Bankruptcy laws were meant to allow us the freedom to take risk, and yes, fail. Among new businesses, about 50% fail within the first five years, and about 70% fail within ten years. The key part, and where bankruptcy comes into play, is that we get up and try again. Oddly enough, this point…

Did you make a purchase on gettington.com or a related website – Fingerhut or Paycheck Direct – only to be plagued by unwanted “payment reminders” or collection calls?  You aren’t alone.  Many consumers have been dazzled by gettington.com or Fingerhut email advertisement and the seemingly low website prices.  Yet some consumers are finding that the…

The Federal Trade Commission reports that the number of complaints about debt collectors rose from 104,766 a year in 2008 to 140,036 in 2010, says Tom Pahl, assistant director of the FTC’s division of financial practices. The agency has stepped up enforcement, taking 10 companies to court in the past three years, compared with six in the previous…

(Washington, DC) Under the guise of modernization and providing consumers with more “information” the ACA, International – an association of debt collectors – has obtained Congressional support for a dangerous proposal that would allow debt collectors to flood cell phones with robo-calls. The bill, HR 3035 Mobile Informational Call Act of 2011, was introduced on…

CHICAGO (MarketWatch) — The days of your cell phone being a communication device between just you, your family and friends may be numbered under two pieces of legislation that have consumer advocacy groups up in arms. Tucked into President Obama’s debt-reduction bill is a provision that would allow debt collectors, working on behalf of the…

Since 1991, it has been illegal for telemarketers to use auto dialer and other robot-like devices to call your cellphone.  Recently, a bill was introduced to change all that.  While in the past email hoaxes have gone around saying that your cellular telephone could be opened up to telemarketers, HR 3035 seeks to let businesses…

Article provided by Rockland County Personal Injury Attorneys – Kantrowitz Goldhamer & Graifman, P.C. In its recent decision, AT&T Mobility, LLC v. Concepcion, the Supreme Court has removed from consumers another important arrow from their quiver to defend against companies which use unconscionable or improper retail practices against them. Unfortunately, the number of arrows in that…

Many of us constantly receive annoying calls from telemarketers, in spite of being on the do-not-call list. Clearly, the law is not working. I suppose it shouldn’t be all that surprising that companies that skirt laws selling dubious products and services would have little regard for this law, especially because it’s not well-enforced. And it’s…

After weeks of mounting pressure and trying to ensure continuous press coverage on HR 3035, as demonstrated by Monday’s MSNBC’s piece on the robocall bill, we have just learned that the bill’s sponsors, Lee Terry (R-NE) and Ed Towns (NY) have written to Energy and Commerce Committee chairman to ask that HR 3035 not be…

Have you been notified of a lawsuit against you? Do you feel overwhelmed, anxious, and afraid of what is to come? These feelings are normal and shared by others in similar positions, especially by people who have never been sued before. The main reason people feel this way is because they don’t know their options…

Default, Charge-Off, Collections, Statute of Limitations, Waiver of Debt (1099-C) There are so many words and terms floating around when it comes to money owed. Take a look below for some everyday explanations about these terms. Default This means that you have failed to keep up with the terms of your contract. This could mean many…

Debt collectors have become increasingly aggressive in collecting debts in recent years. A new tactic is to use the court system to sue consumers for old debts. However, these debt collectors and the firms they hire are often not filing the lawsuits in the correct jurisdiction. According to the Fair Debt Collection Practices Act, when…