Remove debt-collection-2 debt-collection-letters
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Daily Digest – August 2. Discount Language in Letter Leads to Class-Action; Judge Grants MSJ for Defense Over Tax Language

Account Recovery

CLASS-ACTION ACCUSES COLLECTOR OF VIOLATING FDCPA THROUGH DISCOUNT LANGUAGE IN LETTER A class-action complaint has been filed against a debt collector for allegedly violating the Fair Debt Collection Practices Act because of the language it used in a letter offering the plaintiff opportunities to repay the debt by making less than a payment in full.

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Debt Validation Notice Format Recommended by CFPB

Nexa Collect

By law, all debt collectors are required to provide at least 30 days to the debtor/consumer to dispute the debt, after the consumer receives (or is assumed to receive) the validation information. Most collection agencies will add about additional 2 weeks to account for mailing delays and holidays. The amount is wrong.

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A Strategic Approach to Debt Settlement Campaigns for Tax Season

PDC Flow

Debt settlement campaigns are initiatives where debt collection agencies offer a discount to consumers to boost collection on old or unresponsive accounts. Tax season is the best time to consider a debt settlement campaign within your debt collection agency.

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Daily Digest – December 2. Judge Denies MTD in FDCPA Case Over Reference to Creditor; CFPB Sues Debt Settlement Company

Account Recovery

Judge Denies MTD in FDCPA Case Over Reference to Creditor; CFPB Sues Debt Settlement Company appeared first on AccountsRecovery.net. Judge Denies MTD in FDCPA Case Over Reference to Creditor; CFPB Sues Debt Settlement Company appeared first on AccountsRecovery.net.

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How to Remove Collection Accounts from Your Credit Reports

Credit Corp

You can remove collection accounts from your credit report by disputing inaccuracies, asking for goodwill deletions, or requesting a pay for delete agreement. Collection accounts are bad for your credit score. So if you have a debt in collections, your credit score has likely taken a dip.

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CFPB Amicus Brief Supports FDCPA Claim for Unknowing Stay Violation

Troutman Sanders

On January 2, the Consumer Financial Protection Bureau (CFPB) filed an amicus curiae brief urging the U.S. CICA Collection Agency, Inc. CICA) , a district court for the District of Puerto Rico dismissed a debtor’s case with prejudice, finding the debt collector lacked the requisite knowledge and intent to violate § 1692e of the FDCPA.

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Georgia Federal Court Holds that Service of a Complaint Triggers the Statute of Limitations for a Subsequent FDCPA Claim

Troutman Sanders

District Court for the Southern District of Georgia denied the defendant’s motion to dismiss claims asserted under the Fair Debt Collections Practices Act (FDCPA), holding that for claims based on collections suits, the statute of limitations does not begin to run until the consumer is served with a copy of the underlying complaint.