DebtCollectors
| 3:20PM 10/26/2011
As part of its effort to crack down on scams that target Americans in financial distress, the FTC has sued more than 30 debt collection companies. On Wednesday, another one, Rincon Debt Management made the list and was shut down. Do you know your rights against abusive debt collectors?
| 8:00AM 9/27/2011
Hundreds of thousands of borrowers who are behind on their federal student loans could soon receive some unwanted -- and expensive -- attention. A provision in President Obama's deficit reduction plan would allow debt collectors to chase down delinquent borrowers on their cell phones.
| 5:00PM 3/23/2011
A recent scam caller claiming a company called "Recovery Services" has an unclaimed Christmas package it wants to deliver demonstrates how creative scammers can get when trying to con you out of important personal information -- a home address, in this case.
The caller, speaking from an...
| 6:00PM 2/08/2010
We told you about the debt collection hassles endured by people shouldering a large amount of credit-card debt. Then we invited debt collectors to tell their side of the story. Both sides had a lot to say about just what goes on in the debt collection industry, but one assertion -- by the head of a...
| 5:20PM 1/29/2010
Not long ago, we shared the experiences of several Americans who had climbed their way out of deep debts. Their tales touched a nerve with readers who shared their own harrowing stories of their experiences with debt collectors. Some of these agents treated their debtors professionally; others,...
| 6:00AM 11/02/2009
With more than $40,000 in credit card debt and more than 20 credit cards to her name, Diana Ryan didn't think she had a problem -- even though her husband had no idea just how many pieces of plastic she had tucked in her wallet. "It sounds cliche," Ryan says, "but I thought I could stop at any...
| 2:00PM 9/17/2009
Florida law firm Morgan and Morgan filed a first-of-its-kind lawsuit alleging that a company's collection calls were so frequent and harassing that they contributed to a person's death because they increased Stanley McLeod's blood pressure and stress levels. McLeod's debt problems stemmed from...
| 2:00PM 8/19/2009
New York Attorney General Andrew Cuomo (pictured at right) has sued Benning-Smith Group, a debt collection agency operating under a number of different names, accusing the company of more than 1,000 violations of New York and federal law in his state alone. From the press release announcing the...
| 4:00PM 5/05/2009
Forget knives and handguns, slingshots and the atom bomb; the world's most dangerous weapon is still the human libido. As far back as Homer's Odyssey and the Old Testament, lust was the go-to weapon when arrows and armies failed. Even today, Sirens can still draw men to wreck their boats and...
| 12:00PM 5/02/2009
Last year, Jennifer Dicks bought a Chevy Cavalier, she says, from a company that promised a 100% approval rate on auto loans. Then times got tougher, and now she's checking her pots for bunny stew.In January, after she fell two months behind on payments, her car was repossessed despite the fact she...