It's a known fact that debt collection agencies regularly violate the law in the process of collecting debts. Many years of poor oversight and neglect have allowed these companies to cross the boundaries beyond acceptable limits.
In 2010 the mortgage servicing industry was exposed for "robo-signing" foreclosure papers on millions of American Homeowners. When it first came out there was a huge uproar and publicity blitz by the banking industry. Sadly, this story has slipped into the shadows of American Consciousness as foreclosures continue to climb unchecked.
Many don't realize that "robo-signing" is the norm for the banking industry, not the exception. Collection Agencies have used pre-signed affidavits for years to validate and confirm debts, many of which are overstated or not even owed at all. This interesting article in the Wall Street Journal - titled Dead Soul Is a Debt Collector chronicles just how bad it is.
Thousands of affidavits, signed by a woman who died in 1995 have been used in court to legally validate and document debt. There is no oversight, no morals, no compass for doing a job well. Because it's in a computer somewhere, right or wrong, consumers are harmed daily by these companies.
Most consumers that I talk with want to get pay off their debt. They simply run into brick walls when attempting to work with collection agencies or original creditors. These tactics clearly outline why it's important to hire reputable professionals whose objective is to facilitate the mine fields for you.
One such company is Debt Pros Group, consumer debt consultants in Redding, California.
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