Nexa Collect

JANUARY 19, 2022

If you think that ignoring written demands and calls from a collection agency will spare you from all the consequences, then you are wrong. Your credit card address, your USPS change of address, address on your most recent bills are collected by data aggregation companies and/or credit reporting agencies.

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Better Credit Blog

MAY 12, 2022

In my recent experience, it’s not hard to remove judgments from your credit report as long as you follow the proper steps. Many readers assume it’s impossible to have the credit bureaus remove civil judgments because they involve the court system. It’s still possible you could see a judgment pulling down your credit score.

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Debt RR

AUGUST 3, 2020

Sometimes, that debt gets out of hand and businesses find themselves on the receiving end of calls from commercial debt collection agencies. Here’s everything businesses need to know about commercial debt collection agencies and how to manage communication without disrupting day-to-day operations.

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Collection Industry News

MAY 9, 2023

Introduction: When you’ve obtained a judgment in your favor, the next crucial step is enforcing it and recovering the owed amount. One significant aspect of the enforcement process involves locating assets belonging to the judgment debtor. Wage garnishment can be an effective strategy if you can locate their employer.

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Credit Corp

JUNE 3, 2021

But it takes a lot to get to that scenario, so if you’re not there yet you still have time to learn how to protect yourself from this type of collections activity. However, there are some types of accounts that are less susceptible to garnishment. Don’t Let Debts Get to the Garnishment Stage. Joint accounts.

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Collections Law

JULY 6, 2021

Cohen LLC, you will find that the process of domesticating and enforcing foreign judgments against your debtors is a much more straightforward process than one would typically expect. Filing of Judgments. For out-of-state creditors, the commercial litigation collections lawyers at Law Offices of Alan M.

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Taurus Collect

FEBRUARY 27, 2023

Once your bill is in collections, you’ll be contacted by a collection agency , which will try to collect the outstanding amount. If you still don’t pay, the debt may be sold to a third-party collection agency. Read on to learn more.

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Debt RR

AUGUST 3, 2020

This unpaid debt can lead to a serious problem for businesses: garnishment. Bank account garnishment can create serious cash flow blocks for companies of all sizes, and those cash flow problems can compound into other issues, like payroll concerns and late payments on other accounts. Can Debt Collectors Garnish Bank Accounts in Texas?

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Credit Corp

JUNE 14, 2020

Here’s one example of how a zombie might rise with help from a collection agency. The original lender or collection agency fails to collect within the statute of limitations. That collection agency may report the debt as owed to the credit bureaus. Zombie Debts and Judgments.

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Stevens Lloyd

DECEMBER 13, 2018

You have initiated a lawsuit and won a Default Judgment against the debtor. Judgments are worthless unless you can locate and garnish the debtor’s assets, however. Extracting money from judgments necessitates obtaining significant information about the debtor as it relates to their assets. So now what ?

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The Kaplan Group

OCTOBER 19, 2020

FDCPA ( Fair Debt Collection Practices Act). 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. Garnishment.

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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. In addition to making threats, this debt collection agency might tell you that if you pay off the debt in full it will be removed from your credit report completely.

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Collection Industry News

JUNE 1, 2023

This presents a substantial opportunity for debt collection agencies to assist lenders in recovering unpaid debts and managing default risks. Economic Factors: Economic conditions directly impact the debt collection industry. As businesses expand globally, debt collection agencies can extend their services across borders.

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Credit Corp

MAY 19, 2021

If you owe money and don’t pay it, a creditor typically has to get a judgment to be able to force the collection. Judgments must be filed in the state where you reside. They could just decide that it’s too expensive to try to collect the debt while you live outside of the country. Why Won’t This Strategy Work?

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The Kaplan Group

AUGUST 6, 2020

If your clients or customers owe you money, consider talking to a collection agency like ours for advice on how to solve the problem. You can then deal with the court ordered judgment collection process at a later date. You should know that once a judgment is issued the creditor can get a lien. Declare Bankruptcy.

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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. The Fair Debt Collection Practices Act (FDCPA) does not apply to original creditors or cover company obligations.

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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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Better Credit Blog

APRIL 3, 2022

Portfolio Recovery Associates, LLC, is a collection agency that buys old debts from lenders and companies that have been unable to collect the debt themselves. In other words, when the original creditor has been unsuccessful in collecting on a debt, it will write off the debt as a loss. This is called a charge-off.

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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. Preserving your reputation is a priority.

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Burr Forman

DECEMBER 4, 2020

On April 23, 2020, Governor Gavin Newsom issued Executive Order N-57-20 exempting stimulus payments and other COVID-19-related government financial assistance from attachment, levy, execution, or garnishment. On August 31, 2020, the state legislature enacted the COVID-19 Tenant Relief Act of 2020.

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Credit Corp

DECEMBER 14, 2020

Whether you have medical debt, credit card debt or unpaid student loans , getting calls or letters from debt collection companies can be frustrating. Can a debt collector collect after 10 years? In some states, a collection agency cannot try to collect at all once a debt is past the statute of limitations.

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Credit Corp

AUGUST 31, 2021

This means that even a debt that is older than that may still be able to be collected on if you’ve made a payment sometime in the last four to six years. In some states, a collection agency cannot try to collect at all once a debt is past the statute of limitations. Can a Collection Agency Report an Old Debt as New?

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Stevens Lloyd

SEPTEMBER 27, 2018

These include Writs of Execution, Bank levies, and Wage garnishments. A writ of execution (otherwise called an execution) is a court order used to put a judgment of ownership into power after it’s obtained by the offense from a higher court. What is a Writ of Execution. Obtaining a Writ of Execution. Bank Levies.

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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. The following are but some of the post-judgment debt recovery methods that we employ to collect on the bad debt owed to you. . Post-Judgment Actions.

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Collections Law

JULY 1, 2020

Collection agencies are passive organizations that make the same effort you were making before you brought them on board. At the end of the day, a collection agency will collect only low-hanging fruit and tell you that there is nothing more that they can do to help you. The Law Offices of Alan M.

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Debt Collection Answers

MAY 18, 2023

They can request a default judgment from the court if they contact you and you fail to respond within 20 days. A default judgment enables DNF Associates, LLC to seize your bank account, garnish your wages, and take other damaging legal actions against you. DNF Associates initiates legal proceedings against numerous individuals.

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Troutman Sanders

JANUARY 19, 2021

Currently set to expire on February 1, the collection actions subject to the moratorium include garnishment, attachment, and levy. On January 12, the Washington State Collection Agency Board approved a permanent rule allowing employees of licensed collection agencies to work remotely.

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Collection Industry News

SEPTEMBER 23, 2020

Default Judgments in Debt Collection Cases. The survey data showed that more than 70% of debt collection suits ended in default judgments. Whatever the reason, ignoring a debt collection lawsuit can mean big trouble. It can place a judgment lien on your home and real estate through the probate office.

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Troutman Sanders

JUNE 30, 2021

Columbia Debt Recovery , a Washington district court awarded each plaintiff $30,000 in emotional distress damages under the Fair Debt Collection Practices Act (FDCPA), $120 in treble actual damages under the Washington Collection Agency Act (WCAA) and the Washington Consumer Protection Act (WCPA), and $2,000 in statutory damages under the FDCPA.

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Collections Law

JULY 29, 2021

Cohen LLC collectively have nearly fifty years in commercial contract drafting and review. Unlike debt collection by a collection agency which often begins and ends with ineffectual collection letters, our approach is different. The experienced commercial debt collection attorneys at the Law Offices of Alan M.

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Credit Corp

JUNE 14, 2023

Your creditor may sell your charged-off debt to a collection agency for pennies on the dollar. The collection agency may then attempt to collect the debt anew. If the debt is still within the statute of limitations for the state where it was incurred, lenders could still attempt to collect it.

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Collection Industry News

JULY 20, 2020

The Education Department is suspending collections on federal student loans and urging private collection agencies to stop pursuing borrowers. An investigation by ProPublica found that court judgments in debt collection lawsuits were twice as high in black communities compared to mostly white neighborhoods.

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Sawin & Shea

MARCH 30, 2021

We are committed to providing compassionate and non-judgmental representation to all of our clients. This usually occurs 20-40 days after your petition is filed. At Sawin & Shea LLC , we understand that hiring an attorney to help you file bankruptcy is scary. We are here to help.

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Stevens Lloyd

JULY 30, 2018

The roles played by Credit Bureaus and collection agencies. The information provided by the databases helps to determine if there is a need to initiate the collection process or start litigation. there is a wide range of debt collection agencies. Collecting debts from the USA is not an impossible task.

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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.

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Debt Guru

APRIL 12, 2020

The resulting court judgment remains public for seven years, and a successful lawsuit can lead to garnishment of your wages or even seizure of your assets. Some payday lenders are quick to report default or sell loans to a collections agency. They may even call your personal references.

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Troutman Sanders

MAY 23, 2023

On May 16, Maryland Governor Wes Moore signed SB106 into law, exempting up to $500 in a deposit account or other accounts of a judgment debtor held in certain financial institutions from execution on the judgment without an election by the debtor to exempt the money. For more information, click here.

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