As the result of a class-action lawsuit, some Maryland debtors are getting their debts wiped out. The lawsuit states that LVNV Funding LLC, a junk debt buyer who sometimes sues consumers to recover money, was not licensed to collect debts in the state of Maryland, and therefore not able to perform debt collection activities in [...]
Entries from September 20th, 2011
LVNV Sued for Not Being Licensed to Collect in Maryland – All Debts Forgiven
September 20th, 2011 · No Comments · Collection Agencies
Tags: Class Action Lawsuit·debts forgiven·junk debt buyer·licensed to collect·LVNV·Maryland·violate the law
Capital One, Citibank Odd-Companies-Out in Decline of Credit Card Default
September 16th, 2011 · 2 Comments · Credit Cards
While Capital One and Citibank users are increasingly having trouble paying on their balances, Discover, American Express, Chase and Bank of America cardholders are on the right track.
Tags: american express·bank of america·Capital One·CARD Act·Chase·Citibank·credit·Credit Card Payments·Credit Cards·Discover·recession
Consumer Credit Advocacy Group Reports Decline in Credit Card Debt
September 15th, 2011 · No Comments · Credit Cards
According to the August 2011 survey of more than 262,887 CreditKarma.com users, credit card debt has fallen 18 percent since August 2010, to an average of $6,285.
Tags: credit·Credit card debt·Credit Cards·CreditKarma.com·debt·Federal Reserve·revolving credit
