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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. Axiom sent Valenzuela a letter informing him that his debt had been reassigned and instructing him to remit future payments to Axiom.

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. Axiom sent Valenzuela a letter informing him that his debt had been reassigned and instructing him to remit future payments to Axiom.

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

Better Credit Blog

If National Credit Services contacts you, it means that they have either been hired by your original creditor or have acquired the debt from your original creditor. Either way, they will open a collections account on your credit report in order to legally pursue payment. What is National Credit Services (NCS)? Understand Your Rights.

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How to Remove Credit Control Corp From Your Credit

Better Credit Blog

If you forget to pay a bill, you may begin to hear from a debt collection agency called Credit Control Corp. Credit Control Corp is a debt collection company that collects payment on your debt on behalf of the original creditor. Get Everything in Writing. Request a Goodwill Deletion.

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How to Remove Pioneer Credit Recovery from Your Credit Report

Better Credit Blog

If you begin to hear from a debt collection agency called Pioneer Credit Recovery, it is likely because you have defaulted on a loan or forgotten to pay a bill. In addition to showing up on your call logs, they will also appear on your credit report as a collection agency. What Is Pioneer Credit Recovery?

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How to Remove Convergent Outsourcing From Your Credit Report

Better Credit Blog

This is because they must open a collection account on your credit report before they can begin pursuing you for payment. Collection accounts on your credit report can influence your credit score for up to seven years, even if you pay off the debt. This legislation is called the Fair Debt Collection Practices Act.

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How to Remove USCB America From Your Credit

Better Credit Blog

If you have begun to hear from USCB America, you likely have an unpaid debt that is hanging over your head. This means that USCB America has opened a collections account on your credit report and is attempting to collect payment. Having collection accounts on your credit score is incredibly damaging to your credit health.