Wednesday, September 15, 2010
If you are a consumer who is looking for debt relief or information on debt settlement companies, it is important to do a sufficient amount of research prior to selecting a company to work with. You may find helpful debt help information online at any number of websites or blogs dedicated to providing individuals with helpful resources pertaining to the subject.
Thursday, April 15, 2010
Law Offices of Melissa Ferris
Melissa Ferris became a lawyer in 1999, and in 2002 started her practice as a consumer debt collector. She belongs to The Florida Creditors Bar Association, as well as being a member of
NARCA, or the National Association of Retail Credit Attorneys. Essentially the Law Offices of Melissa Ferris are debt collectors and must follow all the practices and standards of collecting debt.
NARCA is an association built by legal collection lawyers to help aid other legal collection lawyers, though they to have classes set up for debtors to help find patterns for why debtors get into debt. Legal collections is also a misleading term, is simply means collections attempted by a lawyer, mostly ending in a law suit.
The Law Offices of Melissa Ferris specialize in mostly retail debt and consumer debt. They work on a contingency payment basis, meaning they only get paid if they win. They are centered in Orlando, Florida, and can legally practice throughout all of Florida.
There are a couple of differences between legal collections and traditional collections. Most of the time legal collections are done on contingency basis. This means that law offices such as the Law Offices of Melissa Ferris usually only get paid if they win. Another difference is that usually legal collections are more aggressive, and more effective, as most people don't understand what their rights are, or do not even bother showing up to the summons.
It turns out most of these kinds of cases can be easily defensible,despite there aggressive stance. There is a statute of limitations on debts, and if they are resorting to legal collections it means that the debtor is nearing the end of the statute of when debt can be reasonably and legally collected. This aids debtors in their defense if the debtor has shown any actions to indicate payments attempted, or if the debtor “falls off the grid”.
As many debts come to the end of there statute of limitations, collectors and businesses will usually employ legal collections on the debtor, they are usually aggressive and usually try to use courts to compel payment, however most cases are easily defensible and easy to fight given the debtor wants to, especially if that debtor has shown attempts to pay off the debt. The best way to counter this measure is to hire a lawyer, most lawyers can use legal powers to stop the harassment of legal collections attorneys.
NARCA, or the National Association of Retail Credit Attorneys. Essentially the Law Offices of Melissa Ferris are debt collectors and must follow all the practices and standards of collecting debt.
NARCA is an association built by legal collection lawyers to help aid other legal collection lawyers, though they to have classes set up for debtors to help find patterns for why debtors get into debt. Legal collections is also a misleading term, is simply means collections attempted by a lawyer, mostly ending in a law suit.
The Law Offices of Melissa Ferris specialize in mostly retail debt and consumer debt. They work on a contingency payment basis, meaning they only get paid if they win. They are centered in Orlando, Florida, and can legally practice throughout all of Florida.
There are a couple of differences between legal collections and traditional collections. Most of the time legal collections are done on contingency basis. This means that law offices such as the Law Offices of Melissa Ferris usually only get paid if they win. Another difference is that usually legal collections are more aggressive, and more effective, as most people don't understand what their rights are, or do not even bother showing up to the summons.
It turns out most of these kinds of cases can be easily defensible,despite there aggressive stance. There is a statute of limitations on debts, and if they are resorting to legal collections it means that the debtor is nearing the end of the statute of when debt can be reasonably and legally collected. This aids debtors in their defense if the debtor has shown any actions to indicate payments attempted, or if the debtor “falls off the grid”.
As many debts come to the end of there statute of limitations, collectors and businesses will usually employ legal collections on the debtor, they are usually aggressive and usually try to use courts to compel payment, however most cases are easily defensible and easy to fight given the debtor wants to, especially if that debtor has shown attempts to pay off the debt. The best way to counter this measure is to hire a lawyer, most lawyers can use legal powers to stop the harassment of legal collections attorneys.
First Select Corporation
First Select Corporation is a wholly owned subsidiary of Providian Financial Corporation. First Select Corporation was established in 1998 as a means to support the efforts of the Providian Group and it quickly became a large profit center for the company.
The Providian Financial Group was at one time one of the largest issuers of credit cards in America. The company put most of its focus on the low income group, awarding them credit at extremely high interest rates. Providian Financial came under fire in the late 1990s with a series of class action law suits charging that the company used overly aggressive sales tactics to persuade its customers to accept credit and then disguised the terms and conditions of the interest payments and payment schedules.
The First Select Corporation was established to buy up the distressed debt from Providian National Bank at a percentage of what the debt was worth. First Select then took steps to collect on these debts through their call centers. Each First Select call center employee was supposed to aim for finding a “right-party connect” or establishing that the person on the other end of the line was the owner of the debt. The next step was to extract a “promise to pay” or at least a “promise to pay in part”.
By following these simple guidelines First Select Corporation managed to secure over $1 billion in contract within one year of operation. This was a huge milestone and it was appropriately celebrated by the parent company.
First Select Corporation was also proud of its operations. It saw its role as providing value to both sides of the equation. First Select Corporation’s first president Roger Van Duinen is quoted in October 1999 as saying “Our goal is to bring value both to the financial institutions from whom we purchased the accounts and to our newly acquired customers by helping them to rebuild their financial strength.”
However, if the numerous forum complaints on wrongful credit report filings and bad service are anything to go by, the company has not managed to uphold its promise to bring value to clients. There are countless posts from puzzled customers who claim that First Select had contacted them about an overdue account but they could not get in touch with the company to respond to the claims.
The dealings of Providian National Bank were taken over by Washington Mutual in 2005, but there seems to be no contact information available for its subsidiary First Select Corporation.
The Providian Financial Group was at one time one of the largest issuers of credit cards in America. The company put most of its focus on the low income group, awarding them credit at extremely high interest rates. Providian Financial came under fire in the late 1990s with a series of class action law suits charging that the company used overly aggressive sales tactics to persuade its customers to accept credit and then disguised the terms and conditions of the interest payments and payment schedules.
The First Select Corporation was established to buy up the distressed debt from Providian National Bank at a percentage of what the debt was worth. First Select then took steps to collect on these debts through their call centers. Each First Select call center employee was supposed to aim for finding a “right-party connect” or establishing that the person on the other end of the line was the owner of the debt. The next step was to extract a “promise to pay” or at least a “promise to pay in part”.
By following these simple guidelines First Select Corporation managed to secure over $1 billion in contract within one year of operation. This was a huge milestone and it was appropriately celebrated by the parent company.
First Select Corporation was also proud of its operations. It saw its role as providing value to both sides of the equation. First Select Corporation’s first president Roger Van Duinen is quoted in October 1999 as saying “Our goal is to bring value both to the financial institutions from whom we purchased the accounts and to our newly acquired customers by helping them to rebuild their financial strength.”
However, if the numerous forum complaints on wrongful credit report filings and bad service are anything to go by, the company has not managed to uphold its promise to bring value to clients. There are countless posts from puzzled customers who claim that First Select had contacted them about an overdue account but they could not get in touch with the company to respond to the claims.
The dealings of Providian National Bank were taken over by Washington Mutual in 2005, but there seems to be no contact information available for its subsidiary First Select Corporation.
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