The Pew Charitable Trusts revealed on October 2nd that today’s online payday loans are overrun with abusive and deceitful practices. In their latest entry to the Payday Lending in America series, Pew observed that online and Internet loans are more costly when compared to the loans offered by storefronts. Additionally, most online borrowers admit to…
Getting harassed by a debt collector can be frustrating, annoying and even scary. Fox 43 Morning News spoke with Pennsylvania consumer attorney Craig Thor Kimmel about your rights. (Video has been removed – Admin)
The Consumer Financial Protection Bureau on Tuesday unveiled new rules for supervising large debt-collection firms, marking the first time that industry will be subject to federal oversight. Starting Jan. 2, the government watchdog will regulate 175 debt-collection firms that each bring in more than $10 million in annual receipts — accounting for 63 percent of…
When the Fair Debt Collection Practices Act was enacted in 1978, social media sites like Facebook and Twitter did not exist. No one could have anticipated how much of an impact social media would have on our lives but the debt collection industry is taking full advantage of our lives on public display. MSN recently…
Consumer attorney Craig Thor Kimmel spoke with Eyewitness News via Skype about consumers’ rights under the Fair Debt Collection Practices Act: PA Home Page posted the video on their website here: Know Your Rights with Debt Collectors – video has been taken down, link removed.
The Federal Trade Commission (FTC) alleges that debt collection agency, West Asset Management, violated the Fair Debt Collections Practices Act (FDCPA) on multiple occasions, leading to thousands of consumer complaints. Century Negotiations President Amy Michalo-Rojas urged clients, and the general public, to stay informed about these types of cases so they can recognize when a…
While millions of Americans must grapple in this difficult and topsy-turvy economy, some businesses continue to thrive. In fact, Portfolio Recovery Associates, Inc., a company that purchases, collects, and manages consumer debt, are reporting record-breaking profits. Portfolio Recovery Associates, like other debt collectors, makes money by purchasing consumer debts from creditors, banks and other financial…
Our law firm Kimmel & Silverman, P.C. -CreditLaw.com- 800-NOT-FAIR, pledges to stand against unfair debt collection acts and practices. We promise to ensure our clients are treated fairly and with respect by debt collectors and their collection lawyers. We will not stand for abuse or collection harassment towards our clients, nor allow them to be…
Banks have been under siege in recent weeks for widespread corner-cutting in the rush to process delinquent mortgages. The accusations have stirred outrage and set off investigations by attorneys general across the country, prompting several leading banks to temporarily cease foreclosures.
The FTC is trying to educate consumers about what practices are illegal and what they can do about them.
