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The Growth Potential of the Debt Collection Industry: An In-Depth Analysis

Collection Industry News

These technologies enable debt collectors to automate repetitive tasks, streamline workflows, analyze data more effectively, and personalize communication with debtors. Analyzing vast amounts of data allows agencies to identify trends, assess debtor creditworthiness, and predict repayment probabilities.

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Dealing with Debt Collectors

Debt Free Colorado

What can debtor collectors do to you under the FDCPA: Contact other people to find out where you live, your current telephone number, or where you work, but they can’t contact anyone more than once or tell anyone you owe a debt. Under the UCCC, consumers can take legal action against debtors. Repeatedly call you.

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7th Cir. Holds FDCPA Consumer’s Confusion And Hiring Attorney Not Enough For Article III Standing

Collection Industry News

Court of Appeals for the Seventh Circuit recently vacated judgment in favor of a debt collector against putative class action claims raised by a consumer that its collection letter violated the federal Fair Debt Collection Practices Act (FDCPA) by threatening action that could not legally be taken and amounting to a false representation.