Credit Corp

NOVEMBER 1, 2020

For many people, a call from a debt collector about a past due or delinquent account with no prior communication may signal that they’re dealing with a debt collection scammer. Find out what to do if you’re suddenly dealing with an unexpected collections account. But you do have rights under the law.

Debt collector 98

Debt collector Collections Collection Agencies Collections Agency 98

Taurus Collect

OCTOBER 30, 2023

If you find yourself in this predicament, it might be time to consider engaging the services of a third-party collection agency. One popular model attracting businesses is the ‘debt collectors no win no fee’ approach, which ensures that you only pay when the agency successfully recovers your debts.

Collection Agencies 52

Collection Agencies Collections Agency Collections Debt Recovery 52

True Accord

OCTOBER 10, 2023

If you’re a creditor or collector working with financially distressed borrowers, considering consumer situations and preferences when collecting is critical to your success. While recent indicators suggest that economic activity has been expanding and the U.S. What’s Impacting Consumers and the Industry? And approximately 4.6%

Student loans 82

Student loans Student Loans Loans Personal loans 82

Troutman Sanders

DECEMBER 7, 2021

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. State Activities. Privacy and Cybersecurity Activities.

Financial services 52

Financial services Debt collector Consumer Credit Credit Card Debt 52

Consumer Financial Services Law

APRIL 23, 2021

District Court for the District of New Jersey recently expressed “judicial displeasure” with the language in a collection letter when it granted in part and denied in part a debt collector’s motion to dismiss a putative FDCPA class action for failure to state a claim. By: Landon G. Van Winkle The U.S. Advanced Call Ctr.

Debt collector 40

Debt collector Banks Creditors Credit Card Debt 40

Credit Corp

DECEMBER 14, 2020

Whether you have medical debt, credit card debt or unpaid student loans , getting calls or letters from debt collection companies can be frustrating. Can a debt collector collect after 10 years? Here’s an overview of the timelines for debt collection and what to do if you’re contacted about an old debt.

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Debt collector Collections Judgment Collection Agencies 98

Better Credit Blog

NOVEMBER 2, 2020

Action Financial Services is a debt collection agency that may have been hired by the original owner of your debt. They have a reputation as being an aggressive and relentless collector. In order to pursue you for the debt, Action Financial Services has to first open up a collections account on your credit report.

Financial services 74

Financial services Debt collector Collection Agencies Collections Agency 74

Credit Corp

AUGUST 31, 2021

Getting calls from debt collectors can be frustrating and even confusing. Can a debt collector collect after 10 years, for example? Can a debt collector collect after 10 years? How long can a debt collector pursue an old debt? Can a Debt Collector Collect After 10 Years? In This Piece.

Debt collector 98

Debt collector Collections Collection Agencies Collections Agency 98

Troutman Sanders

MAY 5, 2022

Summarized below are those issues identified in the areas of auto servicing, consumer reporting, credit card account management, debt collection, deposits, mortgage origination, prepaid accounts, remittances, and student loan servicing. Failing to resolve disputes within two complete billing cycles after receiving a billing error notice.

Financial Institution 52

Financial Institution Repossession Debt collector Lender 52

Troutman Sanders

MAY 10, 2021

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. State Activities. Privacy and Cybersecurity Activities.

Financial services 52

Financial services Fair Debt Collection Foreclosure Debt collector 52

Troutman Sanders

OCTOBER 19, 2021

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. State Activities. Privacy and Cybersecurity Activities.

Financial services 52

Financial services Student loans Student Loans Debt collector 52

Collection Industry News

JULY 20, 2020

DEBT COLLECTORS, facing growing demands to freeze the collection of debt across the country amid the economic hardship caused by the coronavirus pandemic, are mobilizing their lobbyists to push back. In New York, residents are receiving a 30-day reprieve from the collection of state-owned medical and student debt.

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Garnishment Collections Debt collector Accounts Receivables Management 40

Better Credit Blog

OCTOBER 30, 2020

Being contacted by a debt collector is scary. One debt collector you may hear from is called Global Credit & Collection Corp. They are on-par for collectors in terms of reputation and collection tactics. What is Global Credit & Collection Corp? Know Your Rights. Goodwill Deletion.

Collections 52

Collections Debt collector Fair Debt Collection Collection Agencies 52

Collection Industry News

MAY 9, 2022

Summarized below are those issues identified in the areas of auto servicing, consumer reporting, credit card account management, debt collection, deposits, mortgage origination, prepaid accounts, remittances, and student loan servicing. Failing to resolve disputes within two complete billing cycles after receiving a billing error notice.

Financial Institution 40

Financial Institution Repossession Debt collector Student loans 40

Better Credit Blog

APRIL 1, 2022

The longer you avoid a debt collection agency like Credence, the more damage the agency can do to your credit score. Credence Resource Management, LLC, is a debt collection agency that was founded in Nevada in 2013, with its current headquarters in Dallas, Texas. Is Credence Resource Management, LLC, contacting you about unpaid debts?

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Third-party Debt Collectors Collection Agencies Collections Agency Fair Debt Collection 73

Better Credit Blog

FEBRUARY 22, 2021

Frontline Asset Strategies is a debt collector that you may hear from when you start to miss payments. They are a third-party debt collector that specializes in recovering unpaid bills from consumers like you or me. Not only are debt collectors annoying, but they can have detrimental effects on your credit score as well.

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Debt collector Third-party Debt Collectors Collections Lender 53

Collection Industry News

SEPTEMBER 12, 2022

The first half of 2022 has seen a flurry of state and federal activity attempting to reign in “convenience fees”—fees charged by a creditor, debt collector, or third party to a consumer for making a payment via some means other than a check or cash, such as over the phone, online, or in some other expedited manner. In January, the U.S.

Debt collector 40

Debt collector Creditors Collections Loans 40

Collection Industry News

OCTOBER 6, 2020

It was a great time to be a debt collector. It primarily had the CARES Act to thank: The bill delivered hundreds of billions of dollars worth of stimulus checks and bulked-up unemployment benefits to Americans, while easing pressures on them by halting foreclosures, evictions and student loan payments. Elizabeth A.

Debt collector 40

Debt collector Garnishment Banks Foreclosure 40

Better Credit Blog

JULY 13, 2020

Nationwide Recovery Service will also appear on your credit report as a collection agency, which can damage your credit score. Nationwide Recovery Service and other collection agencies are notoriously unpleasant to deal with, but their impact on your credit score is far worse than a stern letter. Validate the Debt. Know Your Rights.

Debt collector 52

Debt collector Collection Agencies Collections Agency Fair Debt Collection 52

Re:Ceeve

JULY 9, 2020

How is it shaping the world of debt collection? What do debt collectors have to know about millennials as they move towards centre stage in the global economy? On the other hand, millennials, though willing, are not able to put aside money for their retirement , since not much of their salary is available after paying bills.

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Student loans Student Loans Loans Debt collector 68

National Service Bureau

APRIL 29, 2015

Have you been contacted by a debt collector recently, and not sure what to do? Your options are to dispute the debt, restrict the activities of the collection agency, or to pay the debt. The Consumer Financial Protection Bureau has letter templates you can send to a debt collector that address this situation.

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Debt collector Collection Agencies Collections Agency Lawyers 40

Burr Forman

DECEMBER 4, 2020

Financial institutions, servicers, lenders, and debt collectors must stay up-to-date on evolving federal and state laws stemming from the COVID-19 pandemic, as such laws impact all facets of consumer loan servicing and debt collection. This Bulletin serves as an update to that non-exhaustive compilation of information.

Financial Institution 52

Financial Institution Garnishment Collections Foreclosure 52

AGA

OCTOBER 19, 2018

As a 3 rd party collection agency, we have heard it all when it comes to why once good paying customers that were easy to work with are now past due, no longer ordering and unresponsive to your attempts to contact them. Applicant’s agreement to pay for legal and collection costs. The account has stopped buying. What went wrong?

Collection Agencies 40

Collection Agencies Collections Agency Trade Collections 40

FDCPA Defense

MAY 6, 2014

The CFPB does not want debt collectors to tell consumers that paying their debts might help them to improve their credit score. Nor does the CFPB want collectors to encourage consumers to pay by informing them that their failure to do so might harm their credit. Not really.

Creditworthiness 40

Creditworthiness Debtor Debt collector Consumer Credit 40

FDCPA Defense

NOVEMBER 11, 2014

Section 1692g of the FDCPA says collectors must provide notice to consumers within five days of the initial communication regarding the debt, stating the amount of the debt, the name of the current creditor, and explaining the consumer’s right to dispute the debt and to obtain verification. Not exactly. Law Office of Mandy L. See 15 U.S.C.

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Debt collector Debtor Creditors Original Creditor 40

Collection Industry News

MAY 16, 2022

The CFPB recently issued its Spring 2022 Supervisory Highlights , discussing findings from its examinations in connection with auto servicing, consumer reporting, credit card account management, debt collection, deposits, mortgage origination, prepaid accounts, remittances, and student loan servicing. Debt Collection. Deposits.

Student loans 40

Student loans Student Loans Repossession Debt collector 40

Troutman Sanders

AUGUST 17, 2020

To help you keep abreast of relevant activities, below is 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. State Activities. Privacy and Cybersecurity Activities. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Debt collector 52

Troutman Sanders

NOVEMBER 7, 2023

On October 30, the FTC announced that it had banned the owner of a small business funding company from both the merchant cash advance and debt collection industries. It confirms that the proposed regime will not regulate activities related to already regulated cryptoassets. A similar bill, HR6003, was introduced by U.S.

Financial services 52

Financial services Debt collector Loans Foreclosure 52