Sunday, March 25, 2012



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Dealing With Debt Collection Agencies

by Collection Agency Software

Dealing with debt collection is something that most consumers dread. Most people get intimidated when a debt collector calls them up to ask about an unpaid credit card debt, a past due medical debt or an auto loan. Fearing that they might be put behind the bars or their wages will be garnished, the majority [...]

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State Fines Debt Buyer Over Collection Lawsuits

by Collection Agency Software

The state of Maryland announced late Thursday that it has reached a settlement agreement with debt purchasing business units related to West Asset Management (WAM) over debt collection lawsuits the entities filed against consumers in the state. Maryland’s Commissioner of Financial Regulation, Sarah Bloom Raskin, made the announcement noting that the agreement settled alleged violations [...]

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Executive Change: Stellar Recovery Hires Garrett Schanck

by Collection Agency Software

Stellar Recovery, Inc. announced today the addition of Garrett Schanck to the Stellar Recovery and S&P Asset, LLC staff. Garrett will be working from the corporate headquarters in Kalispell, Montana. Garrett recently relocated to Kalispell from Tallahassee, Florida, where he has recently graduated from Florida State University with degrees in Applied Economics and Business. “Garrett [...]

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FDCPA and Other Consumer Rights Lawsuit Statistics, July 16-31

by Collection Agency Software

Grand Rapids, MI – The following statistics are provided to the ARM industry courtesy of WebRecon LLC.  FDCPA and Other Consumer Rights Lawsuit Statistics, July 16-31, 2010 There were about 533 lawsuits filed under consumer statutes in the second half of July. Here is an approximate breakdown: 492 Fair Debt Collection Practices Act 71 Fair [...]

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State Amendments on Court Fees Would Hurt Large Debt Collection Law Firms

by Collection Agency Software

Proposed amendments to a Massachusetts economic development bill would increase the limit on small claims and court costs for filing lawsuits there. One observer says the bill would impact large collection agencies and the attorneys who have made a business out of taking debtors to court, while leveling the playing field for small collection agencies. [...]

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