Posts Categorized: Credit Issues

Chase and Zombie Debts

Zombie Debts

Last updated April 21, 2018. In a recent lawsuit, Chase Bank was forced to pay out more than $160 million in penalties and $50 million in refunds to consumers for selling bad zombie debt to collection agencies. What is a zombie debt? Many people have had a debt that they could not pay or that… Read more »

Can a Creditor Contact Me After I Hire a Lawyer?

Debt Collector Attorney OH

Last updated Sept. 26, 2017. First, let’s make a distinction between creditors and debt collectors, because they have to follow different rules under different laws. Your creditor is the person or party to whom you owe the debt. It’s most often a bank, a credit card company, or a medical service provider. When creditors can’t… Read more »

Credit Reporting Under the Fair Credit Reporting Act: Know Your Rights

Credit Reporting Consumer Protections This is a guest post by Allan R. Bloomfield, a bankruptcy lawyer practicing in Queens. His offices are located at: 118-21 Queens Blvd., #617, Forest Hills, NY 11375. One of the most important national consumer protection laws is the Fair Credit Reporting Act, which regulates how credit reporting companies report information. … Read more »