Collection Recon

Arizona Lags Behind in Protections Against Debt Buyers

Posted on 03. Feb, 2012 by Collections Recon.

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In January the State Senate in California passed legislation aimed at debt buyers like Midland Funding, LVNV Funding, and Portfolio Recovery who sue people over debts without adequate documentation to prove that they own the debt or that they are even suing the right person.

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Collection company’s practices under fire

Posted on 07. Aug, 2011 by Collections Recon.

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A company you never heard of may be getting ready to raid your bank account for money you may or may not owe it.

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Encore Capital Group Response to Texas Attorney General Complaint

Posted on 11. Jul, 2011 by Collections Recon.

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SAN DIEGO, July 8, 2011 /PRNewswire/ — Encore Capital Group, Inc. (Nasdaq:ECPG – News), and its wholly owned subsidiaries, Midland Credit Management, Inc. and Midland Funding, LLC, disagree with the allegations made in the complaint filed by the Texas Attorney General. The Texas complaint largely restates allegations raised in a 2008 lawsuit called Brent, which alleged that affidavits filed in debt collection lawsuits were defective because the person who signed the affidavits lacked personal knowledge. Contrary to the Texas Attorney General’s suggestion, the alleged defects in the affidavits never resulted in judgments against people who did not owe the debts.

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Woman Sues Debt Collector, Wins $8.1 Million

Posted on 06. Apr, 2010 by Collections Recon.

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At courthouses across the United States, it has become increasingly common during the economic downturn for lawsuits to be filed against consumers to collect old debts. Lawyers who specialize in the practice are filing thousands of suits on behalf of large firms that have acquired debts from other companies. Although most people don’t fight the suits and lose them by default, a Dallas woman bucked the trend last October.