Let Me Tell You Something Really Important About Getting Sued.
Here’s something else you might not know: when the credit card issuer sells delinquent accounts in bulk to a third party, who then tries to collect them, the odds that the new plaintiff will be able to prove its case in court are greatly reduced. This is because card issuer gives minimal documentation to the assignee.
Identity Theft is a Serious Crime in Pennsylvania
Posted by Cliff Tuttle
In Pennsylvania, the crime of Identity Theft is defined by statute. “A person commits the offense of identity theft of another person if he possesses or uses, through any means, identifying information of another person without the consent of that other person to further any unlawful purpose.”
Each time the identifying information [...]
Scavenger Collectors are on the Prowl
Posted by Cliff Tuttle
It has become a common practice for credit card issuers to sell their written-off accounts in bulk at auction. However, other kinds of consumer accounts, such as automobile loans and unpaid balances on cellular telephone are also sold in this way. Long lists of delinquent accounts are assigned and frequently re-assigned. Although [...]