Articles Posted in Collectors/Debt Buyers

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Will the company that sued me for an auto deficiency allow monthly payments to settle?

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Auto deficiency occurs when you still owe $15,000 on a car and then that car is repossessed and sold for $5,000. Now, you get sued for the $10,000 deficiency.

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When does it make sense to send a collector a cease and desist letter?

When does it make sense to send a collector a cease and desist letter?

A cease and desist letter is something you send to a debt collector telling them that you wish to have no more contact with them. It may also state that you refuse to pay them.

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This recent case from the Third Circuit Court of Appeals is very important to understanding the FDCPA (Fair Debt Collection Practices Act).

The full citation to the case is:  Riccio v Sentry Credit, Inc. (3rd Cir. March 30, 2020).  And the Google Scholar link is here:  https://scholar.google.com/scholar_case?case=18158055043397526690&q=%22fair+debt+collection+practices+act%22&hl=en&scisbd=2&as_sdt=3,44

(If you are not familiar with Google Scholar — check out this video — Google Scholar is a fantastic free resource).

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What Happens if I Ignore a Collection Lawsuit because “it’s Illegal for a Debt Buyer to Sue Me?”

What Happens if I Ignore a Collection Lawsuit because "it's Illegal for a Debt Buyer to Sue Me?"Often we hear consumers say that they thought it was illegal to buy debt, or that it’s illegal for the collector who bought your debt to sue you.

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