Feds Bust Scammers Who Collected $5.2 Million By Pretending To Be Cops

Feds Bust Scammers Who Collected $5.2 Million By Pretending To Be Cops

As you probably know, it’s illegal for a debt collector to threaten arrest over a debt. It’s also a big no-no to try collecting on a debt that doesn’t exist. Unfortunately, that didn’t stop a California man from operating a scheme where callers allegedly posed as law enforcement officers to collect on bogus debts. [More]

Terminix Tells Me I Have No Balance, Sends Me To Collections Anyway

If there’s one thing you’d think the bug-killing folks at Terminix would be good at it would be putting an end to pests that keep returning no matter what you do to make them go away. But apparently their expertise in this regard does not extend to the company’s own billing practices. [More]

Court Halts Intimidating Debt Collector Calls From People Posing As Cops

The Federal Trade Commission announced today that a U.S. district court has stopped an operation that allegedly collected millions of dollars in payday loan debts that consumers did not actually owe. [More]

Woman Sues Wells Fargo For Telling Police She Was Contemplating Suicide

An elderly Oregon woman has filed a lawsuit against Wells Fargo, alleging that a bank employee harassed her by telling the police she was threatening suicide — and running up a $1,055 hospital bill in the process. [More]

Hollywood Video Continues To Try Collecting Debts From Beyond The Grave

It’s been almost two years since Hollywood Video rented its last DVD and 364 days since we reported on former Hollywood customers receiving debt collection notices for debts they didn’t actually owe. And yet collectors for the dead-and-gone chain continues to haunt customers with wildly incorrect notices. [More]

Debt Collectors Resurrect Old Debt By Issuing New Credit Cards

Debt Collectors Resurrect Old Debt By Issuing New Credit Cards

People with credit scores that prevent anyone but their mom from lending them money are suddenly receiving offers that allow them to have a credit card — on the condition that they pay back part of an old debt that they are no longer legally obligated to pay. [More]

What To Do And What Not To Do When Debt Collectors Come Calling

What To Do And What Not To Do When Debt Collectors Come Calling

No one likes to be contacted by a debt collector. Those who do the job know this better than anyone, and come prepared to get you to acknowledge them whether you’d like to or not. Some in the profession have a reputation for crossing legal and moral lines when attempting to shake you down, so it’s best to know how to operate if you come in contact with a collector. [More]

Kaplan University Demands $3,310.56 After Graduation, Can't
Explain What For

Kaplan University Demands $3,310.56 After Graduation, Can't Explain What For

Melinda has an MBA from Kaplan University, and has enough business sense to know that she shouldn’t have to pay debts that aren’t hers in the first place. The for-profit college, part of the Washington Post Company, has decided that she owes them more than $3,000 even though her tuition was long ago paid with federal financial aid. No one can show her a detailed breakdown of the bill, or explain why no one noticed that she owed the money until months after graduation. Update: Kaplan has since resolved Melinda’s problem. [More]

Report: Hundreds Of Thousands Told They Owe Defunct Hollywood Video

Report: Hundreds Of Thousands Told They Owe Defunct Hollywood Video

It turns out the reader who received a mysterious notice saying he owed a bunch of money to deceased Hollywood Video is far from alone. [More]

Obsessive Debt Collectors Mixed My Roommate Up With Some Other Guy

Obsessive Debt Collectors Mixed My Roommate Up With Some Other Guy

Curt says his roommate can’t shake a pushy debt collector who won’t get it through his head that he mixed up his identity with some guy who owes AT&T for DSL service. He contacted AT&T but the company seems unwilling/unable to call off the dogs. [More]

My Dental Bill Was Sent To Collections By Mistake – Who Do I Pay Now?

S. writes that in 2008, she owed a lot of money–about $8,000–to her dentist. She worked out a payment plan with the office, and asked them to auto-bill her credit card every month. They frequently forgot to bill her, but she wasn’t too concerned about the situation. At least, until a debt collector called her, saying that the dentist had sold her balance to them. The dentist’s office claims that this is a mistake. Now both entities want S.’s money, and she’s not sure who she should pay. [More]

Bank Of America Won't Stop Calling Looking For "Zoran"

Bank Of America Won't Stop Calling Looking For "Zoran"

Hey, um, “Zoran,” if you owe money to Bank of America, can you give them a call because they seem to think you live at reader Kimber’s house and they are just not willing to accept that you don’t. Kimber says they call the house at “all hours of the day, during meal times and weekends” looking for you. [More]

Lawsuit: Debt Collector Harassment Contributed To Man's Death

Lawsuit: Debt Collector Harassment Contributed To Man's Death

When a Florida man suffered a heart attack, he needed to leave his job. Between everyday expenses and medical bills, he fell behind on his mortgage and other bills, and debt collectors began calling. And calling. And calling. Eventually, a lawsuit alleges, the stress from the harassing and abusive phone calls led to the man’s death. Frivolous lawsuit? Maybe not.

Wave Of Fake Debt Collectors Hints At Possible Data Breach

Wave Of Fake Debt Collectors Hints At Possible Data Breach

The Better Business Bureau has released a warning to be aware of scammers calling to threaten people with arrest “within the hour” for defaulting on payday loans. What makes them stand out from normal debt collecting scammers is these callers have huge amounts of personal info on their victims, including Social Security and drivers license numbers; old bank account numbers; names of employers, relatives, and friends; and home addresses.

Debt Collectors Will Stop Calling If You Sue Them

Debt Collectors Will Stop Calling If You Sue Them

Litigant Alert” from WebRecon promises to help debt collection companies ferret out “overly-litigious debtors” with “a history of suing collection agencies.” It’s basically a Do Not Call list of troublemakers who had the nerve to fight aggressive collection practices with the law. Debt collectors are apparently willing to pay $1,595 to figure out who they should leave alone.

Got Debt So Bad It's Defaulted? 3 Ways To Deal

Got Debt So Bad It's Defaulted? 3 Ways To Deal

Getting into debt is easy. Winding up in default is easier yet; all you have to do is not pay your bills for several months! So how do you deal when the lender doesn’t want to wait around for you any longer and has moved on to more drastic action? Here’s three ways, only two of which are advisable.

"Empathetic" Debt Collectors Want You To Pay The Debts Of The Dead

"Empathetic" Debt Collectors Want You To Pay The Debts Of The Dead

Who is responsible when dead people owe money? The New York Times says that the law varies but, “generally survivors are not required to pay a dead relative’s bills from their own assets.” That doesn’t mean they’re going to tell you that when they come calling about an unpaid bill.

"Seriously, Is The Attorney General of Florida After Me For A $14 Bounced Check?"

"Seriously, Is The Attorney General of Florida After Me For A $14 Bounced Check?"

Apparently the answer to that question is “yes.” CNN is reporting that several states have outsourced bounced check collections to a company that will track you down — even for minor accidental bounced checks — and make you take their personal finance class. By the way, the class costs $160.