Getting to Know Debbie Frank of Credit Bureau Services

Account Recovery

… The post Getting to Know Debbie Frank of Credit Bureau Services appeared first on AccountsRecovery.net. The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management.

Getting to Know Diann Jenkins of Credit Bureau of Jonesboro

Account Recovery

… The post Getting to Know Diann Jenkins of Credit Bureau of Jonesboro appeared first on AccountsRecovery.net. Getting to Know Credit Bureau of Jonesboro Diann JenkinsThe “Getting to Know” series is sponsored by Applied Innovation.

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Credit Bureau Phone Numbers Put You in Touch With Help

Nerd Wallet

The three major credit bureaus in the U.S. There are plenty of reasons why you might need to contact one of them, including disputing an item on your credit report, freezing your credit, or reporting fraud or identity theft. Credit Score Personal Finance

Daily Digest – May 5. Getting to Know Debbie Frank of Credit Bureau Services; CFPB Fines BofA $10M for Improper Garnishments

Account Recovery

GETTING TO KNOW DEBBIE FRANK OF CREDIT BUREAU SERVICES One of the great benefits of working in the accounts receivable management industry is the willingness to collaborate, the understanding that a rising tide lifts all boats.

Rep. McHenry opposes government-run credit bureau on ground that government suffers cyberattacks. Equifax, anyone?

Public Citizen

Last week, the House Financial Services Committee held a hearing on credit reporting. Among the topics addressed during the hearing was President Biden's proposal for a government-run credit bureau. Ranking member Patrick McHenry opposed a government-run credit bureau, commenting, according to the article: "Cyberattacks are also a major issue with federal databases," McHenry said. And studies often indicate that credit reports contain errors.

Can a Collection Agency Report to the Credit Bureau Without Notifying You?

Credit Corp

Can a collection agency report to a credit bureau without notifying you? In its annual report to Congress about debt collection complaints, the Consumer Financial Protection Bureau described collection complaints received by the Federal Trade Commission (FTC).

Error Leads Judge to Overturn Verdict in Favor of Defendant in FDCPA Class Action

Account Recovery

Compliance FDCPA 1692e Bassett v Credit Bureau Services District Court for the District of Nebraska Judge Joseph Bataillon Judgment as a matter of law Pre-judgment interest

Judge Awards $265k to Plaintiffs’ Attorneys in FDCPA Case

Account Recovery

Compliance FDCPA Bassett v Credit Bureau Services District Court for the District of Nebraska Judge Joseph Bataillon

41 State AGs Reach Settlement With Breached Collection Agency

Account Recovery

Attorneys general from 41 states have reached a settlement with Retrieval-Masters Credit Bureau, which operated a collection agency under the name of American Medical Collection Agency, stemming from a data breach in 2019 that exposed the personal information of more than 7 million individuals.

How Late Can You Be on a Car Payment, Mortgage or Other Bill?

Credit Corp

If you’re late on a payment or if you miss it completely, you could end up paying late fees and taking a hit on your credit score. It can be especially difficult if you want to apply for a loan or credit and are about to make a big purchase like a house or a vehicle.

How to Find All Your Debts: 4 Tips

Credit Corp

Paying off your debts is a critical part of a healthy credit profile. Get some tips to find out all your debts so you can make educated decisions about how to clean up your credit history. Check Your Credit Reports. Consider Credit Repair Services.

How to Check Your Business Credit Score

Nerd Wallet

A top-tier business credit score can unlock preferred rates on financing and business insurance, and it can also open the door to potential partnerships and trade credit arrangements. The article How to Check Your Business Credit Score originally appeared on NerdWallet.

More Than 232 Million US Consumers Can Be Scored by the FICO Score Suite

Fico Collections

Based on the 2020 US Census , the US credit-eligible population (those over 18 years of age) is 258 million people. That is 90% of the credit-eligible US population. We refer to this benchmark score as the “Credit Bureau Data Research Score.”

FICO Facts: Do FICO Scores Consider Telco and Utility Data?

Fico Collections

credit bureaus : Equifax, Experian and TransUnion. The next natural question is: how much of this data is available at the three nationwide credit bureaus? Figure 1: Credit bureau coverage is greater for some types of data than others.

Personal Loan Rates and Debt Statistics: 2021

Nerd Wallet

Personal loans accounted for $148 billion in consumer debt in the fourth quarter of 2020, a decline from the same period in 2019, according to credit bureau TransUnion.

Your Collection Agency has Shut Down? What to do Next?

Nexa Collect

Credit Bureau Reporting changes: Starting July 2022, the top 3 credit bureau agencies made it harder to report medical debts for credit reporting. Many collection agencies have shut down recently due to the following reasons.

Ninth Circuit Finds Standing in FCRA File Disclosure Case But Rejects Expansive View of Definition of “File”

Troutman Sanders

Plaintiffs Theresa Tailford, Sanford Buckles, and Jeffrey Ruderman sued a national credit bureau for FCRA violations, alleging failure to disclose certain information in the file disclosures the credit bureau provided upon request.

FICO Fact: Do FICO Scores Consider Telco and Utility Data?

Fico Collections

credit bureaus : Equifax, Experian and TransUnion. The next natural question is: how much of this data is available at the three nationwide credit bureaus? Figure 1: Credit bureau coverage is greater for some types of data than others.

A Conversation with Francis Creighton of the Consumer Data Industry Association

Troutman Sanders

Join Troutman Pepper Partner Chris Willis and his guest Francis Creighton of the Consumer Data Industry Association (CDIA) for a conversation about recent developments in credit reporting. All Entries Credit Reporting + Data Brokers Podcasts credit reporting

Judge Grants MSJ For Defendant in FDCPA Case Over Credit Karma Report

Account Recovery

Requirements for Reporting Delinquent Accounts to Credit Bureaus

BYL Collections

One of the questions most asked of BYL Collections during onboarding of new accounts is regarding credit bureau reporting. Obviously, our credit and collections clients understand how credit bureau reporting may actually prompt a call or payment from a customer. When we take on the responsibility of recovery of an account, we also plan to report the bad debt to the credit bureaus. Debt Collection Credit

An Industry Perspective: A Conversation with Eric Ellman of the Consumer Data Industry Association

Troutman Sanders

Please join Troutman Pepper Partner Dave Gettings and his guest Eric Ellman of the Consumer Data Industry Association (CDIA) for a conversation on recent industry developments in credit reporting.

Is It Harder for Seniors to Get Credit Cards?

Nerd Wallet

Whether it’s to earn rewards toward vacations or just finance everyday purchases, there’s strong demand for credit cards among older adults. According to a report from credit bureau Experian, baby boomers (those born between 1946 and 1964) carried an average of 4.8

Understanding Why You Have So Many Different Credit Scores

Titan Consulting

All three for-profit credit reporting agencies, Experian, Equifax and Transunion compile and report consumer credit and debt payment activity and sell this consumer information to lenders seeking to grant credit. You are entitled to receive one free credit report each year.

FICO Fact: How Alternative Data Enhances the Accuracy of Consumer Credit Profiles

Fico Collections

When we talk about alternative data, we focus on how it can help bring millions more people into the mainstream credit ecosystem. The inclusion of this alternative data leads to a more reliable estimate of consumer credit risk and helps score more than 26.5

FICO Fact: Does FICO’s minimum scoring criteria limit consumers’ access to credit?

Fico Collections

Does FICO’s minimum scoring criteria limit consumers’ access to credit? . Our research has consistently found that models that rely solely on sparse and/or outdated credit information are less reliable at forecasting future performance.

Top 5 Scores Topics of 2021

Fico Collections

FICO® Score At 716, Indicating Improvement In Consumer Credit Behaviors Despite Pandemic. Ethan Dornhelm wrote: The FICO® Score is the lingua franca, or common language, for the credit scoring industry. It serves as a broad-based, independent standard measure of credit risk.

FICO Fact: How Current is the Data in my FICO Score?

Fico Collections

When a FICO® Score is pulled, say, when a consumer applies for a loan or credit card, the most up-to-date information available at the credit bureaus is used to calculate the score. How frequently the data is updated depends on where it resides: Credit Bureau Data.

What’s the Most Important Credit Report Information?

Credit Corp

You probably already know that your credit report and credit score are important—but why? For a few reasons, but here’s the most important: what’s on your credit report can make or break your applications for loans, credit cards and much more.

Things Debt Collectors Are Forbidden to Do

Sawin & Shea

Approximately one third of consumers with a credit bureau file were contacted by at least one creditor or debt collector each year, according to a CFPB (Consumer Financial Protection Bureau) survey.

What Is Credit Repair and How Do You Do It?

Credit Corp

Are credit score woes keeping you down? We have good news: you don’t have to settle for a low credit score forever. Keep reading to find out how credit repair works and what you can do to help work to see your score rise in the future. What Is Credit Repair? Credit mix.

Consumer Rights in Debt Collection

Credit Management Company

Any information reported on a credit report must be provided in a timely and accurate fashion. If the consumer disagrees or spots errors within their credit report, they’re entitled to dispute the claims and request the removal of any inaccuracies from the credit bureau.

Making Medical Credit Reporting Harder is a Disaster in the Making

Nexa Collect

Anyway, back to our core topic of medical debts and credit reporting of medical bills, and here are our own thoughts on this. Reporting all unpaid bills, regardless of the balance, to credit bureaus as the final step does two main things.

18 Interesting Facts About Credit You Might Not Know

Credit Corp

Many people know that they need to have a good credit score to make some pretty big purchases. Without one, it’s hard to qualify for things like loans and credit cards. Sure, credit scores are important—but they can be pretty mysterious for a lot of consumers.

BNPL in Credit Reports: How Could This Data Impact FICO Scores?

Fico Collections

According to the research from Cornerstone Advisors , these point-of-sale short-term installment loans with low credit amounts have been increasing in popularity during recent years for retail purchases like clothing, household goods, electronics, and more.