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? Contact Us.

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Account Recovery

MAY 10, 2023

operations while also indicating that the company is going to be expanding its legal collection channel. The new chief executive of PRA Group highlighted several cost-cutting initiatives during his first earnings call with analysts this week, mentioning “near-term challenges” in the company’s U.S.

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Legal Collections Collections 130

Account Recovery

OCTOBER 23, 2020

The Donald Kramer award is given each year to “someone whose efforts have made a substantial and lasting impact for the benefit of the credit and legal collection community.” AUSTIN, TEXAS, USA, October 23, 2020 — Brit Suttell has been awarded the National Creditor’s Bar Association’s Donald Kramer Award.

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Legal Collections Collections 246

Direct Recovery

JANUARY 27, 2023

A statute of limitation is a legal term that defines the specific length of time before a debt is considered “time-barred” and is no longer legally collectible by either the original creditor or a collection agent. The post Debt Collection Statute of Limitation in California appeared first on Direct Recovery.

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PDC Flow

JANUARY 24, 2023

Like other Accounts Receivable professionals, Franklin found his career by accident when he accepted a collection job after college in 2005. He has a wide range of experience, including consumer, commercial, international and legal collections. At Cedar, many different departments work together to keep things running.

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Re:Ceeve

JULY 21, 2020

“Software is capable of delivering extensive gains before you need to even consider debt collection agents!”. Debt collection isn’t a media darling, and you rightfully may know very little about it. Regardless of what experience you may have had with debt collection, you probably know even less about the players in this segment.

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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.

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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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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. “If The letter will require the debt collector to prove they’re legally collecting the balances owed, he said. “If

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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. The short answer to this is yes.

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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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BN Lawyers

OCTOBER 23, 2020

Brit Suttell wins the National Creditors Bar Association Donald Kramer Award for efforts on behalf of Credit and Legal Collections Industry. The Donald Kramer award is given each year to “someone whose efforts have made a substantial and lasting impact for the benefit of the credit and legal collection community.”.

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Taurus Collect

FEBRUARY 1, 2024

Simply put, it’s an individual or a debt collection agency in the UK employed by a creditor to retrieve funds that are overdue. Let’s take a closer look at the role of debt collection agencies and what your rights are when interacting with them. So, what exactly is a debt collector? What Is a Debt Collector?

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Debt collector Debtor Collection Agencies Collections Agency 52

Public Citizen

AUGUST 22, 2021

Legitimate interest analysis requires an organization formally assess whether data collection and use ultimately result in greater benefit to individuals than the organization with input from actual consumers.

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Credit Corp

SEPTEMBER 29, 2020

The older the asset becomes, the less valuable it is because older debt is less likely to be collected. Can Creditors Attempt to Collect Charged Off Debt? You still owe the debt, and the company can still attempt to collect the debt. Creditors can also take legal actions to collect these debts, including judgments.

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Better Credit Blog

OCTOBER 14, 2020

Has your credit score taken a dive due to debt in collections? When a collections agency like Accelerated Financial Solutions gets access to your debt, it can drop your score and make your day-to-day life more stressful. AFS collects for businesses in several industries, including the following: Commercial debt. Auto loans.

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Collection Industry News

MARCH 8, 2021

In a coordinated effort in 2015 called Operation Collection Protection, the FTC and more than 70 law enforcement partners took 115 actions against deceptive and abusive debt collection practices. In the FTC cases, the defendants made calls to collect debts they couldn’t legally collect or the victims didn’t owe.

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Collection Industry News

OCTOBER 12, 2020

Operation Corrupt Collector” includes a case filed by the CFPB and the New York Attorney General against five companies for their participation in an alleged debt collection operation in New York. The CFPB is actively working to protect consumers from illegal actions of debt collectors,” CFPB Director Kathleen L. In CFPB et al.

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Better Credit Blog

JANUARY 27, 2021

To legally collect a debt from you, they must first report the debt to the major credit bureaus. This will open a collection account on your credit report, which can cause your score to drop as much as 100 points. Collection accounts are bad news for your credit score and your loan prospects. What is BC Services?

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Collection Industry News

OCTOBER 19, 2020

The 2015 consent order required Encore and its subsidiaries, prior to filing collection litigation, to provide consumers with a disclosure that the companies would provide original account-level documentation at no cost to the consumer within 30 days of a request. The complaint alleged that the defendants failed to do both of these.

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Better Credit Blog

NOVEMBER 24, 2020

If you have had an overdue bill move to collections, you may begin hearing from a company called ACS Inc. ACS Inc is a collection agency that works with lenders and creditors to recover payments on defaulted loans or unpaid bills. In order to legally collect on your debt, they must first open a collection entry on your credit report.

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Credit Corp

FEBRUARY 21, 2021

Whether mail went missing or communication about medical debt got mixed up, it’s possible an account with your name on it is languishing somewhere in collections. And perhaps you know you owe a debt, but it’s been passed around between collection agencies so many times you’ve forgotten who currently owns the debt.

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