Garnishment of joint bank accounts in Minnesota can quickly turn into a tricky situation for many consumers—especially consumers who don’t owe the debt.
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Consumer News
Garnishment in Minnesota
Bank account garnishment and wage garnishment is a common issue faced by Minnesota consumers.
If you are facing garnishment, here is what you need to know.
The Ryder Law Firm Recognized as Exceptional Law Firm By VLN
The Ryder Law Firm, LLC has been recognized by the Volunteer Lawyers Network (VLN) as a 2011 exceptional law firm.
The firm was eligible for the prestigious recognition after providing over 50 hours of volunteer service in 2011.
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Debt Buyers, Debt Collectors, and Debt Collection Law Firms
The world of debt buyers, debt collectors, and debt collection law firms creates all sorts of confusion for consumers.
The next time you get a collection letter, pay attention to the details.
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Student Loan Collections Under Fire
Student loan debt is a hot topic that will likely only get hotter as the amount of student loan–currently over 1 trillion dollars–continues to rise.
The National Consumer Law Center recently published a report that criticizes the Department of Education and it’s contracted debt collection companies, saying that “the Department has created financial incentives for its contractors that encourage high collections at the expense of borrower rights.”
Bank of America Allegedly Sells Debts With Minimal Documentation
Complaints against debt collectors have surged in recent years, which has somewhat masked another issue in the consumer credit realm: debt buyers. Debt buyers purchase charged-off debts from original creditors at a fraction of the price and then attempt to collect the full amount of the debt.
According to a recent article involving a debt buyer case in California, a sales agreement signed by Bank of America stated that Bank of America made no guarantees as to the accuracy of the credit records as part of a sale to a debt buyer. In other words, “buyer beware.”
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