Better Credit Blog

APRIL 1, 2022

If you fall into hard times, the inability to pay off your credit card bills or student loans can result in your debts being transferred to a debt collection agency. Not only is this untrue, but the debt they are attempting to collect might not even be yours!

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Better Credit Blog

APRIL 4, 2022

Regardless of what a debt collector might tell you, you have a lot of rights when it comes to how debt can be collected. In fact, merely mentioning that you understand your rights will, many times, stop debt collectors in their tracks. Your rights come from the Fair Debt Collection Practices Act (FDCPA).

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Credit Corp

NOVEMBER 1, 2020

Older debts might’ve been bought multiple times by various collection agencies. That increases the likelihood of data being misconstrued and debts being assigned to the incorrect party. You also want to make sure the debt isn’t part of an identity theft issue because you didn’t know about it already.

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Better Credit Blog

APRIL 3, 2022

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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Credit Corp

AUGUST 31, 2021

Each state has a law referred to as a statute of limitations that spells out the time period during which a creditor or collector may sue borrowers to collect debts. In most states, they run between four and six years after the last payment was made on the debt. The timeline for debt to stay on your credit report is 7.5

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Better Credit Blog

SEPTEMBER 21, 2020

Has Capital Management Services contacted you claiming you owe them a debt? If you’ve been on the receiving end of calls and letters from a debt collection agency like CMS, it’s also negatively affecting your credit score. Ask for Proof of the Debt. What Is Capital Management Services? Ask for proof.

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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? If you forgot to pay a bill or you’ve gotten behind on payments to a lender or service provider, it can have some nasty effects on your credit. Penn collection agency. Get your debt validated. Get Your Debt Validated.

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Credit Corp

DECEMBER 14, 2020

Whether you have medical debt, credit card debt or unpaid student loans , getting calls or letters from debt collection companies can be frustrating. But it’s especially frustrating if your debt is several years old. Can a debt collector collect after 10 years? Validate the debt.

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Better Credit Blog

OCTOBER 16, 2020

Have a collections entry from Asset Acceptance LLC on your credit report? It’s important to deal with a collections agency like Asset Acceptance quickly. Fortunately, getting a collection entry off your report and putting a stop to the debt collector’s calls is simple and straightforward.

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Better Credit Blog

OCTOBER 15, 2020

Though their collections attempt might border on spammy, ARstrat LLC is an established and legitimate debt collections agency. ARstrat has been collecting on consumers’ debts since 2015, headquartered in Houston. Agencies like ARstrat usually get access to you and your debts in one of two ways.

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Better Credit Blog

NOVEMBER 5, 2020

Collections entries can drop your credit score for years, hurt your future creditability, and add stress to your life. Because along with lowering your credit score, having debt in collections opens you up to frequent phone calls and letters from the collections agency. Ask RMS for Proof the Debt is Yours.

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True Accord

NOVEMBER 13, 2023

While attempting to provide additional protections for consumers when debt collectors reach out using digital channels, these NYDFS and NYC DCWP restrictions create unintended consequences that raise barriers for NY consumers to correspond with collection agencies in their channel of preference and hinder communication efforts.

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Better Credit Blog

JULY 13, 2020

If you are, it is because they are trying to recover a debt that you have with another company. Nationwide Recovery Service will also appear on your credit report as a collection agency, which can damage your credit score. Nationwide Recovery Service will appear on your credit report as a collection agency.

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Better Credit Blog

APRIL 1, 2022

In other words, has Capital One sold your unpaid credit card debt to another collection agency, or is the debt still with Capital One? You can find out who owns your Capital One debt by getting a current copy of your credit report and taking a look to see who is listed as the creditor on the entry.

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Better Credit Blog

NOVEMBER 25, 2020

If you have had a bill go into collections, you may start hearing from a company called Advanced Collection Bureau Inc. They are a debt collector that has either been hired by your original creditor or has purchased the debt at a fraction of the price. What is Advanced Collection Bureau Inc?

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Debt RR

SEPTEMBER 9, 2020

Conversely, if your business is on the receiving end of this letter, we also discuss the nitty-gritty of the debt collection letter. The Basics of a Debt Collection Letter. Debt collection letters can be issued to both commercial and consumer debtors. The Purpose of a Debt Collection Letter.

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Better Credit Blog

AUGUST 22, 2020

If you have a debt that you haven’t paid yet, you may have heard from a debt collector called CCS Offices. CCS Offices is a company that collects debts on behalf of original creditor. They do this by either purchasing the debt or collecting the payments and taking a portion for themselves.

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Better Credit Blog

AUGUST 31, 2020

ConServe is a debt collection agency that may contact you regarding unpaid debts. They are a third-party debt collector, which means that they may be hired by your original creditor, or they may purchase your old debt on the chance that you pay them instead. Validate the Debt.

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Better Credit Blog

SEPTEMBER 29, 2020

Debt collectors can cause a lot of problems for your credit score down the line. Collection accounts can hurt your credit score for up to seven years even after you pay off the debt. They can also be viewed by lenders down the line, which means you could be denied loans or credit cards. What is 11 Charter Bright House?

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Better Credit Blog

AUGUST 7, 2020

If you have been contacted by a company called Professional Finance Company, you are probably being pursued for an old unpaid debt. This can make for unpleasant interactions with creditors and constant harassment for payment. Request Debt Validation. The debt collection process is not perfect. Hire a Professional.

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Better Credit Blog

SEPTEMBER 9, 2020

If you have been contacted by Sunrise Credit Services, you are probably being pursued for an old debt. Sunrise Credit Services is a debt collector that has been hired by your old creditor to collect payment on your debt. They may also have purchased the debt to profit off your payments.

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Better Credit Blog

SEPTEMBER 8, 2020

This strategy could be successful even if you do actually owe them a debt. If the collection agency cannot verify your debt in a timely manner, it should be omitted from your report promptly. You should see an improvement to your credit score and stop getting calls from the agency within a month.

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Collection Industry News

SEPTEMBER 12, 2022

The first half of 2022 has seen a flurry of state and federal activity attempting to reign in “convenience fees”—fees charged by a creditor, debt collector, or third party to a consumer for making a payment via some means other than a check or cash, such as over the phone, online, or in some other expedited manner. In January, the U.S.

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Better Credit Blog

AUGUST 17, 2020

These entries remain on your credit report for up to seven years, which means that they can be viewed by creditors and lenders. Capio Partners is a medium-sized debt collection agency that is headquartered in Sherman, TX. Request Debt Validation. The debt collection process is by no means perfect.

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Better Credit Blog

SEPTEMBER 30, 2020

If you forget to pay a bill, the original creditor may move the debt to collections. This means that you may start to get phone calls from a debt collector like AAA Collections, harassing you to repay the debt. What is AAA Collections? Hire a Professional. Know Your Rights Under the FDCPA.

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Better Credit Blog

AUGUST 7, 2020

Having collection accounts on your credit score is incredibly damaging to your credit health. Future lenders are able to see any collection accounts on your credit report and can deny you loans based on your history. The first step when dealing with debt collectors is to request that they only communicate with you in writing.

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Better Credit Blog

NOVEMBER 24, 2020

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. A collections account on your credit report will cause your score to drop significantly.

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Better Credit Blog

SEPTEMBER 8, 2020

If you begin to hear from a debt collection agency called Pioneer Credit Recovery, it is likely because you have defaulted on a loan or forgotten to pay a bill. In addition to showing up on your call logs, they will also appear on your credit report as a collection agency. Dealing with Pioneer Credit Recovery.

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Better Credit Blog

SEPTEMBER 18, 2020

If you have heard from CACH LLC recently, they are likely pursuing you for an old debt. This means that they have either been hired by your old creditor or have acquired the debt from them to profit on your payments. Collection accounts are a black mark on your credit report. This can mean trouble for your credit score.

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National Service Bureau

DECEMBER 9, 2015

These are important for debt collectors to avoid, especially because they’ve been emphasized recently. Read on to learn about trending items, and the hosts recommendations for collection agencies to avoid these pitfalls! Race-based bias in collection activities. Enforcement actions involving servicemembers.

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Credit Corp

SEPTEMBER 12, 2023

FAQ Consider Hiring a Credit Repair Company How Collection Accounts Impact Your Credit Collection accounts have a significantly damaging impact on your credit score because they’re negative marks that indicate to lenders you may not pay your bills on time—or ever. Does your account information seem accurate?

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Better Credit Blog

SEPTEMBER 4, 2020

If you have heard from a debt collector called Rausch Sturm, you are probably being pursued for an old debt. You have also probably seen them appear on your credit report as a collections account. This is because Rausch Sturm has been hired by your original creditor to collect the debt on their behalf.

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Better Credit Blog

APRIL 5, 2022

Request a Goodwill Deletion – If You Have Paid The Debt. The first step, if you have paid the full collection account, settlement, or have been making regular on-time payments, is to mail the collection agency a “ goodwill letter ” that explains your situation. Ask the Collection Agency to Validate the Debt.

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Better Credit Blog

OCTOBER 14, 2020

When you owe money to a creditor or a service provider, it could result in a collections entry on your credit report. A collections entry can also result in tiresome phone calls and frequent letters until you make a payment. Asset Recovery Solutions, LLC, is a completely legit debt collection agency headquartered in Illinois.

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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. Aggressive collection attempts.

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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. Aggressive collection attempts.

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Collection Industry News

DECEMBER 8, 2022

Debt collectors are now allowed to contact Americans on social media and by text message, according to new rules enacted by a US agency this week. The rule from the Consumer Financial Protection Bureau (CFPB) opens the door for creditors to slide into the DMs of millions of Americans who have loans.

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