Posts Tagged ‘debt buyers’
Debt buyers upset that they might actually have to tell consumers their debt has been sold
The Massachussetts House of Representatives is considering a bill that would require debt buyers to notify consumers when the debt buyer purchases the consumer’s debt. The bill would require the notice to contain
the dollar amount of the debt;
the original creditor;
the date on which the debt purchaser bought the debt; and
the interest rate and penalty charges [...]
DIY law: respond to your debt buyer lawsuit with forms
Wen you have been sued, the most important thing is to answer the complaint. An answer is not a phone call or a letter, it is a formal response to the formal complaint. This is especially important in debt buyer lawsuits, and especially in Minnesota, where pocket service and prejudgment garnishment give debt collectors the [...]
Nationwide Collections admits violating the FDCPA
ABC News blog, The Blotter, picked up on my post about the “Dear SHIT FACE” letter sent by Nationwide Collections. Blotter blogger Joseph Rhee apparently called up Nationwide Collections and spoke with its President, Phil McGarvey, who said:
The president of Nationwide Collections, Phil McGarvey, told the Blotter on ABCNews.com that the account in question contained [...]
Nationwide Collections addresses letter to “SHIT FACE”
Nationwide Collections, attempting to collect a debt of $16.39 that originated with Columbia House, addressed a collection letter to “SHIT FACE” and began with the salutation “Dear SHIT”. I’m not kidding. Here is a copy of the letter (PDF link).
The consumer who received the letter signed an affirmation stating he never used the words “shit [...]
Debt collector tells debt buyers not to sue
Debt collection attorney Gary Nitzkin in Michigan says “[m]y best advice to debt buyers . . . DON’T DO IT.” Don’t sue, in other words. Why? Pretty much for the reasons I have addressed here, plus a few more:
Debt buyers don’t have the documentation they need to prove their case;
Other collection agencies already failed to [...]
Forms: answer & discovery requests in a debt buyer lawsuit
Now available for public consumption in Minnesota is a set of forms for use in debt buyer lawsuits. While these forms will not be appropriate for every debt buyer lawsuit, they should help consumers answer the generic complaints used by most debt collection law firms in Minnesota.
Right now, debt collection law firms are “default mills.” [...]
Definitions: “debt buyer” and “debt buyer lawsuit”
A debt buyer is a person or company that owns a consumer debt but is not the original creditor. A debt buyer lawsuit is a lawsuit brought by a debt buyer to collect a consumer debt from a consumer.
