National Student Loan and Credit Report Debt Attorney

Banks assisting Debt Collectors in pursuing faulty judgments

Rate this post

The FCPB has recently launched an investigation into third party collection companies which purchase debts from creditors then vigorously pursue judgments against debtors. According to reports, banks are assisting collectors in obtaining faulty judgments by not providing all of the necessary information to the debt buyers. These debt buyers then turn around and file law suits against debtors and obtain judgments without ever having all of the necessary information to prove the debt exists. These judgments are then used to garnish wages and levy bank accounts.

http://www.huffingtonpost.com/2013/03/07/banks-debt-collectors_n_2831128.html

Working with an experienced debt settlement attorney can greatly increase the chances of avoiding a judgment, and not being held responsible for debts that are inaccurate. An attorney can force the collector to validate the debt, and in cases where collectors are not able to, can obtain a favorable settlement for their client. Many people do not know how to respond to law suit, or are intimidated and do nothing. A debt settlement attorney can file the necessary answers and can ensure that their clients are properly represented.

Banks assisting Debt Collectors in pursuing faulty judgments was last modified: November 1st, 2014 by Kevin Fallon McCarthy
The following two tabs change content below.
mm
Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.
mm

Latest posts by Kevin Fallon McCarthy (see all)

START NOW
Call 855-976-5777 or Chat Now
  • How much do you owe?
    Select your approximate debt.
    Less debt
    More debt
  • The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.