Troutman Sanders

OCTOBER 17, 2023

In 2010, the defendant purchased the account and placed it with a law firm for collection. After receiving letters from the law firm, the plaintiff set up a payment plan, which she completed in 2013. Additionally, the appellate division found that the plaintiff had not suffered an ascertainable loss.

Law Firms 52

Law Firms Legal Rights Original Creditor Collection Agencies 52

Katabat

JANUARY 24, 2020

The conference, occurring February 3–6, 2020, brings together key participants in the receivables management industry, including debt buying companies, collection agencies, collection law firms, brokers, originating creditors, and affiliates.

Debt Buying 52

Debt Buying Law Firms Collection Agencies Collections Agency 52

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. In other words, when the original creditor has been unsuccessful in collecting on a debt, it will write off the debt as a loss.

Debt collector 87

Debt collector Collection Agencies Collections Agency Garnishment 87

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. Here’s how to do it.

Collections 92

Collections Collection Agencies Collections Agency Credit Bureau 92

Consumer Financial Services Law

JANUARY 3, 2018

To comply with the reasoning of Islam , creditors and debt collectors may wish to craft demand letters without the phrase “as of the date of this letter” if the debt will not increase, or to maintain a policy under which charged off debt continues to accrue interest and fees.

Accrued Interest 40

Accrued Interest Debt collector Banks Creditors 40

FDCPA Defense

JANUARY 28, 2012

Debt buyers are being sued based on the conduct of their agencies and law firms. Lawyers and agency owners are being sued based on the conduct of their clients and their collectors. Even original creditors, who are not subject to the FDCPA, are being drawn into FDCPA litigation under various theories of recovery.

Debt collector 40

Debt collector Retrieval Creditors Original Creditor 40