Posts tagged as:

debt buyer

Minnesota Needs Debt Buyer Regulation

March 1, 2010

Minnesota Representative Joe Mullery and Senator Ron Latz recently introduced a bill that would prevent debt buyers from filing a lawsuit without the ability to prove they have the right to collect a debt.
Why the need for the rule? Debt buyers and collectors file tens of thousands of lawsuits against Minnesota consumers every year, and [...]

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More Consumer Rights On the Way?

November 18, 2009

A new report from the Government Accountability Office (GAO) urges legislators to revise the Fair Debt Collection and Practices Act (FDCPA) to give consumers more rights.

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Served By a Debt Collector? What To Do Next

August 4, 2009

Getting served with a lawsuit is one of the more upsetting things that can happen to you. When a process server hands a summons and complaint to you or to someone “of suitable age and discretion” who answers your door, they are dragging you into the legal system.
But really, it is not as bad as [...]

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90% of life (and defending debt buyer lawsuits) is just showing up

March 25, 2009

Although skeptics argue that Woody Allen’s famous observation over-simplifies the path to success, consumers sued by debt buyers will benefit from following Woody’s advice.
Of course, a debt buyer is a business that purchases debt from the original creditor and then sues consumers to collect the debts. Because the debt buyer did not originate the debt, [...]

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Prisoners of Debt

November 8, 2008

Year-old article, but well worth reading. Prisoners of Debt | Business Week

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Consumers in California lose 99% of the time

May 29, 2008

ABC News did a great piece on debt collection, arbitration, and especially the National Arbitration Forum, where consumers in California lose 99% of the time. A former NAF arbitrator says on camera that she was forced to quit for ruling in favor of a consumer one time. Stick around for the great commentary at the [...]

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Debt collection lawsuits in Minnesota and a new VLN clinic to help address the problem

December 4, 2007

The debt collection industry is booming. Unifund, one of the big U.S. debt buyers, files nearly 5,500 lawsuits a year in California. In Minnesota, where pocket filing makes the cost of obtaining a default judgment negligible, I would expect to see similar, if not greater, per capita figures. And, of course, it is not just [...]

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