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Consumers Are Falling Deeper and Deeper into Credit Card Debt

Posted by Sami Thalji | Jul 28, 2022 | 0 Comments

• Inflation hits 40-year high in June. • Consumers are struggling to keep up with rising prices and are saving little to no money aside for emergencies or financial goals. • Consumer satisfaction with their current financial condition is low, with nearly half of consumers saying they will have no choice but to add significant credit card debt within the next 6 months.

As Predicted: Debt Collectors Using Facebook to Harass Consumers , Friends, and Family Members

Posted by Sami Thalji | Jun 03, 2022 | 0 Comments

Allowing debt collectors to use social media platforms to seek out consumers was always a bad idea. This recent settlement by the CFPB against JPL Recovery Solutions; Regency One Capital; ROC Asset Solutions; API Recovery Solutions and Northern Information Services; Check Security Associates; Warner Location Services; Pinnacle Location Services; Orchard Payment Processing Systems; Keystone Recovery Group and Blue Street Asset Partners, is just the tip of the iceberg when it comes to illegal debt collection activity.

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