Credit Corp

NOVEMBER 9, 2020

If you or someone you know has dealt with a collection agency, you know how trying it can be. Debt collection agencies have a long history of harassment and illegal practices. Can a collection agency report to a credit bureau without notifying you? The answer might not be that simple.

Collection Agencies 105

Collection Agencies Collections Agency Credit Bureau Collections 105

Credit Corp

OCTOBER 16, 2023

While a debt collector contacting you can be stressful, it’s important to pause and remember your rights as a debtor. The debt collection industry is subject to mishaps and mistakes, with some individuals being asked to pay debts they don’t owe. You were dealing with a debt collection scammer.

Debt collector 105

Debt collector Creditors Original Creditor Lender 105

Credit Corp

SEPTEMBER 12, 2023

When a lender doesn’t receive payments for a line of credit, like a credit card or personal loan, they may choose to eventually sell that credit to a debt collection agency to get some of their money back. So if you have a debt in collections, your credit score has likely taken a dip.

Collections 92

Collections Collection Agencies Collections Agency Credit Bureau 92

Collection Industry News

SEPTEMBER 8, 2020

THE Fair Debt Collection Practices Act (FDCPA) is a federal law that was enacted in 1978 by the United States Congress to protect consumers from abusive debt collectors. Note, however, that the FDCPA applies only to third party collectors who collect debt for original creditors. Let’s use our beloved Pres.

Fair Debt Collection 40

Fair Debt Collection Collections Debt collector Credit Bureau 40