Consumer Finance Watch
FEBRUARY 27, 2019
1718 (2017) and rejected the defendant’s argument that Henson renders it a creditor rather than a debt collector because “its principal purpose is the acquisition—not the collection” of debt. Specifically, Barbato expanded the Supreme Court’s holding in Henson v. Santander Consumer USA , 137 S.
Consumer Financial Services Law
MAY 10, 2017
A recent decision from a Louisiana district court should provide some comfort to banks and other financial institutions who acquire other entities by merger – at least in the Fifth Circuit, they are not debt collectors. As most know, Bank of America (BoA) acquired Countrywide Bank FSB and its mortgage portfolio in 2008. In Jackson v.
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Debt Collection Answers
MAY 18, 2023
Like all other debt collectors, DNF Associates, LLC depends on multiple sources of information to pursue debt collection. This involves gathering all relevant information and evidence regarding the purported debt. Typically, DNF Associates purchase these debts for as low as 10% of the original amount owed.
Better Credit Blog
AUGUST 17, 2020
If you are being pursued by Capio Partners for a debt, this means that they have opened up an entry on your credit report. Apart from being annoying, these debt collectors can cause a host of problems for your credit score down the line. Collection accounts can hurt your credit score even after you pay off the debt.
Better Credit Blog
SEPTEMBER 29, 2020
Debt collectors can cause a lot of problems for your credit score down the line. Collection accounts can hurt your credit score for up to seven years even after you pay off the debt. Request Debt Validation. The FDCPA protects consumers against many forms of debt collector abuse such as: Using profane or abusive language.
Better Credit Blog
AUGUST 31, 2020
ConServe is a debt collection agency that may contact you regarding unpaid debts. They are a third-party debt collector, which means that they may be hired by your original creditor, or they may purchase your old debt on the chance that you pay them instead.
Better Credit Blog
AUGUST 31, 2020
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. This legislation is called the Fair Debt Collection Practices Act.
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