Q. Can a debt collection agency assign fees to the original debt? My credit rating is 849 and due to miscommunications with my time share based in Mexico, my maintenance fee was turned over to a debt collection firm and they are charging me with over a $100 fee. I have sent them a registered [...]
Entries Tagged as 'Settle Debts'
Can a Debt Collection Agency Add Fees?
September 27th, 2011 · 3 Comments · Consumer Debt
Tags: collection agency·Debt collector·interest on debt·JDB·sale or assign·Settle Debts
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
Debt Settlement Industry Warns Against Non-Professionals Tackling Debt Settlement
July 29th, 2009 · 3 Comments · Debt Settlement
Ridiculous! That was our first thought when reading the title of this press release from TASC (The Association of Settlement Companies), an organization that “serves to protect consumers through an organization seal that represents best practices and standards of reputable companies”. The press release was TASC’s response to an ABC News Report that was aired [...]
Tags: debt negotiations·Debt Settlement·debt settlement companies·negotiate with creditors·Settle Debts·TASC
Congratulations, Your Account is in Collections!
July 29th, 2008 · 46 Comments · Collection Agencies, Credit Repair
Many people are really worried when an account goes in to collections, meaning a credit card company has decided to charge off your debt due to non-payment. Sure, now you have two big negative marks on your credit report, but I’m going to make a statement now that may seem counter-intuitive: once something gets to [...]
Tags: Account·collection agencies·Credit Cards·FDCPA·Legal Protections·Settle Debts
