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No License? No Standing! District Court Dismisses FDCPA Suit Against Unlicensed Debt Collector For Lack Of Standing

Troutman Sanders

On January 4, the District Court of New Jersey dismissed a Fair Debt Collection Practices Act (FDCPA) complaint against an unlicensed debt collector for lack of standing. The past-due debt was first sold to Distressed Asset Portfolio III, LLC (DAP III), then to Unifund CCR (Unifund) for collection.

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Third Circuit Broadens Definition of “Debt Collector” under FDCPA to Include Entities That Acquire Debt but Outsource Collection of That Debt

Consumer Finance Watch

a recent precedential decision, the Third Circuit Court of Appeals held an entity whose business is the purchasing of defaulted debts for the purpose of collecting on them falls squarely within the “principal purpose” definition of the Fair Debt Collection Practices Act (“FDCPA”), 15 U.S.C. 18-1042, __ F.3d

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How to Stop Capio Partners

Debt Collection Answers

Adding to the burden, specialized debt collectors in the medical industry can compound the stress of an already challenging situation. Capio Partners is one such agency that focuses on debt collection in the medical field. Capio Partners is a debt collection agency located in Georgia and has been in business since 2008.

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District Court Holds Letter Notifying Debtor of Change in Debt Ownership Can Fall Under FDCPA

Troutman Sanders

Axiom Acquisition Ventures, LLC (“Axiom”) bought Robert Valenzuela’s consumer debt from a bank after he allegedly defaulted on his personal loan payments. Court of Appeals for the Eleventh Circuit, that a communication from a debt collector can have dual purposes, such as giving notice and demanding payment.

Debtor 40
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District Court Holds Letter Notifying Debtor of Change in Debt Ownership Can Fall Under FDCPA

Collection Industry News

Axiom Acquisition Ventures, LLC (“Axiom”) bought Robert Valenzuela’s consumer debt from a bank after he allegedly defaulted on his personal loan payments. Court of Appeals for the Eleventh Circuit, that a communication from a debt collector can have dual purposes, such as giving notice and demanding payment.

Debtor 40
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How to Remove National Credit Services from Your Credit Report

Better Credit Blog

Failing to pay a debt may culminate into being pursued by a debt collector. National Credit Services is one such debt collector that may contact you if you fail to make payments on an overdue bill. Either way, they will open a collections account on your credit report in order to legally pursue payment.

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How to Remove Convergent Outsourcing From Your Credit Report

Better Credit Blog

If you have started hearing from a company called Convergent Outsourcing, it means that you are being pursued for a debt. Besides being annoying and aggressive, debt collectors like Convergent Outsourcing can have a major impact on your credit score. Validate the Debt. What is Convergent Outsourcing? Know Your Rights.