U.K.’s Office of Fair Trading now officially prohibits debt collectors from contacting borrowers’ friends, followers or other contacts via Facebook, Twitter or any other social networking site.
Entries from October 19th, 2011
U.K.’s OFT Stops Debt Collectors from Contacting Facebook, Twitter Contacts
October 19th, 2011 · No Comments · Debt Collection
Tags: debt·Debt Collection·debt collectors·facebook·Office of Fair Trade·OFT·social networking·Twitter·U.K.·U.S.
Being Sued but Want to Negotiate – Should I File an Answer to the Suit Anyway?
October 18th, 2011 · 2 Comments · I'm being sued!
Q. I was served with court papers today. I am being sued by Midland Funding. I do not dispute their claim but I couldn’t get them to negotiate a payment I could afford. I just don’t if I should file a motion or do nothing. Will they be able to garnish my wages either way? [...]
Tags: court papers·garnish wages·hiring a lawyer·I've been sued·junk debt buyer·negotiating position·Original Creditor
National ATM Council Sues Visa, MC Over Price Fixing
October 17th, 2011 · No Comments · Banking
Next time you curse a non-bank ATM for charging you$2 to use the machine, remember to curse MasterCard and Visa instead.
Tags: ATM·ATM card fees·ATM owners·ATM's·lawsuit·Mastercard·National ATM Council·non-bank ATM's·price fixing·Shazam·Star·Visa
Beware of Sneaky New Credit Card Marketing Ploys
October 14th, 2011 · 2 Comments · Credit Cards
If you are trying to keep your credit in check, beware of sneaky new ways credit card companies are looking to lure you in to new debt.
Tags: american express·AmEx·Citcard·credit·Credit Cards·Mastercard
