Palisades leverages your credit score to squeeze money from you.

Mine situation is pretty ridiculous also. I originally had an AT&T cell account. Due to military assignment I was shipped overseas. Before I transferred, I called AT&T to discontinue service. Needless to say, they never did and charged me one extra month's amount (approx $35). By the time after going through military mail system, I got the bill it was 2 months later. I found AT&T had sent it to a collections agency. I tried to call the collections and was placed on hold, this call I was making was an international call and it quickly surpassed the amount I was supposed to have owed. I ended sending the amount owed and nothing more stating that I didn't even owe that amount to begin with. For some reason Palisades continued to tack on late fees not supposedly to an amount of $460, ridiculous! Just out of principal I refuse to pay but it keeps showing up in my credit report. I have written to the BBB and it is recorded on the credit bureaus that I dispute the charge. It is dated in 2005, which is also ridiculous because Palisades simply recharged me to refresh the original charge in 2004.
I would so like to participate in a class action lawsuit against them.