Judge Grants MTD in FDCPA Case Over References to Attorney Review in Letter
Account Recovery
SEPTEMBER 29, 2022
Case: … The post Judge Grants MTD in FDCPA Case Over References to Attorney Review in Letter appeared first on AccountsRecovery.net.
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How Do I Send Debt to Collections?
Nexa Collect
AUGUST 6, 2020
While it’s smart to initially attempt collection on your own, there’s only so much work you should do. Trying to collect a bad debt is draining on your time and your resources. Eventually, it makes sense to pass the task on to a professional debt collection company. Need a Collection Agency easy to work with?
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How Often Do Debt Collection Agencies Take You To Court? 5 Things to Know
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?
A phantom debt collection scam duped consumers out of more than $1 million. Here are 5 ways you can avoid falling victim
Collection Industry News
DECEMBER 4, 2022
The phantom debt collection scheme — which used names including GAFS Group, Global Mediation Group and Mediation Services — pressured consumers to pay the false debts by threatening to take legal action against them. Request a debt validation letter. Negotiate existing debts. Know your rights.
CFPB Issues $4M in Penalties and Permanent Bans Against Predatory Collection Ring
True Accord
MAY 26, 2022
On May 23, 2022, the Consumer Financial Protection Bureau (CFPB), in partnership with the New York Attorney General, filed a proposed judgment against a debt collection enterprise with a history of deception and harassment to pay $4 million and be permanently banned from the debt collection industry.
Business Debt Collection Laws and their Connection to Commercial Debt
Debt RR
SEPTEMBER 27, 2020
The good news is that it is your right to collect on debts as long as you follow the right legal procedures. If you operate a B2B model, you are required to follow business debt collection laws. What are Business Debt Collection Laws? The business debt collection laws protect them.
Recommendations for Debt Collectors Working from Home
Nexa Collect
JUNE 24, 2023
You should discuss these points with the compliance superior of your collection agency. Since collection agencies fall under GLBA laws, they are subjected to the same strict laws as large financial institutions like banks. In the United States, for example, debt collectors must adhere to the Fair Debt Collection Practices Act (FDCPA).
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