Remove Consumer Credit Remove Debtor Remove Judgment
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New Laws Proposed, Passed, and Ready to Go Into Effect

Account Recovery

Gretchen Whitmer, introduces substantial changes to how creditors can collect debts and what assets debtors can protect. Supporters, including Representative Kara Hope, argue these updates are necessary to prevent financial devastation while allowing debtors to maintain basic living standards and continue paying their daily expenses.

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Compliance Digest – December 30

Account Recovery

A pro se consumer had managed to get a 3-judge panel of the Court of Appeals to reverse (in a 2-1 decision) lower court rulings finding that PRA had established its standing to sue and its ownership of the debtors account in the underlying collection action, and judgment in its favor on the debt.

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S2632 Creates Changes in Confessions of Judgment Rules Related to Financial Services

FFGN COLLECT NY

Confessions of judgment may no longer be permitted as part of the necessary documents when buying or selling financial services or products to consumers in New York. Senate bill S2632 is another overt action taken by New York state to limit the entry of judgments without due process to the borrower or debtor.

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Dealing with Debt Collectors

Debt Free Colorado

What can debtor collectors do to you under the FDCPA: Contact other people to find out where you live, your current telephone number, or where you work, but they can’t contact anyone more than once or tell anyone you owe a debt. What is Colorado Uniform Consumer Credit Code (Colorado UCCC). Repeatedly call you.

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Is the Increase in the Monetary Limit in the Civil Courts Good for Creditors?

FFGN COLLECT NY

For example, the initial fee for an index number in the supreme court is $210 whereas it is $45 for commercial claims and $140 for consumer credit transactions in civil court. Take for example New York Civil (Manhattan), where creditors who waited nine months for judgments pre-pandemic now find themselves with an 18-24 month wait.

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You’re in Debt: 9 Terms to Know

The Kaplan Group

You can learn more about FDCPA in our advice to consumer debtors. Credit Counselor. A credit counselor is certified and trained in consumer credit, money and debt management, and budgeting. In our opinion, credit counselors generally do a much better job for both clients and their creditors.

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Scary! Medical Debt Collection Horror Stories!

National Service Bureau

As a medical debt collection agency, the CFPB asserted oversight because SOS had violated both the FDCPA and FCRA by not sending debt validation notices and mishandling consumer credit report complaints. Also in June 2015, the Pennsylvania Attorney General filed suit against Hamilton Law Group and its president, James Havassy.