When most people think of consumer debt, they think of credit card debt. Recently, however, student loan debt surpassed the total amount of consumer credit debt—totaling more than $ 1 trillion dollars.
Depending on the type of loans, consumers have a variety of repayment options and rights during the collection process.
[Read more…] about Student Loans Repayment Options, Collections, and Consumer Rights
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.
[Read more…] about Midland Funding Dismisses $22,000 Debt Lawsuit
Randall Ryder got a local debt collection law firm to dismiss a debt collection lawsuit after one phone call.
A local small business owner met with Randall Ryder to discuss a Summons and Complaint he received. After reviewing the documents, along with a collection letter, it was apparent that the lawsuit was outside the statute of limitations. In particular, the alleged unpaid services were last performed in 2004.
[Read more…] about Debt Collection Lawsuit Dismissed After One Phone Call
Randall Ryder met with Minnesota residents to discuss consumer rights against debt collectors. As part of a program offered by the Washington County Law Library, Randall met with consumers at a Washington County Library branch to discuss consumer debt relief.
Randall discussed consumer rights against debt collectors and answered questions on the Fair Debt Collection Practices Act, how to find the appropriate debt collection resources, and when to contact a consumer rights lawyer.
By all accounts, the presentation was well received and attendees were thankful to learn about their rights under the Fair Debt Collection Practices Act.
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/)
Are you tired of being harassed by consumers? According to recent article in the New York Times, debt collectors are tired of consumers mistreating them. You read that right.
The Fair Debt Collection Practices Act (FDCPA) protects consumers from abusive, unfair, and deceptive debt collectors, not vice-versa.
If the debt collectors have it their way, collectors may get their own bill of rights, against consumers.