debtcollection

As if the recession, high unemployment and home foreclosures isn't giving them enough business, debt collectors are finding new clients in the deceased. Actually, it's the survivors of the dead. And while they don't have a legal obligation to assume the debt, they sometimes do out of respect for...

With all the trouble that people are having paying their bills, you might think that this would be a boom time for debt collectors -- those shameless mercenaries charged with harassing deadbeat credit cardholders.But it isn't. Although delinquencies are up and there are tons of accounts for...

I'm all for the government cracking down on collecting child support payments, and taking the money directly out of IRS payment seems like a winning plan. But the $2 billion that the government has collected so far isn't all from deadbeat dads. I, for instance, am part of the 39% of those who had...

Debt collectors have decided that they want you to like them, they really do. The Association of Credit and Collection Professionals, the industry's trade group, has taken to referring to debtors as their agency's "customers." I'm all for euphemisms, but isn't that kind of like referring to inmates...

This is one of those stories that you have to read twice to fully comprehend. On the first pass, you might find yourself saying "no way!" And then on the second pass you realize it is (sadly) true.Delores Maddux had a credit card with CitiFinancial, and her account was eventually sold to Merchants...