The Federal Trade Commission’s $2.5 million settlement with Asset Acceptance Capital Corp. is intended to signal it will move against abusive practices in the debt collection industry, agency officials said.

WASHINGTON, Jan. 30, 2012  /PRNewswire/ -- The Federal Trade Commission announced a $2.5 million fine against one of the largest debt buyers in the country for using deceptive practices to collect old ...

The Federal Trade Commission’s $2.5 million settlement with Asset Acceptance Capital Corp. is intended to signal it will move against abusive practices in the debt collection industry, agency officials said.

The Federal Trade Commission’s $2.5 million settlement with Asset Acceptance Capital Corp. (AACC) is intended to signal it will move against abusive practices in the debt collection industry, agency officials said.

Asset Acceptance Fined for Unfair Debt Collection Practices

When a collection agency contacted Letitia Mika in the summer of 2010 about $5,640 in credit card debt, she agreed to a settlement in which she would make monthly payments on half of it and the rest would be forgiven.

Before signing a contract with a debt relief or settlement company, this article is a must read. The law firm of Imbesi, Christensen & Michael explains why these companies will actually cause a consumer to be financially worse off than when they started.New York, NY (PRWEB) January 31, 2012 As the economic recession continues, consumer debt is on the rise and Americans are struggling to pay ...

HelpsIsHere - Stops Creditor Harassment of Seniors - No Bankruptcy!Portland, OR (PRWEB) January 29, 2012 For over 30 years, Eric Olsen has been a successful bankruptcy attorney in the Pacific Northwest. The firm he founded, OlsenDaines, can be found throughout Oregon and the states of Washington, Idaho and Utah. Year after year, he witnessed lots of creditor abuse towards senior citizens and ...

Debt collectors are increasing the use of one tool in their toolbox: the "moral obligation."They contact a relative of a deceased debtor - a spouse, a child, a parent - and ask for payment of a debt, not because it is legally owed but because it is morally owed.The solicitation -...

The Supreme Court ruled telemarketers can be sued in state and federal courts.