Credit Corp

SEPTEMBER 13, 2023

On your own, you may not receive approval on a personal loan or car loan. When you have a cosigner with a good credit score, the lender sees loaning to you as less of a risk because the cosigner is also attached to the loan. When you agree to pay off or settle the debt, you can ask for a pay-for-delete letter.

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Better Credit Blog

APRIL 1, 2022

A good credit score allows you to get better rates on car or mortgage loans just to name a few. If you fall into hard times, the inability to pay off your credit card bills or student loans can result in your debts being transferred to a debt collection agency. Table of Contents: Know Your Rights with Transworld.

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Collection Agencies Collections Agency Garnishment Fair Debt Collection 77

Collection Industry News

JUNE 1, 2023

The growing complexity of financial products, such as credit cards, mortgages, and student loans, has led to a surge in outstanding debts. This presents a substantial opportunity for debt collection agencies to assist lenders in recovering unpaid debts and managing default risks.

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Credit Corp

OCTOBER 25, 2023

No credit means that lenders can’t easily review your credit history, while bad credit means you’ve earned derogatory marks on your credit profile. There are certain loans that you can apply for with bad credit. Knowing your debt collection rights can help if an agency threatens to seize your assets or ask for more money than you owe.

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Loans Lender Credit Bureau Collection Agencies 52

Better Credit Blog

APRIL 1, 2022

Write a letter to the original creditor or collection agency and ask them to remove the negative entry from your credit history as an act of goodwill. This is most effective when you’re trying to remove late payments, paid collections, or paid charge-offs. A goodwill letter is really easy to write. You may spend $400 to $500.

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Bankruptcy Collection Agencies Collections Agency Lender 114

Better Credit Blog

APRIL 3, 2022

Portfolio Recovery Associates, LLC, is a collection agency that buys old debts from lenders and companies that have been unable to collect the debt themselves. In other words, when the original creditor has been unsuccessful in collecting on a debt, it will write off the debt as a loss. This is called a charge-off.

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Debt collector Collection Agencies Collections Agency Garnishment 87

Troutman Sanders

OCTOBER 19, 2021

The Office of Enforcement will be responsible for oversight of enforcement actions against postsecondary schools that participate in the federal student loan, grant, and work-study programs. These FAQs are a Compliance Aid designed to help collection agencies comply with Reg F, which goes into effect on November 30, 2021.

Financial services 52

Financial services Student loans Student Loans Debt collector 52

Troutman Sanders

SEPTEMBER 7, 2021

If finalized, this rule would require lenders to disclose information about their lending to small businesses. Under the proposal, lenders must report the amount and type of small business credit applied for and extended, demographic information about small business credit applicants, and key elements of the price of the credit offered.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Re:Ceeve

JULY 9, 2020

The problem typically started when they took on student loans. These loan amounts grew to become a burden that never let them hit life’s major milestones in time. However, monumental US student loan debt is stopping millennials from buying homes.

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Student loans Student Loans Loans Debt collector 68

Better Credit Blog

AUGUST 25, 2020

While ignoring Global Crossing won’t help matters, simply paying the collections agency what you owe isn’t the wisest course of action, either. Getting a collection account removed from your credit report could be as simple as asking. is a legit debt collection agency. How Does Global Crossing Local Services Work?

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Debt collector Collection Agencies Collections Agency Student loans 53

Troutman Sanders

MAY 9, 2023

PACE loans, secured by a property tax lien on the borrower’s home, are often promoted as a way to finance clean energy improvements, such as solar panels. The proposed rule would require lenders to assess a borrower’s ability to repay a PACE loan and would provide a framework for how these loans will be treated under the Truth in Lending Act.

Financial services 52

Financial services Student loans Student Loans Loans 52

Troutman Sanders

JULY 7, 2021

The licensed entities include vehicle finance companies, traditional installment lenders, and mortgage lenders. The law does not impact most third-party collection agencies, but it does impact some creditors and debt buyers. For more information, click here.

Financial services 52

Financial services Financial Institution Student loans Student Loans 52

Better Credit Blog

AUGUST 31, 2020

It is enforced by the Federal Trade Commission , a federal agency that protects consumers and maintains fair competition in the marketplace, including debt collection attempts. The law specifically limits how and when collections agencies can contact you, and it allows you to dispute debts. What Does the FDCPA Apply to?

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Fair Debt Collection Third-party Debt Collectors Collections Debt collector 53

Sawin & Shea

NOVEMBER 30, 2022

Student loan default can impact millions of Americans. Unfortunately, defaulting on a student loan can hurt your finances, credit, and other aspects of your life. If you fall behind on student loan payments, your loan won’t default immediately. What Are My Options After Defaulting on Student Loans?

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Student loans Student Loans Loans Garnishment 112

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. 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.

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Credit Corp

SEPTEMBER 12, 2023

Like lenders, landlords check your credit to see if you can pay your bills on time. Typically, they only appear if you listed them on a credit card application or loan. Payment history: Credit reports show your history of payments to lenders. Because renting is an investment, property owners want to minimize risk.

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Bankruptcy Lender Student loans Student Loans 93

Troutman Sanders

MAY 5, 2022

Summarized below are those issues identified in the areas of auto servicing, consumer reporting, credit card account management, debt collection, deposits, mortgage origination, prepaid accounts, remittances, and student loan servicing. Student Loan Servicing. Auto Servicing. The CFPB alleges deceptive advertising.

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Financial Institution Repossession Debt collector Lender 52

Better Credit Blog

SEPTEMBER 8, 2020

Northland Group collects for businesses in a few industries, such as: Auto loans. Student loans. collecting on debts that the company buys. Since Northland isn’t the original provider of your loan or services, sometimes the documentation can get lost in the shuffle. Credit cards. Government. Healthcare.

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Debt collector Collection Agencies Collections Agency Collections 52

Troutman Sanders

OCTOBER 11, 2021

Department of Education announced the establishment of an Office of Enforcement within Federal Student Aid (FSA). According to the announcement, the new office will “strengthen oversight of and enforcement actions against postsecondary schools that participate in the federal student loan, grant, and work-study programs.”

Financial services 52

Financial services Loans Lender Foreclosure 52

Burr Forman

DECEMBER 4, 2020

Financial institutions, servicers, lenders, and debt collectors must stay up-to-date on evolving federal and state laws stemming from the COVID-19 pandemic, as such laws impact all facets of consumer loan servicing and debt collection. This order was extended until December 31, 2020.

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Financial Institution Garnishment Collections Foreclosure 52

Better Credit Blog

SEPTEMBER 23, 2020

Consumers can write them at their mailing address below: Allied Collection Service, Inc. Allied collects for service providers and lenders in the following industries: Commercial debt. Student loans. 3 Ways to Remove Allied Collection Service from Your Credit Report. 1607 Central Avenue. Columbus, IN 47201.

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Collections Debt collector Third-party Debt Collectors Fair Debt Collection 52

Debt RR

AUGUST 3, 2020

Common reasons for bank account garnishment in Texas include: Private creditors: These are banks, credit unions, credit card companies, peer-to-peer lenders, hard money loan providers, and other financial institutions. Student loans. Student loan disbursements. The IRS can also “seize” wages and tax refunds.

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Garnishment Banks Student loans Student Loans 40

Better Credit Blog

SEPTEMBER 8, 2020

If you begin to hear from a debt collection agency called Pioneer Credit Recovery, it is likely because you have defaulted on a loan or forgotten to pay a bill. In addition to showing up on your call logs, they will also appear on your credit report as a collection agency. Dealing with Pioneer Credit Recovery.

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Debt collector Collection Agencies Collections Agency Collections 52

Better Credit Blog

NOVEMBER 2, 2020

Action Financial Services is a debt collection agency that may have been hired by the original owner of your debt. What’s worse is that Action Financial Services’ entry can be viewed by potential lenders down the line. This can jeopardize your ability to qualify for loans or credit cards.

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Financial services Debt collector Collection Agencies Collections Agency 74

Troutman Sanders

OCTOBER 4, 2021

On September 22, the Internal Revenue Service announced that it awarded new contracts to three private sector collection agencies to collect overdue tax debts. Beginning September 23, taxpayers with unpaid tax bills may be contacted by one of the following three agencies: CBE Group, Inc., For more information, click here.

Financial services 52

Financial services Financial Institution Foreclosure Student loans 52

Collection Industry News

MAY 9, 2022

Summarized below are those issues identified in the areas of auto servicing, consumer reporting, credit card account management, debt collection, deposits, mortgage origination, prepaid accounts, remittances, and student loan servicing. Student Loan Servicing. Auto Servicing. The CFPB alleges deceptive advertising.

Financial Institution 40

Financial Institution Repossession Debt collector Student loans 40

Better Credit Blog

SEPTEMBER 9, 2020

Having a collection account on your credit report is extraordinarily damaging to your credit report. It can also serve as a reminder to future lenders that you have a history of not paying bills. This can mean that you may be passed over for loan and credit card approvals in the future. What is Sunrise Credit Services?

Debt collector 101

Debt collector Collections Loans Creditors 101

Collection Industry News

AUGUST 6, 2023

Federal student loan borrowers have had a break from paying back their student loans for over three years now. Over 50% of borrowers added debt on regular credit cards during the student loan payment pause and another 31% racked up balances on retail cards, a recent TransUnion analysis found.

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Student loans Student Loans Credit Card Debt Loans 40

Collection Industry News

JULY 20, 2020

Chicago Mayor Lori Lightfoot this week similarly announced an end to the collection of city debt, including late parking fines, through at least April 30. The Education Department is suspending collections on federal student loans and urging private collection agencies to stop pursuing borrowers.

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Better Credit Blog

SEPTEMBER 4, 2020

Originally founded in 2008, Rausch Sturm is a medium-sized debt collection agency out of Brookfield, WI. They collect loans for auto lenders, banks, commercial lenders, credit unions, credit card issues, student loans, telecommunications, and utility providers. Ask Sky Blue for Help.

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Credit Corp

JUNE 3, 2020

The company, creditor or collection agency has legal ways to pursue payment. These liens notify lenders of the creditor’s rights to your property. Exceptions apply for things like child support, spousal support, student loans and some property liens. One of those options is to sue you. Property liens.

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Judgment Garnishment Creditors Law Firms 98

Better Credit Blog

APRIL 11, 2022

This section of your credit report tells potential lenders who you are. The types of credit accounts you can expect to see in this section include: Mortgages , home equity loans, and home equity lines of credit. Student Loans. Auto Loans. Personal Loans or Other Installment Loans. Credit Cards.

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Creditors Loans Credit Bureau Lender 15

Better Credit Blog

AUGUST 19, 2020

Payment history mostly pertains to debts from mortgages, loans, and credit cards. However, after several missed payments on services like your phone, internet, and medical bills, those accounts can be turned over to a debt collection agency and placed on your credit report. Length of Credit History: 15% of Credit Score.

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Student loans Student Loans Lender Loans 60

Fico Collections

JANUARY 26, 2022

While Government will likely take a hand in directing the pace of some collection activities, others will be determined by the debt holder. Collection agencies will likely be busier than ever as more debt holders assign debts to agencies. Agencies will face challenges when consumers owe from many different sources.

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Collections Student loans Student Loans Government 52

Troutman Sanders

FEBRUARY 22, 2021

The letter states that “[b]road cancellation of Federal student loan debt will provide immediate relief to millions who are struggling during this pandemic and recession, and give a much-needed boost to families and our economy. Currently, the act only applies to persons who service student loans.

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Financial services Student loans Student Loans Financial Institution 52

Better Credit Blog

OCTOBER 14, 2020

Asset Recovery Solutions isn’t a lender, provider, or retailer itself, so getting a letter or call stating that you owe them money may have you concerned about the company’s legitimacy. Asset Recovery Solutions, LLC, is a completely legit debt collection agency headquartered in Illinois. Student loans. Retail debt.

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Better Credit Blog

OCTOBER 19, 2020

Confronting a collections agency about your debt can be stressful, especially when you’re receiving countless calls and constant messages from them. is a sizable debt collections agency that has been in business since 1993. Account Control Technology collects on a long list of debts, including: Commercial debt.

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