Steven J. Richardson | May 18, 2010
In this bad economy, more and more creditors are selling off their old debt to entities called “factors,” who then sue to collect. The creditor wins because they get paid money they might not have ever received, while the factor wins because they buy the debt at a discount, then go after the debtor for [...]
Category: Collection, Library |
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Tags: Collection, old debt, statute of limitations
Steven J. Richardson | June 15, 2009
On June 4, 2009, a committee of the New Jersey State Assembly approved a bill called the New Jersey Fair Debt Collection Practices Act, which aims to protect New Jerseyans from creditor harassment. The Senate has a similar bill. On the one hand, it is great that our legislature is looking out for us, but [...]
Category: Collection, News |
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Tags: creditor harassment