Credit Corp

JUNE 3, 2020

The company, creditor or collection agency has legal ways to pursue payment. The court enters a judgment against you if your creditor wins their claim or you fail to show up to court. The judgment creditor can then use that court judgment to try to collect money from you. This is known as wage garnishment.

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Credit Corp

AUGUST 31, 2021

Each state has a law referred to as a statute of limitations that spells out the time period during which a creditor or collector may sue borrowers to collect debts. This means that even a debt that is older than that may still be able to be collected on if you’ve made a payment sometime in the last four to six years.

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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. Can a debt collector collect after 10 years? Here’s an overview of the timelines for debt collection and what to do if you’re contacted about an old debt.

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Troutman Sanders

MARCH 22, 2021

Privacy and Cybersecurity Activities. Senators Sherrod Brown, Ron Wyden, Bob Menendez, and Chris Van Hollen introduced a bill that would extend existing rules restricting garnishment of federal benefit payments issued under the American Rescue Plan. On March 10, the Oklahoma Senate passed a health care debt collection bill.

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Troutman Sanders

JULY 7, 2021

Privacy and Cybersecurity Activities. The law does not impact most third-party collection agencies, but it does impact some creditors and debt buyers. On June 30, Maine Governor Janet Mills declined to veto a new law that expands consumer protections against garnishments. State Activities. On June 17, U.S.

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Credit Corp

AUGUST 24, 2020

Once you’ve accomplished these tasks, you may still be wondering how to pay collections to a debt collection agency. Find out how to pay collections below. The Fair Debt Collection Practices Act (FDCPA) provides protection for consumers. Use that during negotiations with creditors. Verify the Debt.

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