Used to be a decent organization, lately they have apparently turned a blind eye to the law and gone WAY down on the quality of debt collectors they hire. We understand they are paying off many more law suit because of the violations their debt collectors are pile up. It’s the usual group of lies, threats, intimidation, of arrest, seizure and notifying third parties about debts.

Here is an email we received about them:

“When Maria of Collectcorp called us regarding an AMEX bill, she was NOT happy that we couldn't pay that day in FULL. She told my husband that if things were that bad for us, he either needed to file for Bankruptcy or blow his head off! I don't think it would matter if I'd recorded the conversation with her, she didn't actually THREATEN violence... The joke is on her, though, because there's no life insurance either! Unbelievable...”

The good news for consumers and attorneys is they DO pay the suits and pretty fast, using several reputable law firms, one in Southport, CT, and one in Houston, TX.

Head Debt Collectors and Canadian residents Linda Matheson and James Bruce Conley appear to be suffering what a LOT of older established debt collectors is up against and that is the influx of all the new blood who thinks there is a pot of gold in this industry. That competition has greatly enlarged the market, causing a thinning of both accounts and the pool of reliable collectors available. They recently opened a new office in Phoenix due to the problems in Buffalo.

Meanwhile, consumers are getting smarter, consumer attorneys are filing more lawsuits and Collect Corp is paying off. Anyone contacted by Collect Corp is advised to tape record their calls as a good tape will always result in a bigger settlement.

If you find anything on a credit report from Collect Corp., you would be wise to dispute it with the credit bureaus as “not my account.”

Make them validate their claims in writing, NEVER give a Collect Corp collector access to your banking or credit cards. Contact me for referral to a REAL consumer attorney.