The way I make my living is by suing “legitimate” debt collectors. When I say legitimate, I mean companies that are (generally) attempting to collect debts they believe (whether correctly or not) to be owed by the consumer. However, I frequently hear from people who have been contacted (most frequently on the phone) by people[…]
Think twice about obtaining a credit card from your bank or credit union. While it may seem more convenient, obtaining a credit card underwritten or branded by your banking institution may present risks should you have an unexpected default. This is true because of a little known contractual term in almost all deposit account agreements.[…]
Madgett & Peterson is proud to be a supporting contributor to the Minnesota Assistance Counsel for Veterans’ Stand Down Program. Veterans please join us August 2-3 at Fort Snelling. See http://mn.gov/mdva/news/events/?id=1066-244270 for more information.
For the first time in years, consumer credit companies are increasing capital reserves. According to the Wall Street Journal, banks such as Wells Fargo, J.P. Morgan, Capital One, and Discover anticipate increasing defaults in the consumer credit market. However, this news is not necessarily all doom and gloom from the consumer perspective. In an effort to[…]
Well done Mr. Oliver!
When reports of Lori Swanson’s lawsuit against Bradstreet & Associates broke in January, it got loads of media coverage and confirmed many of the abuses of the debt buying industry. Since that time, there has been a near media black-out. It most cases, this wouldn’t be surprising; as I tell my clients, litigation is a[…]
The Consumerist is one of my favorite websites. Today it has an article about a guy who wrote a check to the Girl Scouts for cookies, and the check subsequently bounced. You can find it here. Basically, the article outlines how the original $42.00 dishonored check has morphed into an $800 collection account. Now this[…]
There has been plenty of media attention and scrutiny given to the actions of debt buyers in the state of Minnesota in the past couple of years. This includes Attorney General Swanson’s lawsuits against Bradstreet & Associates and Midland Funding, as well as the statute passed by the legislature last year codifying the evidence required[…]