Judgments against unsuspecting consumers for defaulted loans are being churned out by debt collectors like Midland Funding, using robo-signed affidavits of debt as substitutes for properly investigated, properly documented debt. Robo-signing is the mass-production of “sworn” affidavits used to prove outstanding debt in lawsuits against consumers. Most common among large debt collectors and debt buyers,…
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Philadelphia Inquirer reporter John Timpane discovered that he was a victim of Identity Theft when a criminal filed a false tax return using his Social Security Number. After dealing with the IRS, FTC, multiple credit agencies and other organizations, he’s discovered a few tricks to help consumers foil Identity Theft. Since the mid-2000s, there has…
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Making sound financial decisions starts with knowing your rights as a consumer Consumer advocates are hoping this month that April showers also bring May financial flowers for their clients, using National Financial Literacy Month as a springboard to get people to know their consumer rights to avoid being taken advantage of. According to www.financialliteracymonth.com, Americans…
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After allegedly misleading consumers into paying unnecessary fees and falsely threatening consumers with lawsuits, defendants in a debt collection operation have agreed to settle Federal Trade Commission charges. The FTC alleged in its complaint that the defendants – a debt buyer and a debt collection law firm, both based in Mississippi – violated the FTC…
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