RACIST DEBT COLLECTOR GETS NAILED FOR $1.5 MILLION JUDGEMENT
A Pennsylvania-based debt-collection company has been hit with a $1.5 million judgment in a Texas court for repeatedly leaving vile voice messages over an alleged $200 debt.
Advanced Call Center Technologies (ACT) barraged Allen Jones, of Dallas, with a series of harassing and racially charged phone calls.
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5 THINGS YOU NEED TO KNOW ABOUT GETTING AUDITED
Now that your 1040 is out the door, you may be second-guessing yourself: Will the IRS come a-calling?
Well, since the number of audits has risen every year over the past 10, experts expect that trend to continue. With the ballooning federal deficit and the additional $400 million earmarked for tax enforcement in 2010, the goverment needs your money!
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THE FICO 5: COMPONENTS THAT MAKE UP A FICO CREDIT SCORE
In the land of credit scores, FICO is king. The bulk of banks in the United States use FICO scores to decide whether to offer credit to potential borrowers and at what interest rate. FICO has a major global presence, as well: According to the company's testimony before a House Financial Services Committee, FICO scores are used in about 10 billion decisions worldwide each year.
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THE US JUDICIAL HELLHOLES® 2007
The latest ranking of America's most unfair jurisdictions in which to be sued has been revealed in the American Tort Reform Foundation's 2007 Judicial Hellholes® report. Judicial Hellholes are places where judges systematically apply laws and court procedures in an inequitable manner, generally against defendants in civil lawsuits. In this sixth annual report, the ATRF shines the spotlight on six areas of the country that have developed a reputation for uneven justice.
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DEBT COLLECTORS PUSHING TO GET THEIR DAY IN COURT
Cook County Circuit Court has been turned into a frenetic debt collections machine, a reflection of easy credit gone sour and a collections industry determined to get paid. More than 119,000 civil lawsuits against alleged debtors are clogging courtrooms, and at least half will result in judgments that debt collectors will use to dock wages, seize bank accounts and file liens against homes, compounding the woes of troubled borrowers.
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QUICK GUIDE TO UNDERSTANDING REPOSSESSION OF PERSONAL PROPERTY
When you buy a car, furniture or appliances on an installment plan, the dealer or store usually takes and or files a "security interest" in the item you are buying. This means that while you are paying for it, the creditor (person or business to which you owe money) can take back or "repossess" your purchase if you break your promises under the contract.
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ALTERNATIVE DISPUTE RESOLUTION
More and more often, credit managers are taking advantage of Alternative Dispute Resolution to resolve payment defaults when the reason for non-payment is a dispute against the products sold. Alternative Dispute Resolution [ADR] is not a new idea. ADR involves the use of specific methods and tools for resolving problems between two parties [such as a buyer and seller] without the necessity of one party suing the other in Court. There are several advantages of ADR over civil litigation including:
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THOUGHTS ON SARBANES OXLEY
What are your thoughts about the Sarbanes Oxley Act?
> Laws & Regulations | > Your Questions & My Answers
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