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How Do Debt Collection Companies Operate?

Taurus Collect

However, people don’t realize that there are two distinct business models in the collection industry that conduct the collection of delinquent accounts in different ways. Debt collection varies depending on the company collecting the debt. The name of the original creditor. The Process.

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What Is a Debt Collector and Why Are They Contacting Me?

Taurus Collect

Simply put, it’s an individual or a debt collection agency in the UK employed by a creditor to retrieve funds that are overdue. In the UK, debt collection companies operate under strict regulations set forth by the Financial Conduct Authority (FCA). So, what exactly is a debt collector?

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The Limits On Direct And Vicarious Liability Under The FDCPA

FDCPA Defense

Even original creditors, who are not subject to the FDCPA, are being drawn into FDCPA litigation under various theories of recovery. For example, generally speaking, the Act applies only to “debt collectors” who regularly attempt to collect debts that are “due another.” Retrieval Masters Creditor Bureau, Inc. ,