UK debt collections

MARCH 16, 2022

They may see a third party debt collection agency as a threat to their position or their ego’s may come into play. It is true to say that not all Debt Collection Agencies are the same and not all Business Debt Recovery services will have the same impact. Why Business Debt Collection Matters. billion debt.

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Taurus Collect

FEBRUARY 1, 2024

Simply put, it’s an individual or a debt collection agency in the UK employed by a creditor to retrieve funds that are overdue. Let’s take a closer look at the role of debt collection agencies and what your rights are when interacting with them. So, what exactly is a debt collector? What Is a Debt Collector?

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Sawin & Shea

JULY 20, 2022

Have you ever been incessantly contacted by a debt collection agency trying to get money from you? It can be difficult to understand just what exactly these agencies are legally allowed to do, and what crosses the line. Businesses or individuals who collect debts on behalf of others are known as debt collectors.

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Taurus Collect

JANUARY 24, 2023

But while it can be exciting to think about that refund cheque hitting your bank account soon, there’s another equally pressing reason why you should pay attention this tax season – debt collection! These companies typically employ several tactics in order to recover debt, including phone calls, emails, letters, and even legal action.

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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.

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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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Better Credit Blog

AUGUST 7, 2020

If you forget to pay a bill, you may begin to hear from a debt collection agency called Credit Control Corp. Credit Control Corp is a debt collection company that collects payment on your debt on behalf of the original creditor. What is Credit Control Corporation? Get Everything in Writing. Request Debt Validation.

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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. Should I Hire a Credit Repair Company? Credence Resource Management, LLC, is a debt collection agency that was founded in Nevada in 2013, with its current headquarters in Dallas, Texas.

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Collection Industry News

MARCH 7, 2022

As a result, the agency will be “scrutinizing” the three major credit reporting bureaus — Equifax, Experian and TransUnion — and their handling of medical debt to make sure it is accurately reported in consumer files, Mr. Chopra said. Medical debt, unlike a mortgage or car loan, is often incurred involuntarily.

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Taurus Collect

MAY 2, 2022

However, understanding the actual issues and their origin with the assistance of a well-experienced debt collecting company will help you avoid major financial problems while enabling you to focus on your business’s growth. Look no further than Taurus Collections (UK) Ltd. Keep cash flowing. Manage growth.

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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. 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.

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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?

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Credits Inc

SEPTEMBER 20, 2019

7,837 debt collection companies. In the last decade, the total number of agencies has declined as the economy has gotten past the effects of the 2008 financial crisis. That being said, there is still a significant need for agencies that can help creditors collect on delinquent debts.

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Collection Industry News

JANUARY 19, 2021

Yet the federal government’s Paycheck Protection Program last year also gave the company a helping hand: It provided $2.4 million in forgivable loans to Capio and an affiliated firm, the Law Office of Mitchell D. More than half of small-business loans went to larger businesses, new SBA data shows.

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Better Credit Blog

OCTOBER 2, 2020

Being pursued by Aargon Agency Inc will be accompanied by a collection account on your credit report and a drop in your credit score. This is because collection accounts on your credit report can have a significant impact on your score for up to seven years. You may even be turned down for loans and credit cards because of it.

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Better Credit Blog

AUGUST 21, 2020

MRS BPO LLC is a medium-sized debt collection agency based in Cherry Hill, NJ. They were originally founded in 2007, which makes them a relatively new debt collection company. MRS BPO LLC collects on behalf of a number of industries, including health care, credit cards, auto loans, telecom, and utilities.

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Better Credit Blog

SEPTEMBER 11, 2020

Also known as Collection Company of America, EOS CCA is a large collection agency that currently employs about 6,000 employees. They collect a variety of debts including those from banks, telecommunication companies, student loan providers, college and universities, and more. Request Debt Validation.

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Collection Industry News

JUNE 14, 2021

The 2019 stipulated judgment also required a MacKinnon business associate, Mark Gray, and his company Delray Capital LLC, to pay $10,000 toward a $6 million judgment against them, and banned them from the debt collection industry. The settlement also permanently banned them from debt collection. million to settle the case.

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Better Credit Blog

SEPTEMBER 30, 2020

This entry will notify the credit reporting agencies of your delinquency and tell future lenders and creditors that you have a history of nonpayment. Collections accounts like these on your credit report are damaging to your credit score and can prevent you from being approved for loans and credit cards down the line.

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Better Credit Blog

SEPTEMBER 14, 2020

Having collection accounts on your credit score is incredibly damaging to your credit health. Future lenders are able to see any collection accounts on your credit report and can deny you loans based on your history. For more information on Waypoint Resource Group and how to deal with them, check out our in-depth article below.

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Better Credit Blog

NOVEMBER 24, 2020

If you have had an overdue bill move to collections, you may begin hearing from a company called ACS Inc. ACS Inc is a collection agency that works with lenders and creditors to recover payments on defaulted loans or unpaid bills. This will make lenders and creditors unlikely to make you loan offers down the line.

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Better Credit Blog

FEBRUARY 17, 2021

Fidelity National Collections is a medical debt collection company that works on behalf of healthcare providers to recover unpaid balances. Apart from their calls and letters, Fidelity Collections can have a detrimental effect on your credit score. About Fidelity National Collections.

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Better Credit Blog

SEPTEMBER 18, 2020

National Credit Services is a medium-sized debt collection agency that is headquartered in Bothell, WA. Founded in 2000, they collect a variety of debt types such as higher education, healthcare, financial and commercial debt. What is National Credit Services (NCS)?

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Firms

FEBRUARY 19, 2016

For some of us, we went into debt in the first place because there was a form of an emergency that we were not prepared or financially equipped to handle at the moment and the way of handling the financial burden was to use a credit card or take out a no-interest loan that later became impossible to pay off in time.

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FDCPA Defense

JANUARY 28, 2012

A collection company will generally be held liable for its employees’ FDCPA violations, using principles of respondeat superior, if the violations occurred within the course and scope of their employment. 2000) (“[T]he debt collection company answers for its employees' violations of the statute. See Wadlington v.

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