Other Blog Posts in Debt Settlement category

Student Loan Debt Nightmares

Steve Mason and his wife were living a life that was fairly ordinary, and then one day tragedy struck. There 27-year-old daughter died of liver failure, leaving behind three children and a ton of student debt. Mason and his wife did the only thing that they could do, they took in their 3 grand kids to raise as their own. But, what they didn't see coming, was the amount of student loan debt that......

Cavalry Portfolio Services

is collection agency headquartered in Valhalla, NY.  has about 600 employees and has offices in Phoenix, AZ; Tulsa, OK, St. Paul MN; Valhalla, NY; and Buffalo, NY.  According to its Web site, the customer is king.  Also, 's motto is, “Cavalry…to the rescue.”  However, according to its track record, Cavalry Portfolio’s collection activities shed a much different light when analyzed under the F......

35% of Americans are Dealing with Debt Collection

A new study that was jointly performed by Urban Institute and Encore Capital Group (a debt buyer) found that 35% of US adults are in some way a part of the debt collection system. In addition, of this 35% the average amount of debt that is being collected on is around $5,178.The study is entitled "Delinquent Debt in America" looked at a sample of consumers with a TransUnion credit report in 201......

Government Crackdown on Collection Agencies

Government Crackdown on Collection AgenciesFinally, government regulators are beginning to scrutinize debt collection agencies, and the banks they buy debts from; both industries use aggressive legal tactics supported by sloppy paperwork and shoddy records. Some Attorney Generals, and also the Federal Trade Commission, are starting to investigate big......

Best Buy Debt Harassment

Is Best Buy harassing you over a debt? Is Best Buy placing robocalls to you or sending you unsolicited text messages? You have rights under state and federal laws! We will aggressively enforce the law to stop this harassment. Not only will we stop the harassment, but you may be entitled to money damages, too. Finally, you won’t hav......

Is Home Depot harassing you over a debt

? Is Home Depot placing robocalls to you or sending you unsolicited text messages? You have rights under state and federal laws! We will aggressively enforce the law to stop this harassment. Not only will we stop the harassment, but you may be entitled to money damages, too. Finally, you won’t have to pay us a dime for our services......

Nordstrom Debt Harassment

Is Nordstrom harassing you over a debt? Is Nordstrom placing robocalls to you or sending you unsolicited text messages? You have rights under state and federal laws! We will aggressively enforce the law to stop this harassment. Not only will we stop the harassment, but you may be entitled to money damages, too. Finally, you won’t h......

Gap Debt Harassment

Is Gap harassing you over a debt? Is Gap placing robocalls to you or sending you unsolicited text messages? You have rights under state and federal laws! We will aggressively enforce the law to stop this harassment. Not only will we stop the harassment, but you may be entitled to money damages, too. Finally, you won’t have to pay u......

Regulation For The Use Of Social Media In Debt Collection

Regulation For The Use Of Social Media In Debt CollectionThe Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) will be examining potential regulation of social media and online sites, as they are used to collect debt. This news comes from a recent Bloomberg articles. Both agencies are considering new legislation for social media si......

Express Debt Harassment

Is Express harassing you over a debt? Is Express placing robocalls to you or sending you unsolicited text messages? You have rights under state and federal laws! We will aggressively enforce the law to stop this harassment. Not only will we stop the harassment, but you may be entitled to money damages, too. Finally, you won’t have to pay us a dime for our services. ......

Debt Collection Agencies Using Social Media For Harassment

Debt Collection Agencies Using Social Media For HarassmentNot content to hound people over the phone and postal service, debt collection agencies have lately expanded their efforts to social media websites. Usually, collection agencies use social media sites (Facebook, Twitter, LinkedIn, Google Plus, etc) to find people they've alread......

JCPenney Debt Harassment

Is JCPenney harassing you over a debt? Is JCPenney placing robocalls to you or sending you unsolicited text messages? You have rights under state and federal laws! We will aggressively enforce the law to stop this harassment. Not only will we stop the harassment, but you may be entitled to money damages, too. Finally, you won......

Stop Ford Finance Debt Harassment

Is Ford finance harassing you over a debt? Is Ford finance placing robocalls to you or sending you unsolicited text messages? You have rights under state and federal laws! We will aggressively enforce the law to stop this harassment. Not only will we stop the harassment, but you may be entitled to money damages, too. Finally, you w......

FTC Releases Study On Debt Buyers

FTC Releases Study On Debt BuyersThe Federal Trade Commission (FTC) has recently released its study on debt buyers; the FTC looked at the debt collection industry because it spurrs far more complaints than any other industry. The FTC's research scrutinized data on debt buyers, examining more than 5,000 debt portfolios with almost 90 million consumer accounts—t......

Bad Checks and Debt Harassment

Bad Checks and Debt HarassmentIn a disturbing trend for consumers, debt collection agencies are expanding their operations into collecting exorbitant fees on bad checks, regardless if the checks were actually fraudulent or merely banking errors. Accidentally overdrawing your account or writing a check that bounces is not hard to do; b......

Be Wary Of Payday Loans And Their High Interest Rate

Payday loans are some of the most usurious, with aggressive interest and questionable terms. A recent report by the Pew Foundation (part of their Payday Lending in America series) explains why people turn to payday loans, how they're finally able to repay the loans, and how they felt about the experience.58% of people who borrow payday loans have trouble meeting monthly expenses at least half t......

FTC Focuses On Debt Collection

FTC Focuses On Debt CollectionThe Federal Trade Commission's annual report put a strong focus on debt collection; state agencies for have responded by issuing alerts and content to help their citizens deal with debt collectors.  In Washington state, the  Department of Financial Institutions (DFI) recently sent out an alert on debt collection scams in the state.“Consumers should be on h......

TCPA Legal Filings Continue To Rise

TCPA Legal Filings Continue To RiseIn an encouraging trend for Americans, legal filings under the Telephone Consumer Protection Act (TCPA) continue to rise in number.  August 2012 saw an increase in TCPA filings of fifty-four percent over 2011; many of these suits were class-action.  More good news for consumer rights:  the Federal Communications Commission an......

Stop Sprint Debt Harassment

Is Sprint harassing you over a debt? Is Sprint placing robocalls to you or sending you unsolicited text messages?  You have rights under state and federal laws!  We will aggressively enforce the law to stop this harassment.  Not only will we stop the harassment, but you may be entitled to money damages, too.  Finally, you won’t have to pay us a dime for our services.  Keep reading to learn a......

TCPA Lawsuit Results In Judgment Of $571,000

TCPA Lawsuit Results In Judgment Of $571,000A Telephone Consumer Protection Act (TCPA) lawsuit has resulted in a judgment of $571,000 against the defendant, Santander Consumer USA, Inc. Santander Consumer USA, Inc. called Heather Nelson’s cell phone 1,026 times, and left another 116 pre-recorded messages times during a one year period, while attem......

Collection Agency Fined $800,000

Collection Agency Fined $800,000Two companies, a debt collection agency and the law firm it teamed up with, have been fined almost $800,000 by the Federal Trade Commission. The defendants misled people into paying unnecessary, invented fees, and falsely threatened people with lawsuits. The two parties, debt buyer Security Credit Servi......

Defend Against Debt Collectors

Defend Against Debt CollectorsIt's an unfortunate reality that most debt collectors are unpleasant over the phone; in some cases, nasty behavior over the phone constitutes a violation of the the Fair Debt Collection Practices Act (FDCPA). The best defense against rude and unethical debt collectors is a knowledge of the FDCPA, a recorder to document phone communications, and a good lawy......

Possible Changes For Student And Payday Lenders

Possible Changes For Student And Payday LendersThe director of the CFPB Consumer Advisory Board, Richard Cordray, issued a statement for a meeting of the CFPB, which signals possible changes for student and payday lenders. Towards student loans, Mr. Cordray spoke about the similarities between servicing problems experienced by mortgage loan borrowers and those experienced by student lo......

Ohio Courts Illegally Jail People Over Debt

Ohio Courts Illegally Jail People Over DebtA disturbing trend of illegal imprisonment has been uncovered in Ohio, by the Ohio chapter of the American Civil Liberties Union. Several Ohio courts have illegally jailed people for being too poor to pay their debts, and usually denying them a hearing to determine if they’re financially capable of paying what they ow......

Stop Vonage Debt Harassment

Is Vonage harassing you over a debt? Is Vonage placing robocalls to you or sending you unsolicited text messages? You have rights under state and federal laws! We will aggressively enforce the law to stop this harassment. Not only will we stop the harassment, but you may be entitled to money damages, too. Finally, you won’t have to pay us a dime for o......

Robo-Signing Under scrutiny

Robo-Signing Under scrutinyAt long last, the issue of robo-signing affidavits around debts is coming under public scrutiny. A recent article published by CreditCards.com discusses the relationships between debt buyers and issuers. Robo-signing is a relatively recent issue, with the proliferation of new loans created (and was largely responsible for the housing collapse of 2008).Affidav......

Abusive And Illegal Debt Collection Practice Case

Abusive And Illegal Debt Collection Practice CaseAnother case of abusive and illegal debt collection practices has surfaced, this time in Orlando, Florida. On February 28, 2012, Florida's Attorney General, Pam Bondi, announced several legal actions against a group of debt collectors who pretended to be government agents. State investigators, working ......

Be Cautious Of Pension Advances

Be Cautious Of Pension AdvancesPension advances are a big business, comprised mostly of preying on retirees hard up for cash. Pension advance companies sell loans, not advances, made against people's pensions—and they're having terrible financial consequences for an increasing number of aging Americans. Marketed as advances, they are carefully disguised loans that force borrowers to si......

FTC Fined Debt Collection Firm $800,000

In a recent settlement with the Federal Trade Commission, a debt buyer and a debt collection law firm have been fined almost $800,000. The two companies worked together to scam people with fabricated fees, on top of their payments. Debt buyer Security Credit Services and attorneys at the Jacob Law Group worked together since 2006 to collect consumer debts nationwide, according to the FTC's repo......

5 Ways to Remove Collections from Your Credit Report

Having a collections record on your credit file can negatively impact your credit score. While collection accounts do less damage the older they get, they will still remain on your report for 7 years.Despite this, there are techniques you can try to remove collections accounts from your credit report. In many ways, these are the easiest accounts to get off you......

Reasons to Stop Paying Private Student Loans

Those who have federal student loans have a variety of options for handling them. When a private student loan lender will not work with a student, however, what choices does he/she have?One option, simply put, is to stop paying the loan. If a student cannot get a lender to work with him/her and loan payments are becoming unmanageable, it is not nearly as irrational an option as it may seem.1) P......

Medical Debt Affects Nearly Twenty-Percent of Americans

According to a recent study from the Consumer Financial Protection Bureau, about 43 million people – nearly 20% of all U.S. consumers – have unpaid medical debts.“When people fall ill and end up at the hospital with unexpected bills, far too often they have entered into a financial maze,” said Richard Cordray, director of the Bureau. Confusing notices fro......

Dram Shop Claims

The National Highway Traffic Safety Administration estimates that an alcohol-related accident occurs every 32 minutes in this country. More than 10,000 people were killed in alcohol-related crashes in 2010. In Illinois, a person is considered intoxicated if their blood alcohol level meets or exceeds .08. If you were hurt in an accident and the other driver was intoxicated, this is an aggravatin......

Troops to be Reimbursed by Student Loan Company

According to the Washington Post, “thousands of troops who were charged excess interest on their student loans by Navient Solutions will start getting checks in the mail next month for up to $100,000.”Navient Solutions, which collects student loan payments and applies them to borrower debt, allegedly charged countless military servicemem......

5 THINGS YOU SHOULD KNOW ABOUT NAVIENT

In April 2014, Sallie Mae spun off its loan servicing division and created Navient, a publicly traded corporation.Navient manages almost $300 billion in student loans for over 12 million consumers.Navient is the largest servicer of federal student loans.In May 2015, the Justice Department made the follo......