Bankruptcy

As the Economy Sinks, Bad Debt Collectors Rise to the Surface

By Bill McLeod, Esq.

The pace of foreclosures has been slow since there?s a moratorium on Freddie Mac and Fannie Mae mortgages. That however, is not stopping collectors for other consumer debts getting more aggressive.

Today?s Boston Herald reports that credit card delinquencies are on the rise, and collection agencies may be stepping up their collection efforts, and even crossing the line. One such company, Leading Edge Recovery Solutions is reportedly only on the wrong side of a Fair Debt Collection Practices claim after they allegedly harassed a consumer who had trouble meeting obligations because of lost work and health problems.

But in addition to that negative news, the Herald Staff did put together a short list for consumers to watch out for if they are experiencing collection activity. You?ll find it here.

Times are tough enough without bad collectors crossing the line. If you?re getting harassed by debt collectors, speak to an attorney. If you?re in Massachusetts, please contact me. If you?re not, please contact your local bar association for a referral to an experienced consumer protection attorney in your area.

Full post as published by McLeod Law Offices on January 16, 2009 (boomark / email).