Debt Collectors

A Troubling New Tactic by Debt Collectors

Posted on November 16, 2018. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts, Consumer Bankruptcy Attorney, Debt Collectors | Tags: , |

 

Click on the paragraph excerpt below to read about CBS News report on a troubling new tactic being used by debt collectors.  If you are suffering from debt collectors contacting you,  Bankruptcy can help. Give us a call today to schedule a free, no obligation  appointment to review your options.

“Overstating a debtor’s balance — also called “overbiffing” — is the latest outrage in unfair debt collection.

In a recent case, regulators allege a New York debt collector may have tricked thousands of consumers into paying far more than they actually owed by fraudulently inflating consumer balances and using profane, abusive and illegal tactics to collect the fabricated bills. The term is called “overbiffing” because the scammers overstate a person’s “balance in full,” which is sometimes shortened to BIF.”

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Credit Counseling, Debt Consolidation or Bankruptcy?

Posted on April 6, 2016. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts, Consumer Bankruptcy Attorney, Debt Collectors, Reorganization of Debts | Tags: , , |

 

Are you considering debt relief through an online consumer credit counseling  or debt consolidation service ?  You may be surprised to learn that they can do more harm than good to your credit.  Most times, bankruptcy is a better option, and many attorneys will be happy to sit down with you for a free consultation and thoroughly discuss your personal financial situation in order to help you decide what is the best solution for your financial problems.  In analyzing your particular situation, it’s always important to consider if there is an alternative to filing bankruptcy.

The decision to file bankruptcy is a difficult choice for folks to make.  A bankruptcy will affect, in some fashion, your future credit.  Bankruptcy, though,  does not totally destroy your ability to get credit in the future and can impact it much less than continued delinquencies on your credit report.  The decision to file bankruptcy must be carefully made in consultation with an attorney.

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Looking at Your Bills ?

Posted on January 27, 2015. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts, Consumer Bankruptcy Attorney, Debt Collectors, Reorganization of Debts | Tags: , , , , , |

If you are looking at your debt today and feel that it is a burden to your life, give us a call here at Rogers Law Consumer Help Center and we will be happy to schedule you a free, no obligation appointment to meet with you and discuss your options for resolving these issues. You are not alone. We are here to help and are ready to put our many years of experience to work for you. John Rogers, Attorney at Law is Board Certified in Consumer Bankruptcy Law by the American Board of Certification. Give us a call today at 1-888-651-9353

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Happy Halloween ! … beware of Zombie Debt Collectors !

Posted on October 31, 2013. Filed under: Consumer Alerts, Debt Collectors | Tags: , , |

zombie 2

The collection of old debt that has past the statute of limitations for legal collection by law through collection letters, calls or lawsuits has often been called zombie debt.

It is called that because the unsuspecting debtor that may have owed the debt at one time, feels like the debt is “buried and gone” and can no longer be collected on because of the age of the debt.

Often, unscrupulous debt collectors will still harass or file lawsuits against unsuspecting folks and try to intimidate them into paying the debt, that by law they are NOT allowed to collect on.

A television station in Indiana has done a recent news story on this type of debt and what to watch for,click below for the story:

Zombie debt
collection
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If you suspect that you may have have a debt collector or attorney attempting to collect a debt like this from you, talk to a lawyer immediately !

photo credit: Mark Lobo . via photopin cc

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Getting The Runaround on Complaints ? Consumer Finanancial Protection Bureau New Online Complaint Form !

Posted on September 9, 2013. Filed under: Consumer Alerts, Debt Collectors | Tags: , |

complaints

The Consumer Financial Protection Bureau continues to innovate and offer new ways to really help consumers.

They now offer an online complaint form to file complaints regarding consumers experiences with banks and other financial companies.

Having a dispute with a credit card company over their fees ? Click here !

Can’t get help with a student loan company on loan consolidation or forbearance or forgiveness ? Click here !

Your mortgage company giving you the runaround on loan modification ? Click here !

A debt collection agency harassing you illegally ? Click here !

Wired money to a creditor and the money never showed up and the company that wired the money won’t give you answers ? Click here !

photo credit: sylvar via photopin cc

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I thought creditors would stop contacting me when I file Chapter 13 ? What do I do if they don’t ?

Posted on July 31, 2013. Filed under: Chapter 13 Bankruptcy, Debt Collectors | Tags: , , |

petition 4

The filing of your bankruptcy papers operate to automatically stop any collection efforts once the creditor is notified. Most legitimate creditors know about this and will respect that legal
requirement. It usually takes about 30 days for a creditor to get officially notified. Occasionally, however, some creditors may not get the word or may just try to muscle their way in for more money than they are allowed to receive. If you are contacted, first check to be sure that creditor has been listed on your bankruptcy papers. If they weren’t listed, see your attorney about adding them to your bankruptcy. If they were listed, still contact your attorney.

REMEMBER: You do not have to discuss the matter with a creditor who might contact you even after they were listed. Maybe they just don’t know about it yet. It is best to simply tell them you are in Chapter 13, give them your case number and attorney’s name. Then politely tell them not to call you again. If they persist, tell them they are in violation of a court order and you want them to stop. Be sure to keep a record and forward it to your attorney.

John Rogers, Kentucky Bankruptcy Attorney

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Seven Famous People Who Survived Bankruptcy

Posted on June 19, 2013. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Bankruptcy Attorney, Debt Collectors | Tags: |

“As the economy continues to look grim, the word “bankruptcy” is on the tips of more and more tongues. While being unable to pay one’s creditors is never a good situation for a company or an individual, it may not be the financial kiss of death that you might think. (Just ask Donald Trump, whose casinos have gone bankrupt twice.)”

read full CNN article here

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Thinking about a Payday Loan: Watch These Videos First !

Posted on June 14, 2013. Filed under: Consumer Alerts, Debt Collectors, Reorganization of Debts | Tags: |

Payday loans may seem like a solution to your financial issues… but before you go that route, watch these videos to see how they work. Be wary !

Kentucky Bankruptcy Attorney John Rogers, Board Certified-Consumer Bankruptcy Law-American Board of Certification

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What should a debtor do if a creditor does demand payment of a debt that is listed in the bankruptcy schedules?

Posted on June 10, 2013. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Debt Collectors | Tags: |

If a creditor who is listed in the debtor’s schedules attempts in any way to collect a scheduled debt, the debtor should inform the creditor that a bankruptcy case has been filed and request that the creditor stop the collection efforts. If the debtor is represented by an attorney, the debtor should give the attorney’s name and telephone number to the creditor. If the debtor is not represented by an attorney, the debtor should give the creditor additional information about the case—the date of filing, the court in which the case was filed, and the case number. If improper collection action continues, the debtor should consult with an attorney to consider further action.

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Law Firms That Do Debt Collection Also Subject to New Rules

Posted on October 25, 2012. Filed under: Debt Collectors |

Lawyerist.com has a new post up about the CFPB’s new rules on debt collection and their applicability to attorneys:

“Today the Consumer Financial Protection Bureau issued its final rule on oversight of the debt collection industry [PDF], which includes debt collection lawyers. The rule takes effect on January 2, 2013, and according to the CFPB it provides authority for the oversight of “any firm that has more than $10 million in annual receipts from consumer debt collection activities.”

click here to read the full blog post

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