protconsrights
May 30, 2012
Collectors for Student Loan The definition of debt collector under the Fair Debt Collection Practices Act does not include original creditors or servicers of an account for a creditor. There are certain exceptions to the rule, but for the most part, the statute only applies to third party debt collectors. Therefore, your creditors are not […]
protconsrights
May 30, 2012
An increasing percentage of college graduates have student loans. In today’s economy, it is hardly a surprise that the amount of loans and the inability to repay them are rising. The amount of outstanding student loan debt has climbed over $1 trillion, easily exceeding credit card debt. Defaulted student loans have more than doubled since […]
protconsrights
May 21, 2012
The Fair Credit Reporting Act provides that potential insurers have a permissible purpose for accessing your credit report when they are determining whether to provide insurance coverage. Though when we look at our Trans Union, Equifax or Experian credit reports, we rarely, if ever see insurance companies performing inquiries on the credit reports. Is that […]
protconsrights
May 11, 2012
Fitness Club Collections sent out a letter to an alleged debtor. It was the first communication from Fitness Club Collections to this person. However, the letter failed to advise the consumer that they had a right to dispute the debt and seek validation of the debt from Fitness Club Collections. Therefore, this debt collector violated […]
protconsrights
May 9, 2012
You receive a collection letter, and like all first collection letters, it advises you that “unless you dispute the validity of this debt or any portion thereof within 30 days of the receipt of this letter, we will assume the debt is valid” The letter goes on to say that “if you dispute the debt […]
protconsrights
May 2, 2012
About Accretive Health Accretive Health is a Chicago based company that was founded in 2003. Its business is collecting medical bills. It is one of the nation’s largest medical debt collectors. According to their website, they are committed ” to helping our hospital clients fulfill their mission to provide better quality care and increase healthcare […]
