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William Jackson, also known as Action Jackson (December 13, 1920 – August 11, 1961) was an enforcer and loan collector for the Chicago Outfit. He earned his nickname of "Action" because it was slang for "Juice Man", which meant debt-collector.
A bad check restitution program (BCRP) is a program in the United States that works to retrieve funds from bad check writers in order to repay moneys owed to the recipients of the checks. In other words, these are debt collection operations. Many of these programs are operated by private companies that add fees that may exceed $200, regardless ...
She took out three student loans worth about $176,000, but her debt swelled to nearly $250,000 with interest and fees. There are a few things you can do to reduce your student debt or pay it off ...
Here’s how to find out if a debt collector is legit. Key takeaways. Scammers use texts, calls, emails and letters to create a false sense of urgency about debt repayment.
U.S. state laws on fair debt collection generally fall into two categories: laws which require persons who are collecting debts from consumers to be licensed, registered or bonded in order to collect from consumers in their states, and laws that protect consumers from specific unfair practices by debt collectors, which may include collection agencies and sometimes original creditors. [2]
Illinois private and federal student loan borrowers owe an average balance of $36,531 — sixth-highest in the nation and just below the national average of $36,689.
A debt buyer is a company, sometimes a collection agency, a private debt collection law firm, or a private investor, that purchases delinquent or charged-off debts from a creditor or lender for a percentage of the face value of the debt based on the potential collectibility of the accounts. The debt buyer can then collect on its own, utilize ...
By Blake Ellis Debt collector horror stories abound: There are threats to dig up the dead relatives of those who couldn't pay their funeral bills, promises to imprison debtors or take their ...