Collection Industry News

DECEMBER 21, 2020

Court of Appeals for the Ninth Circuit recently reversed an award of summary judgment in favor of a defendant debt collector against claims that it violated the federal Fair Debt Collection Practices Act (FDCPA) by attempting to collect a debt that was discharged in bankruptcy and no longer owed.

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Direct Recovery

APRIL 18, 2023

The commercial debt collection process typically involves everything from communicating with debtors about the amounts owed and negotiating payment terms to pursuing legal action and obtaining a judgment against a debtor and garnishing their wages. In most cases, they do not apply to business debts.

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The Kaplan Group

OCTOBER 19, 2020

FDCPA ( Fair Debt Collection Practices Act). The Fair Debt Collection Practices Act (FDCPA) is a federal law that restricts the behavior of collection agencies when they are attempting to collect money from individuals. Debt Settlement Services. Statute of Limitations.

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Collection Industry News

SEPTEMBER 23, 2020

. • Debt collection cases have claimed an increasing share of the civil docket, making up about 30% of the civil court caseload in the one state where comprehensive data was available. • The dollar value of claims filed annually by debt buyers increased from $6 billion in 1993 to $98 billion in 2013. That is 20 years!

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Troutman Sanders

MARCH 26, 2021

The plaintiff, an individual consumer, filed a chapter 7 bankruptcy petition, including in his schedules a debt for past-due rent for a former apartment. The bankruptcy was a matter of public record and was listed on his credit reports. The plaintiff filed a lawsuit against the defendant in the U.S. 1692, et seq.

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Better Credit Blog

OCTOBER 2, 2020

If you’re wondering how best to proceed with a debt collector like AWA, we’ve got you covered. What Is AWA Collections? AWA Collections isn’t a well-known name, but it is a legitimate one. AWA is a small debt collector that has been operating since 1993, according to its BBB profile. Pre-collections.

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Better Credit Blog

OCTOBER 7, 2020

Debt collectors can be a nuisance, and their effects on your credit score are even worse than their constant calls. It might seem like paying off your debt is the best method for getting a collections agency like AMCOL off your report, but that could do more harm than good. Ask for Proof with a Debt Validation Letter.

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Better Credit Blog

NOVEMBER 17, 2020

The company is affiliated with Capio Partners, another collections agency, so you may see an entry referencing both agencies on your report. Sometimes, debt collectors are employed by businesses to call, send letters, and process payments from customers with late payments. How Does MBA Law Offices/Capio Work?

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Better Credit Blog

OCTOBER 5, 2020

Today, we’ll walk you through all the details you need to know about Penn Credit and debt collectors in general so you can have them taken off your report in no time. Penn Credit Corporation is a legitimate debt collector , one that is headquartered in Harrisburg, Pennsylvania. Get your debt validated.

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Better Credit Blog

OCTOBER 30, 2020

Send a Debt Validation Letter. The FDCPA gives you 30 days to get your debt validated, a benefit you should absolutely take advantage of. The law states that debt collectors cannot seek repayment for a debt without providing evidence if it is requested. Bankruptcy. Work with a credit repair company.

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Better Credit Blog

MARCH 2, 2021

They collect on debts for both smaller doctors’ offices and clinics and hospitals. When your healthcare provider is unsuccessful at collecting your debt, they could contact a third-party agency such as H&R Accounts. It is always wise to limit your communication with debt collectors to letters rather than phone calls.

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Better Credit Blog

NOVEMBER 4, 2020

If Resurgent Capital Services is on your credit report as a collections entry, it’s important to get them deleted, ASAP. In the guide below, we’ll show you the ins and outs of dealing with debt collectors and provide you with a few surefire strategies for getting RCS off your report. What Is Resurgent Capital Services?

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Better Credit Blog

FEBRUARY 4, 2021

Are hired to help the original lender collect the debt. When a collections agency gets ahold of your debt, it can mean lots of phone calls and letters for you. Many consumers looking to cut ties with debt collectors simply pay off their debt, assuming it will get removed from their credit report.

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Better Credit Blog

FEBRUARY 2, 2021

If they are unsuccessful, your debt will go into collections, which can have a significant impact on your credit report. Some companies sell their debts to third-party debt collectors , while others, like BGE, have their own collections department. The best part? Owe BGE $250? Foreclosure. Repossession.

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Better Credit Blog

NOVEMBER 5, 2020

If you’re being confronted by a debt collector, you might be feeling overwhelmed. If Stellar Recovery Inc is the agency hounding you about outstanding debts, we can help. At any rate, it stays on your credit report for seven years even if you repay your debt, unless you actively get it removed.

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Better Credit Blog

FEBRUARY 5, 2021

When you get behind on payments, the person lending you money or providing services may turn your debt over to a debt collector. Collections entry added to your report for 7 years. Calls and letters from collections agencies. Some businesses have their own collections department that handles delinquent accounts.

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Better Credit Blog

FEBRUARY 15, 2021

Collections entries will stay on your report for a total of 7 years, even if you pay up your account. Depending on other factors on your credit score and the extent of your debt, a collections account can drop your score significantly. How to Deal with Fairway Collections. Charge-offs. Foreclosure. Hard inquiries.

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Better Credit Blog

DECEMBER 29, 2020

has started calling you out of the blue, it is probably because of an old debt. You are probably wondering if they are a legitimate debt collector or not. is completely legitimate, and they aren’t going anywhere until you pay up – or you remove their collections account from your credit report. Works & Lentz, Inc.

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Better Credit Blog

OCTOBER 19, 2020

Account Control Technology is a debt collector, and if they’re contacting you, it means you probably let a payment slip through the cracks. Confronting a collections agency about your debt can be stressful, especially when you’re receiving countless calls and constant messages from them. We’ll show you what does below.

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Better Credit Blog

OCTOBER 19, 2020

Account Control Technology is a debt collector, and if they’re contacting you, it means you probably let a payment slip through the cracks. Confronting a collections agency about your debt can be stressful, especially when you’re receiving countless calls and constant messages from them. We’ll show you what does below.

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Better Credit Blog

FEBRUARY 24, 2021

They have been collecting on consumer debt since it was founded in 1983. Some third-party debt collectors buy debts for pennies on the dollar. But FNCB is hired by businesses to collect on debts. Fortunately, you have rights under the Fair Debt Collection Practices Act.

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Better Credit Blog

NOVEMBER 23, 2020

Whether it’s for a $50 cable bill or a $5,000 hospital bill, a collections entry will stay on your credit report for seven years. But getting an entry from FMS Collections off your report could be easier than you think. Using the strategies outlined below, you can say goodbye to debt collectors and get your score back on track.

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Better Credit Blog

FEBRUARY 19, 2021

While you may be questioning their legitimacy, DCM services is a credible debt collection agency. Headquartered in Minneapolis, Minnesota, the agency has a slightly different focus than other debt collectors. They collect on debts in numerous industries, such as: Auto. Arrange a Pay-for-delete Agreement.

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Better Credit Blog

FEBRUARY 24, 2021

They have been collecting on consumer debt since it was founded in 1983. Some third-party debt collectors buy debts for pennies on the dollar. But FNCB is hired by businesses to collect on debts. Fortunately, you have rights under the Fair Debt Collection Practices Act.

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Better Credit Blog

FEBRUARY 5, 2021

You should also read up on the Fair Debt Collection Practices Act. This act was written to protect consumers from abusive debt collection practices and to ensure accurate reporting. Among other guidelines, it states that: Debt collectors are only allowed to call from 8 a.m. Bankruptcy.

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Better Credit Blog

FEBRUARY 25, 2021

Either way, once a debt hits the collections stage, an entry is added to your report, staying for 7 years. A debt collector may also contact you frequently until you make a satisfactory payment. Collections agencies are held to a set of standards set forth by the Fair Debt Collection Practices Act.

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Better Credit Blog

DECEMBER 2, 2020

Like most debt collectors, Autovest has its share of negative reviews from consumers, including complaints filed with the Consumer Financial Protection Bureau and the Better Business Bureau. Some complaints are concerned with the agency’s failure to respond to requests for debt validation and their faulty reporting.

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Better Credit Blog

FEBRUARY 12, 2021

Oftentimes, these complaints have to do with the agency’s aggressive collection attempts, failure to validate debt, and inaccurate reporting. To see what customers think of EZ Pass and other debt collectors, take a look at the Better Business Bureau and the Consumer Financial Protection Bureau. Foreclosure.

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Better Credit Blog

FEBRUARY 22, 2021

While debt collectors may seem scammy with their frequent phone calls and letters, Designed Receivable Solutions, Incorporated is a legitimate third-party debt collection agency. More than dealing with stressful collections calls, they can help you confront some serious credit problems, such as: Bankruptcy.

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Better Credit Blog

FEBRUARY 18, 2021

To get an understanding of how debt collectors are, and aren’t, allowed to treat you, you need to read up on the Fair Debt Collection Practices Act. The FDCPA is your shield against abusive debt collection practices and inaccurate reporting. and 9 p.m. Charge-offs. Foreclosures. Hard inquiries.

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Better Credit Blog

FEBRUARY 15, 2021

While some companies have their own collections team, most outsource to agencies like FCO, who either buy your debt for pennies on the dollar or earn a fee for collecting debts for businesses. How to Deal with FCO Collections. It is always wisest to chat with debt collectors via mail rather than by phone.

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Better Credit Blog

FEBRUARY 12, 2021

When your debt enters the collections stage, it will: Lower your credit score. Lead to constant letters and calls from debt collectors. While some businesses have a collections department, others get assistance from agencies like EPR. These agencies could: Purchase your debts for pennies on the dollar, or.

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Better Credit Blog

DECEMBER 2, 2020

Is your credit score suffering because of debt in collections? Debt collectors can add stress to your everyday routine, calling constantly, sending letters, and even worse, damaging your credit. But if their attempts don’t work, they will eventually turn your debt over to a debt collector. Bankruptcy.

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ABI

JANUARY 12, 2022

American Bankruptcy Institute Law Review Staff. . The Fair Debt Collection Practices Act (FDCPA) generally prohibits debt collectors from misrepresenting their identity or using unfair practices to collect debts. [1] 8] NPAS moved for summary judgment. [9] 2] In Ward v. Constitution. [12].

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