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Fight or Flight: Lawsuit Intimidation

Posted by Ryan D. Peterson | Sep 29, 2021 | 0 Comments

When somed debt collection agencies buy junk debt they aim to create lawsuit intimidation among consumers Have you ever been sued by a debt collection company and you have no idea who they are? You're not alone. Many people who have defaulted on credit card debt or have fallen behind in studen...

The Best Debt Collection Defense

Posted by Ryan D. Peterson | Aug 31, 2021 | 0 Comments

Many debt collectors expect you to share your private, personal details but won't tell you anything in return.  At Peterson Legal, our defense practice focuses almost entirely on representing people sued for failing to pay unsecured debt, like credit cards, student loans, and medical bills. If a...

Latest IRS Scams: How to Spot Them and Fight Back

Posted by Ryan D. Peterson | Aug 30, 2021 | 0 Comments

Here's a list of recent IRS scams, 10 ways to spot impersonators and scammers, and how you can report them IRS scams involve criminals impersonating IRS agents, other government employees or debt collectors over the phone, online or via the mail in an effort to trick you into sending them money ...

Struggling with Student Loans?

Posted by Ryan D. Peterson | Aug 26, 2021 | 0 Comments

Biden administration forgives more student loan debt—here's who is eligible Last week, the U.S. Department of Education announced it would discharge $5.8 billion in student loans held by more than 300,000 disabled Americans. That's the third round of student debt forgiveness announced since t...

Phony Debt Collection Scams

Posted by Ryan D. Peterson | Aug 19, 2021 | 0 Comments

Some debt collection scammers try to defraud Minnesotans out of money they do not even owe, making a difficult financial situation even worse. Many of the phony debt collection scams that are currently operating pretend to be collecting money in connection with a short-term, “payday” loan that t...

5 Steps to Protect Against Identity Theft

Posted by Ryan D. Peterson | Aug 19, 2021 | 0 Comments

Take action now to prevent yourself from becoming an identity thief's next victim. In 2019, the Federal Trade Commission (FTC) received more than 3.2 million reports of identity theft, according to a report from the Consumer Sentinel Network. Consumers reported credit card identity theft fraud m...

Fake and Abusive Debt Collectors

Posted by Ryan D. Peterson | Aug 13, 2021 | 0 Comments

Have you ever gotten a call about a debt you don't recognize? Or have you had a collector harass, threaten, or lie to you? If you owe a debt — or if you don't owe the debt a collector is asking about — you have rights when it comes to debt collectors. Here's what you need to know. How to Spot Fa...

What Happens If You Don't Pay a Debt Collection?

Posted by Ryan D. Peterson | Aug 03, 2021 | 0 Comments

Can you just ignore those collection notices? If you default on a credit card, loan, or even your monthly internet or utility payments, you run the risk of having your account sent to a collection agency. These third-party companies are hired to pursue a firm's unpaid debts. You're still liable ...

Combating Aggressive Debt Collection

Posted by Ryan D. Peterson | Aug 03, 2021 | 0 Comments

A Washington D.C. council is pushing forward legislation that will further protect consumers against “unfair and abusive debt collection practices”. D.C. Council Chairman Phil Mendelson and Attorney General Karl Racine are putting forward legislation to protect District consumers and modernize ...

Collections Lawsuit Could Be Dropped

Posted by Ryan D. Peterson | Aug 03, 2021 | 0 Comments

Are you facing a debt collections lawsuit? Being hit with a debt collection lawsuit can be unnerving. At Peterson Legal, our defense practice focuses almost entirely on representing people sued for failing to pay unsecured debt, like credit cards, student loans, and medical bills. If a consumer...

Will Biden Extend Federal Student Loan Pause?

Posted by Ryan D. Peterson | Jul 15, 2021 | 0 Comments

Senators Warren, Smith and Markey urge Biden to extend federal student loan pause to March 31, 2022 Since March 27, 2020, federal student loan interest rates have been set to 0% and payments have been paused, giving borrowers roughly $72 billion in student loan interest relief and helping many m...

Have You Been Sued by Midland Credit Management?

Posted by Ryan D. Peterson | Jul 15, 2021 | 0 Comments

Have you been sued by Midland Credit Management?  But you have no idea who Midland Credit Management is? You're not alone.  Many people who have defaulted on credit card debt or have fallen behind in student loan payments receive correspondence and are sometimes served with lawsuits from the deb...

Have You Been Sued by LVNV Funding?

Posted by Ryan D. Peterson | Jun 30, 2021 | 0 Comments

Have you been sued by LVNV Funding?  But you have no idea who LVNV Funding is? You're not alone.  Many people who have defaulted on credit card debt or have fallen behind in student loan payments receive correspondence and are sometimes served with lawsuits from the debt company called LVNV Fund...

Get Help Facing a Debt Collection Case

Posted by Ryan D. Peterson | Jun 30, 2021 | 0 Comments

Are you facing a debt collection case and you have no idea who the debt collection company is? Junk debt buyer companies buy bad debts, usually for pennies on the dollar. Their business model is based on trying to collect the full amount from the consumer, which results in a high profit margin f...

New Guidelines: Social Media Debt Collections

Posted by Ryan D. Peterson | Jun 23, 2021 | 0 Comments

The Consumer Financial Protection Bureau has provided some welcome clarity to collection agencies surrounding how, and how much they may contact debtors using social media. The Fair Debt Collection Practices Act (FDCPA) issued new regulations that go into effect on November 30, 2021. It provides...

Federal Student Loan Interest Rates to Increase

Posted by Ryan D. Peterson | Jun 18, 2021 | 0 Comments

Federal student loans will be more expensive for the 2021-22 school year. Even so, borrowers will still see some of the lowest student loan interest rates of the past decade. Interest rates for new undergraduate federal student loans will rise from 2.75% to 3.73% for 2021-22. The interest rat...

What You Need to Know About Junk Debt Buyers

Posted by Ryan D. Peterson | Jun 14, 2021 | 0 Comments

At Peterson Legal, our defense practice focuses almost entirely on representing people sued for failing to pay unsecured debt, like credit cards, student loans, and medical bills. If a consumer fails to pay on one of these unsecured debts, a physical item is not reclaimed or repossessed.  Instea...

How To Deal With Debt Collectors

Posted by Ryan D. Peterson | Jun 03, 2021 | 0 Comments

When debt collectors call, do you know what to do? The National Association of Consumer Advocates (NACA) created a short video series on how to respond to debt collectors. Check out the first video on what to do if debt collectors contact you. If you are having problems with debt collectors, wa...

Facing A Debt Collections Case?

Posted by Ryan D. Peterson | May 27, 2021 | 0 Comments

Consider these factors when deciding if you should hire an attorney to defend against a creditor lawsuit. You have three choices when a creditor sues you for a debt you haven't paid. Allow the creditor to obtain a judgment against you (called a “default judgment”) Defend the lawsuit yoursel...

Student Loans & Biden's First 100 Days

Posted by Ryan D. Peterson | May 19, 2021 | 0 Comments

April 30, 2021, marked President Biden's 100th day in office, what has he done for student loan borrowers? He has already notched several major accomplishments, including passing a massive new stimulus package and ramping up vaccinations to help bring the pandemic under control. And so far, his...

What to Know About Debt Validation Letters

Posted by Ryan D. Peterson | May 12, 2021 | 0 Comments

It's not uncommon to receive a phone call or notice in the mail from a collection agency looking for payments. Do you have a debt validation letter? When a debt collector contacts you about an unpaid debt, your first order of business should be to obtain a debt validation (DV) letter. Under the ...

Paying For College During COVID-19

Posted by Ryan D. Peterson | May 03, 2021 | 0 Comments

Financial aid options have changed to help students pay for college during COVID-19 The pandemic has affected most aspects of family life including financing a college education. Paying for college may look different now than it did before COVID-19. If you or someone you love is currently pay...

How Much Debt Do Millennials Have?

Posted by Ryan D. Peterson | May 03, 2021 | 0 Comments

The average millennial has $27,251 in non-mortgage consumer debt—here's how they compare to other generations. Millennials are the generation with the fastest growing debt. Here's a look at what the average millennial is borrowing. Millennials are the generation with the fastest growing debt loa...

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At Peterson Legal, we focus on Criminal Defense, Collection Agency Defense, Credit Report Errors, Debt Collection Harassment, Identity Theft, and Student Loan Collections and we are here to listen to you and help you navigate the legal system.

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Peterson Legal is committed to answering your questions about Criminal Defense, Collection Agency Defense, Credit Report Errors, Debt Collection Harassment, Identity Theft, and Student Loan Collections issues in Minnesota.

We offer a Free Consultation and we'll gladly discuss your case with you at your convenience. Contact us today to schedule an appointment.