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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 Cavalry SPV I LLC From Your Credit Report

Better Credit Blog

One of the surefire approaches below can help you get the collection agency deleted from your credit report completely. Send a debt validation letter. Send Cavalry SPV a Debt Validation Letter. The Fair Debt Collection Practices Act doesn’t just monitor debt collectors’ communication methods.

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How to Remove National Credit Services from Your Credit Report

Better Credit Blog

Most people that are contacted by a debt collector don’t realize that federal law protects them from abuse and harassment. This legislation is called the Fair Debt Collection Practices Act. If you are trying to qualify for a mortgage or other loan, this is typically seen as a good reason for deletion.

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How to Remove Credit Control Corp From Your Credit

Better Credit Blog

Having a collection account on your credit report can damage your credit score for up to seven years, even if you pay off the debt. That’s why it’s important to get the entry removed as quickly as possible so that you aren’t denied loans in the future. What is Credit Control Corporation?

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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.

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How to Remove Convergent Outsourcing From Your Credit Report

Better Credit Blog

Collection accounts on your credit report can influence your credit score for up to seven years, even if you pay off the debt. This means that future lenders can see that you had a debt that went to collections, and they can make loan decisions accordingly. or after 9 p.m.