Lori Swanson, Minnesota AG does it again. She is on the warpath in our humble opinion. This article is regarding collections and lawsuits from junk debt buyers.

Legislation set to be introduced in Minnesota later this month would ban the practice known as “re-aging” delinquent accounts, making it more difficult for debt buyers to collect debts – particularly in cases where the amounts owed cannot be verified.

The bill would require debt buyers filing collection lawsuits to produce documents that prove the borrowers being sued actually owe the debts. That paperwork includes a copy of the contract or written evidence of the original debt, an affidavit stating the date and amount of last payment and written proof that the collection company does, indeed, own the account.

Failure to do so could result in fines reaching $2,500 per violation – and consumers would have the right to sue for damages. The Minneapolis Star Tribune published a story about the proposed legislation in Tuesday’s edition. Read more here: ARTICLE

Highest debt buyers 2007 rankings according to revenues (in thousands)…

1 Sherman Financial Group $1,250,000
2 Unifund 375,000
3 Asset Acceptance Capital Corp. 344,100
4 FirstCity Financial Corp. 310,000
5 Encore Capital Group Inc. 255,140
6 Aktiv Kapital Group1 240,684
7 NCO Portfolio Management 186,963
8 Portfolio Recovery Associates Inc. 163,357
9 1st Credit Ltd.2 107,546
10 ASTA Funding Inc.3 101,979
11 Intrum Justitia Group 59,000
12 Lowell Group 56,000
13 New Century Financial Services Inc. 47,000
14 Professional Recovery Systems LLC 35,000
15 RJM Acquisitions LLC 32,000
16 Resurgence Financial LLC 23,000
17 The Sagres Company 12,500
18 Streamline Capital Partners LLC 1,850

NEXT LEVEL CREDIT

“Taking Your Credit to the Next Level”

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At NEXT LEVEL CREDIT, we believe in “Taking Your Credit to the Next Level”

We teach you why eliminating collection debt is going to change how you think about money and why this may be your simple solution to being debt free.

Most consumers are freaked out by collection agencies. Collection agencies want immediate payment. They threaten to sue. Collection agencies call you, your job, your place of business and members of your family.

Here are the facts: You may NOT have to pay the collection agency. They have no right to threaten and that is a violation of the FDCPA which means you can sue that debt collector. All calls and letters should stop until they have proof that you actually owe them money.

Most consumers believe the collection agencies. Collection agencies use words that confuse the consumer. They convince you to pay because it sounds legitimate. Collection agencies convince you they have your information.

Here are the facts: Big words are a scare tactic. Just because it looks and sounds legitimate, doesn’t mean it is. They have very limited information about you that sounds as if they have your whole life history on file. Not true.

Do you need:

• First hand personal experience of eliminating collection debt
• Timely communication with you
• Proven methods that are effective
• Confidentiality and Privacy
• Consistent updates with you
• Immediate processing of your file
• Education to de-mystify the debt collection industry
• Affordability for our services
• 15 MINUTE ANALYSIS FOR YOUR SITUATION

Do you want to:

• RESTORE YOUR PEACE OF MIND
• SAVE VALUABLE TIME
• LOWER YOUR PERSONAL STRESS LEVEL

So my question to you is this:

Do you really want to pay that collection agency ? Do you know your rights ?

KNOW THE TRUTH ABOUT THE COLLECTION INDUSTRY

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Oliphant Financial, Florida
Diversified Collection Services, California
Receivable Performance Management
Western New York Capital
Pro Debt Mediation, Florida
International Judgment Services
Profile Recovery Group
Rubin & Yates
Diaz & Associates, California
MIG Capital
GVA
Thomas Thomas & Wichterman, Utah
Financial Management Services, Illinois
AmeriCol, California
Norfolk Financial Group, Mass
Cardwork Services
R S Clark & Associates, Texas
Goldman & Warshaw, Pa
Federal Bureau of Unsecured Loans
Stock and Grimes
Conserve
Jacob Law Group
Federal Credit Corp, Texas
National Revenue Corporation
Stellar Recovery
Brewers, Michael & Kane, New York
Credit Bureau of Harve
Bureau of Collection Recovery, MN
PNV Capital, Texas
Valentine & Kabartas
Abrams, Russo and Harrington, Ohio

Reagin Law Group, P.C. for RPR Holdings, Inc. Atlanta, GA 
Roy D. Reagin, Jr. was an associate for the notorious Fredrick J. Hanna. He(and maybe Fred) have started a new agency: RPR Holdings, Inc. assignee of Chase Bank. Reagin Law Group, P..C. P.O. Box 502287 Atlanta, GA 31150 Phone-770-649-1000. Another member of this firm is: Panton Patrick Pou.
 
Independence Receivables Corporation Green & Cooper Attorneys LLP
615 Colonial Park Drive Suit 104 PO Box 1635 Roswell, Ga 30075
GREENE & COOPER ATTORNEYS LLP C/O KERRY B. MILLS “ATTORNEY”
“INDEPENDENCE RECEIVABLES CORPORATION” 615 COLONIAL PARK DRIVE SUITE 104
PO BOX 1635 ROSWELL, GEORGIA 30075

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FTC investigates CLOSED Mann Bracken (bk?) and Fred Hanna

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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“Taking Your Credit to the Next Level”

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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!

NEXT LEVEL CREDIT

“Taking Your Credit to the Next Level”

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Cavalry Portfolio Services is definitely a junk debt buyer. They have offices in Phoenix, New York, St Paul and Tulsa.

Cavalry will attempt to collect on all types of alleged accounts including Ford, MBNA, Sprint, bks, and SOL.

Here is a recent excerpt about Cavalry Portfolio Services SINCE the NAF scandal hit in July 2009:

“Bud Hibbs site – Dated Sept 2009: Daren Eccles claims to be a Legal Administrator working for Cavalry Portfolio Services, LLC doing recovery for Cavalry SPV I, LLC and of Cavalry Portfolio Services, LLC. Daren’s job is to fill out those papers where they swear under penalty of perjury to the truthfulness of their lies.

Daren Eccles appears to be another one of those clairvoyant liars who can attest to facts that he reads from a computer screen, then swear under oath that what he read is true and correct. Daren surely is aware that lying on a court document is perjury and perjury can mean jail time in most cases.

Darren’s ability to swear to lies under oath is only the tip of the Cavalry problem and here why:
In their filings, Cavalry appears to be using the same old worn out, agreement that was copied thousands of times by Mann Bracken and others on MBNA accounts used in bogus Arbitration claims through the National Arbitration Forum.

The problem is that in August, the NAF imploded after the MN Attorney General found out that they were 40% owned by Mann Bracken, America’s most notorious debt collectors.

Here comes Cavalry, trying to pick the last remaining morsels of dead meat from the carcasses of these decaying debts. They hire Daren Eccles, tell him to dummy up a bunch of phony affidavits, and then hire some lawyers who appear so desperate for income, that they file lawsuits, in courts, on debts that just two months ago, could only be handled by Arbitration.”

FEEL FREE TO COMMENT BELOW ABOUT YOUR EXPERIENCE GOOD OR BAD WITH CAVALRY PORTFOLIO SERVICES.

If you are being contact by Cavalry, or ANY collector, contact our office for your analysis.

NEXT LEVEL CREDIT
“Taking Your Credit to the Next Level”

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This is a special time of year for me. When I was a little girl, there was a full house of people and we had one of my uncles dress up as santa. I have happy memories of that time. But now it is even more special because for a number of years I know and understand “christmas”.

I celebrate Jesus’ birth this time of year. It is hard not to get caught up in the gifts and parties. It is alot of fun. Most of all I have joy, peace and love in my life. I know I am here for a purpose. My purpose is to serve you.

I want to say blessings to you today…to have joy, peace and love in your life.

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Gobs of news! First, read here about the bk for Axiant / Mann Bracken (article from Bud Hibbs site) Bold emphasis ours.

“AXIANT Bankruptcy Filing No Surprise to Those Taken in Scam!

The bk filing of Axiant, which was the formation of Mann Bracken, Wolpoff & Abramson and Eskanos & Adler should not come as a major surprise, given the circumstances and the players.

Axiant, best known for their massive scam of consumers through direct ownership of the National Arbitration Forum will stand as the largest fraud ever perpetrated upon the public, by a debt collector.

There are (were) several lawsuits against Axiant claiming violations of The Racketeer Influenced and Corrupt Organizations Act (RICO) which could have potentially led to the possibility of loss of law licenses and even criminal charges against those involved.

The bankruptcy filed today in DE is available for review at Bud Hibbs site. 

No surprise that the first creditor listed is Mann Bracken for $10 million, followed by Irwin Eskanos for more than $720,000. (Any bets on who will collect the most $?)

Among those who may not get paid are debt collection lawyers: Blatt, Hasenmiller, $161,638, Zarzaur & Schwartz, $158,257, Howard Lee Schiff, $97,000, Buffaloe &Associates, $92,846, and many more.

Axiant’s orchestrated purchase by NCO apparently may give new life to debts that were obtained by fraud through the NAF, which started this downhill snowball that has led to the bankruptcy filing. No one will be surprised when NCO decides to use the Mann Bracken network as their ‘lawyers of choice’ to collect on these same debts. It’s a ready-made cash infusion that would make Bernie Madoff proud, and MB even more money.

Just think, MB is off the legal hook, they get paid millions by NCO, who then manufactures their own documents that give validity to the grabage that put Axiant into bankruptcy for their fraud. (AIG…what were you thinking …no bail out, it’s legal and you get to screw the public for years to come with no one to pay back or account to.)

NCO can expect massive consumer resistance to Mann Bracken accounts and consumer lawyers may find a highly lucrative practice in taking on these claims as NCO attempts to untangle the mess of Axiant.

Will Mann Bracken stay alive? Our sources tell us that their game plan is to wait for the heat to die down, then back to business as usual. It is doubtful, given their past, that Mann Bracken, Wolpoff &Abramson and Eskanos & Adler will ever again enjoy the credibility they once had. Their reputation in the collection industry is as bad as it gets, so attorneys, judges and consumers will take on a whole different attitude in dealing with these collectors and the havoc they have created.

Does a bankruptcy wipe out the criminal conspiracy used to steal untold millions from consumers? Does the fact that the National Arbitration lied and misled consumers equate to a profit for NCO just because they have the deep pockets to buy the bogus assets of Axiant? Time will tell and the American consumer will dictate who gets their money, not the scan artists posing as lawyers or bottom feeders.

Here is a real opportunity for America to rise against this massive rip off of our money based soley on lies, misinformation, extortion and perjury. The NAF, Axiant, Mann Bracken and associated entities should not be allowed to use the courts for self enrichment at the expense of the American consumer.”

JUST when you (consumers) thought life goes on with NCO exploding with business…

NOW read this…hot news: the shocker and what does this mean for Axiant and Mann Bracken ?

NCO Terminates its Proposal to Acquire Axiant

HORSHAM, Pa., Dec. 8 /PRNewswire-FirstCall/ — NCO Group, Inc. (”NCO”), a leading provider of business process outsourcing services, announced today that it has notified Axiant LLC (”Axiant”) that it is terminating its proposal to purchase Axiant.

On November 20, 2009, NCO entered into an agreement to acquire Axiant, a provider of legal collection services, subject to satisfactory completion of due diligence, the execution of a definitive agreement and other conditions.

NEXT LEVEL CREDIT

“Taking Your Credit to the Next Level”

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Read below about the new program:

“As you know, we have been helping homeowners with mortgage problems for several years.

We have been successfully helping those facing foreclosure by stopping the foreclosure process, and giving the borrower six months of grace from mortgage payments. By getting the attention of the lender, it usually allows us (or the borrower) ample time to work out some form of relief with their lender.

Just recently we have developed two new programs that we believe will offer even greater benefits to those in some form of distress. Usually in a distressed situation, the borrower finds themselves wanting to either keep the home and get some mortgage relief, or just walk away from it. For whatever reason they might want to keep it, we can cause the mortgage to be completely rewritten, at about 40% of the current market value of it. If they want to just walk away from it (perhaps underwater with the mortgage), we can get them 5% of the current market value for doing so. In either case, their credit does not suffer a foreclosure, a bankruptcy, or any deficiency judgment, and their credit rating may even improve. We cannot address any lates, but those are more quickly resolved by the borrower than the more serious issues.

For those who have recently gone through foreclosure, we are able to keep them in the property, rent free, for six months, enabling them to more easily transition to new housing.

We are also able to completely address relief from credit card debt.” (not relief from collection debt – contact Next Level Unlimited for collection debt elimination)

“Taking Your Credit to the Next Level”

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