Credit Management Company

AUGUST 9, 2022

While many consumers are able to manage their debt load and stay current on their accounts, many businesses are finding themselves with uncollected debt and no proven collection strategy. Before you can collect on any debt, you need to validate the debt in accordance with the Fair Debt Collection Practices Act.

Debt collector 52

Debt collector Debtor Fair Debt Collection Original Creditor 52

National Service Bureau

DECEMBER 9, 2015

Here, we share three mistakes gleaned from a study of Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) enforcement actions. These are important for debt collectors to avoid, especially because they’ve been emphasized recently. Enforcement actions involving servicemembers.

Debt collector 40

Debt collector Collection Agencies Collections Agency Collections 40

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!

Collection Agencies 77

Collection Agencies Collections Agency Garnishment Fair Debt Collection 77

Credit Management Company

JULY 14, 2021

Everyone in the debt collection industry is familiar with the Fair Debt Collections Practices Act (FDCPA). Reputable collections agencies willingly follow these rules and treat patients with compassion and respect. The debt concerned his son’s medical treatment. Balance owned. Absolutely not.

Collections 52

Collections Debt collector Collection Agencies Collections Agency 52

National Service Bureau

SEPTEMBER 9, 2015

In any case, the huge amount of student debt is important information for consumers, debt collectors, and even the Consumer Financial Protection Bureau (CFPB) to know. If you’re one of the many trying to pay off student debt, it explains options like forbearance, consolidation, delinquency, and deferment.

Debt collector 40

Debt collector Student loans Student Loans Collection Agencies 40

Collection Industry News

DECEMBER 4, 2022

Almost 2,000 consumers who were conned into paying debts they didn’t owe are in the process of getting their money returned to them. Request a debt validation letter. If you’re contacted by a credit collection agency, regardless of whether or not it sounds legitimate, you should request a debt validation letter, McClary said.

Fair Debt Collection 40

Fair Debt Collection Credit Counselor Collections Legal Collections 40

National Service Bureau

JUNE 10, 2015

Debt collectors sometimes have a bad rap, but the truth is that they provide an important service to society so long as their practices are ethical in nature (i.e. Choosing the right debt collection agency is an important decision that can have both positive and negative repercussions for your business.

Collection Agencies 40

Collection Agencies Collections Agency Collections Collection Companies 40

Credit Corp

AUGUST 24, 2020

Two of the most common are coming up with enough money to pay off the debt and negotiating a payment plan or settlement you can afford. Once you’ve accomplished these tasks, you may still be wondering how to pay collections to a debt collection agency. Find out how to pay collections below.

Collections 90

Collections Debt collector Collection Agencies Collections Agency 90

Better Credit Blog

APRIL 1, 2022

The credit bureau agencies, Experian, Transunion, and Equifax may lower your credit score by 50 points or more, resulting in higher interest rates for any future lending ventures. Credit Collection Services, known as CCS for short, is one of the largest debt collection agencies in the United States, based in Massachusetts.

Collections 52

Collections Fair Debt Collection Debt collector Creditors 52

PDC Flow

SEPTEMBER 29, 2020

I went in-house as corporate counsel at a collection agency, where I oversaw legal, compliance, and training. I loved, loved, loved the synergy between compliance and training – it also gave me the opportunity to partner with the collection floor from a different perspective than just “compliance” and it was a lot of fun.

Collections 97

Collections Debt collector Trade Fair Debt Collection 97

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.

Debt collector 40

Debt collector Creditors Collections Loans 40

Collection Industry News

OCTOBER 6, 2020

The new rules are intended to address concerns identified by the DCWP in its “Lost in Translation: Findings from Examination of Language Access by Debt Collectors” report that was issued in the fall of last year. Of particular concern are the requirements and restrictions in 6 R.C.N.Y. § 6 R.C.N.Y. § 6 R.C.N.Y. §

Collections 40

Collections Creditors Debt collector Closed-end credit 40

National Service Bureau

AUGUST 28, 2015

The Fair Debt Collection Practices Act was first passed almost 40 years ago to govern the tactics used by debt collection agencies pursuing consumer debt. I t’s clear that debt collection practices are in the spotlight, so let’s take a look at FDCPA compliance and what it means for business.

Collections 40

Collections Debt collector Debtor Collection Agencies 40

National Service Bureau

AUGUST 19, 2015

The latter are obviously people and organizations that you would want to avoid should your business need assistance with collecting on delinquent accounts. Let’s take a look at some of the miscreants in the debt collection industry. How can something like this happen?

Collections 40

Collections Accounts Receivables Management Collection Agencies Collections Agency 40

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.

Collections 40

Collections Debtor Fair Debt Collection Debt Recovery 40

FDCPA Defense

APRIL 17, 2019

The “meaningful attorney involvement” doctrine evolved out of the Fair Debt Collection Practices Act, 15 U.S.C. Instead, the letters had been mailed by collection agencies that had used an attorney’s letterhead in a misleading fashion. How did everything go wrong for creditors’ rights attorneys? 1692, et seq.

Lawyers 40

Lawyers Creditor's Rights Law Firms Creditors 40

Troutman Sanders

DECEMBER 27, 2021

On December 22, the Federal Trade Commission (FTC) gave final approval to a settlement with a mortgage industry data analytics firm that will require the company to bolster its data security protections and oversight of its vendors to ensure third-party providers also comply with those safeguards. For more information, click here.

Financial services 52

Financial services Third-party Debt Collectors Debt collector Student loans 52

UK debt collections

DECEMBER 8, 2021

Debt Collectors in the USA have been given the green light to use Social Media to help collect debts. American Debt Collectors will now be able to chase down debtors via direct messages on social media on platforms such as twitter and facebook.

Debt collector 72

Debt collector Collection Agencies Collections Agency Debtor 72

Troutman Sanders

JANUARY 9, 2024

On January 4, the Federal Trade Commission (FTC) and the State of Connecticut announced they are filing suit against an auto dealer for several of its business practices. On January 2, the CFPB published a blog titled, “Holding Debt Collectors Responsible for False Statements.” For more information, click here.

Financial services 52

Financial services Student loans Student Loans Debt collector 52

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. Seven calls can be made each week for any particular debt, but people with multiple debts may still be called dozen of times each week.

Creditors 40

Creditors Debtor Debt collector Fair Debt Collection 40

Collection Industry News

DECEMBER 1, 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. Seven calls can be made each week for any particular debt, but people with multiple debts may still be called dozen of times each week.

Creditors 40

Creditors Debtor Debt collector Fair Debt Collection 40

Troutman Sanders

APRIL 26, 2021

million home that alleged a fraudulent transfer by the operator of a debt-collection scheme. The complaint asks the court to declare the transfer void and order the seizure and sale of the property to partially repay the debt-collector’s outstanding debt to the federal and state governments.

Financial services 52

Financial services Debt collector Loans Banks 52

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. On July 29, the Federal Trade Commission (FTC) announced that it will send refund checks, totaling nearly $2.3

Financial services 52

Financial services Foreclosure Student loans Student Loans 52