by NY State Attorney General, Eric Schneiderman, the three major U.S. credit reporting agencies announced changes in the way in which medical debt will be scored when they deliver an individual's credit report.

4 Debt Collection Options for Entrepreneurs

Steve Cook | Posted 05.19.2015 | Small Business
Steve Cook

Peyton is a freelance journalist who has written for many publications, mostly in her local area. She felt lucky when she found a publication willing to pay her more than the usual $50-75 per story that most other publications offered.

NC Senator Michael Lee Article Rattled Some Debt Collection Feathers

Steve Rhode | Posted 05.04.2015 | Money
Steve Rhode

In North Carolina, it would be silly to buy a home or car without documentation and evidence the purchase is legitimate or know the identity of the property and have it well documented. So why does it not make logical sense to make sure purchased bad debt can be authoritatively documented as well?

How Can I Get the Debt Collector to Stop Bothering Me?

Steve Rhode | Posted 05.24.2015 | Money
Steve Rhode

Question: Dear Steve, I'm getting really tired of being hassled for an old debt I don't owe. I keep trying to explain to the debt collectors th...

How Nonprofit Hospitals Are Seizing Patients' Wages

ProPublica | Paul Kiel, Chris Arnold (NPR) | Posted 12.19.2014 | Business

About 30 million Americans remain uninsured, in part because some states, like Missouri, have not expanded Medicaid to cover more of the poor.

I'm Being Sued Over an Old Debt I Don't Recognize. What Do I Do?

Steve Rhode | Posted 11.22.2014 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, Some debt collector has been contacting me by phone about an old debt I know nothing about and saying I ...

Hunter Stuart

It's Disturbingly Likely That Your Credit Report Is Wrong

HuffingtonPost.com | Hunter Stuart | Posted 08.11.2014 | Business

Jeffrey Beaubien likes to review his credit score on his birthday every year. The 47-year-old father of two has good reason to stay on top of his c...

Hunter Stuart

Debt Collection 'Factory' Preyed On Broke Americans: Lawsuit

HuffingtonPost.com | Hunter Stuart | Posted 07.15.2014 | Business

A federal watchdog is suing a collection agency that allegedly operated like a "factory" churning out lawsuits against cash-strapped borrowers, often ...

Rick Scott Dogged Over Unfair Debt Collection Practices

Bloomberg | Toluse Olorunnipa | Posted 07.01.2014 | Politics

More than 10 U.S. states have reduced unemployment benefits since 2011, and Republican Governor Rick Scott has made Florida’s program the least gene...

Hunter Stuart

Debt Collectors Have Figured Out A Way To Seize Your Wages And Savings

HuffingtonPost.com | Hunter Stuart | Posted 06.03.2014 | Business

People with overdue bills have long complained of harassment from debt collectors, from late-night phone calls to frightening in-person visits. Now it...

Debt Collectors Could End Up Hounding You Even If You Have No Debt

The New Republic | DAVID DAYEN | Posted 04.01.2014 | Business

Last month, Amrit Singh, an adjunct professor at Hostos Community College in the South Bronx, received a letter from the New York City Marshal, advisi...

7 Strategies to Pay Down Your Debt

Jeanette Pavini | Posted 03.24.2014 | Women
Jeanette Pavini

With holiday spending and New Year's resolutions fresh in our mind, January is a good month to get serious about paying down your debt.

Debt Collectors Are More Likely To Go After Black People

The Huffington Post | Emily Cohn | Posted 12.17.2013 | Business

A new survey finds that African-Americans are much more likely than whites to be called by debt collectors, despite both groups reporting relatively e...

Reflecting on Rescuing Stranded Starfish and Abolishing Medical Debt

Jerry Ashton | Posted 01.23.2014 | New York
Jerry Ashton

What was it like to open up a letter announcing that the burden of a large medical debt had been taken away? "I was dumbfounded," replies Terrance Lavalle, referring to a letter he received in November from Occupy Wall Street's working group, "The Rolling Jubilee."

An Open Letter to the CFPB

Bill Bartmann | Posted 01.23.2014 | Business
Bill Bartmann

Having spent a lot of time thinking about this problem, I want to offer to you five simple ideas that will suppress the "criminal enterprise", uplift families, protect the safety and soundness of the banking system and ensure a functional credit and debt collection process.

Chris Kirkham

Text-Messaging Debt Collector Hit With $1 Million Fine

HuffingtonPost.com | Chris Kirkham | Posted 09.26.2013 | Business

The personalized text messages went out to more than a million cell phones over the last 18 months, warning of a critical legal issue. "It is URGEN...

State Accuses JPMorgan Of Unlawful Practices

AP | By DON THOMPSON | Posted 07.09.2013 | Business

SACRAMENTO, Calif. (AP) — California's attorney general sued one of the nation's largest banks Thursday, alleging that JPMorgan Chase & Co. used ill...

In the Public Interest: Senator McConnell Says We Shouldn't Have a CFPB At All

Ed Mierzwinski | Posted 06.22.2013 | Business
Ed Mierzwinski

What are some of the protections we wouldn't have at all, if Senator McConnell and Wall Street have their way and we didn't have a Consumer Financial Protection Bureau at all?

A Debt Collector Came After Me for $8.97

Credit.com | Posted 06.10.2013 | Business
Credit.com

By Deanna Templeton We recently received a question from a reader who is looking for help with a past due movie rental that went to collections: Toda...

Occupy Abolishes $1,000,000 in Medical Debt. Your Turn, Wall Street & White House?

Jerry Ashton | Posted 05.27.2013 | New York
Jerry Ashton

This week, Occupy's Strike Debt! working group will be mailing out over 1,000 letters to individuals, mostly in Kentucky and Ohio, who collectively owe over $1,000,000 in personal medical debt.

Helping Debt Collectors?

Reuters | Posted 05.07.2013 | Business

By Aruna Viswanatha and Rick Rothacker March 7 (Reuters) - The largest U.S. banks face a multi-state investigation into whether they h...

Debt Collector Threatened Dead Woman

The Huffington Post | Harry Bradford | Posted 02.22.2013 | Business

A Houston woman has called a debt collector “cruel” and “despicable” after the collector threatened her sister. Her sister, she says, died ba...

Debt Collection Reforms Are Past Due

Pamela Banks | Posted 04.09.2013 | Business
Pamela Banks

Buying and selling debt has become a big business in the U.S. The FTC found that debt buyers typically purchase portfolios of debt for only four cents on the dollar, on average, and then collect on those debts for the full face value -- which nets them a huge profit.

Times Are Tough for Many Consumers

Bill Bartmann | Posted 03.11.2013 | Business
Bill Bartmann

I suggest putting a freeze on those debt collector lawsuits until unemployment falls to some more reasonable level -- 6 percent. That would give millions of Americans the breathing space to get back to work -- and then they can catch up on all those old past due debts.