There is much activity going on in the collection industry. Between Mann Bracken, Hanna, NCO, Buffalo and credit card scores, we are busy tracking all the news.
We have posted some articles below which we feel all are important and current for the consumer to be informed.
We urge, you the consumer, to not assume anything when it comes to the collection agencies attempting to collect from you. Do not settle with any collection agency unless that CA can substantially validate the alleged debt. Why would you pay anyone a dime based on a phone call? Even IF the collection agency sends you “documentation”, QUESTION that as well.
As one “Goliath” falls, more collection agencies are taking advantage of the consumers and the down economy. The FTC and more Attorney General offices are starting to investigate the business practices and change is ‘a comin’ !
FTC investigates CLOSED Mann Bracken (bk?) and Fred Hanna
Debt collection capital of the US
As the sour economy leaves people less and less able to pay their debts, the collection abuses have become so flagrant and numerous that state and federal authorities have moved to shut down several Buffalo-area agencies where the most heartless and bullying telephone calls originated. At least 20 people have been sued or arrested on criminal charges. Read more below:
Good Credit Score Not Good Enough Anymore: A few years ago, a score of 620 or higher was good enough
New report highlights ways issuers have gotten around new law
While the Credit CARD Act of 2009 puts an end to abusive tactics card issuers have long used to boost their profits, consumers need only to look at their card statements to know there’s no reason to celebrate. Read more below:
NEXT LEVEL CREDIT
“Taking Your Credit to the Next Level”
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