Report: Debt agencies wrongly ruin credit reports - WFMJ.com News weather sports for Youngstown-Warren Ohio

Report: Debt agencies wrongly ruin credit reports

Updated:

COLUMBUS, Ohio (AP) - An Ohio newspaper says that thousands of consumer complaints filed with federal and state agencies say debt collectors have ruined credit reputations over debts never owed or already paid.

The Columbus Dispatch (bit.ly/UumetY) reported Sunday that some debt collectors have forced consumers into paying debts that are erroneous or fraudulent.

Debt collectors maintain that such instances are rare and often the fault of the original creditors.

Government regulators, watchdogs and consumer advocates have called for changes to the federal law that governs debt collection and allows debt collectors almost unregulated access to credit reports.

The debt collection industry says only a fraction of the 4 million consumers it deals with each year file formal complaints.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • More NewsMore>>

  • ECOT closure leaves Valley students scrambling

    ECOT closure leaves Valley students scrambling

    Friday, January 19 2018 2:25 PM EST2018-01-19 19:25:32 GMT

    Friday was the final day of classes for the Electronic Classroom of Tomorrow, also known as "ECOT." Ohio's largest online charter school is closing down after losing its sponsor, leaving thousands of students scrambling. For the Earl family in Leavittsburg, it's reluctantly onto Plan B. 

    More >>

    Friday was the final day of classes for the Electronic Classroom of Tomorrow, also known as "ECOT." Ohio's largest online charter school is closing down after losing its sponsor, leaving thousands of students scrambling. For the Earl family in Leavittsburg, it's reluctantly onto Plan B. 

    More >>
  • ICE takes businessman into custody; Hundreds protest

    ICE takes businessman into custody; Hundreds protest

    Saturday, January 20 2018 4:59 PM EST2018-01-20 21:59:54 GMT

    A protest is underway in downtown Youngstown, over Immigration Customs Enforcement taking the owner of downtown Circle into custody.

    More >>

    A protest is underway in downtown Youngstown, over Immigration Customs Enforcement taking the owner of downtown Circle into custody.

    More >>
  • Local lawmakers react to government shutdown

    Local lawmakers react to government shutdown

    Saturday, January 20 2018 2:21 PM EST2018-01-20 19:21:36 GMT

    Local lawmakers are speaking out after the Senate failed to pass a short-term spending bill Friday night, leading the federal government to shut down. 

    More >>

    Local lawmakers are speaking out after the Senate failed to pass a short-term spending bill Friday night, leading the federal government to shut down. 

    More >>
Powered by Frankly
All content © Copyright 2000 - 2018 WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms