This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
If you plan to outsource your accounts receivable to an aggressive collectionagency, then kindly read this article and be aware of all the risks you are taking. And you guessed right, most courts issue unfavorable judgments for the debt collectors.
While it is highly recommended to select your options quickly and wisely to ensure timely collections, you should consider consulting with a debt collectionagency before taking court action against your debtors. Read on to know some factors you should consider when hiring a professional to help you collect your business debts.
Whether you have medical debt, credit card debt or unpaid student loans , getting calls or letters from debt collectioncompanies can be frustrating. This means that even a debt that is older than that may still be able to be collected on if you’ve made a payment sometime in the last four to six years. Settle it.
If you’re reading this article, I bet you’ve recently been contacted by a company called Portfolio Recovery Associates —and you may be wondering how to remove them from your credit report. Portfolio Recovery buys multiple accounts with old debt from companies that have given up and “charged off” the accounts.
Everyone in the debt collection industry is familiar with the Fair Debt Collections Practices Act (FDCPA). Reputable collectionsagencies willingly follow these rules and treat patients with compassion and respect. Preferred Collection and Management Services, Inc. Now the FDCPA is in the news again. Balance owned.
Court of Appeals for the Ninth Circuit recently reversed an award of summary judgment in favor of a defendant debt collector against claims that it violated the federal Fair Debt Collection Practices Act (FDCPA) by attempting to collect a debt that was discharged in bankruptcy and no longer owed. Wells Fargo , 276 F.3d
The lawsuit against MacKinnon alleged he and his companies set up more than 250 debt collecting “shops,” most of which were in the Buffalo region. MacKinnon has not paid on the judgment, and the Attorney General’s Office recently filed a lawsuit to seize his family’s $1.6 A judgment of $22.5 million Clarence residence.
Capital Credit & Collection Servs., In Clark , the Ninth Circuit affirmed summary judgment for an attorney, because there was no evidence that he exercised control over the actions of his client. 2000) (“[T]he debt collectioncompany answers for its employees' violations of the statute. 3d 1162, 1173 (9th Cir.
There has been a lot of discussion in the collections business about automated dialing equipment over the last few years as it relates to new industry regulation (the Telephone Consumer Protection Act, TCPA) and its application in practice. First, in a 2013 judgment of Nelson v.
“They have not charged me with anything … because my companies follow the law.”. Attorney’s office said Miller’s debt collectioncompanies are under investigation for an alleged “wire fraud scheme related to unlawful debt collection activities involving victims across the United States.”. John Hickey.
That would include pursuing a Debt collectioncompany that acts deceptively and fraudulently. Some Debt collectioncompanies act wrongly and engage in Fraudulent and deceptive behaviors. The agency, its affiliates and owners were ordered to pay 4 million in fines and penalties.
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content