The Country’s Two Largest Debt Buyers Must Refund Consumers $61M Over Illegal Collection Practices

The Country’s Two Largest Debt Buyers Must Refund Consumers $61M Over Illegal Collection Practices

Encore Capital Group and Portfolio Recovery Associates are two of the biggest names in the debt-buying game, and according to federal regulators they have often used deceptive and harmful tactics to collect their newly acquired debts. Now, as a result of these actions, the companies must refund consumers $61 million and pay $18 million in penalties. [More]

Rent A Center Accused Of Illegal Collection Tactics In Washington

Rent A Center Accused Of Illegal Collection Tactics In Washington

There are many, many good reasons why you shouldn’t purchase your home furnishings from rent-to-own outfits, but the state of Washington has discovered an exciting new one: collection tactics from Rent A Center that are so aggressive, they’re illegal.