Since they are losing their shirts these days, Citibank is really getting very aggresive with past-due accounts. They skirt the FDCPA by owning collection agencies, so when a Citibank collection agency calls, they can do whatever they want.
My latest client is being sued by Citibank for a $19K debt from 2004 that with fees [...]
Entries from February 11th, 2008
Citibank is so predictable
February 11th, 2008 · No Comments · Credit Bureaus and Scores, I'm being sued!
Tags: Citibank·complaint·FDCPA·lawsuit·Past Due·Predictable·Process Server
Surprisingly, Corporate Debt is Lower than it’s Been in Decades
February 11th, 2008 · No Comments · Consumer Debt
According to an article in the Wall Street Journal today, percentage of consumer income (after taxes) going towards debt has edged up to 14% since 1990.
But the opposite is true in the corporate sector, where income which has gone to pay off debt has gone from over 25% in 2001 to 11% in 2007. [...]
Tags: Consumer Income·corporate debt·Economic Recession·Pay Off Debt·Wall Street Journal
I think I’m being sued!
February 8th, 2008 · No Comments · Credit Counselor Front Lines, I'm being sued!
Yesterday’s call:
My client got a letter from a lawyer who offers to represent her and is giving her an advance “courtesy” warning that she is about to be sued. These lawyers peruse public records and in the hopes of getting new clients. And this client had not been served!
So she is all panicky [...]
Tags: complaint·I'm being sued!·lawsuit·Lawyer·Original Creditor·Panicky
