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It is common practice for debt collectors to submit FALSE affidavits to the courts because most consumers do not appear in court and the debt buyers get default judgments. Most judges cheerfully sign the default judgments to clear the dockets. The courts love the money (filing fees) and NO work. Incredibly, nobody ever goes to [...]
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Filed under: collection, litigation
Linda Almonte recently posted her comment at my previous post about her lawsuit against Chase. This is NOT a collection suit, but she claims that was fired by Chase because she refused to assist with the sale of judgments with unconfirmed balances. Chase removed the case from TX state court to federal court. I suppose [...]
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Filed under: Almonte v Chase, collection, litigation
It’s good to see the AARP take a stand against abusive and unfair collection practices. The collection industry is “concerned.” A Powerful Group Aligns Against the ARM Industry Posted by Patrick Lunsford insideARM.com on June 22, 2010 Last week, we ran a press release under the headline “NY Statewide Coalition Urges Legislature to Curb ARM [...]
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Filed under: collection, litigation, Lobbying
It is sad to see the MN Star Tribune publish this vile “counterpoint” by Rozanne M. Andersen, CEO of the ACA International, the primary organization of debt collectors. Counterpoint: Avoid jail by paying off debts Last update: June 19, 2010 – 9:14 PM Over the past two Sundays, the Star Tribune has recounted horror stories [...]
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Filed under: collection, litigation
Cavalry is a notorious debt buyer infamous for disregarding the Fair Debt Collection Practices Act and Fair Credit Reporting Act. Attorney General McGraw Sues Four Unlicensed Collection Agencies; NY Companies Failed to Comply with Subponea CHARLESTON – Today, West Virginia Attorney General Darrell McGraw’s Consumer Protection Division filed two lawsuits against four collection agencies headquartered [...]
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Filed under: collection, litigation, Regulators
A very interesting summary of litigation and regulatory actions against Credit Collections Defense Network (CCDN) and attorney Robert Lock is in the Chicago Chronicle (article below). WV AG McGraw complaint and exhibits: WV AG McGraw sues CCDN (FDRS credit repair and litigation) I didn’t know that Capital One sued CCDN and others in 2008 and [...]
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Filed under: Debt Settlement, litigation, Regulators, Scam
I’m somewhat familiar with the Credit Collections Defense Network (CCDN) because FDRS referred some of their clients to them for credit repair. I’ve read some incredible horror stories, people first getting scammed by FDRS and then by CCDN. Some choice excerpts from the complaint are at the CCDN Scam blog: West Virginia sues Robert K [...]
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Filed under: litigation, Scam
According to several articles, notorious debt buyer Midland Funding sued Chrystal A. Snow for an alleged debt and she filed a counter claim for harassment phone calls. The jury awarded $8 million in punitive damages LAST YEAR in Dallas County Court-at-Law No. 4, case number 08-05810-D. Snow’s attorney was Ross Teter and I’d sure like [...]
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Filed under: litigation
According to the InsideARM article posted below, former assistant vice president Linda Amonte alleges that Chase had about 5,000 accounts with incorrect balances and did not have the court documentation for some 11,000 accounts with judgments that the bank said it had, misrepresenting those accounts to potential debt buyers. This is NOT the first time [...]
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Filed under: Almonte v Chase, litigation
