Some bankruptcy and debt collector stories seem a bit over the top. This one is way over the top. But it’s also a good example of the lengths that debt collectors will go to. An Erie, PA-based debt collection agency set up its office to look like a courtroom and held fake hearings. All in …
Are debt collectors as bad as you think they are? Martha C. White of WalletPop.com has a great article about a Wall Street Journal reporter who spent time working for a debt collection agency to see what really goes on. And Fred Williams learned that, yes, it’s pretty much that bad. He’s documented his experiences …
If you listen to the collections industry, credit card companies have started employing a lighter touch when it comes to debt collection. An article on CollectionsAndCreditRisk.com says that this strategy is an attempt by the credit card industry to mitigate its losses. However, based on everything I hear from my clients, such genteel behavior by …
Credit Card Debt Collectors: Honey? Or more vinegar? Read More »
Most New Yorkers’ interactions with a debt collector involve incessant calling, perhaps yelling and verbal abuse and in some cases threats and outright lying (which, for the record, is illegal). Today, however, NPR’s affiliate WNYC has a story where they actually talk to a young gentleman who works for a third-party debt collection company and …
I’m in no way advocating comedian Tim Clue’s tongue-in-cheek approach to credit cards and debt collectors. But it is nice to see a humorous take on the subject and an acknowledgment that this is an issue that people deal with every day. [youtube=http://www.youtube.com/watch?v=I5bbvMR8Ee4&feature=player_embedded] If you’re facing problems with credit card debt and bill collectors, please …
Sign of the times: Stand-up comedy on credit card debt and debt collectors Read More »
Recently in the news, New York Attorney General Andrew Cuomo filed a lawsuit to shut down a New York-based debt collection agency that has been blatantly harrassing people. If you live in New York and are being called by debt collection agencies at all hours of day and night or at work, or if you …
Dealing with debt collector harassment in New York Read More »
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