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Debt Collection

A Debt Collector Came After Me for $8.97 | Posted 06.10.2013 | Business

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.

2013 -- The Year of the Consumer

Bill Bartmann | Posted 03.02.2013 | Business
Bill Bartmann

There is a new sheriff in town and he carries a big stick. The sheriff's name is Richard Cordray, Director of the Consumer Financial Protection Bureau, and he is going to shake things up.

Author and Occupy Arrive at the Same Decision - Walk Away From Debt!

Jerry Ashton | Posted 02.11.2013 | New York
Jerry Ashton

A coalition of Occupy groups called StrikeDebt is encouraging people to combat debt by way of popular resistance... up to and including complete default. Occupy hasn't left its "radical" roots, but has evolved as a voice on the subject of banking and finance.

Medical Bills & Minors: What You Should Know | Posted 02.09.2013 | Health News

By Gerri Detweiler It's bad enough to owe medical debt you can't pay. But what if you're young and being hounded by collectors for medical bills that...

Strange Bedfellows: Occupy Wall Street and the Bill Collector!

Jerry Ashton | Posted 11.14.2012 | Business
Jerry Ashton

OWS is certainly muscling (buying?) its way in, but with a "business" model that collection agencies and debt buyers would not have entertained in a lifetime.

Debt Collector Allegedly Threatens Mother and Uses Social Media as Weapon

Steve Rhode | Posted 05.24.2013 | Business
Steve Rhode

Now don't get me wrong, there are many good, fair, reasonable, and law abiding debt collectors out there who would never think of engaging in such alleged behavior. And while some may feel "all is fair" in order to collect a debt, there are limits.

Catherine New

Debt Collection Rules Fall Short For Consumers | Catherine New | Posted 10.24.2012 | Money

For the first time, a single federal government agency will oversee the debt collection industry starting next year, marking a monumental victory for ...

Lawsuit: Debt Collectors Told Veteran He 'Should Have Died'

The Huffington Post | Ryan Grenoble | Posted 08.09.2013 | Business

A U.S. Army veteran claims that a debt collection agency broke the law by garnishing the wages of his wife and insulted him by telling him, "you shoul...

The Alarming Ties Between Debt Collectors and District Attorneys

Adam Levin | Posted 09.26.2012 | Money
Adam Levin

The American justice system must not be sold to the highest bidder -- not to lobbyists, not to politicians, and certainly not to debt collectors. District attorneys can't continue to demean our institutions by renting out their letterhead.

Threatened With Jail For Bouncing $48 Check To Walmart

The Huffington Post | Ron Dicker | Posted 09.18.2012 | Business

Debt collectors and district attorneys are teaming up to bully bad-check writers into paying their debt, including a California woman who bounced a $4...

Collateral Damage: The Hidden Pain of a Bank Whistleblower

Jerry Ashton | Posted 11.04.2012 | Business
Jerry Ashton

Ever wonder what happens to the friends, fortune and family of a whistleblower? Taking it all in stride and landing a better-paying job? Vacationi...

How A Debt Can Land You In Jail

Time Moneyland | Posted 10.29.2012 | Money

Debt collectors can call you, hound you and make you feel like a lowlife, but here in America, they can't throw you in jail over your unpaid bills. Or...

The Outrageous Letter I Received 30 Days After My Husband Died

Carole Brody Fleet | Posted 10.21.2012 | Fifty
Carole Brody Fleet

The letter stated that I was "obviously responsible" for "taking care of your husband's obligations" and that if they did not receive payment in full within 30 days, they would take further action. Did I mention that almost all of the officers of said financial institution were guests at our wedding? And his funeral?

Real Confessions of Debt Collectors | Posted 10.21.2012 | Money

We spoke with four people about their experiences as debt collectors and what consumers should know when they get on the phone with them.

Ohio Couple Says Debt Collectors Called Them 14 Times A Day

The Huffington Post | Alexander Eichler | Posted 08.08.2012 | Business

The Fair Debt Collection Practices Act says that if a collection company is trying to get you to settle a debt, they can only call you between 8 a.m. ...

Jeffrey Young

Paid In Full: Controversial Hospital Debt Collector Barred From Minnesota | Jeffrey Young | Posted 07.31.2012 | Business

Accretive Health, a hospital billing and debt-collection contractor accused of badgering patients for money, won't be allowed to do business in Minnes...

Citibank Debt Collectors On The Run

The Huffington Post | Alexander Eichler | Posted 07.27.2012 | Business

Irzen Octa, an Indonesian businessman, died in a Citibank office under mysterious circumstances last March, while debt collectors were questioning him...

The Sewer Bill From Hell

The Huffington Post | Harry Bradford | Posted 07.25.2012 | Business

Better triple-check your books, an unpaid bill as low as a few hundred bucks can result in foreclosure, or worse. New Jersey plumber Dominick Vulp...

Debt Collectors Going After Consumers For Late Fees Video Rentals At Bankrupt Store

Posted 07.05.2012 | Business

In an era of Netflix, you might think being hounded to pay late fees on video rentals a thing of the past. You would be wrong. Consumers have file...

One Town's Mayor May Be Chased By Debt Collectors He Helped Out

Posted 07.05.2012 | Business

The mayor of one Florida town may have just sicced debt collectors on himself. Steve Bateman, the mayor of Homestead, Florida, owes thousands of d...