Account Recovery
MAY 14, 2025
A California Appeals Court has vacated rulings in favor of a debt buyer and ordered a lower court to award summary adjudication in favor of two consumers on the grounds that they were not required to show they suffered concrete harm or needed standing to accuse the debt buyer of violating California’s Fair Debt Buying Practices Act.
Account Recovery
MAY 19, 2025
Alternatively, the debt buying industry may want to look into lobbying efforts to clarify these laws. It is doubtful the intent was to apply them to debt buyers. Perhaps Campney will wind back through the appellate process after the trial court hears the matter further and enters a final order.
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Account Recovery
FEBRUARY 24, 2025
California Appeals Court Reverses Judgment in Debt Buyer Case A California Appeals Court has reversed a lower courts ruling in favor of a debt buyer, determining that consumers do not need to show actual damages to pursue statutory damages under the Fair Debt Buying Practices Act (FDBPA). Stay tuned!
Nexa Collect
JUNE 18, 2023
Legal Action : In some cases, if the debt remains unpaid for a long period, the collection agency may decide to take legal action against the patient. This could involve filing a lawsuit to seek a judgment for the amount owed. Payment Plans and Negotiations : Sometimes, the collection agency might be willing to negotiate the debt.
FFGN COLLECT NY
DECEMBER 12, 2023
In addition, the attorney must provide a list of income types protected from collection should the court grant the debt collector a judgment on the case. You must inform consumers about the debt specifics. Debt buying is a common practice in New York.
FDCPA Defense
FEBRUARY 5, 2013
The FTC recently released its 162-page report entitled " The Structure and Practices of the Debt Buying Industry " which describes a comprehensive study conducted by the FTC over a three-year period using data obtained from the nation’s largest debt buyers.
Collection Industry News
OCTOBER 6, 2020
Finding themselves with enough money to settle old debts, people responded to collectors’ calls and letters. Debt-buying executives couldn’t help marveling at their good fortune. Even that scenario turns out to be rosy for the debt buyers. At the same time, the pandemic compelled households to cut spending.
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