Showing posts with label debt collector. Show all posts
Showing posts with label debt collector. Show all posts

Sunday, November 13, 2011

Debt Collector with 6,000 Accounts Settles for $4 million


According to state officials the company repeatedly engaged in bad behavior prohibited by the Fair Debt Collection practices Act. 
SNIP
"The main thing is you don't threaten people in terms of their debt," said Bill Cloud, a spokesman for Georgia's office of Consumer Protection. "You don't threaten them physically. You don't threaten them with arrest. You don't act like a law firm if you're not. These people were just doing everything in the book that was wrong." Cloud says since 2008's financial meltdown, abuse by debt collectors has been one of the most frequent complaints his office receives. 
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For more on the FDCPA visit Consumer credit Capital at FDCPA.   If you have questions about a collection account give credit repair Texas a visit.  For more on the case above you can find it here.

Sunday, October 30, 2011

Debt Collector Threatens to "dig up daughter" over funeral debt.

You really can't make this stuff up. Seems credit repair houston is fighting the good fight with stories like these. In this case, the FTC is cracking down on debt collectors that are making threats that are absurd.

For more on the story here:

Debt collectors generate more complaints to the FTC than any other industry, according to government agency. Last year, there were 144,159 filings against collection companies, the second largest category of complaints to the FTC. There were 250,854 identity theft related complaints last year, or 19 percent of all complaints.