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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.”

[Read more…] about Bank of America Allegedly Sells Debts With Minimal Documentation

Free Trial? Read the Fine Print

In a down economy, everyone is trying to save a buck or ten. As a result, promotions and free trials look more enticing than ever.

For the most part, however, free trials end up costing you in the long run. Be sure to look into the promotion before signing up.

[Read more…] about Free Trial? Read the Fine Print

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