1. Debt collectors are NOT under oath when they are talking to you. There are restrictions on what they can say, but exaggeration, saying what might happen if you do not pay, are allowed.
2. They are not trying to help you! They are not trying to work things out, come up with a plan...
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Top Ten Things You Need To Know About Debt Collectors
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tobee43 started a topic Debt collector who built fake court room files for Chapter 13 bankruptcy....in Chapter 13Debt collector who built fake court room files for Chapter 13 bankruptcy....
Debt collector who built fake court room files for Chapter 13 bankruptcy, read Michael J. Covatto’s bankruptcy documents.......
The now infamous debt collector with the fake court room has become a Chapter 13 bankruptcy debtor himself. After facing a lawsuit by the Attorney General of...Last edited by tobee43; 07-02-2011, 07:17 AM. -
J.P. Morgan Chase & Co. has abandoned more than a thousand debt-collection lawsuits
June 24, 2011
J.P. Morgan Chase & Co. has abandoned more than a thousand debt-collection lawsuits across the U.S. that sought to recover soured credit-card loans from borrowers.
The nation's second-largest bank by assets, including more than $100 billion in credit-card... -
Debt Collectors Ask to Be Paid a Little Respect
June 12, 2011
As a longtime debt collector, Lesllie Rogers has been routinely insulted, pummeled with obscenities, crudely propositioned and threatened with violence by the people she calls.
“They want you to feel as small and insignificant as possible,” said Ms. Rogers,... -
Daddy, Make the Bad Man Go Away
June 10, 2011
So, it’s 10:15 PM and your eight-year-old just woke up with a nightmare. While you’re tending to him, the phone rings and of course your 13-year-old daughter gets to it first. A minute or two later she bursts into her brother’s room crying, and blurts out to the two... -
Debt Collectors Discuss Strategies For Sending Debtors E-Mails
June 2, 2011
You are on the phone with a consumer. The conversation is going well. You have developed a nice rapport with the consumer and then he drops the bomb. He asks you if you could shoot him an e-mail explaining the payment plan. What’s a collector to do?
We’re... -
Patients in arrears face collectors
June 4, 2011
James Choi’s ambulance trip from Northside Hospital across the street to Saint Joseph’s Hospital cost $500.
Choi, an insurance agent, thought his insurance company should pay the whole cost, so he disputed the bill and believed it was resolved in his favor.... -
6 Common Lies Debt Collectors Will Tell You
May 31, 2011
If you’ve ever had to deal with debt collectors, you know that many of them can be extremely persistent, rude and even downright obnoxious. But how do you know if a debt collector is flat-out lying to you or misrepresenting the facts just to get you to fork over some cash?... -
Debt Collection Agencies Gone Wild
June 2, 2011
As Elizabeth Warren says, "Nothing will ever replace the role of personal responsibility." Just as the FDA doesn't prevent overdoses, the point of consumer protection regulations isn't to come to the rescue of people who simply don't want to pay back the money they... -
New Oklahoma law aimed at punishing “scum bag” debt collectors, backer says Read mor
June 2, 2011
A new state law that prohibits debt collectors from cursing and threatening improper legal action against debtors is aimed at punishing “scum bags,” said a Tulsa man who made and lost a fortune in the business.
Bill Bartmann, who founded a Tulsa debt collection... -
HOA's sued by investors who buy foreclosed properties
June 1, 2011
Two Las Vegas real estate investors filed a lawsuit recently against more than 500 neighborhood associations, claiming the groups charge illegal collection fees to people who own foreclosed homes.
The massive lawsuit is the latest, and the most spectacular,... -
How Telemarketers and Debt Collectors Obtain Your Mobile Phone Number
May 26, 2011
Landline usage is dropping by over 10 percent per year as more and more individuals are moving to the exclusive use of their mobile phones as their primary means of communication. This means that your email signature, your business cards, your orders and other places you... -
Minnesota sues debt collector for robo-signing
May 19, 2011
Minnesota sued Encore Capital Group Inc, one of the largest U.S. debt collectors, for allegedly using fraudulent "robo-signed" affidavits in collection cases, a practice that critics say also infects home foreclosures.
Thursday's lawsuit against Encore's... -
Woman harassed over debt that isn't hers
May 16, 2011
Debt collectors are tough to deal with, but one Fort Bend County woman is being harassed about debts that are not even hers. She says it's been happening for years.
The federal government gets more complaints about debt collectors than any other industry. It's... -
Never Pay A Debt Collector The Full Amount
May 12, 2011
The dirty little secret of debt collecting is that most of them are not working directly for the original company you ran up the debt with. They're an outside third party and they bought your debt for pennies on the dollar. The debt collector's goal is to get the most money...