Credit Corp

JUNE 3, 2020

So, what happens when you don’t pay a bill or repay a debt? The company, creditor or collection agency has legal ways to pursue payment. The judgment creditor can then use that court judgment to try to collect money from you. Common methods include wage garnishment , property attachments and property liens.

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Collection Industry News

SEPTEMBER 23, 2020

. • Debt collection cases have claimed an increasing share of the civil docket, making up about 30% of the civil court caseload in the one state where comprehensive data was available. • The dollar value of claims filed annually by debt buyers increased from $6 billion in 1993 to $98 billion in 2013. Finding flaws in the claim.

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Taurus Collect

JANUARY 24, 2023

Collectors may also try to negotiate payment plans over the phone; however, it is important for debtors to be aware that they are not legally obligated to make any such agreements without first reviewing all of the terms and conditions associated with them.

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Debt Collection Answers

MAY 18, 2023

Like all other debt collectors, DNF Associates, LLC depends on multiple sources of information to pursue debt collection. This involves gathering all relevant information and evidence regarding the purported debt. Consumers should be meticulous and systematic if they want to contest a claim.

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Collections Law

JULY 6, 2021

For out-of-state creditors, the commercial litigation collections lawyers at Law Offices of Alan M. Once filed, you must wait 30 days until the execution is issued, and our attorneys can begin using our effective methods of collection to attempt to collect the monies you are owed.

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Better Credit Blog

MAY 12, 2022

And, after ordering you to repay the money, a judge could approve wage garnishment which means the court would take part of your paycheck and give it to the creditor before you even see the money! Or, if the debt is older than your state’s statute of limitations on debt you could get the case overturned.

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Debt Guru

APRIL 12, 2020

At the same time, payday lenders will start calling you and sending letters from their lawyers. As the fees pile up and the interest compounds, you might face a debt collector or even a civil lawsuit. Some payday lenders are quick to report default or sell loans to a collections agency.

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The McHughes Law Firm

AUGUST 29, 2016

However, the cost of not collecting on debts is much higher and can impact the amount of money you have on hand for day-to-day operations. When you work with a debt collection attorney, the majority of funds collected still end up back in your ledger. 5: Debt Collectors Hound Debtors and Make Threats.

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Collections Law

OCTOBER 5, 2020

Throughout the debt recovery process, you may be tempted to take the path of least resistance and try to either put the situation behind you or turn to a collections agency. However, that path can lead you to make compromises elsewhere to make up for the lost debt. The Law Offices of Alan M.

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Collections Law

JULY 1, 2020

Cohen LLC will work relentlessly to make sure you recover your bad debt. Collection agencies are passive organizations that make the same effort you were making before you brought them on board. There are several reasons why a business should hire an experienced collections lawyer who focuses on debt collection.

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