An Interview with Debt Collection Consumer Advocate Bud Hibbs

We recently interviewed Bud Hibbs, a debt collection consumer advocate and consultant for over 25 years who has written several books, is approved to teach CLE courses through the State Bar of Texas and has appeared in numerous radio and television programs including the Oprah Winfrey Show to get his take on the state of the debt collection industry in America. This is an excerpt from that interview.

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Asset Acceptance Corporation: Junk Debt Collection at Its Worst

The publicly traded Asset Acceptance Corporation is a junk debt buyer whose collection tactics have been deemed some of the worst in the nation. According to consumer advocate Bud Hibbs’ website, the company ‘lies, steals, cheats, misrepresents, and files bogus claims.’ While these are bold statements, consumer comments posted on the site seem to concur that Asset Acceptance Corporation continues to subject consumers to debt collection harassment.

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The Debt Collection System: How It Really Works

Most of us have a general idea of how the debt collection system works. However, what really happens can be quite different than our preconceived notions. In fact, according to one consumer debt collection expert, credit card companies follow a ‘corporate philosophy’ when trying to get us pay up.

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Do You Have a Case Against a Debt Buyer/Debt Collector?

Debt buyers, those companies who purchase bad debt for pennies on the dollar and then do anything – legal or not – to collect that debt from you, may be violating the Fair Debt Collection Practices Act (FDCPA). When this happens, you may have a case against a debt buyer – this article will help you understand your case.

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How Defaulting on a Debt Affects Your Credit Score

What are the consequences of defaulting on a debt and how does that affect your credit score? Steve Recordon, an attorney from San Diego, California whose firm represents individuals who have been sued or harassed by debt buyers, explained in this interview.

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Loss of Driver’s License When You Have Not Paid a Debt: Is That a Possibility?

Creditors and collection agencies cannot have your driver’s license suspended for not paying debts. Agencies and creditors routinely use threats of dire consequences for not paying debts, sometimes including a very unlikely threat of imprisonment — as if the possibility of being sued were not serious enough. The creditors often claim that if the debt is not paid, they will contact the state Department of Motor Vehicles to have the debtor’s driving privileges suspended or revoked.

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Debt Collection & The Illegal Practice of Sewer Service

When a debt collection agency files a lawsuit against you for an outstanding debt, it must serve you with the papers so that you are aware of the action. However, one New York agency allegedly didn’t think that was necessary and provided debtors with’sewer service’ instead. Now it faces a class action lawsuit for those debt collection practices.

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