Browsing Tag negative collection stories

Weekly Top 10 – Week of August 15, 2010

Each week we bring you 10 of our most favorite stories from around the industry.
Week of August 15, 2010
1. ‘The Huckebee Show’ Features ‘Debt Collectors Gone Wild’ (VIDEO)

(TVSquad.com, 08/17/10)

The Huckebee Show‘ (weekdays, syndicated) on Tuesday featured the cautionary tale of Michelle Minton. The mother of two young children received a call from a bill collector — who also represented himself as a lawyer — claiming she owed $4,500.”

2. Judgments Are Not Worth The Paper They’re Printed On

(JD SUPRA, 08/19/10)

The current economic crisis is making the debt collectors scared. When there’s no money to put food on the table, even a favorable judgment through the courts means nothing. The judgment by itself doesn’t get you paid, according to Cincinnati debt collection law firm Slovin & Associates partner Randy Slovin.”

You can download a .pdf copy of the story here.

3. Minnesota orders debt collector out of business

(Star Tribue, 08/19/10)

A Wayzata debt collector who allegedly told a debtor “I will hunt you down like a dog” was ordered by state regulators to cease operations in Minnesota.”

4. Local debt-collection business expands to Sartell

(sctimes.com, 08/19/10)

A local debt collector’s business is booming — and its space is growing along with it.  Array Services is building a new home for one of its companies, ProSource Billing. Later this fall it will move into a new 23,000-square-foot facility in Sartell. Construction has already begun.”

5. SMITH v. ARROW FINANCIAL SERVICES, LLC

(Leagle.com, 08/17/10)

This is a Fair Debt Collection Practices Act (“FDCPA”) case in which Plaintiff Pamela E. Smith alleges that Defendant violated provisions of the Act through three voicemail messages and one email exchange. Defendant’s position is that both the voicemails and emails were left or sent in response to a specific request by Plaintiff at least a year into an ongoing and regular communication between Plaintiff and Defendant, and therefore were not in violation of the Act.”

6. Five men detained over debt collection released

(IrishTimes.com, 08/19/10)

FIVE MEN arrested by gardaí investigating aggressive debt collecting practices in the building trade in Dublin have been released without charge.”

7. Actions taken by debt collection agencies are limited by law in Oklahoma

(NewsOK, 08/18/10)

Seniors, beware. If you’re being harassed by calls from debt collectors, don’t be bullied into paying anything before knowing the law. In Oklahoma, the statute of limitations on most debt is three years and if you pay even as little as $5 on an old debt, you’ll reset the clock.”
8. Collection effort pays off

(TribToday.com, 08/18/10)

Warren’s debt collection agency has netted nearly $340,000 for city coffers since it started working on delinquent accounts four months ago.”

9. ANCHONDO v. ANDERSON, CRENSHAW & ASSOCIATES, L.L.C.

(Leagle.com, 08/16/10)

Defendant Anderson, Crenshaw & Associates, L.L.C. (ACA) appeals from a district court order awarding plaintiff Elsa Anchondo $63,333.52 in attorney fees, gross receipts tax, and costs under 15 U.S.C. § 1692k(a) after ACA agreed to a settlement in favor of Ms. Anchondo and the class she represents on their claims against ACA under the Fair Debt Collection Practices Act (FDCPA). ACA contends the district court erred in certain respects in determining the amount of the attorney fee award. We review the district court’s award for an abuse of discretion, see, e.g., Jane L. v. Bangerter, 61 F.3d 1505, 1509 (10th Cir. 1995), and affirm for the reasons expressed below.”

10. Collection Agency Opens Case On Anthony’s Court Debt

(WESH.com, 08/17/10)

ORLANDO, Fla. — Court records show that a collection agency has opened a case to recover money Casey Anthony owes on her theft case.”

August 21, 2010 By : Editor Category : industry news weekly top 10 Tags:, , , , , ,
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Weekly Top 10 – Week of July 18, 2010

Each week we bring you 10 of our most favorite stories from around the industry.
Week of July 18, 2010
1. Debt collection lands 3 men in Utah County jail

(ksl.com, 07/22/10)

Three men rush into a home in an attempt to recoup $400.

P.S. – If you are looking for a juicy story about a collection agency violating the law you’ll be disappointed.

2. Debt Collection: A Look Inside Collection Training

(PRLog.org, 07/22/10)

Michael Brazier of Freedom Debt Management reviews six tactics that collectors are using to “manipulate” or “trap” customers. Brazier lists thinking positively as one of those methods. Seriously? Positive thinking?

3. Debt collection can be a dirty business

(Tampa Bay Online, 07/21/10)

Attorney Jeff Kaufman says about debt collectors: “You’re talking about a bunch of guys in boiler rooms…these people do whatever they want…It’s pretty dirty.” Kaufman goes on to say that collectors “prey upon the weak” and calls collectors “creepy human beings.”

Too many movies perhaps?

4. Collecting a bounced check takes 1,600 days

(HAARETZ.com, access 7/23/10)

Interesting collection statistics from Israel. Buckle up. 

5. Some debt collectors turn to Facebook

(Arizona Daily Star, 07/20/10)

Consumer claims to be broke. Facebook photos show Corvette and fishing trip. Consumer decides to pay bill in full.

6. Collection Agency Welcomes New Team Members in Michigan Office

(PRLog.org, 07/19/10)

American Profit Recovery adds three to their sales team.

7. ‘RealHousewives of New Jersey’ star Danielle Staub files report with Wayne police

(NorthJersey.com, 07/19/10)

It doesn’t involve a professional debt collector, but we just couldn’t resist the story about a 30 year old debt and 50 phone calls in one day.

8. Debt Collection From the Collector’s Point of View

(The Atlantic, 07/16/10)

Editor Megan McArdle piggybacks off of CNN’s “confessions” slideshow and asserts that “The fact is, collecting money from those who owe it is a miserable job.  That means that the people who do it are going to be miserable–and that it’s probably hard to attract high quality workers.” Is this really a fact? Share your thoughts. 

9. New Financial Regulatory Law to Impact the Debt Collection Industry

(insideARM.com, 7/23/10)

ACA International, The Association of Credit and Collection Professionals, issued a press release concerning the Consumer Financial Protection Act of 2010 that President Obama recently signed into law. You might also be interested in FDCPA Defense Attorney Tomio Narita’s overview for collectors which can be found here.

10. CNN Spins Words of Ex-Debt Collectors into “Confessions”

(insideARM.com, 07/21/10)

insideARM.com’s managing editor Michael Klozotsky gives his two cents on  CNN’s “confessions” slideshow. You don’t want to miss this post.

July 24, 2010 By : Editor Category : miscellaneous spotlight weekly top 10 Tags:, ,
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Lesson: You Must Remit on Time!

A collection agency based in Bloomington, Minnesota had its collection license temporarily suspended by the Minnesota Department of Commerce for allegedly failing to remit recovered funds to its clients within 30 days. According to an article on InsideARM.com, the Department of Commerce claims the agency used the money to fund operations.

June 14, 2009 By : Editor Category : rants Tags:, , ,
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Dateline NBC’s Debt Trap Story

Here is Chris Hansen’s Debt Trap production which aired on Dateline NBC in March.

Part 1

Part 2

Part 3

Part 4

Part 5

Part 6

April 16, 2009 By : Editor Category : rants Tags:, , ,
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