Collection Industry News
DECEMBER 1, 2022
Collections agencies buy your unpaid credit card debt from your card issuer when your balance lingers too long — but that doesn’t mean it goes away. When a collections representative from your credit card issuer calls you, it’s usually because you haven’t made at least the minimum payment for at least 30 days.
Better Credit Blog
APRIL 3, 2022
If you’re reading this article, I bet you’ve recently been contacted by a company called Portfolio Recovery Associates —and you may be wondering how to remove them from your credit report. Portfolio Recovery buys multiple accounts with old debt from companies that have given up and “charged off” the accounts.
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Collection Industry News
MARCH 7, 2022
Doctors and hospitals typically don’t report late payments directly to credit bureaus, but they may eventually send past-due accounts to outside collection agencies. Credit reports and scores are used by lenders to determine if you qualify for a loan, and what interest rate you pay.
Taurus Collect
JANUARY 20, 2023
It can be tricky trying to deal with a debt collection agency , but understanding why and how they check your credit score is the key to regaining control of the situation. Some debt collection companies have been accused of using aggressive tactics to collect money from consumers even when they aren’t able to pay back what they owe.
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. Each state has a law referred to as a statute of limitations that spells out the time period during which a creditor or collector may sue borrowers to collect debts.
Better Credit Blog
SEPTEMBER 8, 2020
If you begin to hear from a debt collection agency called Pioneer Credit Recovery, it is likely because you have defaulted on a loan or forgotten to pay a bill. In addition to showing up on your call logs, they will also appear on your credit report as a collection agency. What Is Pioneer Credit Recovery?
Better Credit Blog
SEPTEMBER 30, 2020
If you start getting calls from AAA Collections, it means that they have opened a collections account on your credit report. This entry will notify the credit reporting agencies of your delinquency and tell future lenders and creditors that you have a history of nonpayment. What is AAA Collections?
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