article thumbnail

$225,000 Punitive Damages Award Upheld Where Creditor Repeatedly Contacted Customer After Being Notified of Attorney Representation

Troutman Sanders

Ultimately, the plaintiff filed for chapter 7 bankruptcy protection, listed the defendant as an unsecured creditor, and obtained a discharge of her debt. After receiving notice of representation, the defendant sent five billing notifications to the plaintiff and made six telephone calls attempting to collect on the $5 monthly payment.

article thumbnail

Documents Required to File a Consumer Credit Debt Collection Case

FFGN COLLECT NY

Legislative changes affecting consumer collections for consumer credit transactions recovery went into effect in 2022 largely as a result of the Consumer Credit Fairness Act (CCFA). As a result, the law specifies documents required to file a consumer debt collection case in New York.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Documents Required to File a Consumer Debt Collection Case

FFGN COLLECT NY

Legislative changes affecting consumer collections for tuition recovery went into effect in 2022 largely as a result of the Consumer Credit Fairness Act (CCFA). As a result, the law specifies documents required to file a consumer debt collection case in New York. Instead, you can list them as zero balance.

article thumbnail

What is the Difference Between the FDCPA and the FCCPA?

Jimerson Firm

Businesses throughout Florida should be aware of consumer statutes that provide remedies to consumers and impose liability to businesses, even for small technical violations. Florida Consumer Collection Practices Act (FCCPA). Florida’s Consumer Collection Practices Act (FCCPA) Part 1: Understanding the FCCPA.

article thumbnail

Who Should Use Commercial Debt (B2B) Collections?

Credit Management Company

Agencies work on a contingency basis - they only get paid when the debt has been collected. However, a commercial collection agency is unlike a consumer collection agency. B2B Collection FDCPA and Regulations. You might be wondering which restrictions apply to commercial collection firms and agents.

article thumbnail

Debt collection ensures proper access to consumer credit

American Profit Recovery

Some restrictions can reduce credit to consumers. Collection laws and regulations are in place for a reason. They are there to protect the consumer. There have been laws that have been proposed over time that can severely restrict the way a creditor or a third party can conduct collection activity.

article thumbnail

4 consumer myths about debt collections DEBUNKED

American Profit Recovery

One of the more successful ways in which a consumer can work with a collection agency is to create a schedule of payments that allow that consumer to manage that debt much more efficiently. Payment plans allow the consumer to get on with their lives and even continue to do business with the creditor that has not been paid.