Better Credit Blog

AUGUST 22, 2020

CCS Offices is a company that collects debts on behalf of original creditor. They were founded in 1969 in Delaware and make their money by collecting debts on behalf of creditors or by purchasing debts from creditors. Because CCS Offices is not the original creditor, they may not have this information, to begin with.

Debt collector 53

Debt collector Original Creditor Creditors Collection Agencies 53

Troutman Sanders

MAY 5, 2022

On May 2, the Consumer Financial Protection Bureau (CFPB or Bureau) released its Supervisory Highlights report on legal violations discovered during examinations in the second half of 2021. Providing inaccurate explanations to consumers as to why the creditor denied the consumers’ billing error claims in whole or part.

Financial Institution 52

Financial Institution Repossession Debt collector Lender 52

Consumer Financial Services Law

MAY 10, 2017

The acquisition by merger was a key factor for the court which also relied upon prior Fifth Circuit precedent, Brown v. In reviewing the issue of whether BoA was a debt collector subject to the FDCPA, the court took judicial notice that BoA acquired the mortgage loan by merger and not by transfer or assignment while in default. 31 (5 th Cir.

Debt collector 40

Debt collector Acquisition Financial Institution Foreclosure 40

Consumer Financial Services Law

AUGUST 31, 2016

Atlas Acquisitions, No. The court took a broad view of the meaning of a claim, holding that a “claim” is defined as a right to payment and that a creditor with a stale debt retains some right to payment. 15-1495, 2016 U.S. LEXIS, *22-23 (4 th Cir. It simply limits the avenues of recourse. ·

Chapter 13 bankruptcy 40

Chapter 13 bankruptcy Bankruptcy Debt collector Acquisition 40

Consumer Financial Services Law

OCTOBER 17, 2016

Instead, “[t]he FDCPA easily lies over the top of the Code’s regime, so as to provide an additional lawyer of protection against a particular kind of creditor.” While the Bankruptcy Code allows creditors to file proofs of claim even with respect to time barred debt, it does not require that they do so. Atlas Acquisitions , No.

Bankruptcy 40

Bankruptcy Debt collector Creditors Acquisition 40

Better Credit Blog

AUGUST 21, 2020

This means that Radius Global Solutions has acquired your debt from the original creditor and has opened a collection account on your credit report. You may hear from them if you have debt in health care, retail, financial services, education, or utilities. Collection accounts can be extremely damaging to your credit score.

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Debt collector Collection Agencies Collections Agency Original Creditor 53

Collection Industry News

MAY 9, 2022

On May 2, the Consumer Financial Protection Bureau (CFPB or Bureau) released its Supervisory Highlights report on legal violations discovered during examinations in the second half of 2021. Providing inaccurate explanations to consumers as to why the creditor denied the consumers’ billing error claims in whole or part.

Financial Institution 40

Financial Institution Repossession Debt collector Student loans 40

Consumer Financial Services Law

DECEMBER 21, 2016

Palisades Acquisition XVI, LLC, 635 F. The consumer filed suit against the creditor and its attorneys asserting the defendants violated sections 1692e and f by making further attempts to garnish wages which defendants knew were exempt and by making false representations in the objection as to its merits and as to its timeliness.

Garnishment 40

Garnishment Law Firms Acquisition Debtor 40

Jimerson Firm

OCTOBER 22, 2020

Include evidence demonstrating the acquisition, ownership and possession of the note, such as copies of the note, allonges and/or audit reports. 702.015(5) , Fla. Further, senior lienholders need to name junior lienholders as parties to the foreclosure complaint in order to extinguish the junior lienholder’s interest in the real property.

Foreclosure 94

Foreclosure Lender Judgment Collateral 94

Jimerson Firm

FEBRUARY 2, 2021

b) Have a receiver appointed by the court to take possession of the collateral and operate the business on the lender/CDC’s behalf, to avoid losing the secured creditor liability exemption. SOP 50 57 2 ; SOP 50 55. Taking Title to or Control Over Contaminated Property. (a)

Lender 76

Lender Collateral Loans Foreclosure 76

FDCPA Defense

MAY 6, 2014

In its Bulletin issued in July 2013 , the CFPB took the position that creditors, debt buyers and third-party collectors often make representations to consumers about credit-related issues in order to persuade them to pay. Financial Credit Corp. MKM Acquisitions, LLC , 241 F. Arrow Financial Services , 428 F.

Creditworthiness 40

Creditworthiness Debtor Debt collector Consumer Credit 40