November 15, 2013

Mortgage Servicer May Start Chasing Ordinary Consumers

Ocwen, one the largest mortgage debt collectors in the United States, is considering collecting other consumers debts. Ocwen Chairmen Billy Erbey says expansion into debt collection is only natural given the substantial excess cash flow Ocwen is generating.

Debt collection is big business with billions in profit per year. Thus, debt collectors are very financially motivated to harass, bully, and scare consumers. If you are being pursued by a debt collector contact a qualified debt settlement attorney.  A qualified debt settlement attorney can use this harassment against the collector and settle the debt for a fraction of what was owed.