Category Archives: debt collectors

What If I Get Sued?

Will I go to jail?   Unfortunately, many debt collectors and debt buyers make this threat, or dance around the truth, that a civil lawsuit for a debt can ONLY result in a money judgment. go2jail?NOT JAIL. So, what can happen if a debt buyer sues you? Do NOT assume that legal papers are correct; thatContinue Reading

Bankruptcy And Debt Relief Update

In spite of what the the creditors tell Congress, bankruptcy filings are not caused by bad people or greedy bankruptcy lawyers. Bankruptcy filings directly co-relate with the amount of debt outstanding.  No one forces those banks to send out billions of pre-approved credit card applications. Melanie Anzidei of the North Jersey web site reports: AContinue Reading

Helping Consumers With Debt Problems

Most consumers have debt problems.   Do the laws give enough help to consumers with debt problems? Guess what I think? Bankruptcy law is federal, but there is plenty wrong with state laws, especially Michigan’s wage garnishment statute. Personally, anyone in Congress critical of consumers borrowing too much money makes me yak. No one in theContinue Reading

CPFB And Consumer Rip-Offs

Once debt collector scumbags are forced out  of one way to rip you off, they find another. The CPFB (Consumer Protection Finance Bureau) is helping consumers with all manner of rip off schemes. You may end up like the homeless guy in the picture if you get taken by one of the crooked car titleContinue Reading

Debt Collector Harassment

I have been blogging about student loan servicer harassment on my other site, www.dischargestudentloan.com. But they are not the only debt collectors busy harassing and misleading folks. The Consumer Protection Finance Bureau  (CFPB) issues regular reports, and they have been busy whacking errant debt collectors: ►Debt collectors used illegal tactics to contact consumers: Bureau examiners foundContinue Reading

Zombie Debt Autopsy – continued

I wrote about zombie debt collectors last week.   But there is so much more to the horror! If you can stomach it, the complete CFPB (Consumer Protection Finance Bureau) consent order against zombie debt collectors is here. As lawyers, we only know what our clients tell us. We have a duty to investigate, reasonably, especiallyContinue Reading

Zombie Debt Autopsy

The CPFB (Consumer Protection Finance Bureau has nailed a couple more zombie debt collectors. Zombie debt, debt that never dies. It may have been discharged in bankruptcy, or pas the statute of limitations, or just an out and out mistake. In our world of core competencies and outsourcing, the big banks and credit card companiesContinue Reading