UK debt collections

MARCH 5, 2025

Bristol based debt recovery business which didnt hand over money is shut down An Insolvency Service investigation found that Encore Capital Group Inc Ltd trading as Encore Debt Recovery failed to fully hand over the money it collected it has been revealed. Have you been the victim of Scam Debt Collectors?

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Debt collector Debt Recovery Collections Agency Collection Agencies 70

Account Recovery

SEPTEMBER 1, 2021

The Connecticut Department of Banking has fined a debt collector for collecting interest in violation of state law on one account during a 15-year period, in the latest in a series of enforcement actions taken against companies in the accounts receivable management industry.

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Accounts Receivables Management Collections Debt collector Banks 246

Account Recovery

AUGUST 27, 2021

The individuals … The post Alleged $150M Payment Processing Scheme Included Debt Collection Transactions: Prosecutors appeared first on AccountsRecovery.net.

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Collections Debt collector Banks 246

Account Recovery

JANUARY 13, 2025

A District Court judge in Arizona has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, ruling that the plaintiff failed to sufficiently establish the defendant’s status as a “debt collector” under the statute and did not plead adequate facts to support the alleged violations.

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Debt collector Fair Debt Collection Original Creditor Creditors 130

American Profit Recovery

MARCH 1, 2023

And it’s meaningful advice that is coming straight from the people that you may not always be interested in speaking with, debt collectors. A common question in this industry and on Internet searches is how to deal with debt collectors. This is your opportunity to begin the process of resolving your debt.

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Collections Agency Collection Agencies Debt collector Collections 237

American Profit Recovery

JANUARY 14, 2021

You might not think to place the words collection agency and compliments in the same sentence, especially when it comes to the consumers debt collectors are calling on. Yes, even during a pandemic, consumers were thanking debt collectors because they helped. Collection agencies help consumers.

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Collections Agency Collection Agencies Collections Debt collector 209

American Profit Recovery

MAY 15, 2025

The Know My Debt website was created by ACA International with a goal of educating consumers on several areas of financial literacy. The website helps consumers understand their rights when it comes to debt collections, navigating the best way to handle your outstanding debts including how to communicate with a debt collector.

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Debt collector Credit Card Debt Collections Agency Collection Agencies 150

Credit Corp

JUNE 3, 2021

Can debt collectors take money from your bank account to offset debts you owe them? But it takes a lot to get to that scenario, so if you’re not there yet you still have time to learn how to protect yourself from this type of collections activity. How to Open a Bank Account That No Creditor Can Touch.

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Debt collector Banks Garnishment Creditors 92

Account Recovery

MARCH 11, 2025

Why it matters: For professionals in debt collection agencies, debt buying companies, fintechs, banks, credit unions, and consumer finance firms, these findings underscore a growing vulnerability among older borrowers.

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Account Recovery

MARCH 10, 2025

ROBBIN LAW: After the New York Attorney General Letitia James (NYAG) recent crack downs on debt collectors violations of New Yorks Exempt Income Protection Act (EIPA), the NYAG has provided debtors with a guide on their rights under the EIPA. More details here. WHAT THIS MEANS, FROM JACQUELYN DICICCO OF J. More details here.

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Debt collector Fair Debt Collection Debtor Judgment 130

Better Credit Blog

APRIL 4, 2022

If you are like most people, you have dealt with or are currently dealing with debt collectors. I’ve been preaching about the dangers of debt collectors for years and get countless emails from readers who end up in trouble by answering the phone when a debt collector calls. Talk to Credit Saint.

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Debt collector Fair Debt Collection Collections Agency Collection Agencies 116

Credit Corp

DECEMBER 14, 2020

Whether you have medical debt, credit card debt or unpaid student loans , getting calls or letters from debt collection companies can be frustrating. But it’s especially frustrating if your debt is several years old. Can a debt collector collect after 10 years? Get Help Now.

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Debt Free Colorado

FEBRUARY 21, 2022

In this article we will answer the question: What can debt collectors do to you? Does Colorado Law Protect Me From Debt Collectors? When collecting a debt from you, collection agencies must adhere to federal and state rules. What is the Federal Fair Debt Collection Practices Act (FDCPA)?

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Debt collector Fair Debt Collection Collections Agency Collection Agencies 98

Nexa Collect

JUNE 24, 2023

As per my knowledge, there are no clear guidelines from the government for a debt collector who wants to work from home. You should discuss these points with the compliance superior of your collection agency. In the United States, for example, debt collectors must adhere to the Fair Debt Collection Practices Act (FDCPA).

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Debt collector Collections Agency Collection Agencies Debtor 100

True Accord

OCTOBER 22, 2024

Read on for our take on what’s impacting consumer finances, how consumers are reacting and what else you should be considering as it relates to debt collection today. Under the Electronic Fund Transfer Act, banks cannot charge overdraft fees on ATM and one-time debit card transactions unless consumers have affirmatively opted in.

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Student loans Student Loans Loans Retail 111

Account Recovery

MAY 22, 2024

The Maryland Department of Labor’s Office of Financial Regulation has announced a settlement with a number of companies now owned by the Bank of Missouri for not being properly licensed in the state to provide retail credit services and for engaging in unlicensed and unregulated debt collection activities.

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Debt collector Retail Banks Collections 130

American Profit Recovery

JULY 27, 2020

A healthy jobs market, business spending, banks lending money as well as consumer spending. But did you know that debt collections were also a big part of a healthy economy? For the consumer that may be in debt or having issues trying to catch up on financial obligations, they might not think so. Why should anyone care?

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Collections Government Debt collector Collections Agency 187

Account Recovery

JANUARY 13, 2025

THE COMPLIANCE DIGEST IS SPONSORED BY: CFPB Targets Workplace Communications by Debt Collectors in Blog Post The Consumer Financial Protection Bureau is back with another blog post warning consumers about unfair debt collection practices, this time surrounding being contacted while at work. More details here.

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Healthcare Debt collector Banks Debtor 130

Account Recovery

JULY 8, 2021

The letter was written by … The post State Regulators Ask Ed.

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Student loans Student Loans Loans Collections Agency 246

Account Recovery

APRIL 18, 2024

Getting to Know Eddie Antoniewicz of Royal Credit Union Judge Dismisses FDCPA Suit Over Collection Disclaimer Pathward Bank to Pay $700k in Fines, Penalties For Seizing Funds Paid to Debt Collectors CFPB Fines Vocational School for Deceiving Students, Hiding Finance Charges WORTH NOTING: What you eat during the day can have an impact on how […] (..)

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Credit Unions Credit Unions Debt collector Collections 147

Sawin & Shea

JUNE 9, 2021

Whether you have missed a single payment somewhere along the line or are delinquent on several payments, the last thing you want is to be harassed by debt collectors. You may feel as if no one is on your side, but you do have some protection from collection agencies. There are approximately 7,000 collection agencies in the U.S.

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Debt collector Collections Agency Collection Agencies Bankruptcy 94

Nexa Collect

JANUARY 19, 2022

If you think that ignoring written demands and calls from a collection agency will spare you from all the consequences, then you are wrong. A debt collector has several ways to find your latest address, phone number, and employer information. Repercussions can include wage garnishment, frozen bank account and other assets.

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Collections Debt collector Collections Agency Collection Agencies 130

Nexa Collect

FEBRUARY 3, 2022

An average collection agency will recover about 20% of the total debt assigned. Here are the most important factors which decide how much a collection agency will collect for you: 1. They must have at least a few bilingual debt collectors in order to recover from people who prefer talking only in Spanish.

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Collections Agency Collection Agencies Collections Debt collector 130

UK debt collections

JANUARY 15, 2024

A bogus debt collection scam gang have been brought to justice after defrauding a pensioner businessman out of around £410,000. Between 2015 and 2018, they claimed they were from a debt collecting agency acting on behalf of the county court regarding outstanding business advertising costs.

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Debt collector Collections Banks Collections Agency 96

Credit Corp

AUGUST 31, 2021

Getting calls from debt collectors can be frustrating and even confusing. That’s even truer when someone is contacting you about an old debt you forgot about, thought was long resolved, or didn’t know about in the first place. Can a debt collector collect after 10 years, for example?

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Debt collector Collections Collections Agency Collection Agencies 75

Nexa Collect

MARCH 12, 2021

Debt collection agencies in PR include Kinum , TSI , CICA, ILCA and Professional recoveries. Spanish and English-speaking debt collectors are required for Puerto Rico debt collection. Need a Collection Agency in PR? Local debt collectors ). Contact us. 10, § 981p). 981p (12)).

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Collections Agency Collection Agencies Collections Garnishment 130

Sawin & Shea

JULY 20, 2022

Have you ever been incessantly contacted by a debt collection agency trying to get money from you? Many individuals experience unwanted contact from debt collectors and are unsure how to approach the situation. Businesses or individuals who collect debts on behalf of others are known as debt collectors.

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Debt collector Collections Agency Collection Agencies Bankruptcy 78

Account Recovery

FEBRUARY 18, 2025

More bankruptcies mean higher charge-offs for creditors and increased reliance on third-party collection agencies. With this uptick, regulatory scrutiny may rise, leading to more complaints and lawsuits under laws like the FDCPA (Fair Debt Collection Practices Act) and Regulation F due to errors in handling bankrupt debt.

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UK debt collections

OCTOBER 27, 2020

Becker had been declared as bankrupt in 2017 due to a large debt owing to a bank. The German national who is now 52, has also been accused of failing to disclose over £1m pounds held in Bank Accounts as well as properties, both in the UK and abroad.

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Debt collector Banks Collections 82

American Profit Recovery

APRIL 20, 2022

Know My Debt has an extensive library of articles and resources that cover many areas of consumer debt, improving credit scores, and tips for working with a collection agency. There is no better place to get educated on your financial situation and find ways to improve it than Know My Debt. But let’s be clear.

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Debt collector Collections Agency Collection Agencies Education 236

True Accord

MAY 22, 2025

New York Citys Department of Consumer and Worker Protection (DCWP) has been actively revising an amendment to their debt collection rules since November 2022. Additionally, the changes require original creditors, who already obtained consent to communicate electronically, to take additional steps after starting debt collection.

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Creditors Debt collector Original Creditor Collections 52

Account Recovery

MAY 19, 2025

Supreme Court Drops Review of Right-to-Cure Lawsuit The South Carolina Supreme Court has changed its mind and will not issue a ruling in a case over whether a debt collector is required to send a right-to-cure notice to a consumer under state law before filing a lawsuit to collect on an unpaid debt. More details here.

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Credit Corp

JUNE 1, 2023

Your credit score may improve if your collection debt is reported to a new credit scoring model—FICO 9®, FICO 10®, VantageScore 3.0® Most creditors still report to old scoring models, so it’s unlikely paying off the debt will improve your credit score. In This Piece: What Is Collections Debt? ® or VantageScore 4.0®.

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Collections Debt collector Collections Agency Collection Agencies 126

True Accord

JANUARY 21, 2025

The good news for lenders and debt collectors is that a reported 72% of consumers have a New Years resolution to pay off debt in 2025. The rule will help lower prices on loans and improve customer service across payments, credit and banking markets by fueling competition and consumer choice. Whats Impacting Consumers?

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Student loans Student Loans Credit Card Debt Financial Institution 104

True Accord

MAY 15, 2025

Youve seen the headlines the federal government last week resumed collecting defaulted student loan payments from millions of people for the first time since the start of the pandemic. And howdebt collection will be through a Treasury Department program that withholds payments through tax refunds, wages and government benefits.

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Student loans Student Loans Loans Collections 52

Public Citizen

DECEMBER 16, 2021

From a Federal Trade Commission press release : A group of phantom debt collectors will be permanently banned from the debt collection industry and required to surrender the contents of numerous bank and investment accounts under the terms of a settlement  with the Federal Trade Commission.

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Nexa Collect

MAY 23, 2022

A debt collection agency will almost always allow you to make payments in installments. You will likely strike a deal to settle the debt for a lower amount (keep insisting). Installments result in more work for collection agencies. No more harassment from collection agencies or their lawyers. Peace of mind.

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