List of Debt Collectors Known
as "Bottom Feeders"
Today, consumers are being inundated with demands for payments on accounts from what the industry refers to as ‘Bottom-Feeders, Debt Buyers and Blood Suckers.” These are debt collectors who purchase debts for pennies, then hope they can intimidate you to pay them, usually at an inflated price.
The fact that they now own the debts does not always mean they can legally collect on them or file lawsuits.
These entrepreneurs came to life in the mid 90’s and have exploded on the scene ever since. They buy debts or portfolios from original creditors, or used portfolios with lesser value from brokers. These portfolios contain defaulted credit card, automotive, unpaid medical, utility, student loans and other loans that went unpaid for a variety of reasons. The average price they pay is 2-3¢ on the dollar and gamble they can convert them into a profit. Many portfolios are outdated, meaning they are past the statute of limitations for collecting in most states (usually about four years), or they are in statute, meaning they can collect under your state laws. The fact that they now own the debts does not always mean they can legally collect on them or file lawsuits. There are many factors that must be evaluated and laws to adhere to that include your states statute of limitations, bonding and licensing requirements and other criteria. We will attempt to explore some of the facts and share experiences of dealing with these demons of the collection industry.
Bad Reputations
The bottom feeders are considered the low-life's of the debt collection industry
because of the trouble they cause and the bad reputations they have aptly earned.
Unfortunately the debt collectors who try to play by the rules, suffer the social
stigma earned by these parasites. Many of them have failed at success and are desperate
for achievement and recognition, so they gamble on the purchase of a portfolio that
could be their dream of financial success. The collectors they hire to accomplish
this are the cast offs of the industry. Most are seasoned veterans, whose battle
ribbons include a long list of former employers, former girlfriends, unpaid child
support, used cars, bad credit, a Friday meeting with a probation officer and a
drug habit. In Buffalo, NY some actually show up for work with ankle bracelets on,
in Huntington Beach, CA drug tests would create an unemployment problem. These are
not your normal office workers, most lack basic business ethics, are under educated,
to them a day of yelling and screaming is considered normal. Their world is one
of high pressure all day every day, living paycheck to paycheck and the allure of
making a fast buck on the next phone call. They work on a commission and are desperate
to make their next paycheck at your expense, with little or no regard for the law
or your rights. They scream, yell, threaten, intimidate and impersonate, their motto
is ‘WHATEVER IT TAKES’ as they have only one goal; SEPARATING YOU FROM YOUR MONEY!
Here is a partial list of "Bottom Feeders"
Academy Collections
Account Management Services
Account Solutions Group
AIS Services, LLC
All Debt Traders, LLC
Allen, Lewis, & Associates, Inc.
Alliance One, Inc.
Allied Interstate, Inc.
Allied National/Interstate Risk Management Alternatives (RMA)
Allstate Adjustment Bureau
Allstate Financial Services
Aman Collection Service
American Acceptance
American Coradius, Inc.
American Legal Recovery
Ameriquest Recovery Services
AMO Recoveries
Ariel Financial Services
Arrow Financial Services (majority interest acquired by Sallie Mae 9/04)
Asset Acceptance (AAC)
Asta Funding
Atlantic Credit & Finance
Attention, LLC
Bass and Associates
Baumann Law Firm
Bay Area Credit Services
Bennett & DeLoney, PC
Booth and Associates
Boyjian Law Offices
Brenda Lee Kretschman
Bronson & Migliaccio, LLP
Buffaloe & Associates, Lawyers
Business Office Systems & Solutions-BOSS
C. Water Recoveries
CACV aka CACH, LLC
California Financial Credit Association
CAMCO (Capital Acquisitions & Management Company)
Capital Management Services
Capital Recovery Services Group
Carl A. Steinbrenner
Cavalry Portfolio Services
Cavalry Portfolio Services, LLC
Civil Claims Asset Investigative Services
Client Services, Inc.
CMC Recovery Services, Inc.
CMKS Holdings, LLC
Cohen & Slamowitz, LLP
Coldata Collection Agency
Collect America, CACV aka CACH, LLC
Collect Corp., Inc.
Collectech Systems, Inc.
Collins Financial Services
Collins Law Office
Colonial Credit Corporation
Commonwealth Financial Systems, Inc.
Consumer Credit Association
Consumer Recovery Associates
Continental Credit
Continental Fairways Group
Convergys
CPS Investigations
Credit Collection Service
Credit One, LLC
Credit Services, FAIC
Credit Systems International
Creditors Financial Group
Creditors Interchange Rcvble Mgmt, LLC
CRS Capital Recovery Services
Curtis O. Barnes
Daniels & Norelli, P.C.
DC Credit Services
DeLoney Law Group, PLLC
Delta Group aka Joseph, Ortiz & Epstein, LLC
DMG Consulting
Donald S. Burak, Attorney
Douglass R. Burgess
Ebbets Partners
eCast Settlement
Edward T. Burke & Associates. P.C.
Elite Recovery Services, Inc.
Ellis Crosby and Associates
Encore Capital Group
Encore Capital Group (parent of Midland Credit Mgmt)
Encore Receivable Management
Endeavor Financial Partners, LLC
ER Solutions
Eskanos & Adler, PC
Estate Recoveries
Evans Law Offices
Excalibur
FBCS Federal Bond & Collection Service
Federal Credit Corp.
Federal Credit Recovery/FCR Offices
Financial Credit Services
First American Investment Corporation
First Revenue Assurance
First Select Corporation (part of Providian)
GC Services
Gemini Recoveries, Inc.
Genesis Financial Corp.
Gerald E. Moore & Associates
Giove Law Office, P.C.
Global Acceptance Credit Company (GACC)
Global Asset Investigation Services, LLC
Goggins & Lavintman, PA
Go-More Financial, Inc.
Great Seneca Financial Corp.
Greenberg, Grant & Richards, Inc.
Greenman and Donahue, Inc.
Gulf State Credit
Hanna, Frederick J. & Assoc.
Harold E. Scherr, Attorney
Harrison Ross Byck, Esq.
Harry Cohn and Scott M. Miller
Hosto and Buchan
Household Recovery Services Corp.
Hudson & Keyse, LLC
Hull & Associates, P.C.
Integrity Resolution Group, LLC
Int'l Portfolio Management
Jack Wolf
James A. Cambece aka Tough Tony
Javitch, Block & Rathbone LLP
Jay A. Taylor, P.C. Attorney
JBC & Associates
John W. Harker CACV
Joseph, Ortiz & Epstein, LLC aka Delta Group
Kravitz, Schnitzer, Sloane, Johnson & Eberhardy, CHTD
Lang, Richert & Patch
Law Office of Christopher Ranieri
Law Offices of Larry Roach
Law Offices of WC French
Lawrence R. Boivin, Lawyer
LDG Financial ServicesII, LLC
Leasecomm Corporation
Legal Recovery Services, Inc.
LHR, Inc.
Limited Financial Services, L.P.
Louis Vasques Law Office
Love, Beal & Nixon, PC
LVNV Funding, LLC
Magnus Services, Inc.
Makel Ann Wright--The Law Center
Mann-Bracken, LLC
Marauder Corporation
McKelvey Law Office
Meadows Law Office--Sheree Meadows
Mel S. Harris & Associates
Merchant's Credit Guide Company
Messerli & Kramer
Michael D. Dendy
Midland Credit Management, Inc.
Mitchell N. Kay, P.C.
MRS Associates, Inc.
Myers & Porter, Attorneys
National Acceptance
National Action Financial Services, Inc.
National Asset Management
National Asset Services Company
National Credit Adjusters
National Enterprise Systems
National Financial Systems
National Revenue Corporation
Nationwide Capital Recovery
Nationwide Credit, Inc.
Nationwide Revenue Corporation
NCO Financial Systems
Neuheisel Law Firm, PC
New Horizon Credit, Inc.
New Vision Financial
North Shore Agency
North Star Capital Acquisitions, LLC
Northeast Credit & Collections
Oliphant Financial Corp.
Omnia Credit Services
O'Neill Management, Inc. Investigators
OSI Portfolio Services
OSI/Outsourcing Solutions
Ozark Capital Corporation
Pacific Coast Collections (Alliance One)
Pallisades Collections, LLC
Penn Credit Corporation
Performance Capital Management
Phillips & Burns, LLC
Phillips & Cohen Associates, Ltd.
Phoenix Asset Acceptance
Pinnacle Asset & Capital Management Group, LLC
Plaza Associates
Portfolio Exchange
Portfolio Mangement of Amherst, LLC
Portfolio Recovery Assoc
Preferred Platinum Plan
Pro Collect, Inc.
Quadrant Group LLC--The Recycle Shop
RCS Centre Corp.
Redline Recovery Services, LLC
Regent & Associates, P.C.
Resurgent Capital Services/Sherman
Reynolds & Jacobson
Riddle & Associates
Risk Management Alternatives (RMA)
RJM Acquisitions
Rosenthal & Colby, Inc.
Sagres Company
Sam W. Streeter, Lawyer
Schreiber and associates, PC
Scott P. Lowery, PC aka CACH, LLC
Shekinah, Inc.
Sherman Acquisitions/Sherman Financial Group/Alegis NCO Group
Specified Credit Association
Stanley Weinberg & Associates
Steven A. Booska
Stevens & James Debt Collections
Stouwie & Mayo
Superior Asset Management
Surpas Resource Corporation
Tabula Rasa, Inc.
The Bureaus, Inc.
The Credit Store
Thomas K. Barnford/Timothy L. Elder
Timothy L. Elder/Thomas K. Barnford
Titan Recovery Group, LLC
Trak America Enterprises, LLC
Transcontinental Adjustment Group
Trauner, Cohen & Thomas
Triadvantage Credit Services
TrueLogic Financial Corp.
United Collectors
United Legal Corporation
United Recovery Systems
US Audit Control
Van Ru Credit Corp.
Varde
VRM Collections--Vigden Receivables Management
Warren H. Wolter, Attorney
Weltman, Weinberg & Reis
Wendt Law Offices
West Asset Management, Inc.
Westmoreland Agency
Westmoreland Agency
Winn And Sims, P.C.
Worldwide Asset Purchasing, LLC
Zenith Acquisition Corp.
Zwicker & Associates, P.C.
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