Woman Sues Debt Collector, Wins $83 Million

Managing Debt

Woman Sues Debt Collector, Wins $83 Million

Woman Sues Debt Collector, Wins $83 Million

A Missouri jury ordered a debt buyer to pay nearly $83 million to a Kansas City woman it pursued for a $1,000 credit card bill she didn’t owe, NPR affiliate KCUR reports. The jury found Portfolio Recovery Associates LLC guilty of violating the Fair Debt Collection Practices Act, for which it will pay $250,000 in damages,… Read More

A Debt Collector Contacted You — Now What?

Managing Debt

A Debt Collector Contacted You — Now What?

A Debt Collector Contacted You — Now What?

Every day, hundreds of thousands of consumers are contacted by debt collectors regarding delinquent debts. As a debt collector myself, I can tell you that getting a debt collection call is not on anyone’s list of favorite things and never will be. In fact, it probably ranks dead last. Unfortunately, avoiding a debt collector isn’t… Read More

How to Challenge a Debt Collector & Win

Managing Debt

How to Challenge a Debt Collector & Win

How to Challenge a Debt Collector & Win

A reader, Anthony, wrote to me to share the success he had in dealing with the debt collection issues he faced earlier this year. He started off with the goal of settling an old unpaid credit card, and ended up winning in court and getting his costs covered. He wrote: “Hi Michael, I contacted you… Read More

The 2 Words Debt Collectors Don’t Want to Hear

Managing Debt

The 2 Words Debt Collectors Don’t Want to Hear

The 2 Words Debt Collectors Don’t Want to Hear

While much of the debt collection world is straightforward and, quite honestly, a little boring, some people in the industry treat it like a free-for-all. “There are widespread attempts to add charges to debts that aren’t legal. Excess interest is something we’ve encountered quite frequently,” said Daniel Edelman, consumer law attorney, founder and partner at… Read More

Can I Bypass a Debt Collector?

Managing Debt

Can I Bypass a Debt Collector?

Can I Bypass a Debt Collector?

When I am assisting people to resolve unpaid bills I’m often asked, “Why do I have to pay the debt collector? Why can’t I just pay my creditor or lender and avoid the collector all together?” A reader recently wrote in with just this question: I have a $5,000 balance on my credit card and… Read More

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