A debtor who lives in Florida claims Bank of America continued to make multiple phone calls attempting to collect on outstanding debt after he filed bankruptcy, according to the Huffington Post and the Bankruptcy Law Network. The issue was recently presented to a Florida bankruptcy judge and the outcome should serve as a warning to [...]
Debt Collectors and Collection Practices Being contacted from a debt collector may pose some questions and concerns that should be reviewed before making payment. Sometimes consumers are unsure about certain actions debt collectors are allowed and not allowed to do, which can give debt collectors a more likely chance to take advantage of someone not [...]
Con-Artists Claiming to be Debt Collectors With a struggling economy, more scammers are trying to take advantage of people who are unable to make payments on their bills. Recent news reports alert consumers about scammers calling and claiming to be debt collectors in order to get personal details and even money from unsuspecting consumers. Scammers [...]
Dealing with debt collectors can be a challenging process whether or not you owe what they are trying to collect on. Debt collectors may exercise practices that are unfair in order to get debtors to pay. While it's true they can file a lawsuit for an outstanding liability, many feel that debtors are unaware of [...]
When Debt Collectors Try to Collect During Bankruptcy If you have filed for bankruptcy and a creditor continues to try and collect from you, they could be in violation of the automatic stay . The purpose of the automatic stay in bankruptcy is to stop collection activity by creditors, including various forms of legal [...]
Recent reports from multiple news outlets have highlighted a recent dispute with a senior citizen from Florida and her issues with alleged violations from a debt collection firm hired by Bank of America Corp. The Wall Street Journal (WSJ) reports a Florida woman (plaintiff) has retained legal representation and filed a lawsuit regarding collection tactics used to [...]
What to Do if a Creditor Harasses You You've started the proceedings to declare bankruptcy some time ago - and yet your creditors are still calling you constantly. There's not a moment's peace from these creditors: if they're not contacting you by letter, they're contacting you throughout the day, be it at work or at [...]
How Do I Stop Creditors From Calling Me? Under U.S. bankruptcy law, petitioning for a Chapter 7, Chapter 11 or Chapter 13 bankruptcy means that creditors must immediately stop all of their collection efforts. However, it might seem as though a few of your creditors didn't get the notice. The collection letters are still being [...]
The Federal Trade Commission has announced that the number of complaints against debt collectors has experienced a spike since the 2008. The Federal Trade Commission reports that the number of complaints about debt collectors rose from 104,766 a year in 2008 to 140,036 in 2010, says Tom Pahl, assistant director of the FTC's division of [...]
Fair Debt Collection Practices Act and Your Rights Debtors facing collections actions by creditors have a specific set of rights as defined by the Fair Debt Collection Practices Act (FDCPA). Let's take a look at a few of these rights: The Right To Know A debtor facing collections actions by a third-party collector has the [...]
