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Warning Signs You’re Talking to a Debt Collection Scammer

Bad actors have been scamming people out of money for about as long as human civilization has existed. Unfortunately, with the advance of technology, a cell phone and Internet connection make it much easier for crafty scammers to take other people’s money before they realize what has happened. Consumers who are in debt or have recently paid off their debts are at a higher risk than most people of being scammed because the premise — you owe us money and

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Water is Wet and Debt Collectors Lie

Being a debt collector is a really crappy and difficult job. Not only do they they have to deal with cursing debtors, but they have tons of stress put on them by their bosses. They have to collect money in order to keep their jobs. It’s illegal to use deception when collecting on a debt, but many debt collectors look the other way for all but the most severe infractions — especially if those lies get results. I was out

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Paul Aker’s Arrest for $1,500 In Student Loan Debt — The Truth Behind The Clickbait

Paul Aker’s Arrest for $1,500 In Student Loan Debt — The Truth Behind The Clickbait 07 Apr , 2016 Leave a comment Blog student loans When news first hit of a Houston, Texas, man being arrested in connection to his student loan debt from 29 years ago I was stunned… and a little incredulous. Headlines of “Man Arrested for $1,500 in Debt from 29 Years Ago” seemed off for several reasons I’ll get into shortly. Basically, my gut said, “That

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Financial Education in the United States

The American public education system really is a product of the 19th century. It was a period of transition from a largely agrarian society to an industrial one. This transition was not easy; in fact it was quite painful to live through — entire communities lost their way of life due to the rapid pace of industrialization. It was largely in this context — that of farmers at an educational deficit in a new industrialized economy — that the American

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The Statute of Limitations When Moving Between States – Part 2

This is the second post in a two part series. In the first post, a reader asked how moving between states affects the statute of limitations on debt. Click here for part one of The Statute of Limitations When Moving Between States. So how would I handle the situation if I had a time-barred debt from one state, I moved to another with a longer statute of limitations, and suddenly had a debt collector claiming the new state’s longer statute

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The Statute of Limitations When Moving Between States

Most people know that debts are subject to a statute of limitations and that, past a certain age, a creditor can’t sue you for the debt. This is more or less accurate: there are some “gotchas” that sometimes happen. Certain kinds of debts never go away, like tax debts, criminal fines, and student loans. The statute of limitations is set by the state in which the debt is incurred. Different states set the statute of limitations differently. Now someone asked

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Texas Police Are Now Acting Debt Collectors for Vigilant Solutions

This is CRAZY! The Electronic Frontier Foundation (EFF) has published an in-depth article that I can hardly believe. Apparently “No Cost” License Plate Readers Are Turning Texas Police into Mobile Debt Collectors and Data Miners for unpaid municipal fines. If that weren’t bad enough: getting pulled over due to an outstanding municipal fine results in a bit of a Faustian bargain — pay the fine, now with a 25% “fee” attached or be arrested. Oh, and according to the EFF

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So Why Didn’t I Just Pay Afni?

If you haven’t read my previous posts about the zombie debt collector Afni, Inc., you really should start with this post and work your way forward through the series before reading this post. None of the posts are terribly long, but they offer a great deal of context. So why didn’t I pay Afni anyway? Some might argue that, even if the statute of limitations has expired, a debtor has the moral obligation to pay the debt. I disagree: limitations

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One Last Trick All Zombie Debt Collectors Have Up Their Sleeve

If you haven’t read my previous posts about the zombie debt collector Afni, Inc., you really should start with this post and work your way forward through the series before reading this post. None of the posts are terribly long, but they offer a great deal of context. Bulk debt buyers buy aging debt at steep discounts. How steep a discount? Well, an industry “rule of thumb” is approximately 4% — 6% of the original debt amount. However, that’s not

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How I Got Afni Collections to Go Away

If you haven’t read my previous posts about the zombie debt collector Afni, Inc., you really should start with this post and work your way forward through the series before reading this post. None of the posts are terribly long, but they offer a great deal of context. Once I had proof from Afni’s own records that they were attempting to collect on a time-barred debt, I decided to write a cease and desist letter. What I wrote looked a

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