Debt Free Colorado

FEBRUARY 21, 2022

When collecting a debt from you, collection agencies must adhere to federal and state rules. Fortunately, the federal Fair Debt Collection Practices Act (FDCPA) protects all states. The Fair Debt Collection Practices Act (FDCPA) does not apply to original creditors or cover company obligations.

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Taurus Collect

JUNE 16, 2022

Debt collection is a process that gives debtors certain rights that debt collection agencies must respect. While the debt shown in the collection can negatively impact your credit score, the severity of the impact reduces over time. What does it mean to have debt in collections? Taurus Collections (UK) Ltd.

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Taurus Collect

MARCH 7, 2022

Debt collection is the approach of pursuing payments of debts owed by different entities (individuals or businesses). It occurs when a collection agency or a company attempts to collect past-due debts from borrowers. Debt collection often varies depending on the agency that is collecting the debt.

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Troutman Sanders

OCTOBER 17, 2023

In 2017, the plaintiff filed a class action lawsuit alleging the defendant was a “collection agency” that had “filed numerous lawsuits … to collect the consumer debts allegedly owed by New Jersey consumers on defaulted credit accounts at a time when [it] was not properly licensed” under the NJ Licensing Act.

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Better Credit Blog

APRIL 1, 2022

If you fall into hard times, the inability to pay off your credit card bills or student loans can result in your debts being transferred to a debt collection agency. In addition to making threats, this debt collection agency might tell you that if you pay off the debt in full it will be removed from your credit report completely.

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Taurus Collect

OCTOBER 30, 2023

This knowledge can help businesses choose the most appropriate course of action, which may include hiring a debt collection agency. Consumer Debt Collection: This involves the collection of personal debts owed by individuals, usually to banks or credit card companies.

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Credit Corp

JUNE 14, 2020

Here’s one example of how a zombie might rise with help from a collection agency. The original lender or collection agency fails to collect within the statute of limitations. That collection agency may report the debt as owed to the credit bureaus. You default on a debt.

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Taurus Collect

MAY 11, 2023

Overview of The Credit Card Debt Collection Process Credit card debt collection can be a stressful experience for both the debtor and the creditor. The creditor then hires a debt collection agency to start the collection process. About Us Taurus Collections (UK) Ltd.

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Better Credit Blog

APRIL 3, 2022

Portfolio Recovery Associates, LLC, is a collection agency that buys old debts from lenders and companies that have been unable to collect the debt themselves. In other words, when the original creditor has been unsuccessful in collecting on a debt, it will write off the debt as a loss.

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Debt Collection Answers

MAY 18, 2023

A default judgment enables DNF Associates, LLC to seize your bank account, garnish your wages, and take other damaging legal actions against you. DNF Associates, LLC has been collaborating with banks and consumer finance companies to acquire portfolios of accounts and equitably manage them. What is DNF Associates, LLC?

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Katabat

JANUARY 24, 2020

The conference, occurring February 3–6, 2020, brings together key participants in the receivables management industry, including debt buying companies, collection agencies, collection law firms, brokers, originating creditors, and affiliates.

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Credit Corp

AUGUST 24, 2020

Once you’ve accomplished these tasks, you may still be wondering how to pay collections to a debt collection agency. Find out how to pay collections below. The Fair Debt Collection Practices Act (FDCPA) provides protection for consumers. Verify the Debt. Know Your Rights.

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Credit Corp

AUGUST 31, 2021

This means that even a debt that is older than that may still be able to be collected on if you’ve made a payment sometime in the last four to six years. In some states, a collection agency cannot try to collect at all once a debt is past the statute of limitations. Can a Collection Agency Report an Old Debt as New?

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True Accord

NOVEMBER 13, 2023

While attempting to provide additional protections for consumers when debt collectors reach out using digital channels, these NYDFS and NYC DCWP restrictions create unintended consequences that raise barriers for NY consumers to correspond with collection agencies in their channel of preference and hinder communication efforts.

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Better Credit Blog

SEPTEMBER 21, 2020

If you have a debt that has gone to collections, you may have heard from a company called AR Resources. AR Resources is a debt collector that has been hired on behalf of the original creditor. To do this, they must first open an account on your credit report that shows that they are authorized to collect on the debt.

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Collection Industry News

DECEMBER 1, 2022

The hiatus that some states and companies put on debt collection activities at the height of the pandemic has largely ended, and debt collectors have resumed business as usual. Oral confirmation can validate the debt or extend the statute of limitations for collections, says Jamie Hopkins, managing partner of wealth solutions at Carson Group.

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Better Credit Blog

AUGUST 22, 2020

CCS Offices is a company that collects debts on behalf of original creditor. They do this by either purchasing the debt or collecting the payments and taking a portion for themselves. To do this, they must first open an account on your credit report that shows that they are authorized to collect on the debt.

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Better Credit Blog

SEPTEMBER 11, 2020

Also known as Collection Company of America, EOS CCA is a large collection agency that currently employs about 6,000 employees. They collect a variety of debts including those from banks, telecommunication companies, student loan providers, college and universities, and more. Request Debt Validation.

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Better Credit Blog

AUGUST 11, 2020

If you fail to pay a debt, you may start to hear from a collection agency called Palisades Collection LLC. Palisades Collection LLC is a debt collection agency that will open a collection account on your credit report in order to pursue you for the debt. What is Palisades Collection LLC?

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Better Credit Blog

JANUARY 27, 2021

They are a particularly tenacious debt collection agency that will come after you until you pay up. Before contacting you for payment, a debt collector has to contact the major credit reporting agencies and open a collections account. Their clients include: banks. The debt collection industry is far from organized.

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Better Credit Blog

OCTOBER 2, 2020

What is Aargon Agency Inc? Founded in New York in 1996, Aargon Agency Inc is a medium-sized collection agency in the U.S. In terms of clientele, Aargon Agency Inc collects on behalf of banking, entertainment, finance, medical, real estate, retail, and utility industries. Validate the Debt.

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Better Credit Blog

APRIL 1, 2022

If you’re unable to pay your original creditor, your debt may pass to a debt recovery agency, earning a collection letter and possibly a stain on your credit report. Credit Collection Services, known as CCS for short, is one of the largest debt collection agencies in the United States, based in Massachusetts.

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Credit Corp

SEPTEMBER 12, 2023

When a lender doesn’t receive payments for a line of credit, like a credit card or personal loan, they may choose to eventually sell that credit to a debt collection agency to get some of their money back. So if you have a debt in collections, your credit score has likely taken a dip. Here’s how to do it.

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Consumer Financial Services Law

JANUARY 3, 2018

30, 2017), the plaintiff, Fatema Islam, failed to pay the balance due on her credit card with Bank of America, N.A., and Bank of America responded by placing Islam’s account with American Recovery Service (“ARS”) for collection. The itemization reflects the post charge-off activity we received from Bank of America.”

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Better Credit Blog

SEPTEMBER 18, 2020

CACH LLC is a medium-sized debt collection agency that is headquartered in Greenville, SC. Founded in 2005 in Colorado, they specialize in debt collection on the behalf of financial institutions. Never allow them direct access to your bank account. What is CACH LLC?

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Better Credit Blog

APRIL 5, 2022

The first step, if you have paid the full collection account, settlement, or have been making regular on-time payments, is to mail the collection agency a “ goodwill letter ” that explains your situation. Ask the Collection Agency to Validate the Debt. Anything else that appears to be inaccurate.

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Better Credit Blog

SEPTEMBER 4, 2020

You have also probably seen them appear on your credit report as a collections account. This is because Rausch Sturm has been hired by your original creditor to collect the debt on their behalf. Collections accounts are bad news for your credit score and can damage it for up to seven years. Ask Sky Blue for Help.

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Better Credit Blog

APRIL 6, 2022

Never give a debt collector access to your bank account. If you don’t have the money to pay the balance in full, or if you can’t get the original creditor to remove the charge-off from your credit report, it’s time to dispute the negative entry using a more advanced method. creditor address]. Ads by Money.

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FDCPA Defense

NOVEMBER 11, 2014

Finally, the notice must contain “a statement that, upon the consumer's written request within the thirty-day period, the debt collector will provide the consumer with the name and address of the original creditor, if different from the current creditor.” Global Credit and Collection Corp., 1692g(a)(5). at § 1692g(b).

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Sawin & Shea

JUNE 9, 2021

You may feel as if no one is on your side, but you do have some protection from collection agencies. The FTC makes sure that the FDCPA (Fair Debt Consumer Protection Act) is followed by collection agencies. There are approximately 7,000 collection agencies in the U.S.

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Troutman Sanders

MAY 17, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. 248, which limits a collection agency’s ability to collect on medical debt. For more information, click here.

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Credit Corp

JULY 20, 2020

The seven-year clock starts on the date of the last scheduled payment you didn’t make and doesn’t restart if the debt is sold to a collection agency or debt buyer. Once you have enough money to negotiate, contact the original creditor. on TD Bank's secure website. TD Cash Credit Card. Card Details.

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Collection Industry News

SEPTEMBER 8, 2020

THE Fair Debt Collection Practices Act (FDCPA) is a federal law that was enacted in 1978 by the United States Congress to protect consumers from abusive debt collectors. Note, however, that the FDCPA applies only to third party collectors who collect debt for original creditors. Let’s use our beloved Pres.

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