Credit Corp

SEPTEMBER 12, 2023

You can remove collection accounts from your credit report by disputing inaccuracies, asking for goodwill deletions, or requesting a pay for delete agreement. Collection accounts are bad for your credit score. So if you have a debt in collections, your credit score has likely taken a dip.

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FFGN COLLECT NY

DECEMBER 15, 2021

The Consumer Financial Protection Bureau (CFPB) has more to do with your debt collection claim than you might think. Personally, CFPB has a lot to do with how companies approach you to collect debt and other financial products. The bureau also specifies the behavior debt collectors can engage in.

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Troutman Sanders

FEBRUARY 1, 2022

District Court for the Southern District of California, granting summary judgment in favor of a debt collector in a Fair Debt Collections Practices Act (FDCPA) case. In doing so, it held that a collection letter, which indicated that the debtor could only dispute the underlying debt in writing, violated the FDCPA.

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Turbo Recovery

JANUARY 17, 2017

The thought of chasing customers to collect the money you’re owed probably isn’t the first thought on your mind when operating a business. At Point Law, we specialize in commercial , government , and healthcare debt collections and we’re here to provide solutions to collect your unpaid invoices.

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UK debt collections

FEBRUARY 9, 2022

Whilst the UK struggles to recover from the pandemic , its never been a better time for Businesses to use a Debt Collection Agency. Debt Collection Agencies do not just act for Businesses, there are many Debt Collection Agencies for individuals also. Since the beginning of commerce, people have accrued debt.

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Troutman Sanders

NOVEMBER 16, 2023

Court of Appeals for the Second Circuit issued a summary order affirming a district court’s holding that an emailed response to the plaintiff’s email did not constitute an “initial communication” under the Fair Debt Collections Practices Act (FDCPA). In Worley v. Simon, Meyrowitz & Meyrowitz, P.C. ,

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Troutman Sanders

JUNE 28, 2022

The creditor referred the account to a law firm, which served the consumer with a collection suit and obtained a default judgment for the balance. The law firm sent four post-judgment collection letters, demanding the $4,225.74 In a fifth letter, it demanded a balance of $3,996.74.

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Consumer Financial Services Law

JANUARY 23, 2017

The CFPB recently issued its third consent order involving a debt collection law firm and appears to be expanding its interpretation of “meaningful involvement”. See In the Matter of Works & Lentz, Inc., et al, File No. 2017-CFPB-0003.

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PDC Flow

AUGUST 18, 2020

This year has seen vast, unexpected change for the credit and collection industry. As many professionals work to navigate this new world of remote work and prepare for the months to come, attorney John Bedard has been a dominant voice, guiding collectors through the struggle. I’ve been representing debt collectors ever since.

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Credit Corp

JANUARY 21, 2021

A collections notice shows up, a debt collector starts calling or you find a negative report on your credit history, but you know you paid the account in question. Can you sue a company for sending you to collections for money you didn’t owe? Can You Sue a Company for Sending You to Collections? It happens.

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Collection Industry News

DECEMBER 21, 2020

Last week, the CFPB issued a Consent Order against a New Jersey based debt-collection agency (Agency) over allegations that the Agency regularly violated the FDCPA and the CFPA in the course of their collection activity.

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Collection Industry News

OCTOBER 12, 2020

The CFPB is actively working to protect consumers from illegal actions of debt collectors,” CFPB Director Kathleen L. We will continue to monitor the financial marketplace, as well as consumer complaints received, in order to ensure that we identify and take action against debt collectors who are violating the law.”. “We

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FFGN COLLECT NY

JANUARY 13, 2021

Whether you are looking for assistance with collection efforts or want to make sure your current vendor is in compliance, you should be familiar with the laws that govern New York debt collection. New York Debt Collection Laws. Business to Business Debts.

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Collection Industry News

SEPTEMBER 8, 2020

Article 6 Investment Law 2020 stipulates that “Debt Collection Service” is one of the businesses that are prohibited from investment. This regulation will come into force on 1 January 2021, whereby service contracts for debt collection concluded before that will be invalidated.

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Better Credit Blog

AUGUST 31, 2020

Having debt in collections can be downright overwhelming, especially when debt collectors bombard you with dozens of phone calls. Debt collectors are notorious for harassing consumers when they seek repayment, calling excessively and threatening to take actions that may not be legal. Table of Contents.

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FDCPA Defense

AUGUST 19, 2013

291 (1995), lawyers have known that if they seek to collect consumer debts for clients – even when doing so through litigation – they might qualify as a "debt collector" under the Fair Debt Collection Practices Act, 15 U.S.C. Click here for more information on what constitutes a "debt" under the FDCPA.

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Consumer Financial Services Law

APRIL 16, 2018

A district court has dismissed an FDCPA action based on a bona fide error after reviewing the collection firm’s extensive pre-suit procedures and determining they were reasonably calculated to avoid any errors. Guynn defaulted on his Bank of America credit card in 2013, and in 2016 the account was referred to a law firm for collection.

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Troutman Sanders

MARCH 4, 2024

State Activities: On February 28, New York AG Letitia James (D) announced that her office secured more than $650,000 from a debt collection law firm and its subsidiary for filing allegedly frivolous lawsuits and “harming … New Yorkers.” s Municipal Regulations. regulations allow utilities 10 business days.

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Troutman Sanders

SEPTEMBER 7, 2023

The Seventh Circuit Court of Appeals recently affirmed a district court’s dismissal of a suit holding that the plaintiff had not suffered a concrete injury, and therefore, lacked standing to assert a claim under the Fair Debt Collections Practices Act (FDCPA). Kohn Law Firm, S.C. In Choice v.

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Troutman Sanders

JANUARY 18, 2021

Benjamin , Judge Schroeder, of the United States District Court for the Middle District of North Carolina, denied Higgins Benjamin, PLCC’s (“Higgins”) motion to dismiss a class action claim brought by Mark and Geneva Golden under the Fair Debt Collection Practices Act. The Court found the reasoning in Fariasantos v.

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Collection Industry News

JUNE 1, 2023

Introduction: The debt collection industry plays a vital role in the global economy, helping businesses recover outstanding debts and maintain financial stability. The growing complexity of financial products, such as credit cards, mortgages, and student loans, has led to a surge in outstanding debts.

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Foster Swift

APRIL 28, 2019

For many, the term “debt collection” calls to mind threatening letters and harassing, late-night phone calls. Read More › Tags: Collections , Financing , U.S. Supreme Court.

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Collection Industry News

OCTOBER 27, 2020

The post CFPB settles lawsuit filed against debt collectors and debt buyers for alleged violations of CFPA, FDCPA, and 2015 consent order appeared first on Collection Industry News. Article by Alan S.

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FFGN COLLECT NY

FEBRUARY 10, 2021

If collecting debts owed to your business is draining your time, patience, and resources, it’s time to consider hiring a professional. The internet is awash with ads for collection agencies that promise to obtain money for you, but their harsh and aggressive collection techniques could reflect badly on your business.

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Collection Industry News

MAY 30, 2022

New Yorkers facing debt-collection lawsuits are poised to get a little extra help in the wake of a federal court’s ruling — and some observers say it could translate to a win for consumers across the country who have basic legal questions but can’t afford a lawyer. Source: site.

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UK debt collections

SEPTEMBER 2, 2021

A Five Step Process to Recovering your Debts in France. French debt collection agencies are particularly prevalent due to the country’s strong economic dependence on Small Businesses and Medium enterprises. Recovering business-to-business debts (B2B) takes on considerable importance for debt collection attorneys across France.

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UK debt collections

NOVEMBER 13, 2020

We are all familiar with the terms No win no fee debt collection or free debt collection but what is the real story here. Seemingly ‘cheap’ debt collection services are not always the way to go as it could cost you a lot more than you think. There is a darker side to the Debt Collection industry.

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Better Credit Blog

NOVEMBER 17, 2020

Fortunately, there are a few strategies you can use to get a collections agency like MBA off your report and improve your credit score. What Is MBA Law Offices/Capio? MBA Law Offices isn’t a name you’ve likely encountered outside of your credit report, but they are a legitimate company. How Does MBA Law Offices/Capio Work?

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Consumer Finance Watch

SEPTEMBER 16, 2022

Wayne Streibich, Diana M. Eng, and Andrea M.

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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. Portfolio Recovery buys multiple accounts with old debt from companies that have given up and “charged off” the accounts. Ask Lex Law for Help.

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Consumer Financial Services Law

JANUARY 11, 2018

A New Jersey district court recently held that a debt collection letter was not false or deceptive when it included court costs in its demand for the balance. 19, 2017), the collection law firm filed a collection suit seeking recovery of the balance due ($9,971.55), plus court costs. In Saroza v.

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Troutman Sanders

JUNE 23, 2021

Mikhael a letter in an attempt to collect a debt on which she had allegedly defaulted. If payment is not received [Credit Corp] will be sending your account to a law firm to be reviewed by an attorney for possible legal options.”. (Credit Corp) sent plaintiff Stacie A.

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Consumer Financial Services Law

FEBRUARY 18, 2019

McCarthy & Holthus LLP regarding whether non-judicial foreclosures qualify as debt collection under the FDCPA, the Sixth Circuit doubled down on its position that non-judicial foreclosures are debt collection. Trott Law, P.C. Building on its 2013 decision in Glazer v. Chase Home Finance LLC., 3d 453 (6th Cir.

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Consumer Financial Services Law

FEBRUARY 1, 2018

The Tenth Circuit has weighed in on whether a non-judicial foreclosure is debt collection activity. In response, the consumer requested validation of the debt. Instead of responding, the law firm initiated a non-judicial foreclosure. Instead of responding, the law firm initiated a non-judicial foreclosure.

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Collection Industry News

SEPTEMBER 28, 2020

According to the iA Case Law Tracker , New York courts have ruled 15 times on this claim filed on behalf of the consumer by Barshay Sanders. In all but one decision, the debt collector succeeded on either a motion to dismiss or a motion on the merits. Statistics of the Letter Format/Overshadowing Claim.

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Consumer Finance Watch

AUGUST 19, 2022

Wayne Streibich, Diana M.

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Collection Industry News

DECEMBER 21, 2020

Court of Appeals for the Ninth Circuit recently reversed an award of summary judgment in favor of a defendant debt collector against claims that it violated the federal Fair Debt Collection Practices Act (FDCPA) by attempting to collect a debt that was discharged in bankruptcy and no longer owed.

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