Sawin & Shea

NOVEMBER 24, 2021

Many people worry that bankruptcy will simply delay the inevitable, such as a lawsuit, wage garnishment, or a foreclosure, and that their creditors will still come after them. An automatic stay is a fundamental part of bankruptcy that protects debtors from creditor actions. What Does an Automatic Stay Do? Automatic Stay Violations.

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Sawin & Shea

NOVEMBER 24, 2021

Many people worry that bankruptcy will simply delay the inevitable, such as a lawsuit, wage garnishment, or a foreclosure, and that their creditors will still come after them. An automatic stay is a fundamental part of bankruptcy that protects debtors from creditor actions. What Does an Automatic Stay Do? Automatic Stay Violations.

Bankruptcy 52

Bankruptcy Garnishment Repossession Foreclosure 52

Taurus Collect

MAY 11, 2023

It’s important to understand how credit card debt collection works so that you can find the best way for your individual situation. Overview of The Credit Card Debt Collection Process Credit card debt collection can be a stressful experience for both the debtor and the creditor.

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Taurus Collect

MAY 11, 2023

If you have a credit or debt-related problem, it’s likely that a debt collection agency could come into the picture. In fact, most creditors and lenders will use a third party to follow up on outstanding accounts as soon as they become past due. They are hired to collect the outstanding debt on behalf of the creditor.

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Debt Collection Answers

MAY 10, 2023

Your creditor might enlist Velocity Investment LLC to recover funds from you once you fail to make payments on a bill or loan. The most effective approach to handle this debt collection agency is directly addressing the root cause: removing the negative item from your credit history.

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Sawin & Shea

APRIL 6, 2021

Here are some positive things that happen during and after bankruptcy: Collection calls stop. Some people in Chapter 13 bankruptcy cases can qualify to purchase a home while the case is active. High-Pressure Tactics from Creditors. Finally, we’d like to address fears that arise from creditor harassment.

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Collection Industry News

DECEMBER 1, 2022

The hiatus that some states and companies put on debt collection activities at the height of the pandemic has largely ended, and debt collectors have resumed business as usual. Legitimate debt collectors do not make threats or harass those that they contact. Ask for Documentation. It does not resolve the situation.”.

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Taurus Collect

NOVEMBER 15, 2023

Unfortunately, many UK consumers are unaware of their legal protections and end up feeling intimidated or helpless when faced with aggressive debt collection tactics. In the following sections, we will unravel the complex world of consumer rights relating to debt collection in the UK.

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Sawin & Shea

MARCH 13, 2024

It basically serves as a legally binding promise that the person filing for bankruptcy will resume making payments in full and on time to the creditor. We can help people re-organize secured debt in various ways to help people stop repossessions or foreclosure and get back on track with payments to keep those items.

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Credit Corp

AUGUST 31, 2021

Can a debt collector collect after 10 years, for example? Can a debt collector collect after 10 years? Time-barred debts and your credit report What to do if you are contacted about an old debt COVID-19 and debt collections. Can a Debt Collector Collect After 10 Years? Find out in the informational guide below.

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PDC Flow

AUGUST 11, 2023

Email for debt collection is more popular than ever and there are good reasons why. Types of Emails for Debt Collection Debt collectors know email serves consumers better–and many have chosen tools to make this happen. But no matter how successful email collection can be, it still requires human intervention.

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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.

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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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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. The company expects to have sufficient funds to fully repay unsecured creditors. Bittrex had previously paid more than $29 million in fines for alleged U.S.

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Financial services Debt collector Loans Foreclosure 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.

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Better Credit Blog

JULY 13, 2020

Are you getting harassing phone calls and letters from a company called Nationwide Recovery Service? Nationwide Recovery Service will also appear on your credit report as a collection agency, which can damage your credit score. Nationwide Recovery Service will appear on your credit report as a collection agency.

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Better Credit Blog

DECEMBER 29, 2020

They are aggressive, and they will not stop unless you pay them or remove their account from your collection account. We can help you remove their collection account from your credit report. The culprit behind these cases and complaints is their disregard of the Fair Debt Collection Practices Act (FDCPA).

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Better Credit Blog

SEPTEMBER 30, 2020

AFS Acceptance is a debt collection company that pursues people for payments on outstanding debts. The presence of a collection account on your credit report can impact your credit score for up to seven years, even after you have paid off the debt. You can still get the collection removed from your credit report.

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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. In March of 2020, Burr published an article discussing the global pandemic’s impact on collection practices.

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