Blog Posts in April, 2015

Third-party debt collectors, also known as debt buyers and zombie creditors (for really old debts) have had to do little in the past to prove that a debt was yours, you owed it, and that it wasn't ...

The Federal Trade Commission reported the top consumer complaints as Identity theft and with debt collection a close second. You can see that report here. The Consumer Financial Bureau Annual Report ...

An article [1] in today's Wall Street Journal exposes a worrisome statistic: 31.5% of Americans encumbered by student loans are at least one month behind on payment. [2] That's a higher delinquency ...

A hot issue in debt-collection litigation is whether debt buyers can charge pre-judgment interest. The answer depends upon the facts of your case, but it seems difficult for debt buyers to argue that ...

Consumers often settle debt-buyer lawsuits without a full understanding of their rights. Often, the settlement agreement contains overbroad release language promising not to sue the debt buyer or its ...

Banks use the "Average Daily Balance Method" to calculate monthly interest. Your monthly average debt amount is multiplied by the APR (Annual Percentage Rate) to arrive at your new balance. ...