The Consumer Federation of America has put out a list of the top consumer complaints. Guess what is near the top? Yep, my favorite industry, the debt collection industry! This year, coming in at #3 on the list, is abusive…
Posts Tagged With: debt collector
California Debt Blog: New Rules in New York for Debt Collectors
The New York Department of Financial Services is proposing new rules for debt collectors.These rules include: 1. Have in hand basic information before they may contact people about a debt; 2. Provide documentation when a person disputes or requests verification…
California Debt Blog: Consumer Protection Financial Bureau To Crackdown On Creditors
In a welcome move by the Consumer Protection Financial Bureau, they announced recently that they are going to be investigating original creditor’s for unfair debt collection practices. According to a story at BusinessWeek.com, “The new policy, which follows efforts to…
California Debt Blog: FAQ: What is my statute of limitations on a debt?
Question: I stopped paying on a credit card. What is the statute of limitations within which the debt collector has to sue me? Answer: It depends, as the typical lawyer would answer. Each state has its own statute of limitations….
California Debt Blog: Consumer Protection Financial Bureau Releases New Letters
The Consumer Protection Financial Bureau (CPFB) has released self help letters. These DIY letters are intended for consumers who are looking to deal with a debt collector without hiring an attorney. There are five letters that consumers can send to…
California Debt Blog: More on sewer serves and debt collectors
Crain’s New York Business has an article today about sewer service in New York. The article points out “The spread of sewer service mirrors the growth of the debt collection business, which over the past 25 years has grown alongside…
California Debt Blog: FAQ: What is a default and why should I worry?
Question: The debt collector sent me a “Notice of Entry of Default.” What is this? Answer: The short answer: a Notice of Entry of Default means that the debt collection attorney is asking the court to enter a default, or…
California Debt Blog: Some debt collection phone numbers to watch out for
Based on calls to my office, existing clients and some research there are a few numbers you need to watch for on your caller ID: 1. 347-772-2135 – this is the number that comes up in the fake police scam…
California Debt Blog: More on JPMorgan Chase
Last week I wrote about the California Attorney General suing JPMorgan Chase for its debt collection practices. Today, Lawyers.com comes out with an article abou tthe same issue. There are two issues that should be pointed out. First, these practices…
California Debt Blog: FAQ: Who can help me with my debt collection lawsuit?
Question: I have been sued by a debt collector. Who do I call? Answer: An attorney. Let me explain a bit. Twice in the last week, I have had people call me after being sued by a debt collector. Both…