Better Credit Blog

APRIL 4, 2022

They play with your emotions, tapping into your existing fears and stigmas about debt collection. Agents can simply imply threats, and that’s often enough to prompt payment, such as threatening to call your employer and set up wage garnishment arrangements. This letter is allowed by the Fair Debt Collection Practices Act.

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Debt collector Fair Debt Collection Collection Agencies Collections Agency 116

Sawin & Shea

FEBRUARY 1, 2023

Fielding constant phone calls from creditors can be unnerving and stressful – and stress can have a cumulative effect on your physical health as well as your emotional well-being. That’s why it can be especially disheartening if creditors keep calling. Some creditors are actively trying to take advantage of you. It is illegal.

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Debt collector Bankruptcy Creditors Collection Agent 64

The Kaplan Group

JANUARY 19, 2021

With the new rules, collection agencies can contact consumers more frequently. They can place up to seven debt-collection phone calls per week (and under some circumstances even more), as well as send an unlimited number of text and email messages and private social media posts. But be warned, it’s 653 pages.

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Debt collector Collection Agencies Collections Agency Collection Agent 59

Stevens Lloyd

JULY 30, 2018

Due to the skyrocketing ratio of import/export trade worldwide, it is imperative for creditors in the U.K. The roles played by Credit Bureaus and collection agencies. The information provided by the databases helps to determine if there is a need to initiate the collection process or start litigation.

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Debt Recovery Collection Agencies Collections Agency Collections 40

PDC Flow

JANUARY 19, 2024

The first question Bender asked that debt collection agents need to consider is: How much information is too much when you’re speaking to a consumer about a debt? You are knowledgeable about the billing and collections strategies of the creditors you represent. Understanding your role as a debt collector is step one.

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Collections Debt collector Creditors Collection Agent 85

Debt Recoveries

NOVEMBER 13, 2020

Even if the business cannot pay immediately, having a guarantee makes it more likely the guarantor will talk with you, or your collection agency. They are more likely to give time and information to creditors who have a guarantee to avoid having you immediately escalate the matter.

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Debt Recovery Collection Agent Lawyers Collection Agencies 40

FDCPA Defense

APRIL 17, 2019

Although this scenario may sound far-fetched, it is an everyday occurrence for creditors’ rights attorneys, who have been targeted by “meaningful attorney involvement” lawsuits for years. The CFPB is expected to announce proposed debt collection rules in the near future that may incorporate the theory. 1692, et seq. the “FDCPA”).

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Lawyers Creditor's Rights Law Firms Creditors 40

Taurus Collect

APRIL 3, 2023

After this period has expired, creditors have no legal recourse for collecting their debts and the debtor may no longer be pursued for unpaid funds. Two main methods are pursued by creditors to reclaim any outstanding funds; voluntary payments and legal action.

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Debt Recovery Debtor Collections Collection Agent 52