Better Credit Blog

APRIL 4, 2022

Regardless of what a debt collector might tell you, you have a lot of rights when it comes to how debt can be collected. In fact, merely mentioning that you understand your rights will, many times, stop debt collectors in their tracks. Your rights come from the Fair Debt Collection Practices Act (FDCPA).

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Sawin & Shea

AUGUST 24, 2020

Bankruptcy may affect your credit score (it sometimes can make your score better!), Whether or not you file for bankruptcy also depends on the kind of debt you have. Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits. How Does Debt Negotiation Work?

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Better Credit Blog

OCTOBER 16, 2020

The agency collects on various types of debts, such as: Consumer finance debt. Credit card debt. Retail debt. 3 Ways to Remove Asset Acceptance LLC from Your Credit Report. This should include information like who the original lender or creditor was, how much you owe, and your account number.

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Better Credit Blog

APRIL 1, 2022

To remove Capital One Collections from your credit report, you first need to know who currently owns the debt. In other words, has Capital One sold your unpaid credit card debt to another collection agency, or is the debt still with Capital One? Why would this kind of debt settlement work?

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Better Credit Blog

SEPTEMBER 9, 2020

If you have been contacted by Sunrise Credit Services, you are probably being pursued for an old debt. Sunrise Credit Services is a debt collector that has been hired by your old creditor to collect payment on your debt. They may also have purchased the debt to profit off your payments.

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Credit Corp

DECEMBER 14, 2020

Whether you have medical debt, credit card debt or unpaid student loans , getting calls or letters from debt collection companies can be frustrating. But it’s especially frustrating if your debt is several years old. How Long Can a Debt Collector Pursue an Old Debt?

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Credit Corp

AUGUST 31, 2021

How Long Can a Debt Collector Pursue an Old Debt? Each state has a law referred to as a statute of limitations that spells out the time period during which a creditor or collector may sue borrowers to collect debts. In most states, they run between four and six years after the last payment was made on the debt.

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Troutman Sanders

AUGUST 29, 2023

District Court for the Western District of New York granted the plaintiff’s motion for class certification for alleged violations of the Fair Debt Collections Practices Act (FDCPA) relating to an allegedly improper debt assignment notification. In McCrobie v.

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FFGN COLLECT NY

MARCH 10, 2023

Although, in some scenarios, a hybrid situation can occur, understanding the definition of consumer debt and commercial debt is key. Consumer debt refers to any debt incurred for personal, family, or household purposes such as credit card debt and medical bills.

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Sawin & Shea

SEPTEMBER 27, 2023

The money earned from these sales then goes to the creditors and any remaining balances on the debts are discharged. In some cases, debt collectors may take legal action by filing a lawsuit against you to obtain a court judgment. The Court can sell all nonexempt possessions and assets. What Are My Exempt Assets?

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FFGN COLLECT NY

DECEMBER 12, 2023

There are many ways to request debt verification, such as writing a request letter. The letter must detail the specific information you require, such as proof of agreement with the original creditor, a final account statement issued by the creditor, and a breakdown of the debt (due dates, interest rate, and principal amount).

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True Accord

MARCH 29, 2023

Let’s look at why today’s economic landscape makes omnichannel engagement critical for collections and how your business can get there. Delinquencies are Rising—And Call Centers Can’t Keep Up The first quarter of the year revealed that Americans have almost reached $1 trillion in credit card debt, breaking a record set in 2019.

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Troutman Sanders

DECEMBER 7, 2021

On December 1, the Federal Reserve Board and the CFPB announced the dollar thresholds that determine exemption of certain consumer credit and lease transactions in 2022, from Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing). On November 30, Regulation F of the Fair Debt Collection Practices Act became effective.

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Collection Industry News

MARCH 23, 2021

Court of Appeals for the Third Circuit recently held that a debt collector did not violate the federal Fair Debt Collection Practices Act (FDCPA) when it sent a consumer a collection letter inviting her to “eliminate further collection action” by calling the company, when in fact only written communication could legally stop collection activity.

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Better Credit Blog

OCTOBER 14, 2020

When you owe money to a creditor or a service provider, it could result in a collections entry on your credit report. This type of entry can bring down your credit score for as long as seven years. A collections entry can also result in tiresome phone calls and frequent letters until you make a payment.

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Collection Industry News

SEPTEMBER 23, 2020

Many consumers who are sued for outstanding debts do nothing, and that is generally a big mistake. The survey data showed that more than 70% of debt collection suits ended in default judgments. Whatever the reason, ignoring a debt collection lawsuit can mean big trouble. Negotiating a payment plan. .

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Better Credit Blog

OCTOBER 21, 2020

ARI collects on a variety of debts, like: Bankruptcy. Credit card debt. Retail debt. When you fall behind on payments, your debt could be turned over to a collections agency like ARI. Are you familiar with the Fair Debt Collection Practices Act ? Bloomington, MN 55437.

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Better Credit Blog

OCTOBER 21, 2020

ARI collects on a variety of debts, like: Bankruptcy. Credit card debt. Retail debt. When you fall behind on payments, your debt could be turned over to a collections agency like ARI. Are you familiar with the Fair Debt Collection Practices Act ? Bloomington, MN 55437.

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Credit Corp

JULY 7, 2021

Either way, you have an old debt hanging out there. That’s what Credit.com reader Dave, who says he can’t afford to pay off the old debts he owes, asks: My credit card debt is roughly $12,000. As far as Dave’s credit reports are concerned, these debts can’t be reported forever.

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Account Recovery

DECEMBER 3, 2024

A New Jersey Appeals Court has affirmed the dismissal of a Fair Debt Collection Practices Act lawsuit after the plaintiff claimed to be confused about to whom the debt was owed. The plaintiff defaulted on his payments to the institution, which subsequently referred the debt to the defendant for collection.

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