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Debt Collectors

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."

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.

These Four Organizations Are Also Spying On You, And You Had No Idea

The Huffington Post | Cezary Jan Strusiewicz | Posted 11.21.2013 | Politics

When Edward Snowden revealed that the National Security Agency has been accessing phone and email records of American citizens, the news shook the wor...

Chris Kirkham

Text-Messaging Debt Collector Hit With $1 Million Fine | 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...

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...

9 Ways to Successfully Handle Debt Collectors

Tiffany Aliche | Posted 06.04.2013 | Business
Tiffany Aliche

1) Get organized Start a file cabinet where you begin to collect all of your financial papers. Need help? Read one of David Bach's Finish Rich books....

When the Private Sector Goes Bad: Preying on Troops and Veterans

Hal Donahue | Posted 05.19.2013 | Politics
Hal Donahue

With President Reagan's election, the majority of the American people embraced an economic and political philosophy enshrining the private sector as the driver of US life and values. The results are in. Look around.

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...

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.