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What Is a Debt Collector and Why Are They Contacting Me?

Taurus Collect

A debt collector might sound like a character from a Charles Dickens novel, but if you’ve been contacted by one, you know they’re very much a reality of modern financial life. So, what exactly is a debt collector? What Is a Debt Collector? Why Are They Contacting Me?

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FTC Cracks Down On Corrupt Debt Collectors

Collection Industry News

Illegal activities included harassing phone calls, bogus threats of arrest or lawsuit, and violations of other provisions of the Fair Debt Collection Practices Act. In many cases, consumers didn’t even owe the debts. The collectors threatened them with legal action unless they made an immediate credit or debit card payment.

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Debt Collection Statute of Limitation in California

Direct Recovery

Managing your debt and confronting various debt collectors can be intimidating, but it becomes much simpler when you understand the rules everyone must follow. One of the most important things to know about any debt is that there comes a time when it is too old for anyone to harass you about it.

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How Often Do Debt Collection Agencies Take You To Court? 5 Things to Know

Taurus Collect

But how often do debt collection agencies take their clients’ customers to court? From understanding the role of a debt collector and when they legally can file suit against slow-paying customers, these are essential facts for all business owners who wish to get paid while keeping customer relationships intact.

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A phantom debt collection scam duped consumers out of more than $1 million. Here are 5 ways you can avoid falling victim

Collection Industry News

If you’re contacted by a credit collection agency, regardless of whether or not it sounds legitimate, you should request a debt validation letter, McClary said. The letter will require the debt collector to prove they’re legally collecting the balances owed, he said. “If Keep good records of past debts.

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How To Remove ACS Inc From Your Credit Report

Better Credit Blog

ACS Inc is a collection agency that works with lenders and creditors to recover payments on defaulted loans or unpaid bills. In order to legally collect on your debt, they must first open a collection entry on your credit report. Keep reading for our full guide on how to accomplish this.