Debt Buyer Gets Caught With Data Pants Down and Law Firm Loses Big Bucks to Consumer

A recent $311,000 judgment against a North Dakota law firm makes it apparent why the debt buyers have to be very careful when relying on the data supplied by the previous owners. Back in the 1990s a Montana man had a Chase credit card with a $3,000 balance. He became disabled and unable to repay the debt. Chase charged the debt off and sold the account to a debt buyer, CACV of Colorado. In 2006...