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

Collection Industry News

OCTOBER 27, 2020

Axiom Acquisition Ventures, LLC (“Axiom”) bought Robert Valenzuela’s consumer debt from a bank after he allegedly defaulted on his personal loan payments. The post District Court Holds Letter Notifying Debtor of Change in Debt Ownership Can Fall Under FDCPA appeared first on Collection Industry News.

Debtor 40
Debtor Debt collector Fair Debt Collection Acquisition 40
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State of the Collections Industry in 2021

The Kaplan Group

JANUARY 7, 2021

While much of the decline is due to mergers and acquisitions, the majority of firms that simply closed were small, local firms or larger agencies with heavy overhead. The economic downturn has not yet translated into elevated delinquency rates for consumer loans. That’s a 2.5% decline per year.

Collections 59
Collections Collection Agencies Collections Agency Student loans 59
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