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Can a Debt Collection Law Firm Act as a Debt Collection Agency?

FFGN COLLECT NY

When a debtor owes a creditor money and the creditor is seeking assistance collecting the amount owed, the creditor can either use a collection law firm or a collection agency. Should the debtor refuse to pay and it becomes time to file suit, the collection agency will have to engage a third-party law firm to file suit.

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New York Enacts Consumer Credit Fairness Act, Amending Civil Practice Law and Rules and the Judiciary Law

Troutman Sanders

The Act amends provisions of New York’s Civil Practice Law and Rules, commonly referred to as the CPLR, and the Judiciary Law to require original creditors and third-party debt collectors to include certain information and documents when filing and prosecuting debt collection actions.

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Dealing with Debt Collectors

Debt Free Colorado

The Fair Debt Collection Practices Act (FDCPA) applies to collection firms and debt collectors attempting to recover consumer debts. Consumer debts include credit card debts, vehicle loans, medical costs, and school loans. Dray Legal Office can assist you if you are looking for debt relief.

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How To Remove Penn Credit from Your Credit Report

Better Credit Blog

If that’s the case, debt validation should clear things up quickly. Even more good news: this approach can work even if the debt is legit. Since Penn is a third-party debt collector, it may not have the info on file that it needs to validate your debt. Bankruptcies. Repossessions. Identity theft.

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Analysis of a Scam Email – “The Webster Law Firm” and Speedy Cash

Debt Free Colorado

Also, it’s a violation of the Fair Debt Collection Practices Act (FDCPA) for a third party debt collector to disclose information about your debts to others. CREDITOR : SPEEDY CASH SERVICES. You can’t garnish wages because you don’t have a judgment.

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Can a Collection Agency Report to the Credit Bureau Without Notifying You?

Credit Corp

The Fair Debt Collection Practices Act is a federal law that protects consumers against certain unfair collection practices. It applies to only external or third-party debt collectors and only for personal debts. It does not come into play for creditors collecting their own debts.

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How To Remove AWA Collections From Your Credit Report

Better Credit Blog

Their assistance can also be key to recovering from identity theft, which could be to blame for debt collectors contacting you. Third-party collections. Litigation filing and judgments. That means the agency can contact you at multiple stages, whether your debt has reached collections yet or not.