Tag Archives: debt

The People Are Speaking: Reform Payday Lending!


A recent set of reports from the well-known Pew Charitable Trusts indicates Americans have growing concerns about the payday lending industry and its uprightness (if that is even a word).  In essence, there is a desire for reform and further regulation of payday lending.  Nobody can really deny that payday lending fulfills a void in …

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The Blacklist (for Debt Collectors)


The Federal Trade Commission maintains a list of individuals and debt collectors whose conduct has been so bad that they are permanently prohibited from engaging in debt collection activity.  One must imagine that the persons and companies on the list really went off the proverbial rails.  The FTC also maintains a list of  its enforcement …

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Debt Collection A to Z: X is for X Marks the Spot


Signing a contract or document can have major consequences.  Hence the need to read, understand, ask questions, understand, and agree BEFORE signing. Some documents still have an “x” to mark the spot where parties are supposed to sign and assent to the terms that appear on the page and are otherwise referenced on said page.  Often …

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Debt Collection A to Z: R is for Repossession


I know this one is listed under “Car Law A to Z” but it applies also to the world of debt collection.  Read this “Repo Review” and be sure to share with your family, friends, and contacts.

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Consumer Clarified: Thanks to Our Court of Appeals


In a recent opinion by the North Carolina Court of Appeals, a 3-0 panel held the definition of the term “consumer” under the North Carolina Debt Collection Act (N.C.G.S. 75-50 et seq.) includes persons who are alleged to owe debts.  In Green Tree Servicing LLC v. Locklear two members of a Robeson County family held …

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Debt Collection A to Z: D is for Deadbeat List


Deadbeat lists are lists of persons who owe money to a creditor.  One simple rule:  do not use them!  While there are some instances where a debtor’s debt and delinquency on the debt can be made publicly known (ex:  liens) these instances are few and somewhat far between. One motivation for publishing a deadbeat list …

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Debt Collection A to Z: C is for Collection Agency


Under North Carolina law the term “collection agency” has a very specific meaning.  It is quite complicated to give a precise definition of the term but groups such as Portfolio Recovery Associates, CACV of Colorado, National Credit Solutions, and NCO Financial Systems would qualify as collection agencies.  A collection agency is typically an entity

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Another Unsatisfied Consumer: A Horror Story (or Two..or More)


As a consumer lawyer I have the privilege of meeting and helping everyday people try to sort out and resolve vexing problems typically of a financial nature.  Unfortunately I receive numerous calls each week from consumers across North Carolina (and some outside of our beautiful state) about purchases and other consumer transactions gone awry.  Some …

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A Cap that Consumers Would Love to Wear


Politics can be confusing and frustrating for many.  In order for laws to be passed there must be discussion, negotiation, politicking, and the like.  The process of how a bill becomes a law in Washington (for those of you who remember Schoolhouse Rock click here for a quick and familiar recap) can be long and …

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