Taurus Collect

MAY 11, 2023

Overview of The Credit Card Debt Collection Process Credit card debt collection can be a stressful experience for both the debtor and the creditor. The process begins when the debtor stops making payments on their credit card and goes into default. What to Expect When Contacted by a Debt Collector?

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Direct Recovery

APRIL 18, 2023

Of course, there is also the fact that you’re probably more concerned with running your own business than collecting from a failed one. That’s why many small business owners prefer to hire commercial debt collection agencies to manage collections on their behalf. What is Commercial Debt Collection?

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Debt Free Colorado

FEBRUARY 21, 2022

When collecting a debt from you, collection agencies must adhere to federal and state rules. Fortunately, the federal Fair Debt Collection Practices Act (FDCPA) protects all states. You have rights to help you gain control over your debt collection interactions. Contact you if an attorney is representing you.

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Sawin & Shea

JULY 20, 2022

Have you ever been incessantly contacted by a debt collection agency trying to get money from you? Many individuals experience unwanted contact from debt collectors and are unsure how to approach the situation. The majority of debt collectors work for reputable collection companies. Contact an Attorney Today.

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Stevens Lloyd

AUGUST 17, 2018

If you currently have a debtor that is making excuses for non-payment or outright refusing to pay, then you might want to consider soliciting the services of a professional debt collection agency. In the past few years, there has been a rise in the number of debtors who refusing to pay monies owed.

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Collection Industry News

MAY 9, 2023

One significant aspect of the enforcement process involves locating assets belonging to the judgment debtor. By identifying these assets, you can explore avenues for garnishment, liens, or other means of debt recovery. Investigate Employment and Income Sources: Determine the judgment debtor’s employment status and income sources.

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Sawin & Shea

NOVEMBER 24, 2021

Many people worry that bankruptcy will simply delay the inevitable, such as a lawsuit, wage garnishment, or a foreclosure, and that their creditors will still come after them. An automatic stay is a fundamental part of bankruptcy that protects debtors from creditor actions. What Does an Automatic Stay Do? Automatic Stay Violations.

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Sawin & Shea

NOVEMBER 24, 2021

Many people worry that bankruptcy will simply delay the inevitable, such as a lawsuit, wage garnishment, or a foreclosure, and that their creditors will still come after them. An automatic stay is a fundamental part of bankruptcy that protects debtors from creditor actions. What Does an Automatic Stay Do? Automatic Stay Violations.

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The Kaplan Group

OCTOBER 19, 2020

The Fair Debt Collection Practices Act (FDCPA) is a federal law that restricts the behavior of collection agencies when they are attempting to collect money from individuals. The law does not apply to collecting from businesses. You can learn more about FDCPA in our advice to consumer debtors. Garnishment.

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Payment Savvy

NOVEMBER 30, 2021

Suppose your company works in the field of debt collecting, such as third-party debt collection firms , collection attorneys, debt buyers, or defaulted mortgage servicers. Regulation F affects everything from debtor communication to multi-state compliance. Lost or garnished wages. Civil Responsibility.

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Taurus Collect

MARCH 5, 2024

Creditors may take legal action to recover the debt, which might result in wage garnishment or a lien against your property. Increased Debt Through Fees and Interest: Many collection agencies add additional fees and interest to the original debt amount. Legal Actions: Ignoring debt collectors can potentially lead to lawsuits.

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Credit Corp

AUGUST 31, 2021

That’s even truer when someone is contacting you about an old debt you forgot about, thought was long resolved, or didn’t know about in the first place. Can a debt collector collect after 10 years, for example? Consider contacting an attorney to help you with your individual situation. In This Piece.

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Credit Corp

DECEMBER 14, 2020

If you have debt on your credit reports or are getting calls from a collection agency, you might wonder how long a debtor can try to collect these debts—and how long it can affect your credit score. Can a debt collector collect after 10 years? What to Do If You Are Contacted About an Old Debt.

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Taurus Collect

JANUARY 24, 2023

For many debtors, their primary contact with collectors will be through phone conversations. During these conversations, collectors may attempt to pressure debtors into making payment arrangements or discuss options for settling the debt for less than what is owed.

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Stevens Lloyd

JULY 30, 2018

The roles played by Credit Bureaus and collection agencies. there is a wide range of debt collection agencies. Some of these debt collection agencies have branches throughout the country. Due to the nature of their business, debt collection agencies are regulated by federal and state law.

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Better Credit Blog

AUGUST 31, 2020

What you may not know is that you are protected by the Fair Debt Collection Practices Act (FDCPA), a law designed to keep third-party debt collectors in check when they contact you. What Is the Fair Debt Collection Practices Act (FDCPA)? It Limits How Debt Collectors Can Contact You. Table of Contents.

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Stevens Lloyd

SEPTEMBER 27, 2018

At the Stevens-Lloyd Group, in addition to utilizing our unique blend of incorporating phone calls, strong written communication skills and litigation, we also utilize more advanced debt collection techniques. These include Writs of Execution, Bank levies, and Wage garnishments. What is a Writ of Execution. Bank Levies.

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National Service Bureau

APRIL 6, 2015

Debt collection companies walk a fine line between business efficiency in their primary function (accounts receivable management), while at the same time needing to respect the fact that the debtor is a valuable client to the business for whom they are running collections. 5: Improper contact or sharing of information.

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Sawin & Shea

MARCH 27, 2024

You can get a free consultation by contacting us online or calling us at (317) 759-1483 , and we’ll review your personal situation. When you file a Chapter 7 petition, you’ll receive an automatic stay protecting you from lawsuits and other collection efforts. What Is Chapter 7 Bankruptcy?

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Better Credit Blog

AUGUST 25, 2020

If MB&W is contacting you and has made an appearance on your report, it’s important to act quickly to get it removed. When a collections account makes its way onto your report, it can do a surprising amount of damage to your credit score. The agency has been in the business of debt collection since 1980.

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Collections Law

MAY 7, 2020

This local company turned to us after seeing minimal progress with a collections agency and were able to receive their monies without alienating their client. When we win your case, collecting the judgment may be made easier if monies were previously frozen by way of an ex parte bank or trustee attachment. and Crest Tractor.

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The McHughes Law Firm

AUGUST 29, 2016

Whether the debts are a few hundred dollars or tens of thousands, new business debt collection processes help countless companies recover debt in a timely manner. Myth No 3: If I Can Not Collect the Debt Myself, the Debtor Will Not Pay. It is certainly prudent to try to collect debt on your own for a period of time.

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Sawin & Shea

AUGUST 24, 2020

Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits. Chapter 13 Bankruptcy: Chapter 13 bankruptcy is a reorganization of debts for debtors with regular income. Debt collection agencies can be thoroughly unpleasant. What does each one mean?

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National Service Bureau

AUGUST 19, 2015

There are those organizations who are licensed, professional, effective, and ethical, and then there are those who would take advantage of specialized knowledge or the opportunity to take money unlawfully from debtors. Let’s take a look at some of the miscreants in the debt collection industry. Or no legitimate debt buyer?

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Better Credit Blog

AUGUST 31, 2020

Estimates suggest that close to one-third of Americans have debt in collections. Even a single entry from a collections agency can do damage to your credit score for several years. If PMAB LLC has contacted you, you’re probably eager to get them off of your credit report and stop their incessant calls. The good news?

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Better Credit Blog

AUGUST 17, 2020

Instead, it’s an agency that purchases debts from companies, for pennies on the dollar, then collects payments from debtors. Cavalry SPV is one of the largest debt collection agencies in the nation. Headquartered in Valhalla, New York, Cavalry has been in the business of debt collection since 2002.

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FFGN COLLECT NY

JANUARY 31, 2024

Here is an extreme situation of a bad actor detailing what the New York State Attorney General would pursue a Debt collection company: Filed in 2020, the NYS Attorney General partnering with the Consumer Fraud Protection Bureau ( CFPB ) shut down a Buffalo collection agency. Contact Jocelyn Nager ( jnager@ffgnesqs.com ).

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Collection Industry News

SEPTEMBER 8, 2020

What can this person do and not do to collect the $45,000 from you? He can contact you in person, by mail, telephone, telegram, or fax. However, he may not contact you at inconvenient times or places, such as before 8 a.m. He may not contact you at your workplace if he knows that your employer doesn’t allow personal calls.

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