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Special Report on

Debt Collector and Debt Buyer

debt collector and debt buyer special research report Photo by s1.hubimg.com
If you’re behind in paying your bills, or a creditor’s records mistakenly make it appear that you are, a debt collector may be contacting you. The Federal Trade Commission (FTC), the nation’s consumer protection agency, enforces the Fair Debt Collection Practices Act (FDCPA), which prohibits debt collectors from using abusive, unfair, or deceptive practices to collect from you. Under the FDCPA, a debt collector is someone who regularly collects debts owed to others. This includes collection agencies, lawyers who collect debts on a regular basis, and companies that buy delinquent debts and then try to collect them.
for a fraction of the face value of the debt. The debt buyer can then collect on its own, utilize the services of another collection agency, repackage and resell portions of the purchased portfolio or any combination of these options.
REVIEWS AND OPINIONS
Guest Blog: Lets Drive a Stake through the Heart(lessness) of Old ...
.  In furtherance of that mission we occasionally publish content from third parties in and around the ARM industry whose insights and perspectives we think will be vital, sometimes challenging, and meaningful to our audience.  The views expressed in partner content, like the blog below, do not necessarily reflect the opinions of insideARM.com. In a recent, article in a credit-collections industry publication, the author pulled back the curtain on one of this industry’s dark activities – the “living hell” that consumers go through year after year when their debt is sold to any number of third ... market research, surveys and trends
How May You Settle Your Credit Balances Without Having To Be ...
Each day increasing numbers of people are struggling with our downward spiraling financial system. Experts foresee that we will be in this financial state for many years to come. As individuals aim to pay the bills, they need to depend more on credit to make up for lost pay and mounting expenses. Subsequently they get to the breaking point where they can no longer budget those high interest minimal payments. Lots of individuals end up contacting the credit card companies directly in the hopes that they will recognize the person’s circumstances and help this faithful consumer who has up to now always remained current and ... market research, surveys and trends

SURVEY RESULTS FOR
DEBT COLLECTOR AND DEBT BUYER

Woman Sues Debt Collector, Wins $8.1 Million « Credit, Collections ...
At courthouses across the United States, it has become increasingly common during the economic downturn for lawsuits to be filed against consumers to collect old debts. Lawyers who specialize in the practice are filing thousands of suits on behalf of large firms that have acquired debts from other companies. Although most people don’t fight the suits and lose them by default, a Dallas woman bucked the trend last October. Chrystal A. Snow challenged the validity of a $9,000 debt in a Dallas County Court-at-Law and countersued the debt collector for making improper phone calls, her attorney Ross Teter said. In a case that ... industry trends, business articles and survey research
Learning How to Fight the Collector - NYTimes.com
Among debt collectors, Steven Katz is known as a “credit terrorist.” For years, he has run what he calls the Steven Katz School of Bill Collector Education, otherwise known as the “credit terrorist training camp.” Steven Katz, a former bill collector, says debtors can “use the laws as they are on the books as both a shield and a sword” against unscrupulous collection efforts. Steven Katz with a framed copy of a $1,000 check he said was his first damage award for fighting a bogus collection effort. Mr. Katz, a 58-year-old accountant in suburban Tucson, spends his free time schooling debtors on the finer ... industry trends, business articles and survey research
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Chris Griffith: Saying no for the sake of it
These days, real estate agents advise purchasers of how the sale process will work, usually in realistic detail. There are so many challenges to overcome and buyers need to be prepared for them and expect them. If a buyer goes into a transaction on distressed property fully prepared, with their eyes wide open they can usually weather the process. What most buyers and even sellers don’t know is that the long line of people involved in processing a distressed real estate transaction in some instance is ridiculous. All it takes is for one person in the line up to not come from a place of yes to bring everything to a grinding halt. ... market trends, news research and surveys resources

INFORMATION RESOURCES

C:\Documents and Settings\Administrator\Desktop\Edelman\collection ...
Clearly, a consumer cannot know, and should not assume, that a debt buyer actually owns the debt or that a debt collector is authorized to act by the ... technology research, surveys study and trend statistics
Debt Buyer/Debt Collection Companies and Their Principals Settle ...
Companies that the Federal Trade Commission alleges have threatened and harassed thousands of consumers to get them to pay old, unenforceable debts or debts they did not owe have agreed to settle charges that their abusive and deceptive collection practices violated federal law. The settlement prohibits the companies’ alleged abusive debt collection practices in the future, require disclosures to consumers of their rights in the companies’ collection notices and communications with consumers, and requires the companies and their principals to pay a $300,000 civil penalty. The FTC charged that Capital Acquisitions and ... technology research, surveys study and trend statistics
1 Defending Debt Collection Suits (Often, the Best Defense is a ...
To make collection attorneys, debt buyers and creditors obey the law. ... Claims against the collection lawyer and/or the debt buyer will be FDCPA claims, ...
REAL TIME
DEBT COLLECTOR AND DEBT BUYER
QUESTIONS AND ANSWERS
Collections Law: Sued by a debt buyer in New York, debt collection ...
I was sued by from what I understand is a debt buyer.  They are represented by a debt collection lawfirm out of NYC.  I filed a general denial.  I later did some research including looking at your previous answers and found out that "debt buyers" have to prove they own the account they are suing on. I then requested proof from this collection law firm that their client owns my account.  Then about 2 months later they sent me a photocopy of a "bill of sale" to them from another collection agency.  Should I pay them now?  Is this sufficient proof according to the NY law? Thanks for ...
Debt Collector Mann Bracken Files for Bankruptcy; What Now for ...
A Collection Agency that was pursuing me for a debt, Mann Bracken, has filed Bankruptcy and fired all its employees. What now? Am I to assume that: - If Mann Bracken was acting as an arm of the original Creditor, the original Creditor will eventually re-assign or sell the debt to another agency? - If Mann Bracken was acting as a third party to which the debt was sold from the original Creditor, it will eventually be sold to another agency as part of the bankruptcy process? I figure either way, it buys me some time to gather settlement funds. Does this buy me any leverage with my negative listing in my Credit Report? In other ...