Quick but important tidbit for tonight related to the old and busted finances of this town . . . Check this Internets advert looking for online assistance in an upcoming Kansas City court battle over high-finance cash. Given that so many lawyers look at this blog, this online notice doesn't just reveal the busted finances of this town but also provides an important job opportunity for so many lawyers scouting better job prospects amid the lonely evening hours.
Check it:
Attorney Needed to File Suit (Kansas City)
We are a small finance firm located in Highland Park, IL. We purchase packages of charge-off debt, including auto deficiency, commercial and consumer accounts, all of which are in default. We are looking for an attorney who can file suit against the debtors of these charge-off accounts and obtain a judgment.
In this case, the area is Kansas City.
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Hey TKC, here's a story for you. KC is so broke that they're bringing down the debt raiting of surrounding metros. Take a look at it and then fire your mayor.
ReplyDeleteFile suit against whom? What are they collecting? E Tax?
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ReplyDeleteCould this sweat-house be in the business of collecting those pesky internet high interest loans?
Or, wait, oohhh those scary Zombie Debts!
It is the witching season!
Maybe Mike Sanders should keep this ad handy.
Since JoCo lawyers lined the pockets of James, you fire him!
ReplyDeleteThis is a scam. These guys go back, sometimes decades, and buy debt. It is usually something lile the doctor you didn't pay ages ago, something that got missed when you went through your divorce years, some old cable tv bill, one of those old pagers tht automatically renewed so the ran up your account for 3 years when you didn't even know it, sometimes debt you don't even owe and so on ago. It's pretty much a scam business model, but they will ride you into the ground before you go postal and kill their ass.
ReplyDeleteYep, that's a zombie debt collector
ReplyDeleteThese scumbags are the worst of the worst. Charged off means just that. They are going after stuff that often times has been paid. They are just third-party shitbags who try to scare people into paying debts they don't usually really owe.
ReplyDeleteOoh did you see this ad? If we churn it through the Botello Logic Processor, we can conclude the porn industry is invading Kansas City.
ReplyDeleteCLEARLY, somebody's losing their grip on reality.
$15.00 an hour. I pay my porn camera men $50.00 an hour and I could give a shit if they can ties their shoes.
ReplyDeleteCK needs to hire a really good bankruptcy attorney. Like Detroit did. And thank Sly James.
ReplyDeleteBottom feeders. They buy bad debts (often including credit card debt, and often including debts that are truly not owed) for pennies on the dollar, then file suit. They add penalties, late fees, interest court costs and attorney fees, so a $200 debt usually grows to $1,000. Probably 90% of the defendants don't show up, so the "finance company" gets a default judgment. Then the poor sucker finds his wages are garnished, but by then it is too late.
ReplyDeleteStanding up to these bullies takes time and some knowledge, but if you send them discovery requests asking for copies of their records, they will eventually go away because all they have is a spreadsheet. They certainly won't send a live witness, which they would need to win a trial. I have defended about 10 of these, usually pro bono, and have won every single one.
The lawyers who respond to these ads and show up for the docket calls are often disheveled dried up old alchies who can't find real work.
High finance? More like low finance. Lawyers representing debt buyers are increasingly at risk of getting nailed with Fair Debt Collection Practices Act lawsuits for bringing dodgy claims.
ReplyDeleteThey sure are not expecting to get much competence out of a lawyer for $250 + costs. Sounds like a good moonlight job for Sly. After all he's already proved he can bilk a major metropolitan area out of many millions of dollars.
ReplyDeleteI have been on the other side of this situation. Most companies sell off their written off bad debts. They may have been written off by the creditor, but that does not mean that those debts disappear.
ReplyDeleteWhen I worked for a major utility, we would sell off the written off debt for pennies on the dollar. Then the problem was no longer ours, and we did not even cooperate with the company purchasing the debt. Every once in a while, a consumer or the creditor would request copies of bills, proof they owed, etc. Sorry, not our problem anymore.
The purchasing company knew that 90% of what they bought they would not collect, but there were always people who would eventually pay. That is how they make their money. If they paid $1.00 for $100 of debt and collected $2.00, then they have doubled their money.
Even debt past the statues of limitations has been pursued. The company cannot sue you or win in court, but they can still try to collect.
Is it terrible? Yes, but so is scamming a company by stealing their services. People put utility accounts in their children's names, their mother's name (unknown to her), an anyone else's name because they already know they have existing balances out there.
Maybe the answer is that everybody should be able to get al the electricity, gas, water, cable, etc. that they want no matter what. Then everybody else gets to pay. Is that fair? Do you really want to pay the bill for your scofflaw neighbor who never pays anybody?
You forget to mention our courts cooperate with these attorneys by scheduling all of their appearances in one day. So a lawyer can go to court one day and get dozens of default judgments instead of going to court for each case. If the defense actually shows up they have to wait hours for the case and then it is scheduled for another date. They do the same thing for the city's E-tax collections.
ReplyDelete10:18 has it right; the lawyers who handle these cases are the most pathetic losers in the legal business; to call them bottom-feeders would be too kind; working at a Starbucks would be more honorable than this sorry lot.
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