article thumbnail

Brit Suttell Awarded Prestigious Donald Kramer Award

BN Lawyers

Brit Suttell wins the National Creditors Bar Association Donald Kramer Award for efforts on behalf of Credit and Legal Collections Industry. AUSTIN, TEXAS, USA, October 23, 2020 / EINPresswire.com / — Brit Suttell has been awarded the National Creditor’s Bar Association’s Donald Kramer Award.

article thumbnail

How Much Does a Charge Off Affect Your Credit Score?

Credit Corp

It also looks bad to future creditors because it indicates you might not pay all your bills. However, an unpaid charge off still looks bad to potential creditors and can limit your options when it comes to loans such as mortgages. Can Creditors Attempt to Collect Charged Off Debt? What Is a Charge Off?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Debt Collection Statute of Limitation in California

Direct Recovery

A statute of limitation is a legal term that defines the specific length of time before a debt is considered “time-barred” and is no longer legally collectible by either the original creditor or a collection agent.

article thumbnail

Business Debt Collection Laws and their Connection to Commercial Debt

Debt RR

Although commercial debtors do not enjoy the same level of protection as consumer debtors do, this does not mean they are left at the mercy of creditors and debt collection agencies (DCAs). The business debt collection laws protect them. Like the Fair Debt Collection Practices Act, the U.S.

article thumbnail

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

Taurus Collect

Simply put, it’s an individual or a debt collection agency in the UK employed by a creditor to retrieve funds that are overdue. Let’s take a closer look at the role of debt collection agencies and what your rights are when interacting with them. So, what exactly is a debt collector? What Is a Debt Collector?

article thumbnail

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. Know your rights.

article thumbnail

FTC Cracks Down On Corrupt Debt Collectors

Collection Industry News

The collectors threatened them with legal action unless they made an immediate credit or debit card payment. In the FTC cases, the defendants made calls to collect debts they couldn’t legally collect or the victims didn’t owe. Check with the original creditor. Another company associated with this one took in $5.2