Indiana Consumer Law Group
MARCH 24, 2022
Indiana Consumer Law Group announces the filing of a lawsuit against Financial Center First Credit Union, a credit union located in Indianapolis, Indiana. The lawsuit alleges that Financial Center First Credit Union repossessed our client’s car. The case is being brought as a class action.
Nexa Collect
FEBRUARY 3, 2022
An average collection agency will recover about 20% of the total debt assigned. Here are the most important factors which decide how much a collection agency will collect for you: 1. Some clients may get a 100% recovery rate, for others it could very well be 0%. Debtors are less likely to pay when they feel threatened.
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Nexa Collect
OCTOBER 31, 2022
It is recommended to assign accounts for collections roughly when they are between 60-90 days past due for a maximum recovery rate. Based on clients we came across last year (2021), here is the average recovery rate we have seen, along with our collection agency partner(s). Credit Unions. Legal Services / Lawyers.
Account Recovery
MARCH 14, 2023
The California Court of Appeals has upheld a lower court’s ruling awarding $30,450 in attorney’s fees to the lawyers representing a plaintiff in a Rosenthal Fair Debt Collection Practices Act case — which was about $68,000 less than the plaintiff was seeking.
Sawin & Shea
FEBRUARY 28, 2024
You can discharge an unsecured loan whether it’s current, delinquent, or in default, even if the original lender sold it to a collection agency or debt buyer. No-credit-check lending, such as payday and title loans, often comes with unreasonable fees and annual percentage rates (APR). Unsecured loans don’t have collateral.
Jimerson Firm
JANUARY 17, 2023
The Florida Consumer Collection Practices Act (FCCPA) and the Fair Debt Collection Practices Act (FDCPA) are two pro-consumer statutes. Oftentimes, consumer lawyers bring claims for technical violations of the statutes, even when there are not any real damages suffered by a consumer. Businesses should be aware of each statute.
Credit Corp
APRIL 26, 2024
The IRS notes that cancellation can occur when the creditor gives up on collecting because it’s exhausted its resources and is unable to collect. So, while getting a 1099-C itself doesn’t change your credit at all, you’ve probably already experienced a negative hit to your score. Decision or policy to discontinue collection H.
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