Sentences with phrase «debt buyer lawsuits»

Sam Glover: Yeah, and I think we can do better than that and you'll hear about how Brad does it but maybe another example is the way I used to use my website which maybe people are tired of hearing about now but I let people download a free answer and discovery request to debt buyer lawsuits from my website.

Consumers frequently ignore debt buyer lawsuits for any number of reasons: they don't recognize the company, they think they paid it off, or they think the lawsuit is fake.

I help consumers fight these cases and depending on the facts of your case, you may be able to get the debt buyer lawsuit dismissed, or settled for significantly less than the amount requested.

When the usual result of a debt buyer lawsuit is a deprivation of property, courts should endeavor to make sure it doesn't happen unless the debt buyer has shown some right to that property.

Not exact matches

«The debt buyers find it very lucrative to file a lot of lawsuits at once, without doing a lot of work,» said Margo Saunders, staff attorney with the National Consumer Law Center.

The CFPB alleges that the firm operates like a factory, producing hundreds of thousands of debt collection lawsuits against consumers on behalf of its clients, which mainly include banks, debt buyers, and major credit card issuers.

My debt validation letter alerts collection attorneys for junk debt buyers to the demands for documents that will be made by a consumer should they make the mistake of paying the fee to file a lawsuit against that consumer.

Once the original creditor's debt claim goes through an unsuccessful lawsuit, there is an increased chance it will be sold to a junk debt buyer for pennies on the dollar.

The credit card banks are doing this because in recent years junk debt buyers (JDBs) took to blanketing consumers who had long overdue credit card debt with lawsuits.

As reported in the Wall Street Journal, the country's largest junk debt buyer and parent of Midland Credit Management, Encore Capital Group, had a business plan of not pursuing any credit card lawsuit filed on its behalf that was answered.

Creditor harassment and abuse immediately terminates, State and Federal Laws are immediately invoked, and lawsuits and counter lawsuits are filed from our quiver of offensive maneuvers to protect your rights that creditors and debt buyers do not want you to know about.

Frequently, consumers sued by debt buyers ignore the lawsuits, which results in a default judgment.

Filed Under: Consumer Rights Tagged With: credit cards, debt buyer, debt buyer defense, debt collection, debt collection lawsuit, debt collector

In fact, debt buyer Asset Acceptance paid $ 2.5 million dollars to settle a FTC lawsuit, which alleged that Asset Acceptance failed to tell consumers that certain debts were too old to be legally enforceable.

Just one debt buyer — Midland Funding — has filed over 15,000 debt collection lawsuits in the last three years.

Considering the low likelihood that such bad debt will ever be repaid, debt buyers make their money by taking over these obligations for a fraction of their face value and aggressively going after consumers for payment using letters, calls and lawsuits.

Filed Under: Consumer Rights Tagged With: collection letter, debt buyer, debt collection law firm, debt collection lawsuit, debt collector

There were more than 528,000 debt collection lawsuits and more than 150,000 sworn statements to debt buyers for collection lawsuits.

The first is an individual that has just been served with a debt collection lawsuit by a third party debt - buyer such as Asset Acceptance, Unifund CCR Partners, or LVNV Funding and needs help defending themselves.

About two - thirds of my practice is dedicated to consumer bankruptcy and the remaining third is devoted to representing defendants in debt - buyer collection lawsuits.

In a recent study the Federal Trade Commission (FTC) found that junk debt buyers pay on average 4 cents on the dollar for the debts they file lawsuits on.