True Accord

FEBRUARY 3, 2022

We sat down with TrueAccord’s Chief Growth Officer, Sheila Monroe , who has held numerous executive-level positions at TrueAccord on top of a multi-decade career in collections, to learn more about the economics of collections and what new lending players should look for when considering a collections solution.

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UK debt collections

NOVEMBER 13, 2020

We are all familiar with the terms No win no fee debt collection or free debt collection but what is the real story here. Seemingly ‘cheap’ debt collection services are not always the way to go as it could cost you a lot more than you think. There is a darker side to the Debt Collection industry.

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Better Credit Blog

APRIL 1, 2022

If you’re unable to pay your original creditor, your debt may pass to a debt recovery agency, earning a collection letter and possibly a stain on your credit report. Credit Collection Services, known as CCS for short, is one of the largest debt collection agencies in the United States, based in Massachusetts.

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Taurus Collect

JUNE 5, 2019

Let’s go straight in on this one, because we know what makes a good collection agency. So here are 5 tips to choose a good collection agency for your business: Reputation & trustworthiness – always look for an agency with at least 5 years of trading history. Obviously these are very untrustworthy collection agencies!

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UK debt collections

JUNE 16, 2021

This in turn caused the creditors to delay Commercial Debt Collection and enforcement action. The company continued to trade and accrue further debts. The company had also notched up 7 Unpaid CCJ’s and had total debts of over £140,000.

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Troutman Sanders

DECEMBER 7, 2020

Midwest Recovery Systems (“Midwest Recovery”), a debt collection company, must cease its alleged debt-parking practices, delete all reported debts, and surrender its remaining assets in partial payment of a $24.3 million monetary judgment, under a stipulated order filed by the Federal Trade Commission (“FTC”) last week.

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Collection Industry News

MAY 10, 2023

As a result of actionby the Federal Trade Commission and the Commonwealth of Pennsylvania, debt collection company International Credit Recovery, Inc. The Federal Trade Commission works to promote competition and protect and educate consumers. ICR), officer Richard Diorio, Jr., and Edward Satell.

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Credits Inc

SEPTEMBER 20, 2019

7,837 debt collection companies. That being said, there is still a significant need for agencies that can help creditors collect on delinquent debts. That being said, there is still a significant need for agencies that can help creditors collect on delinquent debts. Outsourcing your collection efforts to firms providing.

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National Service Bureau

JUNE 10, 2015

In reality, debt collection agencies are the most useful means to get someone who has a legitimate contractual obligation to make good on their promise so that the honest businessman (perhaps yourself or your company) on the other side of the trade doesn’t get left holding the bag. Research the Company.

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Debt Recoveries

JUNE 11, 2023

Credit control is the process of overseeing and collecting payments that consumers or clients owe your company. To guarantee that everyone is on the same page with regard to payment expectations, clearly explain these terms to your consumers through written agreements or terms of trade documentation. or 1300 799 511.

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UK debt collections

JUNE 21, 2022

In total, 11,007 small, medium and large companies across 15 industry sectors participated in the research. International Debt Collection. Companies in the UK have been long faced with the challenge of recovering debts from overseas.

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Collection Industry News

JANUARY 19, 2021

I am reporting a potentially fraudulent credit collection and reporting issue,” said a third. The firm, Capio Asset Servicing, came under investigation last year as part of Operation Corrupt Collector, an enforcement sweep of the debt-collection industry by federal and state officials. who represents debtors in collection cases.

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Troutman Sanders

MAY 2, 2023

On April 27, Federal Trade Commission (FTC) Chair Lina M. On April 26, the CFPB issued an advisory opinion, reminding the industry that a debt collector who brings or threatens to bring a foreclosure action to collect a time-barred mortgage debt may violate the Fair Debt Collection Practices Act.

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Troutman Sanders

JANUARY 20, 2022

Companies that try to collect on medical bills prohibited by the No Surprises Act, or who furnish information to credit bureaus about such invalid debts, may face significant legal liability under the Fair Debt Collection Practices Act and the Fair Credit Reporting Act. On January 13, a group of U.S.

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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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Collection Industry News

JUNE 14, 2021

Welcome to the world of illegal debt collections. Here are snapshots of some cases against debt collectors that the State Attorney General’s Office, Federal Trade Commission and other law enforcement agencies have pursued in the past decade. Bella was also permanently banned from the debt collection industry. Assistant U.S.

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Collection Industry News

JUNE 14, 2021

Jason Nocera anticipated law enforcement authorities might raid his debt collecting business. Here are snapshots of some other cases against debt collectors in Western New York that the State Attorney General’s Office, Federal Trade Commission and other law enforcement agencies have pursued in the past decade: Douglas MacKinnon.

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Debt Recoveries

DECEMBER 6, 2020

Hi, my name is Adam Stewart, Debt Collection Expert and owner of Debt Recoveries Australia. Since forming a debt collection company many years ago, I have had the opportunity to meet many small and medium enterprises (SME’s) and company owners and see how they manage their accounts receivable internally. Are they stable?

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Troutman Sanders

JULY 11, 2023

Per the press release, the request for information “is part of the CFPB’s research on medical payment products and medical billing and collections” in addition to other actions by the CFPB and federal agencies. For more information, click here.

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FDCPA Defense

FEBRUARY 20, 2012

The CFPB claims to have the right to obtain privileged documents from all “supervised institutions” as well as from any “service provider” (such as a law firm or collection agency) who performs material services for a supervised institution. The Bureau specifically noted that plans to exercise supervisory authority over collection law firms.

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