Are collection debt agencies being more aggressive ?

Filed Under: Collections

Jan 18 · by Next Level Credit

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:

http://finance.yahoo.com/news/Buffalos-debt-collectors-apf-2226423347.html?x=0

Good Credit Score Not Good Enough Anymore: A few years ago, a score of 620 or higher was good enough

http://finance.yahoo.com/banking-budgeting/article/108486/good-credit-score-not-good-enough-anymore?mod=bb-creditreports

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:

http://finance.yahoo.com/banking-budgeting/article/108488/credit-new-fees-escape-card-act-rules-surprise-consumers?mod=bb-creditcards

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Mann Bracken debt collection office closed

Filed Under: Collections

Jan 06 · by Next Level Credit

We are very delighted to post the first article of the new year, new decade regarding junk debt buyer Mann Bracken (again). They are CLOSING in Georgia. This is the headquarters office. Closing – meaning out of business! Bankrupt. All the national offices should fall quickly like dominoes. You can help if you call your AG in your state. The root started here in Georgia so now it is just a matter of time when it will be gone forever.

This has been confirmed with reporters here in Atlanta with this news report.

MB was the largest agency in the US. They got caught. Thanks to Lori Swanson the MN AG exposing this in July. Thanks to ALL the consumers who complained many times to their AG in their state. It gets results. It takes people to get this type of corr*uption shut down. Keep complaining!

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“Taking Your Credit to the Next Level”

worth a thousand words

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