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Debt Collection

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.

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

Credit.com | Posted 02.09.2013 | Health News
Credit.com

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

HuffingtonPost.com | 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 ...