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 is because they know that most borrowers who are sued for old debts won’t show up in court, and the judge will issue a default judgment.

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Collection Industry News

SEPTEMBER 8, 2020

Meanwhile, debt recovery companies often run the business by all possible methods, whether legal or not, to achieve the purpose with costs as a percentage of the recovered amount. Especially, at the stage of judgment execution, debtors must have assets to obey the Court’s judgement. of these people. 104/2007/ND-CP.

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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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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. Associated Credit Servs. ,

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Collection Industry News

JUNE 14, 2021

The lawsuit against MacKinnon alleged he and his companies set up more than 250 debt collecting “shops,” most of which were in the Buffalo region. MacKinnon has not paid on the judgment, and the Attorney General’s Office recently filed a lawsuit to seize his family’s $1.6 A judgment of $22.5 million Clarence residence.

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Collection Industry News

DECEMBER 21, 2020

Court of Appeals for the Ninth Circuit recently reversed an award of summary judgment in favor of a defendant debt collector against claims that it violated the federal Fair Debt Collection Practices Act (FDCPA) by attempting to collect a debt that was discharged in bankruptcy and no longer owed. Wells Fargo , 276 F.3d

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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. Here’s a review of that case, Hunstein v. Background on This Case. Balance owned.

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Collection Industry News

MAY 30, 2023

The plaintiff alleged the defendant debt collector used a third-party letter vendor to transmit a collection letter, thereby disclosing plaintiff’s debt obligation to a third party in violation of § 1692c(b).

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Collection Industry News

JUNE 14, 2021

There are 156 debt collection companies – some of them legitimate, some not – in those two counties, employing more than 3,400 people, according to the state Labor Department. In recent years, authorities have either fined, seized or issued judgments totaling $120.4 million against debt collectors in Western New York.

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Troutman Sanders

MAY 6, 2021

A district court judge in California has certified a FDCPA letter class involving billing and collection letters sent by a collection company used by Hertz car rental agency. The plaintiff in DeNicolo v. Hertz Corp. See Denicolo v. Hertz Corp., 2020 U.S.

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Better Credit Blog

APRIL 3, 2022

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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FDCPA Defense

JANUARY 28, 2012

Capital Credit & Collection Servs., In Clark , the Ninth Circuit affirmed summary judgment for an attorney, because there was no evidence that he exercised control over the actions of his client. 2000) (“[T]he debt collection company answers for its employees' violations of the statute. 3d 1162, 1173 (9th Cir.

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National Service Bureau

SEPTEMBER 30, 2015

There has been a lot of discussion in the collections business about automated dialing equipment over the last few years as it relates to new industry regulation (the Telephone Consumer Protection Act, TCPA) and its application in practice. First, in a 2013 judgment of Nelson v.

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FFGN COLLECT NY

JANUARY 31, 2024

That would include pursuing a Debt collection company that acts deceptively and fraudulently. Some Debt collection companies act wrongly and engage in Fraudulent and deceptive behaviors. Have questions about collecting a debt in New York State? Trump and charges brought against former Governor Andrew Cuomo.

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Collection Industry News

MAY 11, 2021

“They have not charged me with anything … because my companies follow the law.”. Attorney’s office said Miller’s debt collection companies are under investigation for an alleged “wire fraud scheme related to unlawful debt collection activities involving victims across the United States.”.

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Troutman Sanders

MAY 2, 2023

On April 26, the FTC, the commonwealth of Pennsylvania, and debt collection company International Credit Recovery, Inc. agreed to International Credit Recovery’s permanent ban from the debt collection industry after it engaged in a telemarketing scheme against businesses and nonprofits. For more information, click here.

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