Nexa Collect
JUNE 21, 2023
If you ignore a debt collection agency, several potential consequences could affect your financial well-being and peace of mind: Persistent Contact : Debt collection agencies might persist in attempting to contact you through phone calls, letters, and possibly emails. This can be stressful and disruptive.
Credit Corp
AUGUST 24, 2021
Credit counselors are trained professionals who help individuals and families work to get a handle on their debt so they can lay a stronger financial foundation for the future. How does credit counseling work? It’s also important to do your research to make sure you are working with a legitimate, certified credit counselor.
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Credit Corp
FEBRUARY 9, 2024
Credit Counseling Immediate credit impact: None expected Long-term credit impact : None expected A credit counselor is a professional adviser who helps you manage and repay your debt. Counselors may offer free or low-cost consultations and educational materials.
The Kaplan Group
OCTOBER 19, 2020
FDCPA ( Fair Debt Collection Practices Act). The Fair Debt Collection Practices Act (FDCPA) is a federal law that restricts the behavior of collection agencies when they are attempting to collect money from individuals. The law does not apply to collecting from businesses. Interest and Collection Costs.
Taurus Collect
FEBRUARY 1, 2024
That’s where a debt collections service steps in—a critical intermediary that takes on the task of pursuing delinquent accounts to ensure that owed funds are recovered. They are responsible for pursuing the repayment of debts on behalf of creditors.
Debt Free Colorado
MARCH 3, 2023
Are My Creditors capable of appealing My Bankruptcy? Chapter 7 bankruptcy Given its straightforward and simple nature, Chapter 7 is sometimes referred to as straight bankruptcy since it involves selling the debtor’s assets, and splitting the money among creditors. What Can’t Bankruptcy Do? What Debts are Discharged in Bankruptcy?
Collection Industry News
FEBRUARY 21, 2022
Credit card balances grew to $856 billion in the fourth quarter of 2021, up $52 billion (6.5%) from the previous quarter. That’s the largest quarterly increase observed since the NY Fed began collecting this data 22 years ago. Outstanding credit card debt is still about 7.7% Signing you up for a debt management plan (DMP).
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