A lawsuit filed by a Cape Coral, FL woman against Bank of America’s hired debt collectors has received it’s first victory – the judge ruled that she can seek punitive damages. Punitive damages are damages the court can award to serve as a punishment and as an example to others for evil, malicious, or particularly fraudulent acts. What did these hired guns do that was so bad? Continually harass a poor widow for her last $2,000 in order to pay her recently deceased husband’s $16,000 credit card bills. To top it off, she may not have legally been liable to pay for it at all. But that doesn’t stop the debt collectors from asking for your last dime!
Kevin Fallon McCarthy
Latest posts by Kevin Fallon McCarthy (see all)
- Public Servants’ Second Chance at Federal Student Loan Forgiveness - April 10, 2018
- CREDIT CARD LOSS FOR SMALL BANKS AT AN EIGHT YEAR HIGH - March 22, 2018
- Rise of the Jumbo Student Loans - March 17, 2018
- Credit Card Market: Now and Then - February 23, 2018
- Make Your Credit Cards Work for You - January 23, 2018