Archive for the ‘Collection Agencies’ Category

Update on Debt Collection Scams

Previous articles here on the bankruptcy blog have discussed consumers’ rights under the Fair Debt Collection Practices Act (“FDCPA”) and the Do’s and Don’ts of Dealing with Collection Agencies.  However, here in Augusta GA, we’ve noticed that some collection …

What to Know When Negotiating a Settlement with a Creditor

There may be certain circumstances when a consumer does not need a bankruptcy filing, especially if they are only concerned about a few specific debts.  Given that is tax refund time, many consumers may have suddenly cash available to satisfy …

A Glimpse into the World of Modern Debt Collection and the Unfortunate Debtors Who are Targeted

Consumer debt collection is a highly profitable industry.  This New York Times magazine article excerpt by Jake Halpern gives a glimpse into the dark world of debt collection:

http://www.nytimes.com/interactive/2014/08/15/magazine/bad-paper-debt-collector.html?_r=1

Debt Collection Statistics Released: Common Reasons for Debts to Go into Collection

A recent study concluded that one out of every three adult Americans has at least one debt that has been turned over for collection.  However, Georgia had one of the highest rates, with 40% of its adult residents having at …

Student Loans and Collection Agencies: A Match Not Made in Heaven

This site has already addressed several issues with respect to student loans, and collection agencies.  However, a greater portion of student loan lenders are now utilizing private collection agencies to recover on defaulted student loan debt.  This includes …