Troutman Sanders

JANUARY 29, 2024

She listed 45 unsecured creditors in her schedules of assets and liabilities, including the $7,400 credit card debt at issue. However, testimony later showed that the entity listed as holding the debt, Direct Merchants Bank, was not the actual creditor but rather a registered trademark owned by Metris Companies.

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Troutman Sanders

FEBRUARY 3, 2023

The court held that the plaintiff could not establish a concrete injury and granted the defendants’ motion for summary judgment. As background, the plaintiff filed suit after receiving a collection letter from SAS, stating the total due on her debt was $2,017.83 Under New York law, post-judgment interest accrues at 9%.

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Judgment Credit Card Debt Loans Debtor 52

Troutman Sanders

APRIL 14, 2021

The Second Circuit Court of Appeals recently upheld a ruling that reporting a judgment as “satisfied” was accurate under the Fair Credit Reporting Act (FCRA) when the underlying lawsuit was dismissed by stipulation as “settled” without the prior judgment being vacated.

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Judgment Credit Card Debt Garnishment Collections 52

Troutman Sanders

AUGUST 29, 2023

Palisades Acquisition XVI, LLC , the plaintiff incurred a credit card debt, which was later assigned to a new creditor. In 2007, the new creditor commenced an action to recover the debt and obtained a default judgment against the plaintiff. The default judgment was later assigned to Palisades Acquisition.

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Sawin & Shea

JULY 28, 2021

Credit card debts: Although credit card debt dropped in 2020 (possibly because of Covid and the fact that people were staying at home), the average household credit card debt is $ 5,315. Civil court judgments (not counting anything that was based on fraud). We are here to help.

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Credit Corp

MAY 1, 2024

Credit card debt forgiveness, also known as debt settlement, involves negotiating with creditors to reduce the amount owed on your credit card balances. trillion in credit card debt. What Is Debt Forgiveness? What Is Debt Forgiveness?

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Roths Child Law

MARCH 15, 2023

They may have too much debt to manage Working up a new budget is an important move after losing one's primary stream of income. They can temporarily delay foreclosure and repossession with an automatic stay and prevent creditor lawsuits from leading to a judgment that might result in wage garnishment later.

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Roths Child Law

JANUARY 31, 2023

If you are seeking to discharge unsecured debts like medical debts, credit card debts and unsecured loans, then you need to file for Chapter 7 bankruptcy. However, if you are dealing with secured debts like a mortgage or a car loan, then you need to file Chapter for 13 bankruptcy.

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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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FFGN COLLECT NY

JANUARY 29, 2023

Increases in food prices, housing costs, utilities, record-level credit card debt, and layoffs, signal the defaulted payments to come. The borrower’s default and high level of debt preclude them from borrowing more money. The longer it takes to obtain a judgment, the less likely you are to collect.

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Public Citizen

OCTOBER 29, 2020

Once the pandemic recedes, families struggling to get back on their feet are likely to face a wave of debt collector lawsuits for medical bills, back rent, credit card debt, the balance due on repossessed cars, and even utility bills. Weak exemption laws also exacerbate the racial wealth gap.

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Sawin & Shea

MAY 5, 2021

It is difficult to know exactly how many because often people will use credit cards to pay off medical or other bills when they are struggling with debt, and so the reason on a survey may be “credit card debt” even though the situation began as medical debt. We are here to help.

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Credit Corp

MAY 19, 2021

Overwhelmed with debt? Whether it’s unpaid credit card debt or medical bills, you might feel like you have nowhere to turn. If you’re seriously considering uprooting your life just to avoid debt, you probably have a few questions. Can Debt Collectors Follow You to Another Country?

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Collection Industry News

JUNE 1, 2023

Rising Consumer Debt Levels: Consumer debt levels have been on the rise globally, driven by factors such as increased access to credit, changing consumer behaviors, and economic factors. This trend presents significant growth opportunities for debt collection agencies.

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Consumer Finance Watch

DECEMBER 12, 2019

In 2009, respondent Klemm & Associates (“Klemm”) sued petitioner Kevin Rotkiske (“Rotkiske”) in state court to enforce a credit card debt, which was allegedly beyond Pennsylvania’s statute of limitations for enforcement (“2009 Action”). Summary of Facts. An unknown individual accepted service on behalf of Rotkiske.

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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. That new judgment would have its own seven-year reporting period.

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Sawin & Shea

AUGUST 30, 2023

Unscheduled debts: These are debts you neglected to list when you filed for bankruptcy. Which Debts Can be Discharged in Bankruptcy? Credit card debts: Keep in mind the fact that you cannot buy more than $1,150 of luxury goods within 60 days of filing for bankruptcy. Most federal student loans. Court fines.

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FFGN COLLECT NY

DECEMBER 12, 2023

The attorney or debt collector must explicitly identify the debt collection activities allowed by the Fair Debt Collection Practices Act. In addition, the attorney must provide a list of income types protected from collection should the court grant the debt collector a judgment on the case.

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Collection Industry News

FEBRUARY 21, 2022

In the case, the defendant was retained to collect plaintiff’s credit card debt. Defendant moved for a judgment on the pleadings. In doing so, it rejected defendant’s argument that only a demand for payment could be a communication “in connection with the collection of any debt.” See Khimmat v. LPA , 2022 U.S.

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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. Debt collectors may also report delinquent accounts to credit bureaus, which can negatively impact your credit score.

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Albuquerque Law

MAY 5, 2020

This is partly what causes military families to hold more debt than civilian families , with roughly 27% of military service members holding nearly $10,000 in credit card debt. Meanwhile, only 16% of civilians hold that much debt.

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Burr Forman

JANUARY 29, 2021

This forms the basis of recent claims under the Fair Credit Reporting Act (“FCRA”) brought by plaintiffs who claim that this standard method of reporting is inaccurate because the Payment Rating code suggests that the account is still past due even though it is closed. How are district courts handling this type of claim?

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Consumer Financial Services Law

OCTOBER 3, 2019

Kevin Rotkiske accumulated credit card debt between 2003 and 2005, which was then referred to Klemm & Associates for collection. Klemm obtained a default judgment for around $1,500.00. Rotkiske did not discover the judgment until 2014 when he applied for a mortgage.

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Sawin & Shea

JANUARY 18, 2023

The debts that you’ll be able to discharge with Chapter 7 bankruptcy include: Medical debts Credit card debts Majority of auto accident claims Personal loans Business debts Past-due rent debts Past-due utility debts Majority of attorney fees Majority of civil court judgments Old tax penalties and some unpaid taxes Repossession deficiency charges Collection (..)

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Credit Corp

JUNE 8, 2023

This is where they come into play—things like making loan and credit card payments on time each month and maintaining a good debt usage or a credit utilization rate—the amount of debt, including credit card debt, you have in relation to your overall credit limit—can help you reach the credit score you’re after.

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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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Roths Child Law

JULY 26, 2020

In Chapter 7, several different types of debts are eligible for discharge. This includes personal loans, credit card debts, judgments from a lawsuit, medical bills, lease contracts and other types of unsecured debts.

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Collection Industry News

JULY 27, 2021

Court of Appeals for the Seventh Circuit recently affirmed judgments entered in separate cases consolidated on appeal in favor of several credit reporting agencies rejecting consumers’ claims of violations of the federal Fair Credit Reporting Act (FCRA). Source: site. 1681, et seq., 1681, et seq., See Brill v.

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Debt Free Colorado

FEBRUARY 21, 2022

It is prohibited for debt collectors to utilize unfair techniques, harass, or deceive consumers while seeking to collect consumer debts under the federal Fair Debt Collection Practices Act (FDCPA). The Fair Debt Collection Practices Act (FDCPA) applies to collection firms and debt collectors attempting to recover consumer debts.

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Sawin & Shea

AUGUST 4, 2021

Because a short sale is such a complicated process, you are advised to work with a bankruptcy attorney who understands the complexities of cases like this and who can protect you against a deficiency judgment or other liabilities that may pertain after the sale. What if you file for Chapter 7 bankruptcy? We are here to help.

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Collection Industry News

JULY 19, 2021

Attorneys for the borrowers and credit agencies did not immediately reply to requests for comment on Friday. The six cases involved borrowers who disputed the ownership of their credit card debts in lawsuits against the big three consumer credit reporting agencies.

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Sawin & Shea

SEPTEMBER 28, 2022

We recommend you mention your bankruptcy yourself, rather than waiting until you are asked about it after a credit check. Student loans, crushing medical debts, credit card debts – none of these lessen your worth as an individual or as an employee. Yes, if the company runs a credit report.

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Credit Corp

AUGUST 31, 2021

But they also know that most borrowers who are sued for old debts won’t show up in court, and the judge will issue a default judgment. If your debt is past the statute of limitations at this point, you can re-open the default judgment and ask the judge to vacate it because it is time-barred.

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Better Credit Blog

FEBRUARY 4, 2021

DFS primarily collects on healthcare debt, as well as: Commercial debt. Credit card debt. Utility debt. If you are overwhelmed by dealing with negative entries on your credit report, we suggest you ask a professional credit repair company for help. Phoenix, Arizona 85053. Ask Lex Law for Help.

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Troutman Sanders

MAY 9, 2023

On May 1, the Federal Trade Commission (FTC) announced a permanent ban from debt relief telemarketing for operators of debt relief scam. The FTC charged the defendants with taking tens of millions of dollars from people by falsely promising to eliminate or substantially reduce their credit card debt.

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Debt Free Colorado

DECEMBER 9, 2021

Without having to repay it later, you may immediately begin rebuilding your credit. . If you have a large amount of credit card debt or high medical costs that you can’t pay, Chapter 7 may allow you to start again. Chapter 7 is a disaster when it comes to secured debt. . medical debt .

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Collection Industry News

SEPTEMBER 23, 2020

Default Judgments in Debt Collection Cases. 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.

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