Account Recovery
MARCH 10, 2023
COMPLAINT ACCUSES COLLECTOR OF DEBT PARKING We haven’t seen a lot of these types of lawsuits, even though people expected to see a lot of them filed after Regulation F went into effect.
Better Credit Blog
AUGUST 31, 2020
Having debt in collections can be downright overwhelming, especially when debt collectors bombard you with dozens of phone calls. What Is the Fair Debt Collection Practices Act (FDCPA)? How the Federal Debt Collection Practices Act Protects You.
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Account Recovery
AUGUST 4, 2021
In what is certainly a first for me, a collection agency — which is represented by The Echols Firm — has defeated a motion to dismiss a lawsuit for lack of standing. But this is not a run-of-the-mill Fair Debt Collection Practices Act suit.
Account Recovery
DECEMBER 2, 2022
COLLECTOR ACCUSED OF VIOLATING REG F, FDCPA BY FURNISHING INFO ABOUT PLAINTIFF’S FATHER ON PLAINTIFF’S CREDIT REPORT A defendant is being accused of violating the debt parking provisions of Regulation F and the Fair Debt Collection Practices Act because it allegedly furnished information about an unpaid debt to the credit reporting agencies that was owed … The post Daily Digest – December 2.
Credit Management Company
FEBRUARY 8, 2022
In every sector, people are failing to make their payments on their debt. Perhaps you need to consider working with a collection agency. Read on to learn how to hire a collection agency that will serve your best interest and protect your good reputation.
Nexa Collect
JULY 2, 2020
With a quick search, you will find tons of information online about patient accounts receivable (AR), medical billing, and unpaid medical debt as it pertains to hospitals, doctor’s offices, and all other manner of specialty and medical facility. What causes these debts? . Debt Recover
Account Recovery
JUNE 20, 2022
A District Court judge in Utah has denied a defendant’s motion to dismiss in a Fair Debt Collection Practices Act case alleging it violated state law by suing to collect unpaid debts without having a license to collect.
Troutman Sanders
AUGUST 17, 2020
On August 12, 2020, Nicholas Brechun, Compliance Supervisor for the Colorado Fair Debt Collection Practices Act (“CFDCPA” or “the Act”), sent out notice of a stakeholder meeting to discuss amendments to the Act. All Entries Debt Buyers & Collectors TCPA
Account Recovery
AUGUST 9, 2021
A District Court judge in Utah has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act class action case, ruling that it did not need a license to collect in that state in order to file collection lawsuits against the two named plaintiffs.
Credit Management Company
FEBRUARY 22, 2022
The word debt often fills people with anxiety, and not without reason. The average American has over $90,000 of debt , and many struggle to manage this number. Therefore, many people find themselves encountering collection agencies at one point or another.
Collection Industry News
AUGUST 18, 2020
On August 12, 2020, Nicholas Brechun, Compliance Supervisor for the Colorado Fair Debt Collection Practices Act (“CFDCPA” or “the Act”), sent out notice of a stakeholder meeting to discuss amendments to the Act. 4) – preventing a terminated licensee from selling rights to collect accounts to another licensee, instead only allowing a second licensee to purchase the right of referral from the client; Rule 2.03(2)
Credit Management Company
MARCH 8, 2022
Are you worried that if you refer your customers to a debt collection agency you’ll lose control of your brand? If you’ve had negative experiences with debt collectors, you may think that asking someone else to handle your unpaid invoices is the wrong move.
Debt RR
SEPTEMBER 9, 2020
The settlement of debts acquired by either another company or an individual is one of the most common challenges that businesses experience. Collecting debts is time-consuming, especially if the debtor refuses to cooperate. Due to the frustration they encounter when collecting debts, they may resort to outsourcing the debt collection process to a collection agency for small businesses. How Small Businesses Proceed with Collections.
Credit Corp
NOVEMBER 9, 2020
If you or someone you know has dealt with a collection agency, you know how trying it can be. Debt collection agencies have a long history of harassment and illegal practices. Can a collection agency report to a credit bureau without notifying you?
Account Recovery
NOVEMBER 11, 2022
Class-Action Over Not Using MVN; Judge Blocks Student Loan Debt Cancellation appeared first on AccountsRecovery.net.
Payment Savvy
JULY 21, 2020
We don’t need to justify the vital role collection agencies play in our economy. Agencies also help consumers stay accountable for their financial purchases with manageable repayment plans. Are you interested in opening a collection agency?
Debt RR
AUGUST 3, 2020
It’s not uncommon for businesses to take on debt. Sometimes, that debt gets out of hand and businesses find themselves on the receiving end of calls from commercial debt collection agencies. Calls from a commercial debt collector can create an enormous amount of stress for many business owners. Here’s everything businesses need to know about commercial debt collection agencies and how to manage communication without disrupting day-to-day operations.
Account Recovery
AUGUST 9, 2022
National Service Bureau
APRIL 15, 2015
Last week we wrote about 2014 CFPB complaints against debt collection agencies. Now for the top three: #3: Disclosure verification of debt. Of these, 1,346 related to credit card collections and 1,057 had to do with healthcare collections. Per Section 809 of the FDCPA, debt collectors are required to disclose certain information. Credit card collections again led the way with 1,660 complaints.
Account Recovery
APRIL 1, 2022
A District Court judge yesterday granted a plaintiff’s motion for summary judgment, ruling that a collection agency that allowed collectors and other staff to work remotely violated the Fair Debt Collection Practices Act and ordered the agency to bring all employees back to the office.
Account Recovery
APRIL 1, 2022
Account Recovery
APRIL 1, 2022
It probably took a little while longer than everyone expected, but a class-action lawsuit has been filed against a collection agency for violating the Fair Debt Collection Practices Act because the Model Validation Notice it sent had the wrong scissors icon on it, among other issues.
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. In reality, debt collection agencies are the most useful means to get someone who has a legitimate contractual obligation to make good on their promise so that the honest businessman (perhaps yourself or your company) on the other side of the trade doesn’t get left holding the bag.
Better Credit Blog
OCTOBER 5, 2020
AT&T Collections is one of the biggest telecom providers in the country, with phone, data, and TV packages. If you missed a phone bill or canceled your AT&T account and forgot to pay the final balance, you could be contacted by their collections department. Collections
Account Recovery
AUGUST 5, 2022
The Minnesota Department of Commerce has assessed $20,000 in fines to a collection agency that was accused of continuing to violate an earlier consent order in which the agency allegedly violated the Fair Debt Collection Practices Act and state law in Minnesota. A copy of the consent order with Direct Recovery Services can be accessed … The post Agency Fined $20k for Violating Earlier Consent Order appeared first on AccountsRecovery.net.
Account Recovery
SEPTEMBER 6, 2022
Statewide Collection Service
Credits Inc
DECEMBER 11, 2018
In the debt collection field specifically, professionals are trained to be caring, concerned, and tactful when it comes to retrieving payments. Falsehoods and myths about the debt collection industry lead businesses and individuals alike to endure unnecessary debt and financial burdens. debt collection. processes that simply aren't true: Myth #1: Debt Collectors Harass Individuals Who Owe Money. Finding a Trustworthy Debt Collection Agency.
Account Recovery
JULY 19, 2022
Account Recovery
JUNE 27, 2022
Complaint Alleges Debt Parking Violation; Judge Grants MSJ For Defense in FDCPA Email Case appeared first on AccountsRecovery.net.
Account Recovery
JUNE 27, 2022
A lawsuit has been filed against a collection agency for violating the Fair Debt Collection Practices Act and the “debt parking” provisions of Regulation F — in what might be the first such lawsuit filed following the enactment of the debt collection rule last November.
Account Recovery
JUNE 21, 2022
Complaint Accuses Collector of Texting Mother About Daughter’s Debt; Mediation Program Dropping Caseload in One Texas Court appeared first on AccountsRecovery.net.
Account Recovery
AUGUST 4, 2021
COLLECTION AGENCY DEFEATS MTD IN SUIT AGAINST S.C. AG SEEKING TO OVERTURN ANTI-SPOOFING STATUTE In what is certainly a first for me, a collection agency — which is represented by The Echols Firm — has defeated a motion to dismiss a lawsuit for lack of standing.
Account Recovery
JUNE 23, 2022
Account Recovery
JUNE 7, 2022
A copy of … The post Lawsuit Accuses Collector of Trying to Collect Inflated Amount, Not Including Required Itemization Info in Letter appeared first on AccountsRecovery.net.
Account Recovery
JUNE 21, 2022
A copy of the complaint … The post Complaint Accuses Agency of Texting Mother About Daughter’s Debt appeared first on AccountsRecovery.net.
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