Debt Collection Answers

MAY 18, 2023

Even the most carefully crafted financial plan can be thrown off by unforeseen healthcare costs. Adding to the burden, specialized debt collectors in the medical industry can compound the stress of an already challenging situation. Capio Partners is one such agency that focuses on debt collection in the medical field.

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True Accord

NOVEMBER 13, 2023

Interestingly, this update contains revisions that are similar to the New York Department of Financial Services (NYDFS) proposed amendments to New York’s debt collection law, 23 NYCRR 1, that NYDFS released last year. about a past due account) and cannot even reference information about the account.

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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. They recently acquired Alltran Financial Services in 2020. If they are unable to provide them, you are NOT entitled to pay that collection.

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True Accord

NOVEMBER 20, 2023

Both the federal and DC laws permit debt collectors to communicate digitally about a consumer’s account as long as the digital communications contain clear and conspicuous opt-out language with strict penalties for failing to abide by the opt-out provisions.

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FFGN COLLECT NY

JANUARY 13, 2021

As of today, New York does not require licensing for collection agencies or collection law firms. This is contrary to the licensing required of collection agencies by more than 20 states. Federal, State, and Local Regulations for Consumer Debt.

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Troutman Sanders

SEPTEMBER 6, 2023

Columbia Debt Recovery, LLC , the plaintiff, a tenant under a residential lease agreement, vacated the premises early due to concerns over the property’s condition. In response, the property management company engaged a collection agency to recover the remaining amounts claimed as due and owing under the lease.

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Better Credit Blog

AUGUST 4, 2020

If you’ve been contacted by a debt collection agency, there’s a right and a wrong way to deal with them and get your credit back on track. While picking up the phone and handing over your payment info might stop the agency’s incessant calling, it won’t necessarily help with repairing the damaging effects to your credit score.

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Better Credit Blog

FEBRUARY 19, 2021

Collections also result in frequent phone calls and letters, which can impact your daily life negatively. The guide below will teach you more about how collections agencies work and provide you with clear instructions for getting a collections account deleted from your credit report. How Does DCM Services Work?

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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

Within your lifetime, you may have a period of financial distress. Especially in the current pandemic, COVID 19, medical bills, credit card bills, and other financial service bills may start to pile up. If the debt validation letter didn’t work out, don’t give up hope. Tips for Dealing with CCS.

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Better Credit Blog

JULY 7, 2020

The agency could also be contacting you by mistake, which can be exceptionally frustrating as debt collection agencies are notorious for their repeated phone calls. Whatever the case, having a collections account on your credit report can result in incessant phone calls, letters, and a lower credit score.

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Better Credit Blog

NOVEMBER 23, 2020

But getting an entry from FMS Collections off your report could be easier than you think. Using the strategies outlined below, you can say goodbye to debt collectors and get your score back on track. or FMS Corp, is a third-party debt collection agency headquartered in Tulsa, Oklahoma. Financial services.

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Fico Collections

SEPTEMBER 19, 2022

Consumer Financial Protection Bureau (CFPB) announced the final rules interpreting the Fair Debt Collections Practices Act (FDCPA) on July 30, which went into effect on November 30, 2021. Within seven days after engaging in a telephone conversation with a customer about the particular debt.

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Better Credit Blog

AUGUST 21, 2020

If you have failed to pay a bill, you may begin to hear from a collection agency known as Radius Global Solutions. This means that Radius Global Solutions has acquired your debt from the original creditor and has opened a collection account on your credit report. Verify the Debt. What is Radius Global Solutions?

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Better Credit Blog

FEBRUARY 19, 2021

FMA Alliance is a third-party debt collector that works with companies to recover delinquent accounts from customers. Before a debt collector can contact you for payment, they must first report the debt to the major credit bureaus. The majority of their clientele are within: financial services.

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Better Credit Blog

AUGUST 7, 2020

Originally founded in 1985, Professional Finance Company is a medium-sized debt collection agency that offers services for debt recovery, self-pay early-out, and debt purchasing. Request Debt Validation. The debt collection process is not perfect. Understand Your Rights.

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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

APRIL 5, 2022

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. Then kindly ask the debt collector to remove collections from your credit report out of goodwill.

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Troutman Sanders

DECEMBER 27, 2021

State Activities: On January 1, 2022, California’s medical debt law will take effect, which means agencies licensed in the state will have limits on collection actions and their health care clients will be required to have a written policy on how they send accounts to third-party debt collectors.

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Troutman Sanders

JANUARY 9, 2024

On January 2, the CFPB published a blog titled, “Holding Debt Collectors Responsible for False Statements.” CICA Collection Agency, a First Circuit case in which the CFPB has filed an amicus brief. The consumer sued to hold the debt collector accountable for the misrepresentation, but the debt collector pled ignorance.

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Troutman Sanders

APRIL 26, 2021

Federal Activities: On April 22, the Consumer Financial Protection Bureau (CFPB) and New York Attorney General Letitia James filed a complaint in federal court to seize a $1.6 million home that alleged a fraudulent transfer by the operator of a debt-collection scheme. For more information, click here. On April 22, the U.S.

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Troutman Sanders

AUGUST 2, 2021

On July 30, the Consumer Financial Protection Bureau (CFPB) announced that two final rules issued under the Fair Debt Collection Practices Act will take effect as planned, on November 30. For more information, click here. For more information, click here.

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