Sawin & Shea

MARCH 23, 2021

Is a car repossession looming in your future? Car repossession is one of the many reasons people contact the Indiana bankruptcy attorneys here at Sawin & Shea. Here’s some good news: You don’t have to just give up and allow your car to be repossessed. Are you behind on car payments? Now’s the time to act.

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Account Recovery

DECEMBER 19, 2023

Suit Accuses Collector of Attempting to Collect Incorrect Amount Calif.

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Indiana Consumer Law Group

MARCH 24, 2022

The lawsuit alleges that Financial Center First Credit Union repossessed our client’s car. The lawsuit therefore contends that the letter is misleading and unfair because it falsely states that a consumer or someone associated with them could purchase the repossessed car at auction when that was not the case. Continue reading.

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Jimerson Firm

NOVEMBER 16, 2020

The quickest and cheapest way for a secured creditor to take possession of the collateral is by self-help repossession. In Florida, a secured creditor may use self-help repossession without going to court, provided it does not “breach the peace.” § 679.609(2)(b), Fla. Debtor’s Consent to the Entry and Repossession.

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Roths Child Law

MAY 11, 2021

When you fall behind on payments, the lender who financed the purchase might decide to repossess the vehicle. How does repossession work? Repossession usually starts with the lender warning and then formally notifying the vehicle owner about arrears on their payments.

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Roths Child Law

MAY 11, 2021

When you fall behind on payments, the lender who financed the purchase might decide to repossess the vehicle. How does repossession work? Repossession usually starts with the lender warning and then formally notifying the vehicle owner about arrears on their payments.

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Optio Solutions

JUNE 8, 2023

While a car can be repossessed in the case of non-payment, utilities can’t be reclaimed. That makes utilities debt collection difficult as the only real incentive for paying is disruption of service. And, since many utilities are considered essential… The post Successful Utilities Debt Collection appeared first on Optio.

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Troutman Sanders

FEBRUARY 29, 2024

Comments on the Consumer Financial Protection Bureau’s (CFPB or Bureau) proposal to collect data from auto finance businesses that acquire or originate as few as 500 financing transactions a year are due by March 25, 2024.

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Consumer Finance

OCTOBER 12, 2020

The Consumer Financial Protection Bureau issued a consent order against Nissan Motor Acceptance Corporation, which services auto loans and leases originated by Nissan and Infiniti dealerships nationwide.

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Indiana Consumer Law Group

JANUARY 12, 2017

over a repossession that allegedly did not comply with Indiana law. Specifically, the repo agent is alleged to have breached the peace in repossessing the plaintiff’s vehicle. Indiana law, like most states’, permits a lienholder to repossess a car when the owner defaults on the note. hooked up to) the vehicle.

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Troutman Sanders

NOVEMBER 18, 2022

The CFPB explained its main reasoning behind the proposed new data collection as follows: “Financial markets and policymakers have long had access to granular mortgage data that has provided insight into patterns in lending and risk. The CFPB will be accepting comments on its proposal until December 19.

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Troutman Sanders

FEBRUARY 24, 2023

According to the CFPB, the nine targeted lenders represent a cross-section of the auto finance market and the data collected in response to these orders will help the CFPB build a data set that provides them with insight into lending channels and loan performance. 5511(c)(3) and not as a supervisory order or civil investigative demand.

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Debt Recoveries

MAY 29, 2020

One of the services businesses are able to use to help maintain or improve their cashflow is a debt collection agency. To assist in ensuring quality and integrity within the debt collection industry, the Institute of Mercantile Agents was formed. Partnering with the right collection agency can do wonders for your cash flow.

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Collection Industry News

FEBRUARY 21, 2022

million to Massachusetts to resolve allegations that it did not provide proper explanations about its auto loan debt collection practices to consumers, the state attorney general’s office said Friday. The information is important for consumers trying to determine how to best respond to a lender’s collection efforts, the office said.

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Micro Bilt

JANUARY 9, 2024

Debt collection tactics are becoming more high tech - some even have the ability to remotely repossess items bought on credit. These resources help professionals contact debtors and better communicate with them to get back the money owed.

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UK debt collections

FEBRUARY 10, 2023

Repossessions by landlords hit 5,409 between 1 October and 31 December last year, which was almost double the number in the same period in 2021, according to new Ministry of Justice figures for England and Wales. Social landlord repossessions were highest in Preston, Lancashire, with 146 per 100,000 households.

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UK debt collections

FEBRUARY 11, 2024

Meanwhile, the number of repossessions remains very low. Repossession is only ever a last resort and after other options have been explored. Across BTL and homeowner mortgaged properties, a total of 1,040 were repossessed in Q4 2023. This compares with nearly 2,000 in Q4 2019 before the pandemic.

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Nerd Wallet

JULY 9, 2021

The automatic stay temporarily halts most judgments, collection activities, foreclosures and repossessions of the consumer’s property, which is known as the bankruptcy estate. The moment a consumer files for bankruptcy, such as Chapter 7 or Chapter 13, an automatic stay typically takes effect immediately. What the automatic stay.

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Troutman Sanders

JULY 27, 2023

The findings included in the report cover examinations in the areas of auto origination, auto servicing, consumer reporting, debt collection, deposits, fair lending, information technology, mortgage origination, mortgage servicing, payday and small dollar lending, and remittances.

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Sawin & Shea

DECEMBER 21, 2023

This stay halts most collection activities and legal actions against the filer. At the moment of filing, creditors receive legal notice to halt collection activities. The duration of the automatic stay depends on the type of bankruptcy and whether collection is against the debtor or the debtor’s property.

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Roths Child Law

SEPTEMBER 21, 2023

Understanding the automatic stay's role in bankruptcy The automatic stay is a temporary order that halts actions by creditors to collect debts from the person who has declared bankruptcy. It prevents any form of harassment, foreclosure and nearly all other collection actions.

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Sawin & Shea

FEBRUARY 16, 2022

An automatic stay is an injunction prohibiting creditors from collecting debts. If you’re in an emergency situation such as wage garnishment, eviction, or pending repossession filing an emergency bankruptcy may be right for you. Those filing an emergency bankruptcy receive an automatic stay even before completing certain documents.

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Fico Collections

JULY 12, 2021

So how should debt collection operate during the COVID-19 recovery? Lenders may opt to enhance their customer assistance and collections capabilities. Digital-First Collections. The Value of Optimization in Collections. Here are some signs to watch for, and some recommendations on how to work with borrowers.

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Better Credit Blog

FEBRUARY 15, 2021

Are collections accounts weighing heavily on your credit report? If you’ve fallen behind on any of your accounts, you could find Fairway Collections on your credit report. As long as the collections entry stays on your report, it’s hurting your score. About Fairway Collections. Self-pay collections.

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UK debt collections

AUGUST 3, 2023

The message, signed by The VanMoof team, acknowledges the uncertain times for its customers and states that they are currently working on finding the best way forward for e-bikes locked in its Battersea store, which was repossessed by the landlord last week, reports Sifted. The situation has caused chaos for consumers.

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Credit Corp

APRIL 26, 2024

The IRS notes that cancellation can occur when the creditor gives up on collecting because it’s exhausted its resources and is unable to collect. A property is foreclosed or repossessed. Decision or policy to discontinue collection H. Can a Creditor Still Collect After Issuing a 1099-C? Your mortgage is modified.

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Better Credit Blog

FEBRUARY 15, 2021

If you’ve received calls or letters from FCO Collections or noticed the name on your credit report, you probably have questions. Collections agencies like FCO may show up on your report when you forget to pay a bill or fall behind on your payments. About FCO Collections. Fair Collections & Outsourcing Inc.

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Credit Corp

JUNE 14, 2023

Car Repossession It’s important to realize that an auto loan is a type of secured loan. This process is referred to as repossession. Laws regarding car repossessions vary from state to state. Laws regarding car repossessions vary from state to state. How Late on Your Car Payments Can You Be Before the Car Is Repossessed?

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Sawin & Shea

MARCH 13, 2024

All of the original terms of the loan are back in force, including the creditor’s right to repossess the collateral if you get behind on payments in the future. We can help people re-organize secured debt in various ways to help people stop repossessions or foreclosure and get back on track with payments to keep those items.

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Better Credit Blog

FEBRUARY 2, 2021

Is BGE Collections lowering your credit score? BGE Collections is a debt collection agency. If you fell behind on power payments from Baltimore Gas and Electric Company, their collections department could contact you. Read on for our guide to getting BGE Collections out of your life and off your credit report.

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Better Credit Blog

MARCH 1, 2021

If your credit report is displaying a collections account for Bank of America, it’s probably because you missed a payment somewhere down the line. How you should respond to a collections entry from Bank of American depends on several factors. How Does Bank of America’s Debt Collection Work? Hunt and Henrique’s. or after 9 p.m.

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Better Credit Blog

MARCH 1, 2021

If your credit report is displaying a collections account for Bank of America, it’s probably because you missed a payment somewhere down the line. How you should respond to a collections entry from Bank of American depends on several factors. How Does Bank of America’s Debt Collection Work? Hunt and Henrique’s. or after 9 p.m.

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Sawin & Shea

OCTOBER 26, 2022

If you fail to repay an unsecured personal loan, the lender cannot repossess your assets. Repossession deficiency claims. Unlike unsecured personal loans, secured loans involve some form of collateral that the lender can repossess if the borrower fails to make payments. Unsecured loans are loans that don’t have collateral.

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Better Credit Blog

FEBRUARY 12, 2021

Did you know the unpaid tolls can go to collections just like any other type of debt? As long as EZ Pass Collections is on your credit report, it can lower your score and hold you back from getting the financing you need. Instead, you should use one of the strategies below to ensure that EZ Pass Collections gets removed ASAP.

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Better Credit Blog

FEBRUARY 24, 2021

Whether you came across First National Collection Bureau while checking your credit or received a phone call or letter from the agency, you need to respond quickly. As long as a collections account is on your report, it hurts your credit, not to mention adding stress to your daily life. What Is First National Collection Bureau?

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Better Credit Blog

OCTOBER 2, 2020

Is AWA Collections flooding your phone and mailbox, claiming that you owe them money? Or were you alerted to a new entry from the collections agency on your credit report? What Is AWA Collections? AWA Collections isn’t a well-known name, but it is a legitimate one. Steps to Remove AWA Collections from Your Credit Report.

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Better Credit Blog

FEBRUARY 18, 2021

When your debt goes into collections, it’s important to straighten things out quickly. If BYL Collections has been contacting you, the information below can help you move forward. How Does BYL Collection Services Work? BYL Collections isn’t a household name, but it collects for several businesses across multiple industries.

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