BOSTON — Debt companies pursuing consumers with a small army of collectors have swamped small claims courts with lawsuits and left a trail of abuses that, in 2009, led consumers to file more than 120,000 complaints with federal regulators.

“The Debt Machine: How the Collection Industry Hounds Consumers and Overwhelms Courts,” released today by the National Consumer Law Center, shows an urgent need for stronger and updated consumer protections.

“The recession has thrown millions of consumers into the jaws of a giant collection machine,” said Robert Hobbs, NCLC deputy director and report co-author. “Existing

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Friedman & Wexler – Debt Collector Shuts Down

Posted on July 12, 2010. Filed under: Debt Collectors,Debt in America,finance | Tags: friedman and wexler |

Friedman & Wexler pursued students who did not pay off their loans on time, car buyers who missed payments and Chicago residents who were late with their water bills. Lately, though, the Chicago law firm has been accused of not paying its own bills.

Friedman & Wexler is embroiled in several lawsuits with former clients, including the state of Illinois, that allege the firm and two of its principals, lawyers Norman Wexler and Mitchell Wexler, withheld funds. On

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A Utopian Credit Dream

In the perfect world, the credit bureaus would never err. The billions of pieces of data they each process, related to more than two hundred million Americans, would all click right into place. When you examined your credit report there would never be a mistake. And there would be no use for credit repair.

The Facts of Life

In real life credit repair is the only way to insure an error-free credit report. The credit bureaus do an admirable job. It is no small task to coordinate the massive amount of information provided by millions of creditors and collectors, not to mention the public records gathered through courthouse sources.

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It Takes Finesse

Credit repair takes finesse. There is much more to the job than just writing letters to the credit bureaus. In fact, as shocking as it seems, you can make a near perfect effort, but if you miss just a few subtle angles, your effort will produce no results at all! Here are the most important and most overlooked credit repair secrets you need to insure your success.

Doubt is Healthy

When you start your credit repair program you will need to examine your credit reports. Do not attribute any special level of competence to the credit bureaus. It is safer to assume that if anything looks even vaguely askew, there is a reporting error.

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Credit Repair is the Solution

Credit repair works. There is no reason to sit around and wait for your credit to get better by itself. In fact, although time is likely to liberate you from some of the issues on your report, you are more likely to be chagrined by the almost inevitable fact that many of the issues will linger well beyond the reporting period limits the bureaus are supposed to abide by. Credit repair is the solution.

It is Up to You

There are many reasons that you must become proactive about your credit. The best case in favor of applying credit repair techniques sooner, rather than later, is that every day you live with poor credit is costing you something.

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When it comes to looking into how to fix your credit report, we are often told that time is the only thing that can do it, but the truth of the matter is the wait is something many of us cannot deal with or do not wish to deal with!

Take some time and think about all of the different life goals you have. Perhaps you want to go to school, maybe send your kids to college, get into a better house or even buy a car. With any of these things, can you really afford to wait the years that might take until your credit report clears up?

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