According to an article in the Star-Telegram, American Corrective Counseling Services, a debt collection company has agreed to a $2.55 million judgment to settle a lawsuit brought by thousands of debtors who claimed they were wrongly led to believe they had to pay costly fees to avoid criminal charges for bouncing checks.
The article said:
“The company [...]

In the bankruptcy case of Phillips, James T. and Shelly M.; In re (Whitney National Bank v. Phillips), the bankruptcy court ruled that the debtors could not pursue their claim against the lender because the claim arose before they filed for bankruptcy and had not been abandoned by the bankruptcy trustee.
The details of the bankruptcy [...]

There be sharks out there…and they’re called debt collectors!  As the economy gets tougher and more people default on their credit cards, mortgage loans and other debt obligations, more debt collectors are crossing the line and engaging in illegal debt collection practices. If you are considering bankruptcy and have faced illegal collection actions by creditors, [...]

No one likes to owe money.  Most people don’t plan on falling behind on their bills.  Then… to add insult to the financial injury, a debt collector with an attitude calls you.  Their job is plain and simple…to get you to pay.  Some collector’s though have the belief that their job is to get [...]