Archive for 'Debt Collection Issues' Category
Abusive Tactics by Debt Collectors
26 August 2006Via Pinko Feminist Hellcat, I came across a series in the Boston Globe on the various aggressive collection practices that collection agencies have often employed against people who start to fall behind on their debts. You can view it here: Part One, Part Two, Part Three, and Part Four. There’s one of those annoying online [...]
Statute of Limitations on Old Debt
10 August 2006In connection with the earlier post on older debts resurfacing to haunt consumers, here is a chart of the statute of limitations in every state on old debts. The range is pretty large. Some states, like California, have shorter periods – 4 years for written debt contracts, 2 years for oral contracts. Alaska, Delaware, Maryland, [...]
Collections on Old Debts on the Rise
10 August 2006From Liz Pulliam Weston on MoneyCentral comes an article on what she calls “zombie debt,” which is older debt that you thought had disappeared but has suddenly been resurrected by a collection agency. How does this happen? A decade ago, few creditors tried to collect on old accounts, figuring it wasn’t worth the effort. Today, [...]
How to Handle A Debt Collection Suit
8 August 2006Over at Debt Collection Lawyer, there is this good post on how to handle a lawsuit filed against you by a collection agency. I’m going to echo his warning that I’m not your attorney and that you are better off consulting one. He gives some advice on fighting the suit every step of the way [...]
The Worst Example of College Student Credit Card Debt I’ve Seen…
5 August 2006…is a girl who clocked in at $33,000 before giving up and filing bankruptcy. She told a tale of a new credit collection technique where the collectors call up and ask the student to pressure their parents for more money. Devious, but obviously it works. Yet another example of why parents need to counsel their [...]
How Debt Collection Attorneys Get Money Out of Creditors
5 August 2006In a good inaugural post that hopefully suggests more to come, Debt Collection Lawyer offered a thorough review of what he will do to you if you don’t pay his clients. It’s good stuff for creditors to know, as he explains exactly why each step in the process takes place – from the menacing letters [...]