CHESSNOID

For the longest time banks and credit card companies have been stating that the drop in consumer credit card balances were attributed to less consumer spending.    They have tried to make it sound like it is the only cause for the dip in overall credit card portfolio balances.  The truth is most of the [...]

This recent comment on my old blog posts claim there is now a class action lawsuit against American Express.   I did a google search just to see where the source of the actual information was coming from.  I do see them posted on a couple of business sites.  The class action suit is against [...]

Most of your credit cards probably had their terms of agreement changed before the 2009 Card Act went into effect.  That was a logistical move expected by credit card companies.  Now they have a new plan to skirt the law.  They are sending out credit card solicitations not covered by the Act.
WSJ:
Until recently professional cards [...]

I have worked in the  collections field for over 20 years.  I followed the FDCPA and was compliant.  Most collectors I have seen have been in the grey area. Then there are even many more that I see violate the FDCPA completely while the company owners are aware of it.
However, I don’t think any company [...]