Remember our very recent post regarding Facebook and credit card debt collectors? Well, to refresh your memory, debt collectors are now using social media such as Facebook, Myspace and LinkedIn to track you down. It happened to one woman in Florida. In fact, it’s being called a ‘first of its kind’ case amongst legal professionals. The [...]
It seems debt collectors and debt collection agencies are getting more tech savvy these days. In the past, collectors would use things like ’skip-tracing’, personal investigations, phone records, and utility bills to find you. Their job seems to be getting easier now with the advent of social media. Facebook, My Space, Linked In and Twitter are [...]
We’ve talked before about the threatening and abusive practices that some credit card debt collection agencies use. This story made abc headlines recently. If you have the stomach for it, the entire video and transcript can be viewed HERE. This time, it was a major creditor who hired this particular debt collection agency. [...]
We’ve written about this before. If you have unpaid credit card debt or other unsecured debt you cannot repay, expect to be pursued. According to the FTC, you can now expect to be harassed. As you may know, when your late payments on a credit card reach a certain time (typically 9-10 months), your creditor [...]
Whether you’ve got credit card debt, medical bills, student loans, or other debt, you’re vulnerable. You’re vulnerable if you default on these debts. If a credit card company, for example, doesn’t get it’s money, they can sue. Recently, state courts have seen a very dramatic increase in debt collection lawsuits. Courts have been ‘jammed to [...]
If you’ve got credit cards, you’ve almost certainly got debt. The two go hand in hand like peanut butter and jelly. If you eventually default on repaying the debt, the original creditor will most likely sell this debt to a 3rd party collection agency. Once the debt collector or agency gets it, they own [...]
