Account Recovery

APRIL 25, 2023

COMPLAINT ACCUSES COLLECTOR OF WITHHOLDING INFO ABOUT CREDIT REPORTING CHANGES Filed in the “no good deed goes unpunished” category, a collection agency is being sued for violating the Fair Debt Collection Practices Act because a collector informed the plaintiff about a change to credit reporting guidelines, but did not provide details about a new (..)

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Fair Debt Collection Collection Agencies Collections Agency Collections 100

Credit Corp

JUNE 1, 2023

Your credit score may improve if your collection debt is reported to a new credit scoring model—FICO 9®, FICO 10®, VantageScore 3.0® Most creditors still report to old scoring models, so it’s unlikely paying off the debt will improve your credit score. In This Piece: What Is Collections Debt?

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Collections Debt collector Collection Agencies Collections Agency 127

Credit Corp

NOVEMBER 9, 2020

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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Collection Agencies Collections Agency Credit Bureau Collections 106

Troutman Sanders

FEBRUARY 28, 2022

The filing lawsuits under the Fair Debt Collection Practices Act (FDCPA), the Fair Credit Reporting Act (FCRA), and the Telephone Consumer Protection Act (TCPA) increased dramatically in the first month of 2022 when compared to the number of filings in January and December 2021, per a report released recently by Web Recon LLC.

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Fair Debt Collection Collections 98

Credit Corp

NOVEMBER 21, 2021

When you’re in debt, getting calls from debt collectors is an unwelcome but common occurrence. But can debt collectors call on holidays? Find out more about the answer to this common question, and learn what you can do to take care of your debt for good. Can Debt Collectors Call on Holidays?

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Debt collector Fair Debt Collection Creditors Collections 98

National Service Bureau

APRIL 15, 2015

Last week we wrote about 2014 CFPB complaints against debt collection agencies. Now for the top three: #3: Disclosure verification of debt. There were 5,452 improper disclosures reported in 2014. Of these, 1,346 related to credit card collections and 1,057 had to do with healthcare collections.

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Collection Agencies Collections Agency Collections Credit Card Collections 40

Troutman Sanders

MARCH 8, 2021

Representative Madeleine Dean reintroduced the Fair Debt Collection Practices for Servicemembers Act. On March 1, the CFPB issued a report warning of widespread evictions and foreclosures once federal, state, and local pandemic protections come to an end. For more information, click here. On March 5, U.S.

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Financial services Retail Foreclosure Financial Institution 52