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Top 6 Complaints Against Debt Collection Companies

National Service Bureau

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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Tax Season Debt Collection Strategies and Why They Matter

Taurus Collect

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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How To Remove Portfolio Recovery From Your Credit Report

Better Credit Blog

Having a debt collection company on your credit report could pull down your credit score by as much as 100 points — if you had excellent credit to begin with. For example, Portfolio Recovery Collection cannot: Threaten you with criminal action: Debt in the United States doesn’t go through the criminal court system.

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What Debt Collectors Can and Cannot Do in Indiana

Sawin & Shea

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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Can Debt Collectors Call on Holidays?

Credit Corp

If the debt is yours and you continue to ignore debt collections, you might face wage garnishment or a lawsuit. Though you shouldn’t have to take calls at unreasonable times or on holidays, if you owe a debt, you may want to work with the collection company and consider how you can pay it to avoid other negative consequences. .

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Can Debt Collectors Call on Holidays?

Credit Corp

If the debt is yours and you continue to ignore debt collections, you might face wage garnishment or a lawsuit. If you owe a debt, you may want to work with the collection company and consider how you can pay it to avoid other negative consequences. Your credit score and credit report can also take a hit.

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Can a Debt Collector Collect After 10 Years?

Credit Corp

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. If that is correct, the lawsuit will be dismissed.