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Government is Making Debt Recovery a lot Harder

Nexa Collect

The US government has thrown a slew of laws on collection agencies, making bad-debt recovery harder and costlier. Our government’s intention behind these laws is not wrong, but the ground reality is different. . Lower recoveries mean, low recoveries and extensive loss for businesses and doctors.

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Debt collectors re-evaluate medical debt furnishing in light of data integrity issues

Collection Industry News

This decline, as well as insights from CFPB market monitoring, suggests that debt collectors are moving away from reporting (or furnishing) medical bills to credit reporting companies, resulting in fewer medical tradelines on consumer credit reports.

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3rd Circuit Ruling On Bar Codes Has Implications For Debt Collectors

Collection Industry News

A recent decision in the 3rd Circuit should prompt debt collectors to review their inclusion of viewable bar codes, QR codes or other technologies when sending debt collection letters. The post 3rd Circuit Ruling On Bar Codes Has Implications For Debt Collectors appeared first on Collection Industry News.

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Common Myths About Using a Collection Agency

Credit Management Company

Companies hire debt collection agencies to collect debts on their behalf. Sometimes, businesses may even sell their debt to collection agencies. In that case, those businesses no longer own the debt you’re paying. Regardless of why the debt collectors pursue the debt, the agency contacts you for a reason.

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How To Remove FirstPoint Collections from Your Credit Report

Better Credit Blog

You may start getting calls from a debt collector. Failing to pay your bills will cause the debt to move to collections. One such debt collector that you may hear from is called FirstPoint Collections. Removing a debt collector from your credit report isn’t easy, but it is worth it. public utilities.

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How to Stop ARS National Services

Debt Collection Answers

The Fair Debt Collection Practices Act (FDCPA) and other laws provide you with rights and protections that you can use to fight back against such behavior. When dealing with a debt collector like ARS National Services, confirming that the debt is yours is important. What is Associated Recovery System Collection?

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How To Remove Penn Credit from Your Credit Report

Better Credit Blog

Today, we’ll walk you through all the details you need to know about Penn Credit and debt collectors in general so you can have them taken off your report in no time. Penn Credit Corporation is a legitimate debt collector , one that is headquartered in Harrisburg, Pennsylvania. What Is Penn Credit Corporation?