Q. My American Express account just went to a collection attorney. I also just enrolled in a debt settlement program to deal with this debt. The debt settlement program attorney states they will not make an offer until I have accrued at least 20%. I plan sending a letter to the collection attorney validating the [...]
Entries Tagged as 'lawsuits'
Should I Tell a Collection Agency I’m in a Debt Settlement Program?
December 13th, 2011 · No Comments · Debt Settlement
Tags: Attorney·being sued·collection agency·Debt Settlement·debt settlement guide·Debt Validation·lawsuits
FTC Recommends Changes in Debt Collection Litigation and Arbitration
July 13th, 2010 · 1 Comment · Debt Collection, Legal Stuff
On July 12, 2010, the Federal Trade Commission (FTC) issued recommendations on proposed reforms to debt litigation, including the process of arbitration. These recommendations were based on a 2009 report on the debt collection industry as a whole. Debt collectors frequently use the court process fraudulently in the following ways: Failing to properly notify consumers [...]
Tags: Arbitration·arbitration forum·debt collection litigation·default judgments·FTC·FTC recommendations·garnishments·lawsuits·NAF·Settle Debts
Pay Garnishments Increase in U.S.
April 2nd, 2010 · 1 Comment · I'm being sued!
It used to be a rare occasion when a consumer was sued on a defaulted debt. Not any more. I’ve recently seen an article in the New York Times about the uptick in debtor lawsuits as a collection method and resulting garnishments. This seems to match what I’ve been hearing from my readers. Most people [...]
Tags: complaint·court·debt collectors·defenses·file your answer·garnishment·I'm being sued!·judgment·lawsuits·New York TImes
