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Debt Collectors

Private Debt Collectors the Wrong Approach for IRS

Chuck Marr | Posted 11.04.2015 | Politics
Chuck Marr

The highway funding bill before the House would require the IRS to outsource part of its tax enforcement to private debt collectors. This policy has failed before -- when it actually lost money for the government, according to the IRS -- and remains misguided.

The House GOP Wants Private Debt Collectors To Take Over IRS Jobs

The Huffington Post | Zach Carter | Posted 11.03.2015 | Politics

WASHINGTON -- House Republicans are pushing to give private debt collectors the right to target all unpaid tax bills, handing a traditional IRS respo...

Republicans Want Private Debt Collectors To Replace IRS Agents

The Huffington Post | Zach Carter | Posted 07.23.2015 | Politics

WASHINGTON -- Senate Republicans want to replace IRS agents with private debt collection agencies, which are known to harass people for overdue credit...

JPMorgan Fined $136M For Debt Collection Practices

AP | By KEN SWEET | Posted 07.08.2015 | Business

WASHINGTON (AP) — JPMorgan Chase will pay $136 million to settle charges that it used illegal tactics to go after delinquent credit card borrowers, ...

Shahien Nasiripour

Education Department To Miss Deadline On Helping Student Borrowers | Shahien Nasiripour | Posted 07.01.2015 | Politics

The U.S. Department of Education is about to miss its July 1 deadline on three key directives from President Barack Obama regarding fair treatment of ...

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.

Shahien Nasiripour

Debt Collectors Lose Lawsuits Against Education Department | Shahien Nasiripour | Posted 04.15.2015 | Politics

A federal judge on Tuesday dismissed lawsuits against the U.S. Department of Education brought by four of its contracted student loan debt collectors ...

From the Other Side; an Honest Review from Employees

Robin Cassady | Posted 06.14.2015 | Business
Robin Cassady

Whether we wake up in the mornings loving what we do or not, it is important to remember the people we come in contact with during our day-to-day activities are trying to make a living for themselves and their families as well.

Will Your Next Debt Collector Be a Robot?

Steve Rhode | Posted 06.06.2015 | Money
Steve Rhode

Are the days of debt collectors sitting in cubicles "dialing for dollars" numbered? Debt collection, like many sectors of the economy, is starting to ...

Shahien Nasiripour

Education Department Shows Little Concern About Lawbreaking Debt Collectors | Shahien Nasiripour | Posted 03.17.2015 | Politics

The U.S. Department of Education acknowledges all of its contract debt collectors have violated federal consumer protection laws. But it doesn't m...

Ben Walsh

For-Profit Company Threatened To Jail People For Not Paying Traffic Fines, Lawsuit Says | Ben Walsh | Posted 03.16.2015 | Business

The pitch is simple: For no cost, a private company will help collect fines and fees owed to cities. These for-profit firms, called probation serv...

Shahien Nasiripour

CFPB Faults Education Department's Debt Collectors | Shahien Nasiripour | Posted 03.11.2015 | Politics

An undisclosed number of debt collectors working for the U.S. Department of Education misled borrowers in distress, obstructing some of them from maki...

Hunter Stuart

Your Credit Rating Might Predict How Likely It Is You'll Have A Heart Attack | Hunter Stuart | Posted 11.25.2014 | Business

A new study has found that your credit rating may be able to predict how likely you are to have a heart attack or stroke.

Shahien Nasiripour

Obama Administration Explores Ways To Collect Student Loan Payments Without Middlemen | Shahien Nasiripour | Posted 11.13.2014 | Politics

The U.S. Treasury Department soon will take some student borrowers' accounts away from private debt collectors and give them to federal workers, an am...

Debt Collectors Harass Americans Even After They've Lost Their Homes

Reuters | Posted 12.14.2014 | Business

(Repeating to additional subscribers) By Michelle Conlin NEW YORK, Oct 14 (Reuters) - Many thousands of Americans who l...

Is America Now a Debtor Nation?

Curtis Arnold | Posted 11.04.2014 | Money
Curtis Arnold

Have a few blemishes on your credit report? You're not alone. According to a recent study from the Urban Institute, over one-third of Americans had debt in collections in 2013.

What Do Banks Have to Hide From CFPB's Efforts to 'Make the Market for Credit Work Better'?

Ed Mierzwinski | Posted 10.22.2014 | Business
Ed Mierzwinski

This month, two different but powerful Wall Street bank lobbies launched self-serving attacks on the Consumer Financial Protections Bureau's most recent efforts to make banking markets more transparent. What do the banks have to hide?

STUDY: 35 Percent Of Americans Have Debt In Collections

AP | JOSH BOAK | Posted 09.27.2014 | Business

WASHINGTON (AP) -- More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study ...

Hunter Stuart

Debt Collection 'Factory' Preyed On Broke Americans: Lawsuit | 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 ...

Hunter Stuart

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

An Ungrateful Nation

Bill Bartmann | Posted 05.18.2014 | Politics
Bill Bartmann

Knowing that many active-duty service personnel and veterans face financial hardships, there is much we can -- and should -- do to ease that burden.

Debt Collectors Targeting Members Of The Armed Services

Center for Public Integrity | Daniel Wagner | Posted 03.11.2014 | Politics

By Daniel Wagner Center for Public Integrity Debt collectors are targeting members of the Armed Services by calling their superior officers, threa...

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...

Educational Opportunity? Globe University's Murky Student Loan Partnership With Debt Collection Agency

Kyle McCarthy | Posted 01.23.2014 | Business
Kyle McCarthy

For years, the EdOp Loan has been marketed as one of the "primary sources of financial aid" and carried an 18% interest rate. As I mentioned in my previous article, the mailing address listed on happens to be the same mailing address for American Accounts and Advisers, a debt collection agency.

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."