Asset Acceptance Calls a Consumer a Fat Motherfucker While Trying to Collect Debt NJ Plaintiff Says

The facts as alleged by the consumer are very egregious.  It’s not all that often a debt collector in 2010 (when the voicemail was recorded) will be so brazen to actually record a voicemail calling a consumer a “fat motherfucker.”  But, when debt collection companies like Asset Acceptance permit cultures of greed and abuse to permeate their collection floors, it’s no wonder these facts are alleged to have happened.  Moreover, Asset Acceptance’s craven attempt to... Read More... Asset Acceptance Calls a Consumer a Fat Motherfucker While Trying to Collect Debt NJ Plaintiff Says

Consumer Federation of America Publishes Report Concerning Fraud and Debt Collection Abuses

Alarmed, the report detailed a relatively new form of debt collection scam.  Fake payday lending sites promising easy money are created for the sole purpose of capturing sensitive financial data.  Consumers, already in the dumps if they are considering payday loans, provide their information hoping to receive lending approval.  Rather than get money in their accounts from a payday loan, the reverse happens.  The fake payday lender steals money from the bank accounts the consumer unwittingly provided.  To really bring this fraud home... Read More... Consumer Federation of America Publishes Report Concerning Fraud and Debt Collection Abuses

Government Accuses National Credit Adjusters of Collecting Usurious and Invalid Payday Loans

National Credit Adjusters, LLC is a national “debt clearinghouse” that purchases defaulted payday loans.  Grabbing payday loans from all over the nation, National Credit Adjusters attempts to collect them in the respective states.  The payday loans associated with Arkansan consumers contain usurious... Read More... Government Accuses National Credit Adjusters of Collecting Usurious and Invalid Payday Loans

FDCPA Court Permits Consumer to Admit Into Evidence a Settlement Payment to End a Time-Barred Collection Suit Against Stock & Grimes

Hamid v. Stock & Grimes, LLP stands for very important propositions in FDCPA law and explores the... Read More... FDCPA Court Permits Consumer to Admit Into Evidence a Settlement Payment to End a Time-Barred Collection Suit Against Stock & Grimes

Asset Acceptance Calls a Consumer a Fat Motherfucker While Trying to Collect Debt NJ Plaintiff Says

Collecting on behalf of the junk debt buyer, World Financial Network, Asset Acceptance called and wrote the consumer seeking repayment of an alleged debt.  The court found as undisputed that Asset Acceptance recorded a voicemail for the consumer calling her... Read More... Asset Acceptance Calls a Consumer a Fat Motherfucker While Trying to Collect Debt NJ Plaintiff Says

In Introducing EDCAA, the Senate’s Funnyman Al Franken Sees No Humor in Debt Collection Abuses

EDCAA will forbid a debt collector from seeking “a warrant for the arrest of a debtor or any other similar request that a debt collector knows or should know would lead to the issuance of an arrest warrant…”  However... Read More... In Introducing EDCAA, the Senate’s Funnyman Al Franken Sees No Humor in Debt Collection Abuses

Junk Debt Buyer LVNV Funding LLC Busted to the Tune of $12.5 Million Dollars to Resolve Alleged Violations

$12.5 million dollars is the value of LVNV Funding and Resurgent Capital’s concessions to end the Licensing Board’s right to engage in administrative hearings in which evidence could be made public.  In a July 2012 Licensing Board Press Release, it was noted that LVNV Funding and Resurgent Capital “cooperated” with the Licensing Board and that they denied any liability and wrongdoing... Read More... Junk Debt Buyer LVNV Funding LLC Busted to the Tune of $12.5 Million Dollars to Resolve Alleged Violations