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? The name of the original creditor to whom the debt is owed.
Credit Corp
JUNE 1, 2023
How to Improve Your Credit after Collections Debt Collections FAQ What Is Collections Debt? When you default on a payment, the company you owe may sell your debt to a third-party collection agency. In other cases, creditors may send you to collections the day after your payment is due.
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Sawin & Shea
JUNE 9, 2021
You may feel as if no one is on your side, but you do have some protection from collection agencies. The FTC (Federal Trade Commission) is an arm of the United States government that enforces consumer protection and antitrust laws. There are approximately 7,000 collection agencies in the U.S.
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.
Credit Corp
OCTOBER 16, 2023
[Name] [Address] [Today’s date] [Name of the debt collector] [Address of the debt collector] Re: [Debt account number, if it was provided to you] Dear [Name of the debt collector] : I’m replying to your communication regarding a debt you’re attempting to collect. You were dealing with a debt collection scammer.
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.
Credit Management Company
AUGUST 9, 2022
Before you can collect on any debt, you need to validate the debt in accordance with the Fair Debt Collection Practices Act. The Federal Trade Commission (FTC) has established debt collection guidelines to protect consumers from predatory collections practices. Here’s what you need to know about debt validation.
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