Better Credit Blog

APRIL 1, 2022

Is Credence Resource Management, LLC, contacting you about unpaid debts? The longer you avoid a debt collection agency like Credence, the more damage the agency can do to your credit score. Over the years, Credence has collected a lot of debt, earning a profit of $5 million last year. How They Work.

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Better Credit Blog

JULY 7, 2020

No one wants to answer a call from a debt collection agency. But if your number has made its way onto a debt collector’s calling list, ignoring the problem won’t make it go away. Even when you pay off a collection agency, it can hurt your credit score for years to come. Harris Collection. Harris Ltd.

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Better Credit Blog

OCTOBER 2, 2020

Have you noticed a company called Aargon Agency Inc shows up on your credit report? While calls from debt collectors are annoying, they are the least of your worries. Being pursued by Aargon Agency Inc will be accompanied by a collection account on your credit report and a drop in your credit score. Validate the Debt.

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Better Credit Blog

OCTOBER 21, 2020

Absolute Resolutions Investments LLC is a debt collection agency. While one collections entry might not do terrible damage to your credit, it can lower your score for 7 years. Calling the agency and making them a payment (or calling them at all) might not be in your best interest. Credit card debt.

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Better Credit Blog

OCTOBER 21, 2020

Absolute Resolutions Investments LLC is a debt collection agency. While one collections entry might not do terrible damage to your credit, it can lower your score for 7 years. Calling the agency and making them a payment (or calling them at all) might not be in your best interest. Credit card debt.

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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. Consumer finance debt.

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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. Consumer finance debt.

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Better Credit Blog

FEBRUARY 22, 2021

Are collections lowering your credit score? If you have a collections entry from Designed Receivable Solutions on your credit report, you can probably attribute it to a missed payment. Late payments eventually go into collections, which can be detrimental to your credit. About Designed Receivable Solutions. Ask Lex Law for Help.

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Troutman Sanders

NOVEMBER 7, 2023

The FTC’s complaint alleges that consumers were “rarely able to get an advance for the promised” amount, and in many cases, consumers were not able to receive a cash advance at all. The complaint also alleges that the company began charging consumers a fee for an instant transfer. For more information, click here.

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Better Credit Blog

AUGUST 31, 2020

Having debt in collections can be downright overwhelming, especially when debt collectors bombard you with dozens of phone calls. Debt collectors are notorious for harassing consumers when they seek repayment, calling excessively and threatening to take actions that may not be legal. Table of Contents. What is the FDCPA?

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Better Credit Blog

SEPTEMBER 17, 2020

Is A1 Collections bringing down your credit score? Discovering a collections entry on your credit report can be stressful, hurting your credit and leading to unwanted phone calls and letters. If you’re ready to stop A1 Collections’ phone calls and get them off of your credit score completely, read on. What Is A1 Collections?

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Better Credit Blog

DECEMBER 2, 2020

It’s all too easy to fall behind on car payments and find yourself with a collections entry on your credit report. Whether you simply forgot to pay your bill or you’re dealing with financial hardship, you could be contacted by a collections agency like Autovest LLC. According to its website, the agency holds over $1.7

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Better Credit Blog

AUGUST 17, 2020

When a debt collector like Cavalry SPV ends up on your report, it can do severe damage to your credit score for years, even if you pay off your debts. The agency also uses aggressive tactics to collect on debts, which can add stress to an already nerve-wracking situation. Send a debt validation letter.

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Better Credit Blog

NOVEMBER 4, 2020

And unfortunately, something as simple as forgetting to pay a single bill can hurt your credit for years if it reaches the collections stage. If Resurgent Capital Services is on your credit report as a collections entry, it’s important to get them deleted, ASAP. What Is Resurgent Capital Services? RCS has been in business since 1998.

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Better Credit Blog

AUGUST 25, 2020

When a collections account makes its way onto your report, it can do a surprising amount of damage to your credit score. While paying off the debts you owe to the agency might seem like a simple solution, it won’t help to boost your score like the strategies below. Outsourcing debt collections.

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Better Credit Blog

OCTOBER 5, 2020

Has your credit score recently taken a dive as a result of a collections entry from Penn Credit? Avoiding the problem won’t make it go away, but paying your debt won’t necessarily solve anything, either. Penn Credit Corporation is a legitimate debt collector , one that is headquartered in Harrisburg, Pennsylvania.

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Better Credit Blog

DECEMBER 29, 2020

Millions of Americans have debts in the collection stage. It can be stressful to deal with a debt collector. But you can stop their collection efforts through a series of steps. is a small debt collection agency that was originally founded in 1989. TRS Recovery Services, Inc. Ask Lex Law for Help.

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Better Credit Blog

NOVEMBER 5, 2020

Have you discovered a collections entry from Receivable Management Systems on your credit report? Collections entries can drop your credit score for years, hurt your future creditability, and add stress to your life. RMS has been operating in the debt collection industry since 1991, with its headquarters in Richmond, Virginia.

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Fico Collections

SEPTEMBER 19, 2022

Debt Collections on Tenterhooks with Six and Sevens following CFPB’s Reg F. expand_less Back To Top. Consumer Financial Protection Bureau (CFPB) announced the final rules interpreting the Fair Debt Collections Practices Act (FDCPA) on July 30, which went into effect on November 30, 2021. Embrace it. FICO Admin.

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Troutman Sanders

JUNE 14, 2023

For more information, click here. The proposed guidanceadvises on policies that financial institutions may implement to allow consumers to provide financial institutions with information that may not have been considered during an appraisal or if deficiencies are identified in the original appraisal. For more information, click here.

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Better Credit Blog

DECEMBER 29, 2020

They are a third-party debt collector and auto loan financer out of California. They are aggressive, and they will not stop unless you pay them or remove their account from your collection account. We can help you remove their collection account from your credit report. Ask Them for Debt Validation. Ask Lex Law for Help.

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Better Credit Blog

FEBRUARY 19, 2021

FMA Alliance is a third-party debt collector that works with companies to recover delinquent accounts from customers. Before a debt collector can contact you for payment, they must first report the debt to the major credit bureaus. FMA Alliance is a medium-sized debt collection agency that is headquartered in Houston, TX.

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Better Credit Blog

OCTOBER 5, 2020

AT&T Collections is one of the biggest telecom providers in the country, with phone, data, and TV packages. If you missed a phone bill or canceled your AT&T account and forgot to pay the final balance, you could be contacted by their collections department. Because simply paying your debt won’t do your credit any good.

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Better Credit Blog

JANUARY 27, 2021

If you’re getting calls from a company called Debt Recovery Solutions, you probably have one or more unpaid bills to take care of. And this can range from credit card debt to hospital bills to utility fees. When Debt Recovery Solutions is hired to recover a debt, they must contact the major credit agencies and report the debt.

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National Service Bureau

MAY 27, 2015

Medical collections are a particularly difficult field - they demand tact, human dignity, and effective collection tactics all at the same time. Nearly half of all medical collection complaints filed with the CFPB in 2014 regarded continued attempts to collect a debt not owed.

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Better Credit Blog

DECEMBER 29, 2020

It’s probably an old debt coming back to haunt you. Unfortunately, paying them for the debt may not help matters. Velocity Investments LLC is a small collection agency that is currently headquartered in New Jersey. If you believe that they have violated your rights under the FDCPA, you can file a complaint with the CFPB.

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Collection Industry News

JUNE 1, 2021

The FSA’s new approach, Cordray said, will be to review data requests from state and local agencies and financial regulators “quickly and approve them whenever it is possible to do so.”. Getting information from us helps state officials better enforce their laws that protect” federal student loan borrowers, Cordray wrote in a blog post.

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Better Credit Blog

NOVEMBER 24, 2020

The American debt crisis is a growing one. Especially since the start of this year, many Americans have been struggling to manage their bills or make payments on existing debts. If you have had an overdue bill move to collections, you may begin hearing from a company called ACS Inc. Validate the Debt. What is ACS Inc?

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Better Credit Blog

NOVEMBER 18, 2021

Your credit score is a powerful indicator of your ability to repay your debts and whether you manage your money responsibly. Credit scores are three-digit numbers ranging from 300–850 that give lenders a snapshot of your financial history. The following factors go into calculating your credit score: Your payment history.

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Troutman Sanders

FEBRUARY 16, 2021

On February 10, Acting Director of the Consumer Financial Protection Bureau Dave Uejio published a blog post, sharing the directions he gave to the agency’s Consumer Education and External Affairs unit. The post also referenced “companies [that] have been lax in meeting their obligation to respond to complaints.”

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Fico Collections

JANUARY 18, 2023

Top 5 Debt Collection Posts of 2022: Crisis and Opportunity. As more people enter the collections queue due to rising costs and economic wobbles, our collections experts share their tips for early collections, digital approaches and more. expand_less Back To Top. FICO Admin. Tue, 07/02/2019 - 02:45.

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