Credit Management Company
SEPTEMBER 30, 2022
When individuals or businesses fall behind in payments, the situation often results in frustration and a breakdown in communication for both the debtor and the creditor. Building positive relationships, or at least productive ones, goes beyond the baseline step of following the Fair Debt Collection Practices Act (FDCPA).
Taurus Collect
FEBRUARY 1, 2024
Understanding the raison d’être of debt collectors can demystify their actions and help you approach situations with them in a more empowered way. At this juncture, the creditor may turn the account over to an internal collections department or an external debt collection agency.
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Taurus Collect
FEBRUARY 1, 2024
The legal framework governing their actions varies from country to country, with rules specifying how and when they can contact debtors, what they can say, and the measures they can take to collect the owed amount. In the UK, debt collection companies operate under strict regulations set forth by the Financial Conduct Authority (FCA).
Nexa Collect
AUGUST 6, 2020
While it’s smart to initially attempt collection on your own, there’s only so much work you should do. Trying to collect a bad debt is draining on your time and your resources. Eventually, it makes sense to pass the task on to a professional debt collection company. Contact Us.
Troutman Sanders
JULY 31, 2020
The Middle District of Pennsylvania recently held that including line items for interest and fees in a debt collection letter when no interest or fees are sought does not violate the Fair Debt Collections Practices Act (“FDCPA”). ACS”), seeking to collect a consumer debt. In Reyes v.
Collection Industry News
JULY 12, 2021
Preferred Collections and Management Services, Inc. , The court concluded that because an internal reference number embedded in a bar code is “a piece of information capable of identifying [Morales] as a debtor,” its disclosure was a concrete harm. The case now heads back to the District Court to continue the litigation.
Sawin & Shea
JULY 20, 2022
Businesses or individuals who collect debts on behalf of others are known as debt collectors. The majority of debt collectors work for reputable collection companies. Doctors, hospitals, shops, mail-order businesses, and occasionally banks and loan firms all use collection agencies. Unfairness.
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