They Are Pulling “A Madoff”

Another Debt Collector Scam Debt collectors resort to a lot of illegal tricks but the one I am going to tell you about here is really quite creative. It involves the use of IRS form 1099c. The two main culprits in this seem to be Asset Acceptance Corporation and Portfolio Recovery Associates. Both are infamous [...]

You Just Never Know Who May Need Your Help

Most of you have heard about Twitter, Facebook, and Linkedin. These are termed social networks. Today I learned the term “affinity network”. An affinity network is a closed network; could be your company, your grammar school or high school class. Well my high school class has its own website and this is an affinity network. [...]

Portfolio Recovery Associates—Beware

Would you believe that Portfolio Recovery Associates is a publicly traded company? (PRAA-Nasdaq). This is the same company buys up debt that is out of statute and who illegally sues consumer. Guess what? They make lots of money because a lot of people out there do not know their rights or anything about consumer laws. [...]