A Debt Collector Came After Me for $8.97
An overdue movie rental turned into a collections ordeal for one woman. Could an $8.97 debt impact your credit score?
debt collectors
Debt Collection Horror Stories
Debt collector horror stories abound: There are threats to dig up the dead relatives of those who couldn't pay their funeral bills, promises to imprison debtors or take their children into custody -- even warnings that pets will be killed. These are some of the latest outrageous allegations of abuse.
Debt Collectors Infiltrate Facebook to Track Down Delinquent Borrowers
Debt collectors have time and again proven to be ruthless in tracking down delinquent borrowers, so perhaps it was only a matter of time before social media became their go-to hunting grounds.
CFPB to Oversee Debt Collectors
Expanding its reach, the government's consumer finance watchdog agency will monitor the day-to-day operations of big debt-collection companies. It is the first time that debt collectors have been subject to federal scrutiny of their routine business practices.
Woman's on the Hook for a $25,000 Student Loan She Never Knew Existed
Alice Cortes had no idea a student loan was issued under her name, and she's never heard of the man listed as a co-signer. So who is Jorge Torres, and how can Cortes resolve her $25,000 debt to Sallie Mae?
8 Signs Your Identity Has Been Compromised
While frequent data breaches may have desensitized some consumers to identity theft, it's still important to pay attention to early warning signs your info is being used illegally.
This Bright-Eyed Young Man Was Utterly Demolished By Student Loans
Even as total outstanding student debt rises to $1 trillion, lawmakers have yet to allow loans to be discharged in bankruptcy. Without an escape clause, these loans can strangle a person. Take 36-year-old Nick Keith, who remains $142,000 eight years after graduating from culinary school.
Abusive Collection Agency Ordered to Halt Operations
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?
Will Debt Collectors Burn Up Your Cell Phone Minutes?
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.
A Lawsuit That Dirty Debt Collectors Should Be Worried About
Federal Circuit Court Judge Denny Chin has ruled that a class action can go forward against a law firm, a process-serving company and a debt-buying company that sues them for being a criminal enterprise under the Racketeer Influenced Corrupt Organization (RICO) law.
