Nexa Collect

FEBRUARY 10, 2022

Although the best strategy to assign your accounts for collections is when they are 60-90 days past due , regardless of the time of year; however, December has several additional advantages. This is because of 2 reasons. Nearly all collection agencies see better than average collection rates during the first quarter of the year.

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Troutman Sanders

SEPTEMBER 8, 2023

The credit union then assigned the debt to a third-party collection agency. Following the assignment, the collection agency opened its own tradeline for the debt, while the credit union also continued to report the debt. A copy of the order is available here.

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Troutman Sanders

OCTOBER 24, 2023

New York City’s Department of Consumer and Worker Protection (NYC DCWP) recently released a notice of proposed amendments to its debt collection rules. Debt collection agencies must maintain most of these records for a period of three years after the “date of the debt collection agency’s last activity on the debt.”

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Troutman Sanders

JANUARY 22, 2024

On January 2, the Consumer Financial Protection Bureau (CFPB) filed an amicus curiae brief urging the U.S. CICA Collection Agency, Inc. Specifically, the debtor did not notify the debt collector, CICA, of his bankruptcy filing prior to the debt-collection communication at issue. The debtor appealed.

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Taurus Collect

JANUARY 10, 2024

Navigating the labyrinth of commercial debt collection laws in the UK can be daunting for businesses. This blog post aims to shed light on UK commercial debt collection laws and regulations. The Fair Trading Act : This law prevents businesses from using unfair tactics when they are collecting debts.

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Taurus Collect

NOVEMBER 15, 2023

Experiencing a constant barrage of calls from debt collectors can be overwhelming, to say the least. Many wonder, “How many times can a debt collector call me in one day?” Regulations around debt collection are strict, and experts from no cure no pay debt collection UK are here to help you navigate these waters.

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Troutman Sanders

JUNE 23, 2023

248), which places new restrictions on the collection of consumer medical debt. In doing so, the court found the bill neither ran afoul of the First Amendment, nor was preempted by the federal Fair Debt Collection Practices Act (FDCPA) or Fair Credit Reporting Act (FCRA). Read on for further analysis.

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Troutman Sanders

FEBRUARY 13, 2024

billion in debt. Supreme Court unanimously ruled that government agencies can be sued for violations of the Fair Credit Reporting Act (FCRA). However, the Court upheld the Third Circuit’s decision that the FCRA allows for suits against “any person,” including government agencies. For more information, click here. on February 22.

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Credit Corp

NOVEMBER 9, 2020

If you or someone you know has dealt with a collection agency, you know how trying it can be. Debt collection agencies have a long history of harassment and illegal practices. Can a collection agency report to a credit bureau without notifying you? Attempts to Collect a Debt Not Owed.

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PDC Flow

NOVEMBER 7, 2023

Most modern debt collection agencies are starting to use email for collection, or have it on the roadmap to implement soon. Because Regulation F can be complicated, many agencies are still nervous to send this document by email. This consent can come from your agency or be passed to you from the original creditors.

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Collection Industry News

JUNE 12, 2023

Introduction: Managing debt is an essential aspect of running a business, and effective debt collection is crucial for maintaining healthy cash flow and financial stability. Implementing proper debt collection techniques can help businesses recover outstanding payments while maintaining positive relationships with clients.

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Sawin & Shea

JUNE 29, 2022

If, like many, you are struggling with debt and are behind on payments, you may be stressed out by all of the calls you are receiving from your creditors. Creditor harassment is unlawful, and there are many other things that debt collectors don’t want debtors to know to make it easier for them to get away with things they aren’t supposed to.

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True Accord

OCTOBER 23, 2023

But staying top of mind for consumers is harder than ever using traditional call-and-collect methods considering stricter compliance regulations and the fact that 94% of unidentified calls go unanswered. But, even if your collections partner claims to use digital engagement, are you actually getting better recovery rates?

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Better Credit Blog

APRIL 5, 2022

A collection account will lower your credit score and can generally stay on your credit report for up to seven years. Often, a collection entry will even keep you from getting a mortgage or securing an auto loan, which is why it’s important to do all you can to remove collections from your credit report quickly.

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Debt Collection Answers

MAY 18, 2023

ARS National Services is a reputable debt collection agency. The Fair Debt Collection Practices Act (FDCPA) and other laws provide you with rights and protections that you can use to fight back against such behavior. Also, equip yourself with the necessary resources to resolve your debt.

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Troutman Sanders

JANUARY 20, 2023

Creditors and debt collectors may rest assured that they are not violating the Fair Debt Collection Practices Act (FDCPA) when sending debt-collection communications prior to any knowledge of a debtor’s bankruptcy filing. CICA Collection Agency, Inc. , CICA Collection Agency, Inc. ,

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Taurus Collect

MAY 11, 2023

If you have ever had to deal with credit card debt, you know it can be stressful. Debt collectors call at all hours of the day and pressure is put on borrowers to quickly make payments in full. It’s important to understand how credit card debt collection works so that you can find the best way for your individual situation.

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PDC Flow

AUGUST 11, 2023

Email for debt collection is more popular than ever and there are good reasons why. Types of Emails for Debt Collection Debt collectors know email serves consumers better–and many have chosen tools to make this happen. But no matter how successful email collection can be, it still requires human intervention.

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Troutman Sanders

AUGUST 7, 2023

A United States district court in Kentucky recently granted defendants’ motion to dismiss a case arising under the Fair Credit Reporting Act (FCRA) and Fair Debt Collection Practices Act (FDCPA) for lack of personal jurisdiction. Tenant Tracker, Inc. , the plaintiff rented an apartment in Kentucky.

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Credit Corp

MAY 9, 2023

Do you have bill collectors contacting you about unpaid debt? Even if you have debt that’s still unpaid, your creditors only have a certain amount of time to take legal action against you. Keep reading to learn more about what statutes of limitations on debt collection are and how they work.

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Better Credit Blog

APRIL 4, 2022

If you are like most people, you have dealt with or are currently dealing with debt collectors. I’ve been preaching about the dangers of debt collectors for years and get countless emails from readers who end up in trouble by answering the phone when a debt collector calls. So, how should you deal with debt collectors?

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Taurus Collect

APRIL 18, 2023

DebtCo & Taurus announce strategic debt collection partnership The world of debt collection has long been plagued by inefficiencies and outdated practices. By combining years of experience and innovative techniques, Taurus Collections has established itself as a market leader in the UK’s debt collection sector.

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Better Credit Blog

APRIL 3, 2022

Portfolio Recovery Associates, LLC, is a collection agency that buys old debts from lenders and companies that have been unable to collect the debt themselves. Portfolio Recovery buys multiple accounts with old debt from companies that have given up and “charged off” the accounts. Ask Lex Law for Help.

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Troutman Sanders

AUGUST 31, 2023

On August 22, a district court judge in the Western District of New York denied the defendants’ motions to dismiss a case brought by the Consumer Financial Protection Bureau (CFPB) alleging violations of the Fair Debt Collections Practices Act (FDCPA) and Consumer Financial Protection Act (CFPA).

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Troutman Sanders

MARCH 22, 2023

An Illinois federal district court recently denied a creditor-defendant’s motion for summary judgment in a Fair Credit Reporting Act (FCRA) case brought by a consumer who questioned why his debt was being reported twice — as both a tradeline with the original creditor and as a tradeline with a third-party collection agency.

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Collection Industry News

JUNE 24, 2023

Risk mitigation strategies in debt collection are measures and practices implemented by collection agencies or creditors to minimize potential risks associated with debt collection activities. Here are some common risk mitigation strategies in debt collection: 1.

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Collection Industry News

JUNE 1, 2023

Introduction: The debt collection industry plays a vital role in the global economy, helping businesses recover outstanding debts and maintain financial stability. Expanding Debt Markets: Debt markets have witnessed significant expansion in recent years, both in developed and emerging economies.

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Better Credit Blog

OCTOBER 16, 2020

Have a collections entry from Asset Acceptance LLC on your credit report? It’s important to deal with a collections agency like Asset Acceptance quickly. Fortunately, getting a collection entry off your report and putting a stop to the debt collector’s calls is simple and straightforward. Credit card debt.

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UK debt collections

SEPTEMBER 2, 2021

A Five Step Process to Recovering your Debts in France. French debt collection agencies are particularly prevalent due to the country’s strong economic dependence on Small Businesses and Medium enterprises. Under French debt collection laws, proceedings must always begin with an initial attempt at amicable settlement.

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Collection Industry News

FEBRUARY 10, 2024

WASHINGTON, Jan 2 (Reuters) – The U.S. federal government’s total public debt has reached $34 trillion for the first time, the U.S. The Daily Treasury Statement for Friday showed that the total public debt outstanding rose to $34.001 trillion from $33.911 on Thursday. 19 and Feb. deficits by $2.5

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Better Credit Blog

APRIL 6, 2022

One of the most effective ways to get negative items removed from your credit report is to pay the debt, in exchange for the creditor removing the charge-off from your credit report. With this method, you’d use your payment as leverage to convince the debt collector to help restore your credit. Ads by Money.

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Better Credit Blog

APRIL 1, 2022

Is Credence Resource Management, LLC, contacting you about unpaid debts? The longer you avoid a debt collection agency like Credence, the more damage the agency can do to your credit score. Over the years, Credence has collected a lot of debt, earning a profit of $5 million last year. Credence RM.

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Better Credit Blog

FEBRUARY 15, 2021

Are collections accounts weighing heavily on your credit report? If you’ve fallen behind on any of your accounts, you could find Fairway Collections on your credit report. As long as the collections entry stays on your report, it’s hurting your score. About Fairway Collections. Self-pay collections.

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The Kaplan Group

FEBRUARY 21, 2022

It’s always exciting to land a new client, but when that client does not pay you and the debt adds up, excitement turns into anxiety and disappointment. It may be time to consider hiring a commercial collection agency. Today, we will discuss the true cost of hiring a commercial collection agency.

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Troutman Sanders

SEPTEMBER 6, 2023

Columbia Debt Recovery, LLC , the plaintiff, a tenant under a residential lease agreement, vacated the premises early due to concerns over the property’s condition. In response, the property management company engaged a collection agency to recover the remaining amounts claimed as due and owing under the lease.

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Collection Industry News

JUNE 12, 2023

Here are some effective ways to attract clients as a collection agency: 1. Establish connections with individuals and businesses that can refer clients to your agency, such as attorneys, financial institutions, credit bureaus, or other professionals in the debt recovery field.

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Taurus Collect

MAY 18, 2023

Are you a business owner or manager who needs to recover outstanding debts from your clients? A professional debt recovery service , however, can save the day! Here are five of the biggest benefits of using a professional debt recovery agency: 1. That’s where professional debt recovery services come in.

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