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Archive for August, 2012

Problems Riddle Moves to Collect Credit Card Debt

The same problems that plagued the foreclosure process — and prompted a multibillion-dollar settlement with big banks — are now emerging in the debt collection practices of credit card companies. As they work through a glut of bad loans, companies like American Express, Citigroup and Discover Financial are going to court to recoup their money….

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Zombie Debt Collections: Hollywood Video Bills Haunt Consumers

Consumers across the country say they are being harassed into paying bills they don’t owe to a company that no longer exists. And it’s not the first time. Hollywood Video and its parent company, Movie Gallery, went out of business in 2010 and declared bankruptcy. About 3 million U.S. residents owed money to the firm…

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