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Debt Collection Industry

Debt Collectors, Social Darwinism and William Jennings Bryan

Don McNay | Posted 10.21.2014 | Business
Don McNay

In the over 90 years since William Jennings Bryan's death, we have seen scores of major atrocities played out with the theory of "survival of the fittest" as a motivating factor. We are also seeing it at every level of business and society.

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."

The $90 Million Mindset: An Offshoring Success Story

Shayne Hughes | Posted 12.07.2013 | Business
Shayne Hughes

No matter how brilliant a strategy, if the people involved aren't committed, it will never take off.

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.

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.

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.

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.

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...

Here Come The Feds: Minnesota Hospital Faces Sanctions Over Shaking Down Patients

The Huffington Post | Jeffrey Young | Posted 09.15.2012 | Business

A Minnesota hospital company that worked with debt-collection firm Accretive Health is in hot water with the federal government over allegedly harassi...

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...

Real Confessions of Debt Collectors

Credit.com | Posted 10.21.2012 | Money
Credit.com

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. ...

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...

The Obamacare Scare: Medical Debt Collectors in Scrubs?

Adam Levin | Posted 09.02.2012 | Politics
Adam Levin

What does it say about us as a nation where patients waiting in an emergency room or lying in (or near) recovery rooms after surgery can be confronted by a special "relative" or friend at their bedside? It's your friendly medical debt collector, holding an invoice.

Shareholder Sues Debt-Collection Company Over 'Deplorable' Practices

The Huffington Post | Alexander Eichler | Posted 07.02.2012 | Business

The problems just keep piling up for the nation's most famous collector of hospital debts. Accretive Health, the Chicago-based debt collection comp...

Crooked Debt Collector Allegedly Pocketed Money, Bought 32-Foot Boat With It

The Huffington Post | Alexander Eichler | Posted 06.12.2012 | Business

There's a right way and a wrong way to collect debts. And the wrong way definitely involves pocketing the funds you take in and using them to buy a bo...

Jeffrey Young

'Do You Want To Pay Now?': How A Hospital Hounded A Sick Patient

HuffingtonPost.com | Jeffrey Young | Posted 05.21.2012 | Business

No one at the hospital ever said Bruce Folken's medical care would suffer if he didn't pay up, but it sure felt that way. Folken, 62, went to Fairv...

Dealing With Debt Collectors: Be Their Friends

Kevin Yu | Posted 05.16.2012 | Money
Kevin Yu

Debt collection agencies are used to being yelled and cursed at, so why not take the opposite approach and try to be their friends?

What To Do When You're Getting Calls About Someone Else's Debt

Bankrate | Steve Bucci | Posted 02.13.2014 | Money

Dear Debt Adviser, I am a victim of identity theft. The person who stole my ID took out a payday loan and used a fake bank account number. I am now b...

Debt Collectors Might Be Employed To Recoup City's Unpaid Water Bills

The Huffington Post | Alexander Eichler | Posted 04.30.2012 | Business

The city of Canton, Ohio might be giving the debt-collection industry some rather good business soon. The Canton city council will vote Monday on w...

Fake Collectors Use Payday Lender Info To Scare People Into Paying Debts They Don't Owe

The Huffington Post | Alexander Eichler | Posted 04.27.2012 | Business

Another day, another story of debt collectors acting shady. Some California residents recently started getting threatening calls from fake debt col...

Woman Wins $10 Millon From Debt Collectors In Court, Can't Collect

The Huffington Post | Alexander Eichler | Posted 04.26.2012 | Business

One woman is having trouble getting a debt collector to fork over its debt to her. Diana Mey, a West Virginia housewife, won an eight-figure court...

Debt Collectors Want To Be Your Friend On Facebook

The Huffington Post | Alexander Eichler | Posted 04.24.2012 | Business

Your Facebook profile can and will be used against you. A recent segment on KDVR, the Fox affiliate for Denver, reminds us that collection agencie...

Breast Cancer Survivor Jailed Over Accidental $280 Medical Bill

The Huffington Post | Harry Bradford | Posted 04.23.2012 | Business

In the latest example of aggressive debt collector tactics, an Illinois woman found herelf jailed over a bill she didn’t even owe in the first place...