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Can a Collection Agency Change an Account’s Open Date?

Taurus Collect

Dealing with a collection agency can often feel like navigating a maze, especially when there seems to be a change in your account’s open date. If you’ve found yourself in this situation, you’re likely asking, “Can a collection agency change an account’s open date?”

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Collecting Business Debt: Five Best Practices When Working With A Collections Agency

Taurus Collect

Understanding the art of debt collection can be a challenging task for any business, especially when the debtor refuses to pay despite many reminders. In such situations, engaging a collections agency becomes inevitable. Access to Documentation: Ensure that your chosen collections agency has full access to these documents.

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Dealing with Debt Collectors

Debt Free Colorado

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.

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NJ Appellate Division Finds No Private Right of Action for Debt Purchaser’s Alleged Failure to Obtain State License

Troutman Sanders

In 2017, the plaintiff filed a class action lawsuit alleging the defendant was a “collection agency” that had “filed numerous lawsuits … to collect the consumer debts allegedly owed by New Jersey consumers on defaulted credit accounts at a time when [it] was not properly licensed” under the NJ Licensing Act.

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Why would the New York State Attorney General pursue a Debt collection company?

FFGN COLLECT NY

The role of the Attorney General (AG), head of the Department of Law, is “both the People’s Lawyer and the state’s chief legal officer…serves as the guardian of the legal rights of the people of New York, its organizations, and its natural resources.” Preserving your reputation is a priority.

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Give Your Company More Leverage If Your Customer Does Not Pay

The Kaplan Group

This could be more money, faster payments, avoiding court, or if necessary, the final outcome in court and the subsequent judgment collection process. In the USA, typically, you will not have the legal right to recover collection costs or attorney fees unless there is a signed written agreement with this provision.

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CFPB Reaches Settlement With Debt Collector Over Deceptive Practices

Collection Industry News

Last week, the CFPB issued a Consent Order against a New Jersey based debt-collection agency (Agency) over allegations that the Agency regularly violated the FDCPA and the CFPA in the course of their collection activity.