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How Do Collections Accounts Affect Your Credit?

Taurus Collect

If you fail to pay back your creditor or lender or miss out on instalments regularly, they may resort to a debt collection agency or sell your account to a debt buyer. However, they most likely will call you or send emails to inform you about selling your account to a debt buyer. Taurus Collections (UK) Ltd.

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Supreme Court says Congress must expand debt collection law

Roths Child Law

Congress needs to enact laws expanding consumer protections against abusive debt collection, the U.S. Tennessee residents may have heard about the case, which involved a class action filed by several people who defaulted on car loans. The act does not apply to parties that are collecting debts they own, like Santander.

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Dealing with Debt Collectors

Debt Free Colorado

Some states, such as Colorado, have laws that protect customers against debt collectors. You have rights to help you gain control over your debt collection interactions. To learn more about pursuing your legal rights, contact your state’s local consumer agency.

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Importance Of Outsourcing Debt Collection Services

Taurus Collect

Explain the Various Stages of Debt Collection The debt collection process typically follows several stages: Initial Contact: The first step involves contacting the debtor, usually through a letter, to inform them about the outstanding debt and request payment. About Us Taurus Collections (UK) Ltd.

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How To Remove Penn Credit from Your Credit Report

Better Credit Blog

Today, we’ll walk you through all the details you need to know about Penn Credit and debt collectors in general so you can have them taken off your report in no time. Penn Credit Corporation is a legitimate debt collector , one that is headquartered in Harrisburg, Pennsylvania. What Is Penn Credit Corporation?

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CFPB Complaint Report Returns to Debt Collection

Consumer Financial Services Law

Here are the highlights: Debt collection, mortgage and credit reporting continue to be the leaders in complaint volume; Debt collections complaints comprise 27% of the total cumulative complaints received to date by the CFPB; Student loan complaints showed the greatest increase over the same period for 2015 with a 120% increase.

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Fair Debt Collection Practices Act (FDCPA)

Better Credit Blog

Debt collectors are notorious for harassing consumers when they seek repayment, calling excessively and threatening to take actions that may not be legal. What you may not know is that you are protected by the Fair Debt Collection Practices Act (FDCPA), a law designed to keep third-party debt collectors in check when they contact you.