The name is frightening. As it should be. The practice of trying to collect on Zombie Mortgages can be just as frightening. So, what is a Zombie Mortgage or a Zombie debt? Well, it’s debt that is past the statute of limitations and cannot be used as weapon to bring a consumer to court to […]
Tag Archives: CFBP
25
Jul
Jul
Recently released, the CFPB has taken One Main Financial task and ordered them to pay $20 Million for deceptive loan practices and add on services that benefited the company, not their clients. One Main failed to refund interest charges on over 25,000 customers who cancelled purchases within a “full refund period.” They also deceived clients […]
02
Dec
Dec
Since the beginning of the pandemic, the amount of debt held per average American citizen has increased exponentially. With more debtors comes more collectors looking for new ways to track down those who owe them money. With the implementation of new collection rules, debt collectors have new means of chasing down debtors outside of mail […]