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 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. Fortunately, the federal Fair Debt Collection Practices Act (FDCPA) protects all states.

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Account Recovery

NOVEMBER 16, 2021

Judge Denies Plaintiff’s Motion to Remand FDCPA Case; Bank Settles Collection Call Lawsuit For $3.5M appeared first on AccountsRecovery.net.

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Sawin & Shea

JULY 20, 2022

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. The majority of debt collectors work for reputable collection companies.

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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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Troutman Sanders

FEBRUARY 23, 2024

In representing fintech companies and other lenders, we increasingly confront claims against debt buyers or entities with bank partner relationships brought under Pennsylvania’s Consumer Discount Company Act (CDCA) and the Loan Interest and Protection Law (LIPL).

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Debt Collection Answers

AUGUST 27, 2023

As you hesitantly answer, a stern voice claims to be a debt collector, demanding immediate payment for a debt you’ve never heard of. Whether you’ve faced such calls or want to be prepared, read on to discover how to recognize and deal with suspicious debt collector calls with confidence.

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UK debt collections

JANUARY 15, 2024

DC Brodhurst added: “If you are contacted by someone who says they are working for the court, please use a different phone to contact the court directly before taking any action and seek advice from independent solicitors if there is a debt outstanding. Don’t ever be afraid to seek help – we are here for you.”

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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. The FDCPA applies only to debt collectors (the third-party collection agencies), not to the original lender.

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Account Recovery

NOVEMBER 7, 2022

The Massachusetts Division of Banks has issued a cease and desist order to a debt collector that has been accused of operating in the state for more than six years without a license, in violation of state law. Regulator Issues Cease Order For Unlicensed Collector appeared first on AccountsRecovery.net.

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Collection Industry News

DECEMBER 1, 2022

Whether you owe a debt or not, getting a phone call from a debt collector is never a pleasant experience. 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. Ask for Documentation.

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Credit Corp

DECEMBER 14, 2020

If you have debt on your credit reports or are getting calls from a collection agency, you might wonder how long a debtor can try to collect these debts—and how long it can affect your credit score. Can a debt collector collect after 10 years? Can a Debt Collector Collect After 10 Years? Get Help Now.

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Account Recovery

DECEMBER 13, 2022

The Consumer Financial Protection Bureau yesterday issued a proposed rule that would require non-banks — such as debt collectors — to report enforcement actions and court orders to a public registry that would be used to detect repeat offenders and give the CFPB and other enforcement agencies insights to help it “take action to stop (..)

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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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Taurus Collect

DECEMBER 20, 2021

Many businesses are turning to trusted debt collectors to take on some of the administrative load of chasing up overdue finances to protect their cash flow. Use these tips to take the stress out of searching for names for debt collectors who can deliver results like fewer outstanding invoices and more cash in the bank.

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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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Troutman Sanders

JULY 21, 2022

She regularly counsels clients on conducting compliance assessments relating to their debt collection, credit reporting and dispute resolution processes, fair lending and underwriting, and vendor oversight, as well as the functionality of their overall compliance management system. Transcript: Fair Lending 101 for Debt Collectors (PDF).

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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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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? In This Piece.

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Account Recovery

MAY 27, 2021

The Connecticut Department of Banking is not happy with a debt collector that filed for bankruptcy protection without making the proper notifications, among other alleged violations, and has issued a $500,000 fine, revoked its license, and ordered it to cease and desist from violating state law, although many of the penalties are likely to be … (..)

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Account Recovery

AUGUST 27, 2021

A quartet of individuals have been charged with conspiracy to commit wire fraud and conspiracy to commit bank fraud in a $150 million payment processing scheme that included facilitating transactions for debt collectors, and one of the individuals remains at large, according to an indictment that was unsealed yesterday in Massachusetts federal court. (..)

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Debt Recoveries

NOVEMBER 27, 2022

How to Prevent Bad Debts in 2023. Tips from a Debt Collector . Credit control and debt collection are the two most crucial components of sustaining a solid cash flow since, as they say, cash is king. Before they provide credit, have a look at what institutions with expertise, like banks do. or 1300 799 511.

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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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Account Recovery

JULY 14, 2021

The Massachusetts Division of Banks — which regulates debt collectors in the Commonwealth — has formally authorized guidance that will allow for the “continued operation for personnel to operate remotely from non-licensed locations,” meaning that companies can have employees working remotely, including from their homes.

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Troutman Sanders

JANUARY 6, 2023

On January 4, the District Court of New Jersey dismissed a Fair Debt Collection Practices Act (FDCPA) complaint against an unlicensed debt collector for lack of standing. the court held that merely receiving a letter from an unlicensed debt collector is insufficient to establish a concrete injury for Article III purposes.

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FDCPA Defense

SEPTEMBER 26, 2017

Can a bank be sued for acting as a “debt collector” under the California Rosenthal Act? You are probably tempted to answer “yes” it can, because you know the Act defines a “debt collector” to include an entity that is collecting on behalf of itself or on behalf of third parties. Code § 1788.2(c) Probably not.

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Collection Industry News

MAY 24, 2021

Andrew Cuomo (D) signed legislation on Thursday that blocks debt collectors from garnishing residents’ coronavirus stimulus payments. New Yorkers who are subject to a monetary judgment against their bank account will receive a notice indicating that the pandemic-related funds are protected. Source: site. New York Gov.

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Collection Industry News

MAY 18, 2021

Andrew Cuomo will bar debt collectors from accessing stimulus funds in bank accounts, a measure that had been sought by consumer groups. This legislation ensures families are able to use this safety-net funding as it was originally intended, to provide for families basic needs and away from the hands of debt collectors.”.

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Troutman Sanders

JULY 29, 2020

This bill protects stimulus funds provided under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) from being garnished by private debt collectors. 3841 allows individuals to request that their financial institution protect these payments from debt collection garnishment. “The As part of S.

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Account Recovery

AUGUST 14, 2020

A bill that would require debt collectors in California to obtain licenses in order to stay in business moved one step closer to becoming a law yesterday, after being approved by the Assembly Banking and Finance Committee. The bill, SB 908, has already been approved by the state Senate.

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Debt Recoveries

JUNE 11, 2023

This entails carrying out rigors credit checks, which may entail examining bank statements, trade references, and credit reports. You can also contact us via Skype at debtrecoveries The post What is Credit Control and How to be a better Debt Collector appeared first on Debt Recoveries Australia. or 1300 799 511.

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Albuquerque Law

MAY 18, 2020

Many New Mexicans might believe that creditors and debt collectors are essentially the same. After all, they both look to collect debts. Individuals must understand the difference: Creditors are the parties to which individuals owe the original debt. Determine how they can negotiate to repay the debt.

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Account Recovery

AUGUST 25, 2020

GARNISHMENT LAW SET TO GO INTO EFFECT NEXT WEEK An online press conference has been scheduled for later today to discuss a new law that is going into effect in California next week that limits how much debt collectors can garnish from an individual’s bank account when seeking repayment on unpaid debts.

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Better Credit Blog

MARCH 1, 2021

Is Bank of America bringing down your credit score? If your credit report is displaying a collections account for Bank of America, it’s probably because you missed a payment somewhere down the line. How you should respond to a collections entry from Bank of American depends on several factors. Hunt and Henrique’s.

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Better Credit Blog

MARCH 1, 2021

Is Bank of America bringing down your credit score? If your credit report is displaying a collections account for Bank of America, it’s probably because you missed a payment somewhere down the line. How you should respond to a collections entry from Bank of American depends on several factors. Hunt and Henrique’s.

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Collection Industry News

JUNE 14, 2021

Ciffa’s offices in Niagara Falls and Kenmore, debt collectors intimidated their victims with illegal threats of arrests and lawsuits. According to federal prosecutors, an elderly cancer patient in Texas was so rattled by the threats that she borrowed $500 from her sister to help pay off a debt of $1,285. Source: site.

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Account Recovery

MARCH 19, 2021

Previously, on “All My Garnishments” we saw several characters rush to protect the economic stimulus funds that have started landing in consumers’ bank accounts from being garnished by big, bad debt collectors. In today’s episode, Sen. Pat Toomey [R-Penn.],

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