Credit Corp

NOVEMBER 9, 2020

Can a collection agency report to a credit bureau without notifying you? The law: Collectors can’t threaten a lawsuit, criminal prosecution, wage garnishment, jail time, or a poor credit rating unless they have the legal authority to do so and intend to do so. government or any state. The Law Protects You.

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Collections Agency Collection Agencies Credit Bureau Collections 105

Sawin & Shea

JUNE 9, 2021

The FTC (Federal Trade Commission) is an arm of the United States government that enforces consumer protection and antitrust laws. 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.

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Debt collector Collections Agency Collection Agencies Bankruptcy 94

Sawin & Shea

JULY 20, 2022

Specifically, debt collectors may not: Provide the erroneous impression that they are a lawyer or a representative of the government. Convey a misleading sense of affiliation with or ownership of a credit bureau. Since debtors usually do not show up to court, these cases usually result in wage garnishment. Unfairness.

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Debt collector Collections Agency Collection Agencies Bankruptcy 78

Better Credit Blog

APRIL 1, 2022

If you’re unable to pay your original creditor, your debt may pass to a debt recovery agency, earning a collection letter and possibly a stain on your credit report. Credit Collection Services, known as CCS for short, is one of the largest debt collection agencies in the United States, based in Massachusetts.

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Troutman Sanders

AUGUST 3, 2020

The bill defines “extraordinary” collection actions as selling debt to a third party, reporting the debt to a credit bureau, denying medical care, placing a lien on a property, foreclosing on a property, seizing property or funds from a bank account, commencing a civil action, and garnishing an individual’s wages. As part of S.

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Collection Industry News

SEPTEMBER 8, 2020

These are examples of false statements: a) Implying that they are attorneys or government representatives when they are not. c) Falsely representing that they work for a credit bureau. These are examples of false statements: a) Implying that they are attorneys or government representatives when they are not.

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