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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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
Midland Funding, LLC, one of the largest debt buyers in the country, recently dismissed a debt collection lawsuit in excess of $22,000 against one of the firm’s clients.
The client was thrilled with the result, to put it mildly.
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In a down economy, many individuals turn to public resources like libraries for information and guidance.
In Minnesota public librarians, non-profits, and consumer rights attorneys are working together to provide the general public with the resources they need.
Because of the success of the efforts here in Minnesota, Randall Ryder was one of several panelists who presented to an audience of nationwide librarians. The presentation was directed at how the current economy is affecting the public and how librarians can assist the public in finding the resources they need.
Randall spoke at length on how the debt collection industry effects consumers in the current economic client. Specifically, Randall provided an overview of the Fair Debt Collection Practices Act (FDCPA) and how consumers can protect themselves from abusive, unfair, and deceptive debt collectors.
The audience was directed to a number of resources to help individuals understand the FDCPA and seek legal assistance from a variety of sources if necessary. Randall also discussed the prevalence of debt collection lawsuits, the evidentiary issues involved, and how consumers can access resources to defend against debt collection lawsuits.
(photo:http://www.flickr.com/photos/bisgovuk/3919446619/)
Debt collection lawsuits are big business in Minnesota. Just one debt buyer—Midland Funding—has filed over 15,000 debt collection lawsuits in the last three years.
Many consumers get sued for a debt, think the lawsuit is fake, and then ignore it.
As a result, they lose their case before it even starts. If you were recently served and think the lawsuit is fake, think again.
[Read more…] about “Fake” Debt Collection Lawsuits are Usually Real
Debt collection lawsuits are frequent in the current economy. Midland Funding, LLC, one of the country’s largest debt buyers, was sued yesterday by the Minnesota Attorney General Lori Swanson.
Swanson alleges that the company has defrauded Minnesota courts by filing false and deceptive affidavits—affidavits signed by “robo-signers.”
[Read more…] about Midland Funding LLC Sued for Alleged Robo-signed Affidavits