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How Debt Collectors Work

Taurus Collect

They are responsible for pursuing the repayment of debts on behalf of creditors. Understanding the raison d’être of debt collectors can demystify their actions and help you approach situations with them in a more empowered way. Creditors may prefer this method as it minimises upfront costs and financial risks.

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How to Stop ARS National Services

Debt Collection Answers

ARS National Services is a reputable debt collection agency. The Fair Debt Collection Practices Act (FDCPA) and other laws provide you with rights and protections that you can use to fight back against such behavior. This debt collection company covers all 50 states in the United States.

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What Is a Debt Collector and Why Are They Contacting Me?

Taurus Collect

A debt collector might sound like a character from a Charles Dickens novel, but if you’ve been contacted by one, you know they’re very much a reality of modern financial life. So, what exactly is a debt collector? What Is a Debt Collector? Why Are They Contacting Me?

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3 Tips for Hiring a Debt Collection Agency

National Service Bureau

In reality, debt collection agencies are the most useful means to get someone who has a legitimate contractual obligation to make good on their promise so that the honest businessman (perhaps yourself or your company) on the other side of the trade doesn’t get left holding the bag. Research the Company.

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Mar 18, What is a debt collector?

Debt Collection Answers

Under the federal Fair Debt Collection Practice Act, a debt collector generally is a person or a company that regularly collects debts owed to others, usually when those debts are past-due. Debt collectors include collection agencies or lawyers who collect debts as part of their business.

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How To Remove Portfolio Recovery From Your Credit Report

Better Credit Blog

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. Portfolio Recovery buys multiple accounts with old debt from companies that have given up and “charged off” the accounts.

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How will Hunstein v. Preferred Collection & Mgmt. Impact The Collections Industry?

Credit Management Company

Everyone in the debt collection industry is familiar with the Fair Debt Collections Practices Act (FDCPA). Reputable collections agencies willingly follow these rules and treat patients with compassion and respect. Preferred Collection and Management Services, Inc. Name of the creditor.