Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. Clifford Cain Jr., a retired electrician in Baltimore, was used to living on a tight budget, carefully apportioning his Social Security and pension benefits to cover his rent and medication for multiple sclerosis. So Mr. Cain was puzzled when he suddenly could not make ends meet. […]
Ask These Questions to Expose a Fake Debt Collector
Submitted by New Jersey Bankruptcy Attorney, Lee Perlman. Originally published here by lifehacker.com It’s no secret that debt collectors will resort to some shady tactics to get money out of you, but what’s worse is when someone posing as a debt collector tries to get you to cough up cash you may not owe. The […]
A Debt Collector’s Day
Originally published in the New York Times here. Credit Golden Cosmos NOBODY likes debt collectors. But a great many of us have to deal with them. A recent study by the Urban Institute found that roughly one-third of all Americans have a debt in collections reported on their credit file. For many debtors, that […]
Inside the Dark Labyrinthine, and Extremely Lucrative World of Consumer Debt Collection
One afternoon in October 2009, a former banking executive named Aaron Siegel waited impatiently in the master bedroom of a house in Buffalo that served as his office. As he stared at the room’s old fireplace and then out the window to the quiet street beyond, he tried not to think about his investors […]
Debt Collection ‘Factory’ Preyed On Broke Americans: Lawsuit
Submitted by New Jersey Bankruptcy Attorney, Lee Perlman. Originally posted here by the Huffington Post. A federal watchdog is suing a collection agency that allegedly operated like a “factory” churning out lawsuits against cash-strapped borrowers, often using misleading, deceptive and illegal practices. The suit is the latest effort by regulators to crack down on debt […]
Debt Settlement and Essential Facts that Every Consumer Should be Aware Of
Settlement is an important aspect of just about every area of law. In many cases it is a more beneficial to both the debtor and the creditor, allowing the debtor to pay a smaller sum than originally owed and allowing the consumer to get a significant amount of the money they are owed while incurring […]
