Debt collectors have been suing consumers for years with very little proof that the consumer owes any money. You have probably heard some of these names: Persolve, LLC, Asset Acceptance, CACH, FFIC, Midland Funding, Cavalry, etc…. In two recent cases…
Posts Tagged With: debt collectors
California Debt Blog: President Obama Cuts Student Loan Debt Collection Commissions
This is exciting news for folks who may be behind on their student loans. President Obama has cut the commission that debt collectors get on student loans. Why does this matter? Student loan debt collectors are some of the most…
California Debt Blog: Keep track of your settlements
I have had two cases recently that have shown me a disturbing trend: debt collectors settling issues and then turning around and demanding more money! In one case, Erica Brachfeld, who also goes by Brachfeld Law Group, settled a case…
California Debt Blog: Aggressive Debt Collection Tactics
Jim Puzzanghera of the LA Times wrote a great story on debt collection tactics. Jim’s first paragraph tells the story of most people these days: “Hard economic times have helped push millions of Americans deeply into debt, plunging many into…
California Debt Blog: Pressure to Pay Others’ Debts a Growing Problem
A new problem with debt collectors has been emerging in recent years – debt collectors who pursue the wrong people in order to collect a debt owed by someone else. Some collectors even know that they are pursuing the wrong…
California Debt Blog: Debtors Fighting Back Against Collectors in Court
Recently, I wrote about the flood of lawsuits from creditors seeking payment on debts, often with little or no proof that the debt is even owed. The other side of the coin, highlighted by this article, shows that debtors are…
California Debt Blog: I am getting more settlements for consumers
It is the holiday season. And as I told you a few weeks ago, debt collectors would be willing to settle cases. As it turns out, I was wrong – they really want to settle cases. Recently, I had two…