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Can a Collection Agency Report to the Credit Bureau Without Notifying You?

Credit Corp

Knowing illegal debt collection practices can help identify when you’re being treated unfairly. The Fair Debt Collection Practices Act is a federal law that protects consumers against certain unfair collection practices. Attempts to Collect a Debt Not Owed. Communication Tactics.

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Does Paying Off Collections Improve Your Credit Score?

Credit Corp

How Does Collections Debt Affect Your Credit Score? Collections debt shows up as a negative mark on your credit and, as a result, will significantly harm your credit. Also, make sure to get any communication from the collection agency documented in writing and keep a copy of your letter. or after 9 p.m.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest COVID-19 driven events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities. Federal Activities: On March 6, the U.S. State Activities. Senate passed a $1.9

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Debt Collection and Estates: District of New Jersey Court Grants in Part and Denies in Part Defendant’s Motion to Dismiss FDCPA Case

Troutman Sanders

Greenspoon Marder LLP , Judge Vazquez of the District Court for the District of New Jersey granted the defendant’s motion to dismiss the plaintiff’s Fair Debt Collection Practices Act (FDCPA) claim in part and dismissed it in part. ” The court analyzed each of the plaintiff’s contentions in turn.