Taurus Collect

FEBRUARY 23, 2023

Here’s a quick overview of debt collectors vs lawyers to help you choose the right person for your situation. When you’re faced with debt, you have two options for recovery – debt collectors or lawyers When debt looms over you, it can be a daunting prospect to figure out how to recover it.

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Taurus Collect

JANUARY 20, 2023

Are you being contacted by debt collectors? 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. This allows debt collectors to assess the risk associated with extending you credit or initiating a loan.

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Taurus Collect

SEPTEMBER 15, 2022

However, the Financial Conduct Authority (FCA) has set specific rules and guidelines regarding how Debt Collection Agencies should operate and the policies they must follow to support vulnerable customers. Below are five typical tactics debt collectors are forbidden to practice while collecting debts.

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Taurus Collect

JUNE 13, 2022

The debt collection process involves recovering debts from the borrower who has initially failed to repay or recover payments on accounts that are past their due date. When asked about “what collection agencies do?”, most people tend to think of a debt collector trying to contact debtors about some unresolved debts.

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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. But it’s especially frustrating if your debt is several years old. Can a debt collector collect after 10 years? Get Help Now.

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Taurus Collect

MAY 4, 2022

Hence, just like any other service provider, there is a list of specific factors you should consider while selecting a professional debt collector to assist you in your debt collection matters: Specialization. Most people think that all debt collectors are the same. However, this is far from reality.

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Taurus Collect

SEPTEMBER 20, 2022

While there are several legitimate debt collection agencies in the industry, you should not overlook the chances that a scammer might try to take advantage of your debts. Here are a few red flags indicating the difference between an alleged debt collector and a scammer: A Scammer Will Falsely Threaten You .

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Collection Industry News

APRIL 21, 2021

The CFPB recently issued a consent order against a debt collection company and its owner over alleged violations of the CFPA and FDCPA involving misleading notices sent to consumers. The consent order imposes an $860,000 judgment and a permanent ban from any debt collection activities along with other requirements.

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Debt Recoveries

JUNE 11, 2023

This may entail sending out formal demand letters, hiring a debt collection company, or, if required, filing a lawsuit. You can also contact us via Skype at debtrecoveries The post What is Credit Control and How to be a better Debt Collector appeared first on Debt Recoveries Australia. or 1300 799 511.

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Nexa Collect

JANUARY 12, 2022

There are well-defined debt collection laws, both at the federal and state level, that prohibit debt collection companies from using abusive, unfair or deceptive practices to collect debts: A typical fine – $1000 per debtor.

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Collection Industry News

JUNE 14, 2021

Ciffa’s offices in Niagara Falls and Kenmore, debt collectors intimidated their victims with illegal threats of arrests and lawsuits. According to federal prosecutors, an elderly cancer patient in Texas was so rattled by the threats that she borrowed $500 from her sister to help pay off a debt of $1,285. Source: site.

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Troutman Sanders

DECEMBER 1, 2020

National Business Factors (“NBF”), a debt collection company, entered an agreement with Tahoe Fracture Clinic (“TFC”), to collect debts owing to TFC. Rather, a debt collector has an affirmative obligation to prevent discoverable errors. The Ninth Circuit Court of Appeals held in Urbina v.

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Collection Industry News

AUGUST 4, 2020

Days after her call to Consumer Investigator Shannon Behnken, she says Humana Insurance called her to say they are sending additional payment proof to the debt collector. “I Matinzi turned to Better Call Behnken for help after receiving bills from a debt collection company that is threatening to send the debt to credit bureaus.

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Collection Industry News

JUNE 14, 2021

In 2018, Homeland Security Investigations agents got a search warrant and seized $242,088 from Nocera’s business and personal bank accounts, after convincing a judge there was probable cause to believe the funds were derived from unlawful debt collecting and wire fraud. Gregory MacKinnon, Angela Burdorf, Joseph Ciffa.

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Collection Industry News

JULY 12, 2021

A recent decision in the 3rd Circuit should prompt debt collectors to review their inclusion of viewable bar codes, QR codes or other technologies when sending debt collection letters. Preferred Collections and Management Services, Inc. , In the wake of Hunstein v.

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Debt Collection Answers

MARCH 18, 2016

Under the federal Fair Debt Collection Practice Act, a debt collector generally is a person or a company that regularly collects debts owed to others, usually when those debts are past-due. Debt collectors include collection agencies or lawyers who collect debts as part of their business.

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Troutman Sanders

AUGUST 31, 2023

According to the CFPB, the defendants employed the same business model, i.e., purchasing portfolios of defaulted consumer debt and then placing the portfolios with other debt collection companies. The complaint went on to allege that the debt collection companies used unlawful tactics to collect the unpaid debt.

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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. ICR), officer Richard Diorio, Jr., Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.

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Firms

MARCH 12, 2016

I had never given the debt collection industry much thought but once I had started doing some investigating into the industry I quickly realized all the ways I could improve upon the experience and services that were being offered by the industry leaders. Fails to send written notice of debt. Calls repeatedly or continuously.

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National Service Bureau

APRIL 6, 2015

Debt collection companies walk a fine line between business efficiency in their primary function (accounts receivable management), while at the same time needing to respect the fact that the debtor is a valuable client to the business for whom they are running collections. 5: Improper contact or sharing of information.

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Public Citizen

SEPTEMBER 28, 2021

An Atlanta-based debt collection company and its owners will be permanently banned from the debt collection industry under the terms of a settlement with the Federal Trade Commission. The FTC's press release is here.

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JMA

SEPTEMBER 19, 2022

This is one of the many reasons choosing to seek the assistance of a debt collection company like us is worth it. If you’re not ready to work with a debt collector, Read more » The post Debt Recovery Tips for Small Business Owners appeared first on JMA Credit Control.

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Consumer Financial Services Law

FEBRUARY 11, 2018

Dunn Eighteen years ago, the Seventh Circuit crafted “safe harbor” language which, if used, shielded debt collectors from liability under 15 U.S.C. Section 1692g requires debt collectors to disclose, among other information, the “amount of the debt” a consumer owes. By Zachary K. A recent decision, Boucher v.

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Collection Industry News

AUGUST 4, 2020

The Plaintiff contends the defendant collection company routinely obtained skip traced phone numbers for debtors and loaded them into an autodialer for collection efforts. The case is Molinari v. Asset Mgmt. 18 C 1526, 2020 U.S. LEXIS 134045 (N.D. July 29, 2020). That sort of thing can get you in a lot of trouble.

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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! However, dealing with debt collectors can be intimidating if you don’t know how to handle them properly.

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Taurus Collect

AUGUST 23, 2023

With the right software, debt collecting companies can monitor payment trends, keep tabs on the debtors’ payment history, and track payment progress. With these tools at their disposal, debt collectors can have the peace of mind of knowing that they are doing everything in their power to manage their finances effectively.

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Debt Recoveries

APRIL 16, 2023

A lot of clients in need of debt collection assistance could be undecided about using commision-based debt collection or legal action. There are several things to think about when deciding between commision-based debt collection and legal action.

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Taurus Collect

OCTOBER 21, 2022

Most savvy collection agency leaders will always have a plan before tax season that includes proper training and staffing to handle greater call center volume. An efficient tax-season debt collection strategy involves an upsurge of efforts. Timing and Modification.

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True Accord

APRIL 21, 2022

Historically, debt collectors have been depicted as hostile, intimidating or downright rude – and over the years they’ve confirmed those stereotypes through aggressive phone calling and deceptive tactics. So what are consumers’ complaints about their experiences with debt collectors? We know there’s a better way.

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Better Credit Blog

APRIL 3, 2022

Portfolio Recovery will buy old debt for pennies on the dollar. By purchasing old debt, Portfolio Recovery becomes the debt collector, gambling that it can collect on the debt and make a profit. The Fair Debt Collection Practices Act outlines your rights as a consumer.

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Qualco

JULY 13, 2021

What debt counsellors and consumer protectors described as “long overdue” poses massive economic challenges for many debt collection companies in Germany. The new regulation primarily relieves debtors who are trying to settle their debts quickly, and consequently imposes increased fees for the debt collection industry.

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Recoverity

DECEMBER 7, 2021

No matter the B2B debt collection situation or where your debtor is, GGR has the corporate debt collection experience and proven accounts receivable management track record to successfully recover your money and become your long term debt collector solution.

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Collection Industry News

SEPTEMBER 8, 2020

Debt collection means requiring debtors to pay creditors outstanding due or overdue amount or property as obligated by a contract or by a decision of a competent State’s authority. In addition to debt collectors operating under Decree No.

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Better Credit Blog

AUGUST 21, 2020

Nothing is quite as panic-inducing as receiving a call from a debt collector. Not only are they notoriously rude, but having a debt collector on your tail can mean that your credit score is about to take a dive. MRS BPO LLC is a medium-sized debt collection agency based in Cherry Hill, NJ. Know Your Rights.

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Credit Management Company

JULY 14, 2021

Preferred Collection and Management Services, Inc. and what it could mean for the debt collection industry. The debt collection company electronically sent the following information to its third-party vendor: The consumer’s name and address. The debt concerned his son’s medical treatment.

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Collection Industry News

MAY 30, 2023

Preferred Collection & Management Services. 2022), where the plaintiffs alleged a debt collector violated the FDCPA’s prohibition on debt collector communications with third parties, 15 U.S.C. 1692c(b), by disclosing their debts to a third-party letter-vendor who formulated and mailed collection letters.

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FDCPA Defense

FEBRUARY 20, 2012

Does the Consumer Financial Protection Bureau (CFPB) have the power to tell debt collectors to turn over their attorney-client privileged communications? Thus, the Bureau effectively believes it can obtain the privileged documents of any debt collector in the country. The answer may depend on who you ask.

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