Thursday, January 22, 2015

TIME BARRED DEBT COLLECTION

From a press release from New York State Attorney General:

"A.G. Schneiderman Obtains Settlement From Major Debt Buyer Who Filed Thousands Of Time-Barred Debt Collection Actions

Encore Capital Group Inc. Will Vacate More Than 4,500 Improperly Obtained Judgments Totaling Nearly $18 Million; Reform Practices; And Pay $675,000 In Penalties And Costs

Schneiderman: We Will Continue To Pursue Debt Collectors And Lenders Who Improperly Take Advantage Of Courts And Hardworking New Yorkers"

See http://ag.ny.gov/press-release/ag-schneiderman-obtains-settlement-major-debt-buyer-who-filed-thousands-time-barred

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