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Can a Collection Agency Report to the Credit Bureau Without Notifying You?

Credit Corp

If you or someone you know has dealt with a collection agency, you know how trying it can be. Debt collection agencies have a long history of harassment and illegal practices. Can a collection agency report to a credit bureau without notifying you? A collection account can significantly affect credit score.

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Appeals Court Vacates Judgment in Favor of Plaintiff in FDCPA Case Over Interest Disclosure in Letter

Account Recovery

The Court of Appeals for the Eighth Circuit has overturned a lower court’s ruling in favor of the plaintiffs in a Fair Debt Collection Practices Act class action, ruling they lacked standing to pursue their lawsuit after claiming a statement that “Interest and other charges may accrue daily” was deceptive and misleading.

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Judge Grants MSJ For Defendant in FDCPA Case Over Credit Karma Report

Account Recovery

What Credit Karma says in its reports about a consumer’s credit history is not gospel, a District Court judge in Tennessee has ruled, granting a defendant’s motion for summary judgment after it was accused of violating the Fair Debt Collection Practices Act because it allegedly communicated information to a credit bureau after it was instructed (..)

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Can a Collection Agency Change an Account’s Open Date?

Taurus Collect

Dealing with a collection agency can often feel like navigating a maze, especially when there seems to be a change in your account’s open date. If you’ve found yourself in this situation, you’re likely asking, “Can a collection agency change an account’s open date?”

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Debt Collection & Business Credit

The Kaplan Group

Commercial collection agencies like ours specialize in collecting on B2B debt. If your business is getting calls from a collection agency, you may wonder how this will affect your business credit. Why Worry About Your Credit Rating? Like personal debt, being sent to collections can affect your credit rating.

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What Is Zombie Debt and Why Is It a Problem?

Credit Corp

The most common cases of zombie debt involve collection activities. Here’s one example of how a zombie might rise with help from a collection agency. The original lender or collection agency fails to collect within the statute of limitations. That collection agency may report the debt as owed to the credit bureaus.

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How to Check Your Credit Report for Identity theft

Credit Corp

You can also use a tool like Credit.com’s Credit Report Card or ExtraCredit to monitor your credit. When you download your credit report with ExtraCredit, you’ll see a list of positive accounts, late accounts, collections, public records, inquiries and account balances. Learn More about ExtraCredit.