Fighting credit bureaus, creditors and debt buyers

Debt buyers like Acarta must be ORDERED to vacate Chase credit card judgments and cease all litigation

The OCC ordered Chase to refund over $300 million to credit card holders who signed up for “fraud protection”.

It goes on and on … and nobody goes to jail!  

I am SO sick and tired of criminal bankers being “punished” by having to refund.  The big corporations defraud the working stiffs with impunity.

I just drafted a CFPB complaint for a client about the Equifax, Experian and CHASE incorrect credit reporting (and a number of other issues) and I will post a lot more about that here next week.  This weekend I have to finish my reply to the Acarta response to my motion for summary judgment (I’ll post the most recent filings ASAP) regarding the expired statue of limitation of an old CHASE charged off credit card.

Next I’ll file my CFPB complaint about the many suits by debt buyers such as Acarta for charged off Chase accounts.

It’s more bad news for JPMorgan Chase.

… The OCC also reprimanded the bank for allegedly using faulty documentation in consumer debt collection cases, and for failing to ensure compliance with federally mandated credit protections for military members.

The alleged conduct is similar to that revealed among the nation’s largest lenders in the robo-signing scandal that followed the housing crisis. JPMorgan was ordered to identify and compensate the affected consumers.

The OCC did not fine JPMorgan over its collection practices. California Attorney General Kamala Harris filed a lawsuit against the bank over similar issues in May.

The bank said it had stopped filing credit card collection lawsuits in 2011 and had dismissed the lawsuits in question. …

While Chase stopped filing lawsuits in 2010, it SOLD many accounts to debt buyers who DID file suits.  The AZ court of appeals already ruled that the Card Member Agreement presented by Acarta was not admissible.

It is totally ridiculous to allow a DEBT BUYER to sue for accounts that the original creditor decided NOT to pursue in court because of faulty documentation.

The CFPB needs to put a stop to that practice and order REFUNDS and PUNITIVE DAMAGES.

After all, it is EXTREMELY stressful to be sued.

Not to mention that consumers had their credit ruined by these new judgments and they may have lost job and housing opportunities.

In my case with Acarta, it and its attorneys were FULLY aware of the Chase issues as I included several articles with my motions and appeal brief over a year ago.  Yet, they CONTINUE to pursue me in court and I will take this case wherever it needs to go.  I already prevailed on appeal once and I’m ready to take this to the AZ supreme court if necessary.

Acarta and its attorneys stole 2 years of my life and they will be PUNISHED.

I’ve been meaning to post about our “settlement” talks, hopefully that will be my next post.  I asked for $50,000 at our meeting the morning after Labor Day.   I’d rather take NOTHING than accept a couple thousand.

The American legal system is of course seriously flawed and that pro se litigants can’t get attorneys fees is one of several reasons why consumers can’t stand up to scummy debt buyers.  My roommate decided to move out last year because just as I thought I was done for a while with the legal crap after I submitted my Acarta reply brief to the court of appeals, I got served by Midland Funding.   You can not imagine how many nights I spent researching and writing motions and I was not good company.

If I had more time and money, I’d not only contact regulators and legislators, but I’d also notify the apparently hundreds or even thousands of consumers who were sued by Acarta for Chase accounts.  I haven’t checked the actual court records yet, but apparently Acarta filed numerous judgments in my court and I’ll have to check them out.

It’s truly incredible that our regulators go after Chase, but they let debt buyers get away with these lawsuits and I will make an effort to get Arizona and federal regulators to address these issues.

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