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Saturday, January 23, 2010

Do NOT try to pay the Mann Bracken collected debts!

According to the Maryland regulators (article posted below), consumers WANT to pay their debts.  What a FOOLISH move!!!!

The Maryland statute of limitations for credit cards is only 3 years.  HOWEVER, the 3 year statute of limitations begins again if creditors can document that a debtor has reaffirmed a debt on a good faith basis by a written agreement, orally, or by payment.

PAYING your debts will often NOT help your credit rating at all and paying a collection reported by a collector will NOT increase your FICO scores.

I really don’t like to give advice to anyone before I’ve reviewed their credit reports and know the person’s financial situation and ambitions.  But since the Maryland regulators are doing such a HORRIBLE job, here are my two cents to anyone with a debt collected by Mann Bracken:

1) KEEP everything you receive from Mann Bracken.
2) Play dead— try to wait out the statute of limitation.
3) If anyone contacts you regarding the debt, RECORD all calls and SAVE all collection letters.

4a) If you have the money to settle the debt and your credit is important, try to get the most favorable settlement and credit reporting. 

SETTLE accounts BEFORE a new collector or debt buyer reports. Documented violations result in more favorable settlements.  Once you receive their initial collection letter, you should have at least 30 days to dispute or settle BEFORE they report on the credit.

4b) If you do NOT have the money to settle or you have better things to do with your money, ask collectors not to call you again, dispute the debt, and document violations.

You may be able to settle accounts for just a few thousand dollars if you can document FDCPA and/or state law violations.

It is WORK to document violations and whether it’s worth the hassle all depends on what value you allocate to your TIME wasted.  But if your credit rating is important, it might be well worth the effort.

If the debt was SOLD to a debt buyer, chances of prevailing in court if they should sue you are excellent—if you’re willing to learn how to defend yourself and how to document counterclaims for violations of the law.

EDUCATE yourself.

Do NOT follow the FREE advice on the web by clueless consumers or worse, people like Mark Cella whose only goal is to make as much money as possible. Stay away from debt settlement companies!

There are MANY scammers like Mark Cella and his Federal Debt Relief Systems.  Since there are STILL people wondering whether they really are scammers, read what their clients have to say in their DAMAGE REPORTS:

If you’re serious about your credit and/or fighting collectors:

Donate $50 to Liars and Cheats EXPOSED and get your FREE 6-months subscription to CreditFactors.

There’s NO magic at CreditFactors, but you’ll have the information you need to prevail against collectors and you can even post questions in the member forum.

I spent HUNDREDS of hours UNPAID on the FDRS investigation.  If people SUPPORT Liars and Cheats EXPOSED, we can put MANY of these frauds out of business and we can MAKE the regulators take action. Vote with your money!

Below is the Baltimore Sun article on Mann Bracken: 

Wednesday, January 20, 2010

NEW BBVA Compass bank blog: deposits and NSF fees, closing accounts, false police report

The new BBVA Compass blog is at http://liarsandcheats.info/bbva-compass-bank-retaliation-closed-accounts/

The LONG ABOUT page contains my detailed description of events and pictures. I previously posted here about it and it wasn’t a priority until I received a “WARNING” citation from the Kingman police department last week. 

Apparently they filed a FALSE police report, falsely accusing me of TRESPASSING when all I did was cash their checks.  NOBODY ever asked me to leave!

So that just goes to show how the banksters and the cops work together to keep the PEOPLE from exposing their corruption.

They think they’re so powerful, I’d now be too afraid to publish manager Mark Huling’s name and maybe more important, wouldn’t dare to demand answers about their deposit and NSF fee policy.

Fat chance, you morons!

I have a few questions for the Kingman police chief and I want to submit my complaint to BBVA Compass regulator, the Federal Reserve Bank of Atlanta.  Of course I don’t expect any action or coherent answers—the point of the exercise is to convince MILLIONS of judgment-proof people to STOP paying their unsecured debts to the large commercial banks.

And I want to encourage all who are NOT judgment-proof and with assets deposited at the large commercial banks to consider moving their funds to community banks.

http://moveyourmoney.info/

Sadly, my closest community bank is over 200 miles away.  I really really hope that the Common Good Bank will finally open this year.  They now have a number of investors and are getting close to having sufficient start-up capital.

And to all of you who think that you’re doing fine and you don’t need to worry:

You’re not going to enjoy living in fear, getting robbed and worrying about your family because too many people have NOTHING.  We’re all in this together.

Sunday, January 17, 2010

Incredible FDRS damage reports

Got some fantastic damage reports.

But we’ll need more than 5 people to MAKE the California AG investigate.

Tuesday, January 12, 2010

FREE 6-months CreditFactors subscription with $50 donation to Liars and Cheats EXPOSED!

There’s been a lot of interest in the new Liars and Cheats EXPOSED!

I just started the new FDRS fraud blog and it became a priority because of the incredible incompetence or corruption of the California attorney general’s office. 

I received two credible reports of the AG simply closing the complaints and doing NOTHING because FDRS failed to respond.

WTF???

So I created a special page for FDRS clients to post their damages and once we have 100 submissions, I’ll contact the AG and possibly other regulators and DEMAND action.  I know that they they can trace the funds and they should be able to recover MILLIONS for restitution to the victims.

There are literally a gazillion ripoffs like FDRS, from collectors to credit bureaus who defraud MILLIONS with incomplete credit reports.  And of course I’ve been wanting to feature the fictitious lates created by the FICO scoring formulas.

We need to purchase software and support for a forum and all kinds of cool features.

I’ve been dedicating my life to making a difference for so many years, you vote with your money and tell me what you want us to do.

My roommate has been helping a lot, working many hours without pay and he moved to the desert to get AWAY from the crap.  Liars and Cheats EXPOSED! can be the summary of my lawsuits and the occasional post about one paying client’s problems, such as at my published FTC complaints.  My clients got what they needed through these complaints, but the FTC did NOTHING.  At Liars and Cheats EXPOSED we COULD join forces and make a difference for all.

Support Liars and Cheats EXPOSED!

You will receive one coupon code for a FREE 6-months CreditFactors subscription for every $50 donation.  While you might not have the need for credit resources, the coupon IS transferable and valid until 12/31/2010.

Friday, January 08, 2010

FTC settles $300K+ judgments with Academy Collection officers for $7,500

In this 2008 case, Academy Collection Service, Inc. and its owner, Keith Dickstein, paid $2.25 million to settle FTC charges that Academy collectors violated the FTC Act and the FDCPA while collecting debts, and that Dickstein failed to stop the violations.  Now they settled DOJ and FTC imposed civil penalties of $375,000 and $300,000, respectively, on officers Albert S. Bastian and Keith L. Hurt III, who oversaw Academy’s Las Vegas collection center.

The judgments were suspended upon payment of $7,500 each, based on their ability to pay. The full judgments will become due immediately if the defendants are found to have misrepresented their financial condition.

It’s a shame that they’re allowed to continue to stay in business, but on the bright side, I can’t see how they stay in business WITHOUT resorting to illegal collection practices.  I just had a client upload some mp3s of collection calls and all failed to identify themselves as debt collectors and several made it sound like it was extremely important that the call is returned. 

We’re STILL working on the Liars and Cheats EXPOSED setup, but are about ready to create blogs for collectors who violate the FDCPA.  We’ll post their contact info, some sample calls and letters with violations basics on how to deal with them.  This will be very cool!

I’ll post the highlights of the Academy FTC settlement hopefully soon (26 pages!), there’s some good stuff in it.

Below is the 1/7/10 FTC press release: