Sentences with phrase «for debt collection lawsuits»

Not exact matches

California's attorney general filed a lawsuit against the schools and its subsidiaries (Heald, Everest College, and WyoTech) in 2013 for a predatory scheme targeting low - income students, and the schools were accused of falsely advertising programs that didn't exist, misleading students about their credits transferring to Cal State, and engaging in illegal debt collection practices.

Perhaps bankruptcy is the best course of action for you — it will stop a collection lawsuit and protect your important assets while permanently wiping out your unsecured debts.

A bank or the collection agency it hires may still file a lawsuit against a consumer for a bank account debt beyond the statute of limitations.

The automatic stay, applicable to all types of bankruptcy filings, means that the mere request for bankruptcy protection automatically stops and brings to a cessation certain lawsuits, foreclosures, utility shut - offs, evictions, repossessions, garnishments, attachments, and debt collection harassment.

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.

Some advantages bankruptcy protection might offer a bankrupt debtor is that you can obtain an automatic stay which means the mere request for bankruptcy protection automatically stops and brings to a cessation certain lawsuits, foreclosures, utility shut - offs, evictions, repossessions, garnishments, attachments, and debt collection harassment, filing might save your home, you can reschedule secured debts, you can receive protection for co-debtors you can keep all non-exempt property, you can consolidate all your loans under one plan, all or part of your loans may be completely forgiven, and you can extend certain tax obligations, student loans, or other such qualifying debts.

First, they start threatening consumers with collection activities; however, once they see that the threats do not have any effect, they have an option to try to collect through the means of expensive and lengthy lawsuits or to settle the debt for less.

If a borrower breaks the promise to pay, the recourse for an unsecured debt may be problematic for both the lender and the borrower as it can involve collection, lawsuit or the seizing of personal property.

Let us assume you live in Texas, you have not yet filed for bankruptcy, you just got a new job for the first time in three years, you owe a credit union money for an unsecured loan of $ 7,500, you owe over $ 75,000 in credit card debt, a collection agency is currently threatening a lawsuit against you, you have student loan payments due that are incurring interest, and you have back taxes due.

The primary consumer protection problem areas that have given rise to the States» actions include: (1) unsubstantiated claims of consumer savings; (2) deceptive representations about the length of time necessary to complete a debt relief program; (3) misleading or failing to adequately inform consumers that they will be subject to continued collection efforts, including lawsuits, and that their account balances will increase due to extended nonpayment under the program; (4) deceptive disparagement of consumer credit counseling; (5) deceptive disparagement of bankruptcy as an alternative for debtors; (6) lack of screening and analysis to determine suitability of debt relief programs for individual debtors; (7) the collection of substantial up - front fees so the debt relief company gains even if it fails to perform; (8) lack of transparency and information for consumers as to payment of fees, status of accounts, and communications with creditors; (9) significant delays in active negotiation or engagement with creditors, coupled with prohibitions on direct consumer communications with creditors; and (10), in the case of debt settlement companies, basing savings claims (and settlement fees) not on the original account balance, but on the inflated amount due (including late fees and default rates of interest) at the time of settlement.

The senior has filed a lawsuit against the debt collection agency in order to recover her hospital bill and $ 250,000 in punitive damages for the harassment of her by the collection agent.

So all you'll get is a bunch of trade lines saying, «NCO Collections» or «Portfolio Associate Collections» and you don't know if that's for medical debt or not, so a lot of medical debt shows up on credit reports and that hurts both credit and apparently employment because half of employers that deny job offers based on credit checks have denied it on debt collection, 25 percent of which they also get public records because we know that employers deny job offers based on both lawsuits filed and bankruptcy.

The healthcare industry is the single biggest customer of the debt collection industry, constituting 42 % of the collection market, versus only 29 % for the banking & finance sector.34 One stunning statistic from a 2003 Federal Reserve study is that over half of accounts reported by debt collectors and nearly one - fifth of lawsuits that show up as negative items on credit reports are for medical debts.35 Moreover, often medical debts are sent to debt collectors for reasons completely out of the consumer's control, such as disputes between insurance companies and providers, or even the result of the provider's failure to properly bill the insurer.

A student loan lawyer can help determine whether you have a reason to file a lawsuit against a collector for violation of federal or state debt collection laws.

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

«Chase also made calculation errors when filing debt collection lawsuits that sometimes resulted in judgments against consumers for incorrect amounts.

My potential client inquiries (for cases I can take) are probably about 85 % involving a debt collection lawsuit and about 15 % involving harassment by a debt collector.

In spite of the increase in debt lawsuits, they account for just a tiny fraction of the 1 billion collection matters handled annually, the story says.

This past year, 158 lawsuits were filed against collection agencies and credit bureaus for violations of the Fair Debt Collection Practices Act, up from a scant 40 suits filed the year before.

Additionally, Lorelei has helped forge positive business resolutions of complex matters, including a long - standing dispute and litigation between a Palm Beach County hospital and a group of physicians who held a ground lease on hospital property and provided services at the hospital; a long - standing lawsuit between two groups of physicians over the breakup of their practice group; a prominent sports figure's multimillion dispute over a license agreement; a sports broadcaster's claims against a video company for unauthorized use of his name and likeness; and class actions involving consumer debt collection services.

When defending against collection lawsuits, Rob looks for FDCPA violations to turn the tables on the debt collector.