Many people know they need to respond to a letter or phone call from a collection agency, but they might not know exactly what to say. In general, it’s not usually a good idea to speak to a collection agent when they call, let alone respond to a letter over the phone. This [...]
Entries Tagged as 'FDCPA'
I’m Not Sure What to Say In My Letter to a Collection Agency
November 17th, 2009 · 1 Comment · Consumer Debt, Debt Collection
Tags: cease and desist·collection agency·Debt Settlement·Debt Validation·debt verification·FCRA·FDCPA·investigation request·junk debt buyer·negative listing
Lawsuits Against Creditors Reach Record Levels
August 19th, 2009 · 2 Comments · Consumer Debt, I'm suing those guys!, Legal Stuff, Mortgages
As of July 31, 2009, 5039 credit and debt related lawsuits across the USA haved been filed. In 2008, breaking the 5000 level took until October. The basis of these lawsuits were violations of the Fair Credit Reporting Act (FCRA) and Fair Debt Collections Practices Act FDCPA. The number includes lawsuits filed consumers [...]
Tags: Attorney General's office·collection·Consumer Law·consumer lawsuits·Daniel A. Edelman·FCRA·FDCPA·Late Pays·litigants·violations
Do Collection Agency “Cease and Desist” Letters Prevent Response to Credit Disputes?
July 10th, 2009 · 4 Comments · Consumer Debt, Debt Collection, Legal Stuff
The FDCPA was written with an eye towards protecting consumers from collection agency harassment. Under the FDCPA, a collection agency must cease communication with a consumer upon written request from that consumer.
Under the Fair Credit Reporting Act, consumers are allowed to directly dispute negative listings with information furnishers. An example of [...]
Tags: cease and desist·collection agency·Consumer Debt·consumers·credit disputes·credit report·FCRA·FDCPA·FTC·information furnishers·investigation request·written request
New Service Provides Collection Agencies List of Clients in Litigation
June 25th, 2009 · 3 Comments · Debt Collection, I'm suing those guys!, Legal Stuff
As an unintended consequence, consumers who defend themselves against collection agencies who violate of the Fair Debt Collection Practices Act (FDCPA) will now find themselves on a special list. One company is now offering its clients a list of everyone who has sued a creditor or collection agency. This is meant for the clients [...]
Tags: collection agency·collections·consumers·court cases·Courts·Fair Debt Collection Practices Act·FDCPA·lawsuits·Litigation·transunion
