Remove Credit Management Remove Creditors Remove Debt collector Remove Government
article thumbnail

Common Myths About Using a Collection Agency

Credit Management Company

Read on to discover all you need to know about debt collection agencies. Myths About Using a Collection Agency: Paying the Original Creditor to Bypass Agencies. Many people believe they can get around dealing with debt collection agencies by paying their original creditors directly.

article thumbnail

How will Hunstein v. Preferred Collection & Mgmt. Impact The Collections Industry?

Credit Management Company

The debt collection company electronically sent the following information to its third-party vendor: The consumer’s name and address. Name of the creditor. The debt concerned his son’s medical treatment. The debt collector is petitioning for en banc review. Contact Us For Your Debt Collection Needs.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Who Should Use Commercial Debt (B2B) Collections?

Credit Management Company

Well, consumer collection strategies are closely regulated under the Fair Debt Collection Practices Act, which serves as a standard for removing abuse and shady practices in the collector’s world. However, the FDCPA does not relate to commercial debt collection. It’s common to think that debts dissipate over several years.

article thumbnail

#heretohelp campaign update

CSA

The January/February 2020 issue of Credit Management includes a feature on how the industry can encourage greater engagement with customers who are in financial difficulties, and looks at the role of the CSA?s It is important that this campaign is complemented by clear messages around seeking free debt advice ?

article thumbnail

7th Circuit Says Credit Agencies Need Not Dig Into Debt Ownership

Collection Industry News

We hold that plaintiffs’ allegations that the creditors did not own their debts are not factual inaccuracies that the consumer reporting agencies are statutorily required to guard against and reinvestigate, but primarily legal issues outside their competency,” Brennan wrote for the three-judge panel. ’”. “We 7th U.S.