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Archive for 'Debt Collectors'
Online Payday Loans Overrun with Abusive and Deceitful Practices
The Pew Charitable Trusts revealed on October 2nd that today’s online payday loans are overrun with abusive and deceitful practices. In their latest entry to the Payday Lending in America series, Pew observed that online and Internet loans are more costly when...
Read MoreKnow Your Rights When Dealing with a Debt Collector
Getting harassed by a debt collector can be frustrating, annoying and even scary. Fox 43 Morning News spoke with Pennsylvania consumer attorney Craig Thor Kimmel about your rights. (Video has been removed – Admin)
Read MoreCFPB Issues New Rules for Supervising Debt Collectors
The Consumer Financial Protection Bureau on Tuesday unveiled new rules for supervising large debt-collection firms, marking the first time that industry will be subject to federal oversight. Starting Jan. 2, the government watchdog will regulate 175 debt-collection firms that each...
Read MoreDebt Collectors Using Facebook and Social Media to Contact You
When the Fair Debt Collection Practices Act was enacted in 1978, social media sites like Facebook and Twitter did not exist. No one could have anticipated how much of an impact social media would have on our lives but the debt collection...
Read MoreKnow Your Rights with Debt Collectors (Eyewitness News)
Consumer attorney Craig Thor Kimmel spoke with Eyewitness News via Skype about consumers’ rights under the Fair Debt Collection Practices Act: PA Home Page posted the video on their website here: Know Your Rights with Debt Collectors – video has been...
Read MoreWest Asset Management Pays Record Settlement, Offers Lesson in Consumer Awareness, Says Century Negotiations
The Federal Trade Commission (FTC) alleges that debt collection agency, West Asset Management, violated the Fair Debt Collections Practices Act (FDCPA) on multiple occasions, leading to thousands of consumer complaints. Century Negotiations President Amy Michalo-Rojas urged clients, and the general...
Read MoreDespite the Still-Weakened Economy, Debt Collector comes Out on Top
While millions of Americans must grapple in this difficult and topsy-turvy economy, some businesses continue to thrive. In fact, Portfolio Recovery Associates, Inc., a company that purchases, collects, and manages consumer debt, are reporting record-breaking profits. Portfolio Recovery Associates, like...
Read MoreOur Pledge to Clients and Consumers, to Ensure Fair Debt Collection
Our law firm Kimmel & Silverman, P.C. -CreditLaw.com- 800-NOT-FAIR, pledges to stand against unfair debt collection acts and practices. We promise to ensure our clients are treated fairly and with respect by debt collectors and their collection lawyers. We will...
Read MoreDebt Collectors Face a Hazard of Writers Cramp
When Michael Gazzarato took a job that required him to sign hundreds of affidavits in a single day, he had one demand for his employer: a much better pen. “They tried to get me to do it with a Bic,...
Read MoreTop 8 Complaints About Debt Collectors
The FTC is trying to educate consumers about what practices are illegal and what they can do about them. From this effort, they’ve compiled the top eight consumer complaints about illegal debt collection practices: 46.5% said debt collectors called continuously...
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