Fair Debt Collection

The 75 Cent Promissory Note

The other day I was scheduled to attend a continuing education conference with some of the local Arizona bankruptcy trustees.  I thought I had given myself plenty of time.  I arrived at the parking garage, walked inside, and immediately realized that I was in the wrong building. So I got back in my car and tried to head to the right building.  I ran into a problem.  The parking garage only took cash and I only had my debit card.  I told the attendant that I had only been parking [...]

Midland Funding, Portfolio Recovery, LVNV Funding.  The Debt Buyers and Why You Should Fight.

Most people that will read this article have had the unpleasant experience of receiving a knock at the door only to get served with a lawsuit.  After the shock subsides as to what just happened, you look at the paperwork and you ask yourself the question: “who in the world is Midland Funding and why are they suing me?” First, Midland Funding is one of several companies that buy debts for pennies on the dollar and then sues folks like you.  The kicker is, you may or may not actually [...]

Can I Go to Jail for not Paying My Debts?

The answer is no.  You are not going to go to jail because you can’t pay your debts.  In ages past if you coudn’t pay your debts you would be put in debtor’s prison, however the U.S. government abolished debtor’s prisons in 1833. Some unscrupulous debt collection agencies will threaten that you will be arrested for not paying them the money they are seeking.  If this happens to you it is a good idea to speak with a consumer attorney to see if the Fair Debt Collection Practices Act (“FDCPA”) [...]

Are You Being Sued by Midland Funding?  Why You Should Fight Lawsuits by Debt Buyers.

If you are being sued by Midland Funding, LLC here in Arizona you are not alone.  Recently I have seen an increase in the number of clients coming in with lawsuits by Midland Funding and other debt buyers.  What is a debt buyer?  These are companies that have purchased delinquent debts from banks or credit card companies and then are suing through the state court system here in Arizona to collect on their purchased debts.  Understanding how these debt buyers operate will help you in fighting the lawsuit they have [...]