Account Recovery

MAY 18, 2021

SDNY Judge Dismisses FDCPA Case; Debt Settlement Firm to Repay Consumers $5.4M appeared first on AccountsRecovery.net.

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Account Recovery

DECEMBER 2, 2020

Judge Denies MTD in FDCPA Case Over Reference to Creditor; CFPB Sues Debt Settlement Company appeared first on AccountsRecovery.net.

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Debt Recoveries

SEPTEMBER 30, 2020

I know debt collection can be an uncomfortable process, even for large businesses. These tips are designed to help you understand the options you have for debt collection, before you go down the legal path. Don’t wait to take action on a debt. The longer a debt remains unpaid the less likely you are to collect.

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Collection Industry News

JUNE 5, 2022

On May 26, 2022, the North Carolina Attorney General (NC AG) announced that it obtained a default judgment against a California-based debt settlement business, and its proprietor. Specifically, the NC AG alleged that the defendants unlawfully collected up advance ?fees Source: site. View source.]. View source.].

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Direct Recovery

JANUARY 8, 2021

With that in mind, let’s take a quick look at the three common costs associated with any type of debt settlement agreement. The most obvious cost associated with any debt settlement agreement is the amount the creditor is willing to accept in order to clear the debt off of their books. The Upfront Cost of the Deal.

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PDC Flow

FEBRUARY 29, 2024

That’s why tax refund season is one of the busiest times of the year for debt collection agencies. Lots of companies might want to establish a tax time collection campaign but don’t know how to prepare. Here are three ways to enhance your upcoming tax season debt collection efforts.

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Collection Industry News

JUNE 7, 2021

Cristian Cortez incurred credit card debt which was placed with Forster & Garbus LLP for collection. The company mailed him a number of collection notices. The company’s settlement offer wasn’t required under the Fair Debt Collection Practices ….

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Collection Industry News

APRIL 22, 2023

That plan, which would cost more than $400 billion and affect upward of 40 million borrowers, is significantly broader than the class-action settlement. The post Supreme Court allows $6 billion student loan debt settlement appeared first on Collection Industry News.

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Account Recovery

APRIL 19, 2021

The Attorney General of Minnesota has reached a settlement with a student loan debt relief company that was accused of falsely promising student loan forgiveness which will see the company repay all the money it collected from customers in the state and cease operations in Minnesota until it registers as a debt settlement service provider.

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Account Recovery

FEBRUARY 8, 2023

Having spent 14 years in the debt settlement industry, Jackson knows her way around collections. Her plan now is to become an expert in collections, just as she … The post Getting to Know Janneen Jackson of Phillips & Cohen Associates first appeared on AccountsRecovery.net.

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Collection Industry News

MAY 16, 2022

According to the complaint, the defendants, a student loan debt relief business and a general debt-settlement company, along with their owner and CEO charged illegal upfront fees and deceived customers into paying for debt relief services in violation of the Consumer Financial Protection Act (CFPA) and Telemarking Sales Rule (TSR).

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Collection Industry News

APRIL 27, 2021

On April 13, the CFPB entered into a preliminary settlement with an online debt-settlement company for allegedly violating the CFPA’s prohibition on abusive acts or practices and failing to clearly and conspicuously disclose total cost under the Telemarketing Sales Rule. Source: site.

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Account Recovery

FEBRUARY 9, 2023

Having spent 14 years in the debt settlement industry, Jackson knows her way around collections. GETTING TO KNOW JANNEEN JACKSON OF PHILLIPS & COHEN ASSOCIATES Janneen Jackson may be new to the accounts receivable management industry, but she is one of the most experienced rookies the industry has seen in a while.

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FFGN COLLECT NY

DECEMBER 11, 2023

An experienced legal professional knows that any misstep during debt collection can lead to serious legal repercussions. To collect debt for a client, New York attorneys must understand and implement ethical practices during debt collection. Be clear and respectful.

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Taurus Collect

JUNE 12, 2023

Thus, debt collection agencies are commonly utilised to ensure that funds due back to businesses don’t go unpaid. But how often do debt collection agencies take their clients’ customers to court? But did you know that these agencies often try to resolve your debt before resorting to legal action?

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Taurus Collect

DECEMBER 30, 2022

Ultimately, they can also hire a debt collection agency to pursue the money you owe to them. Read on to understand how to respond when your debt is sent to collections. You may panic upon learning that there is a debt collection agency after you to retrieve the amount you owe to your creditors.

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Titan Consulting

SEPTEMBER 15, 2020

Therefore, creditors of unsecured debt are often willing to accept less than the full balance owed if you are unable to pay off the balance in full. Professional debt settlement companies can help you negotiate debt for less than the full balance owed if you find the process intimidating or overwhelming.

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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? How Does the Law Protect Your Rights Regarding Credit Collections and Reporting?

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Credit Corp

FEBRUARY 9, 2024

Debt relief won’t hurt your credit alone. Debt relief and debt settlement options don’t hurt your credit score on their own. These programs aim to help reduce your debt and if that debt is revolving credit, it can reduce your credit utilization and improve your credit.

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Better Credit Blog

APRIL 1, 2022

To remove Capital One Collections from your credit report, you first need to know who currently owns the debt. In other words, has Capital One sold your unpaid credit card debt to another collection agency, or is the debt still with Capital One? Steps To Remove Capital One Collections From Your Credit Report.

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Better Credit Blog

FEBRUARY 17, 2021

Fidelity National Collections is a medical debt collection company that works on behalf of healthcare providers to recover unpaid balances. Apart from their calls and letters, Fidelity Collections can have a detrimental effect on your credit score. About Fidelity National Collections. Ask Lex Law for Help.

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Qualco

JANUARY 26, 2024

Greece: Out of Court Workout process Legal Provisions in Greece such as the " Katseli Law" aim to protect debtors' primary residences from foreclosure and eviction due to over-indebtedness , by provid ing avenues for debt relief while allowing debtors to keep their homes. CLICK TO LEARN MORE

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Qualco

JANUARY 26, 2024

Greece: Out of Court Workout process Legal Provisions in Greece such as the " Katseli Law" aim to protect debtors' primary residences from foreclosure and eviction due to over-indebtedness , by provid ing avenues for debt relief while allowing debtors to keep their homes. CLICK TO LEARN MORE

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Debt Guru

AUGUST 30, 2021

When your voicemail is filled with messages from collection agencies and stacks of bills arrive in your mailbox that you have no chance of paying, it’s time for some serious debt relief help. You must speak to a bankruptcy attorney to find out whether or not you qualify for this type of debt relief. Debt Settlement.

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Collection Industry News

DECEMBER 1, 2022

Collections agencies buy your unpaid credit card debt from your card issuer when your balance lingers too long — but that doesn’t mean it goes away. When a collections representative from your credit card issuer calls you, it’s usually because you haven’t made at least the minimum payment for at least 30 days.

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Debt RR

APRIL 5, 2022

Commercial debt can accrue to a considerable sum, and if you are in such a situation, you are liable to pay off all the debts. Failure to pay them off promptly, or even paying the amount due when the time comes, could result in a civil lawsuit for commercial debt collection.

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Credit Corp

AUGUST 24, 2021

This is to help ensure that all outstanding items are being looked at and help the counselor understand if you’re dealing with collections. This might include options such as budgeting, debt settlement, consolidation loans, or debt management programs. Debt settlement.

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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. Debt Settlement Services.

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Debt Free Colorado

NOVEMBER 13, 2017

Offers for debt settlement and debt repayment plans often sound too-good-to-be-true. government agency that makes sure banks, lenders, and other financial companies treat you fairly”, Freedom Debt Relief’s offers actually were too-good-to-be-true. settlement providers, by contacting your creditors directly.

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Credit Corp

JULY 9, 2021

There are situations in which settlement will affect your score less than the available alternatives. How does debt settlement affect your credit? For what amount of time will the history of a settlement decision follow you? How Debt Settlement Works. Debt Settlement: Pros and Cons.

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Troutman Sanders

NOVEMBER 1, 2021

28, 2021) , plaintiff Roberta Bordeaux, on behalf of herself and a class of similarly situated persons, asserted that defendant debt collector LTD Financial Services LP (LTD) violated the Fair Debt Collection Practices Act (FDCPA) by sending collection letters, referencing potential tax reporting consequences of accepting a debt settlement.

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Better Credit Blog

APRIL 4, 2022

Regardless of what a debt collector might tell you, you have a lot of rights when it comes to how debt can be collected. In fact, merely mentioning that you understand your rights will, many times, stop debt collectors in their tracks. Your rights come from the Fair Debt Collection Practices Act (FDCPA).

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Consumer Financial Services Law

JANUARY 11, 2017

A New York District Court recently addressed the issue of whether the FDCPA requires passive debt buyers to personally register disputes or whether they can delegate that obligation to their third party debt collector/servicer. Passive debt buyers purchase debt but retain third parties to service and collect the debt.

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Credit Corp

APRIL 2, 2024

Repairing your credit often requires more than responsible credit management—you also may need to have inaccurate negative items removed from your credit report, such as missed payments, debt collections, repossessions and more. Negotiate Debt Settlements With your permission, your attorney can also speak to lenders on your behalf.

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Sawin & Shea

NOVEMBER 8, 2023

Collection Agency Involvemen t: After being 90 days delinquent on a credit card payment, the company might send you to their collections department. This means you will be contacted (usually A LOT) by their debt collectors to arrange payment. This results those late payments being reported on your credit report.

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Sawin & Shea

AUGUST 24, 2020

Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt. Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits.

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Qualco

NOVEMBER 7, 2023

To identify the best solution for Non-Performing Loans (NPLs) , stakeholders such as lenders, servicers, and debt collection agencies need to deploy all available tools, starting a thorough appraisal of the NPL portfolio via a dedicated Workout Unit. A significant factor to consider is regulatory compliance.

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