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ISSUES IN PERSPECTIVE
By David Grossack
Updated: 2/22/2012
WHEN DEBT BUYERS ATTACK!
The newspapers and the Internet have been filled with stories about how mortgages are sold and traded among banks and investment groups to the point where the original loan documents are missing.
Considerably less attention has been given to the current phenomenon of "debt buyers" and their acquisitions of delinquent credit card portfolios. But those of us who spend time in the civil sessions of the District Courts know that the activity in many court sessions is completely dominated by a handful of investor groups who buy credit card debt at discounted prices and then use bullying, predatory lawyers to recover money.
ISSUES IN PERSPECTIVE
By David Grossack
Updated: 2/22/2012
WHEN BILL COLLECTORS PAY YOU!
Since the national economy began to sharply deteriorate in 2008, consumers naturally are having a more difficult time in paying ordinary bills, especially credit card charges.
This has led to an increase in high pressure tactics by consumer collection agencies. Aggressive, often belligerent phone calls can come at all times of the day, and interrupt meals, visits from friends and disrupt your daily routine.
Too often, debt collectors cross the boundaries of what is lawful behavior.
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Essays by David Grossack
David Grossack is a lawyer and human rights activist living in Nantasket Beach, Massachusetts. He is also the founder of usaexposure.com
- WHEN DEBT BUYERS ATTACK!
- WHEN BILL COLLECTORS PAY YOU!
- CREDIT CARD INTEREST RATES GO TO COURT
- USURY, BANKING, AND PEOPLE OF FAITH
- THE TIP OF THE ICEBERG IN NORTH CAROLINA:
- GOVERNMENT BY INTIMIDATION AND WHAT IT MEANS FOR YOUR FINANCIAL FUTURE
- THE SHAME OF INDIA CONTINUES
- GOVERNMENT IS ALWAYS INTIMIDATION
- BARRY GOLDWATER: REMEMBERING A REPUBLICAN PHILOSOPHER AND STATESMAN
- THE TIP OF THE ICEBERG IN NORTH CAROLINA