Account Recovery

MARCH 29, 2022

. – Crown Asset Management, a specialty finance and receivables management firm, is announcing its 2021 Agency of the Year and Firm of the Year awards. The Award Winners were selected from the company’s national network of partner collection agencies and law firms.

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Taurus Collect

SEPTEMBER 17, 2021

So, why is an external debt collection agency better for businesses? External Debt Collection for Businesses. Regardless of your business’s niche, it’s unlikely that you have the time and resources to handle debt collection. In fact, even big businesses like utility companies use external debt collection agencies.

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Account Recovery

APRIL 17, 2023

Consumers in seven different class actions filed against a collection agency that suffered a data breach have filed a motion to consolidate their lawsuits into one, which would put eight different law firms in charge of representing the plaintiffs.

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Collection Industry News

JUNE 12, 2023

Here are some effective ways to attract clients as a collection agency: 1. Establish connections with individuals and businesses that can refer clients to your agency, such as attorneys, financial institutions, credit bureaus, or other professionals in the debt recovery field. appeared first on Collection Industry News.

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Account Recovery

JANUARY 13, 2021

All certification categories—which includes debt buying companies, collection agencies, collection law firms, brokers, … The post RMAI Receivables Management Certification Program Continues to Expand – Certifies First Process Server appeared first on AccountsRecovery.net.

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Credit Corp

SEPTEMBER 12, 2023

When a lender doesn’t receive payments for a line of credit, like a credit card or personal loan, they may choose to eventually sell that credit to a debt collection agency to get some of their money back. So if you have a debt in collections, your credit score has likely taken a dip. Here’s how to do it.

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American Profit Recovery

MAY 28, 2021

If you are running a professional services firm or a consulting agency, we know that you are working closely with your clients and have far more interaction than other industries. This can include law firms, management consulting firms, marketing agencies, and others. If you choose the right agency.

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FFGN COLLECT NY

FEBRUARY 24, 2023

There are a lot of debt collection law firms and debt collection agencies available to choose from. Debt collection doesn’t always mean litigation. Like a debt collection agency, a debt collection lawyer can send communications on your behalf requesting the monies owed.

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Troutman Sanders

OCTOBER 17, 2023

In 2010, the defendant purchased the account and placed it with a law firm for collection. After receiving letters from the law firm, the plaintiff set up a payment plan, which she completed in 2013.

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FFGN COLLECT NY

APRIL 20, 2021

You receive a callback but the person calling you is not from the firm that filed the suit, but rather is from a collection agency that claims they have authority to negotiate on behalf of the creditor. Once you receive this, you know that any settlement negotiated with the collection agency is valid.

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Consumer Financial Services Law

APRIL 25, 2020

Additionally, in response to the number of questions posed with respect to the obligations of collection agencies and others licensed by the North Carolina Department of Insurance, the Department has now published a list of FAQs. Instead, it is "up to the customer" to contact the collection agency to discuss options.

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FFGN COLLECT NY

DECEMBER 15, 2021

The CFPB also acts as a database that logs complaints against collection agencies and collection attorneys. The public record includes the names of the debt collection agencies, law firms, and lawyers, accused of wrongdoing as well as what the debt collector is accused of.

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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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BN Lawyers

OCTOBER 23, 2020

Originally founded in 1993, the National Creditor Bar Association is dedicated to serving law firms engaged in the practice of creditors rights law. is a national law firm based in Austin, Texas with offices across the United States. About Barron & Newburger, P.C. Barron & Newburger, P.C. Contact.

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Collections Law

FEBRUARY 15, 2023

When Your Done Letting the Debtor Control Your Cash Flow, Hire the Law Offices of Alan M. Cohen LLC to Collect Your Bad Debts. Some debt collection law firms and all collections agencies will waste your time on phone calls and letters when you’ve already tried communicating with the debtor.

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Credit Corp

JANUARY 21, 2021

The investigation typically involves contacting the reporting creditor or collection agency. If you think your collection or credit reporting issue should be be protected under the CARES Act, consider consulting a lawyer. One can help you understand your rights, which laws affect them and any action you might take next.

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Katabat

JANUARY 24, 2020

The conference, occurring February 3–6, 2020, brings together key participants in the receivables management industry, including debt buying companies, collection agencies, collection law firms, brokers, originating creditors, and affiliates.

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FFGN COLLECT NY

JANUARY 13, 2021

Other complaints are linked to the lack of or failure to comply with licensing, the theft of monies collected for the benefit of creditors by the collection vendor, and more. New York Debt Collection Laws. As of today, New York does not require licensing for collection agencies or collection law firms.

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Collection Industry News

DECEMBER 21, 2020

In January 2009, after a homeowner (“debtor”) fell behind on his homeowners’ association (HOA) dues, a law firm acting as a debt collector for the HOA sent notices to the debtor regarding the unpaid debt. The law firm filed a separate proof of claim for the HOA, and the debtor’s Chapter 13 plan was eventually confirmed.

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Better Credit Blog

NOVEMBER 17, 2020

Fortunately, there are a few strategies you can use to get a collections agency like MBA off your report and improve your credit score. What Is MBA Law Offices/Capio? MBA Law Offices isn’t a name you’ve likely encountered outside of your credit report, but they are a legitimate company. Short for Mitchell D.

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UK debt collections

NOVEMBER 13, 2020

Across the land, some unsuspecting Small Business owners and Company CEO’s will be screaming “get some cheap debt collectors” or “find a no win no fee debt collection agency” As with any service or product, cheap is rarely ever cheerful. There is a darker side to the Debt Collection industry.

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FFGN COLLECT NY

FEBRUARY 10, 2021

The internet is awash with ads for collection agencies that promise to obtain money for you, but their harsh and aggressive collection techniques could reflect badly on your business. That’s why it’s important to hire a reputable collection attorney that knows how to collect B2B debt properly.

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Collection Industry News

MAY 1, 2023

Throughout my time working with third-party collection agencies and law firms, I’ve seen firsthand how quickly a company’s training program can impact an organization from both a compliance and performance standpoint.” Woggerman, also the President and Owner of ARM Compliance Business Solutions, LLC.

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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. Ask Lex Law for Help.

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UK debt collections

JANUARY 25, 2022

Following their assessment, the FCA will communicate any concerns to firms, and if necessary the courts, and consider any further regulatory action, it said. Sarah Pritchard, executive director of Markets at the FCA, said: ‘Under existing company and insolvency law, firms have options to limit their liabilities.

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UK debt collections

SEPTEMBER 2, 2021

French debt collection agencies are particularly prevalent due to the country’s strong economic dependence on Small Businesses and Medium enterprises. Recovering business-to-business debts (B2B) takes on considerable importance for debt collection attorneys across France. A Five Step Process to Recovering your Debts in France.

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The Kaplan Group

JULY 15, 2021

They may consider having an attorney send a demand letter before turning it over to collections. Paying an attorney for an hour or two to write a letter is less expensive than a collection agency contingency fee. Many debtors think that hearing from a collection agency is less pressure than an attorney.

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Debt RR

AUGUST 27, 2021

When the traditional letters, phone calls, and negotiations fall short, it may be time to consider filing a debt collection lawsuit against your customer. You may have already hired a third-party collection agency, which has recommended litigation as your best option for collection after their own collection efforts proved unsuccessful.

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Better Credit Blog

APRIL 1, 2022

The longer you avoid a debt collection agency like Credence, the more damage the agency can do to your credit score. Credence Resource Management, LLC, is a debt collection agency that was founded in Nevada in 2013, with its current headquarters in Dallas, Texas. Your Consumer Rights. Ask Credit Saint for Help.

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Better Credit Blog

AUGUST 31, 2020

It is enforced by the Federal Trade Commission , a federal agency that protects consumers and maintains fair competition in the marketplace, including debt collection attempts. The law specifically limits how and when collections agencies can contact you, and it allows you to dispute debts.

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PDC Flow

AUGUST 18, 2020

What made you decide to focus your practice in financial services and more specifically in the debt collection industry? Our law firm employed a paralegal who was related to the president of a local collection agency. It was really by accident.

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The McHughes Law Firm

OCTOBER 21, 2020

Branding Arc is sponsoring the NCBA Executive Experience as part of a strong commitment to staying up to date with both marketing and industry trends, compliance policy, and relevant changes that affect creditors rights law firms and the in-house counsel of creditors. About NCBA.

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Collection Industry News

OCTOBER 19, 2020

Every month, my company receives a long list of creditors, lawyers, collection agencies, and other businesses that were sued under the FDCPA regulations. My name is Robert Pinchuck and I own and operate several lawyer directories that list hundreds of debt collection law firms.

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Collection Industry News

DECEMBER 21, 2020

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.

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Consumer Financial Services Law

APRIL 21, 2017

This week the CFPB filed suit in the Northern District of Ohio against Weltman, Weinberg & Reis, an Ohio law firm. The complaint is a continuation of the CFPB’s attack on collection law firms and their level of meaningful involvement. As we have stated before, this approach is problematic on a number of levels.

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Turbo Recovery

MAY 11, 2018

It is typical in the collections industry for existing, potential, and even new clients to call in around the months of April and May with lists of bad debt and other write-offs made in the past couple months. Unfortunately, some claims placed within collection agencies are nearly impossible to liquidate.

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FDCPA Defense

APRIL 17, 2019

Indeed, the “meaningful attorney involvement” theory has been embraced by the Consumer Financial Protection Bureau (“CFPB”) in its enforcement actions against large creditors’ rights law firms. The CFPB is expected to announce proposed debt collection rules in the near future that may incorporate the theory. What is the claim?

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