Account Recovery

JULY 30, 2021

LAS VEGAS — More sights and sounds from ACA International’s Annual Convention, including a poll about remote work, an update on the industry’s lawsuit attempting to fight back against a medical debt collection law in Nevada, a tip on collectors’ commissions, and tips to deal with consumer lawsuits during the pandemic.

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Collections 246

Account Recovery

JULY 30, 2021

REMOTE WORK, SB248 LAWSUIT, AND MORE DISCUSSED DURING DAY 2 OF ACA’S CONVENTION LAS VEGAS — More sights and sounds from ACA International’s Annual Convention, including a poll about remote work, an update on the industry’s lawsuit attempting to fight back against a medical debt collection law in Nevada, a tip on collectors’ commissions, and … (..)

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Collections 246

Nexa Collect

MARCH 22, 2022

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.

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Collection Agencies Collections Agency Debt collector Original Creditor 130

Nexa Collect

FEBRUARY 3, 2022

An average collection agency will recover about 20% of the total debt assigned. Here are the most important factors which decide how much a collection agency will collect for you: 1. They must know how to recover the debt diplomatically instead of forcefully. Age of your debts. Your Industry.

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Collection Agencies Collections Agency Collections Debt collector 130

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. 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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Debt collector Bankruptcy Debtor Fair Debt Collection 52

Account Recovery

OCTOBER 2, 2020

Appeals Court Affirms for Defendant Accused of Trying to Collect Wrong Amount; Judge Overrules Sanctions Recommendation appeared first on AccountsRecovery.net. Appeals Court Affirms for Defendant Accused of Trying to Collect Wrong Amount; Judge Overrules Sanctions Recommendation appeared first on AccountsRecovery.net.

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Fair Debt Collection Debt collector Collections 147

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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Collections Debt collector Creditors Student loans 97

Jimerson Firm

DECEMBER 14, 2021

Two important statutes for all businesses to be aware of are the Florida Consumer Collection Practices Act (FCCPA) and the Fair Debt Collection Practices Act (FDCPA). Fair Debt Collection Practices Act. For example, a debt collector cannot: use violence or make repetitive telephone calls (15 U.S.C.

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Debt collector Fair Debt Collection Consumer Collections Legal Rights 105

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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Debt collector Creditors Collection Agencies Collections Agency 97

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. Request Debt Validation.

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Debt collector Fair Debt Collection Collection Agencies Collections Agency 116

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?” In this post, we will explore the rights and regulations governing debt collection in the UK. or after 9 p.m.,

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Debt collector Fair Debt Collection Collection Agencies Collections Agency 52

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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Collections Debt collector Collection Agencies Collections Agency 52

Account Recovery

FEBRUARY 2, 2021

… The post Daily Digest – February 2. … The post Daily Digest – February 2. Bedard Analyzes the Ins and Outs of Opt-Out Provisions; Collector Agrees to Consent Order in Minnesota appeared first on AccountsRecovery.net.

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Collections 113

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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Debt collector Fair Debt Collection Collection Companies Consumer Credit 52

Credit Corp

SEPTEMBER 12, 2023

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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Collections Collection Agencies Collections Agency Credit Bureau 92

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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Bankruptcy Debt collector Debtor Collection Agencies 59

CICM

SEPTEMBER 15, 2023

In this blog, we will look at what Debt Collections is and why it is so important. What is Debt? Debt is money owed to another. This debt could be unpaid bills or invoices for goods and services, repayment of a financial service or money loan, or overdue sums for a range of obligations such as fines, taxes and rent.

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Debt collector Collections Collection Agencies Collections Agency 52

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? It does not come into play for creditors collecting their own debts.

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Collection Agencies Collections Agency Credit Bureau Collections 106

PDC Flow

JANUARY 29, 2024

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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Debt settlement Collections Debtor Collection Agencies 88

Troutman Sanders

JANUARY 9, 2024

On January 2, the CFPB issued a report noting that during December 2023, it sent $6 million in financial relief to consumers harmed by illegal lending practices targeting veterans. On January 2, the CFPB published a blog titled, “Holding Debt Collectors Responsible for False Statements.” For more information, click here.

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Financial services Student loans Student Loans Debt collector 52

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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Debt collector Collection Agencies Collections Agency Debtor 52

True Accord

APRIL 5, 2023

It’s tax season again, which can mean tax refunds for consumers that have historically been leveraged to stabilize finances or pay down debt. Read on for our take on what’s impacting consumer finances and our industry, how consumers are reacting, and what else you should be considering as it relates to debt collection in 2023.

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Student loans Student Loans Credit Card Debt Loans 94

Troutman Sanders

OCTOBER 2, 2023

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.

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Fair Debt Collection Debt collector Collections 52

Better Credit Blog

APRIL 1, 2022

To remove Capital One Collections from your credit report, you first need to know who currently owns the debt. In other words, has Capital One sold your unpaid credit card debt to another collection agency, or is the debt still with Capital One? Steps To Remove Capital One Collections From Your Credit Report.

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Debt collector Credit Card Debt Collections Third-party Debt Collectors 73

Troutman Sanders

JANUARY 9, 2023

LLC , the district court for the Northern District of Illinois confirmed the long-standing principle that not all communications sent from a debt collector to a debtor are governed by the Fair Debt Collection Practices Act (FDCPA). ARI acquired a debt owed by the plaintiff. Absolute Resolutions Investments.,

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Debtor Debt collector Collections Fair Debt Collection 52

Collection Industry News

JUNE 14, 2023

There are several key consumer laws that collectors should be concerned with when engaging in debt collection practices. Here are some important consumer laws that collectors should be familiar with: 1. Fair Debt Collection Practices Act (FDCPA): The FDCPA sets standards for debt collection practices in the United States.

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Debt collector Collections Fair Debt Collection Financial Institution 40

Collection Industry News

JUNE 16, 2023

When it comes to commercial debt collection, the regulatory framework differs from consumer debt collection. Here are some relevant laws and regulations that apply to commercial collectors: 1. Here are some relevant laws and regulations that apply to commercial collectors: 1.

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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. The creditor then hires a debt collection agency to start the collection process.

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Credit Card Debt Collections Collection Agencies Collections Agency 52

True Accord

SEPTEMBER 16, 2022

Trying to keep up with regulations in debt collection can feel overwhelming especially with new cases and federal guidance coming out regularly interpreting the law and states actively amending or creating new laws that impact debt collectors, original creditors, and current creditors.

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Collections Debt collector Fair Debt Collection Creditors 67

Credit Corp

DECEMBER 14, 2020

Whether you have medical debt, credit card debt or unpaid student loans , getting calls or letters from debt collection companies can be frustrating. But it’s especially frustrating if your debt is several years old. Can a debt collector collect after 10 years? Get Help Now.

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Debt collector Collections Judgment Collection Agencies 98

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. This is called a charge-off.

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Debt collector Collection Agencies Collections Agency Garnishment 87

Taurus Collect

JANUARY 24, 2023

But while it can be exciting to think about that refund cheque hitting your bank account soon, there’s another equally pressing reason why you should pay attention this tax season – debt collection! For many debtors, their primary contact with collectors will be through phone conversations.

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Collections Collection Companies Debt collector Debtor 52

Collection Industry News

APRIL 30, 2023

On April 26, the Consumer Financial Protection Bureau (CFPB or Bureau) issued an advisory opinion reminding the industry that a debt collector who brings or threatens to bring a foreclosure action to collect a time-barred mortgage debt may violate the Fair Debt Collection Practices Act (FDCPA).

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Debt collector Foreclosure Fair Debt Collection Loans 40

True Accord

OCTOBER 10, 2023

If you’re a creditor or collector working with financially distressed borrowers, considering consumer situations and preferences when collecting is critical to your success. 5.5% , the end goal is maximum employment and inflation at the rate of 2% and they are closely watching indicators to determine future rate changes.

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Student loans Student Loans Loans Personal loans 82

FFGN COLLECT NY

DECEMBER 11, 2023

An experienced legal professional knows that any misstep during debt collection can lead to serious legal repercussions. To collect debt for a client, New York attorneys must understand and implement ethical practices during debt collection. Be clear and respectful.

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Collections Debtor Fair Debt Collection Lawyers 52

Jimerson Firm

FEBRUARY 22, 2024

The Florida Consumer Collection Practices Act (FCCPA) is a pro-consumer statute. Unlike the FDCPA, which only applies to debt collectors, the FCCPA applies to all persons or businesses collecting consumer debts. These lawsuits are typically based upon an allegedly improper 3-day notice sent to a tenant/debtor.

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Debtor Lawyers Consumer Collections Legal Rights 59

Collection Industry News

JUNE 10, 2023

The Fair Debt Collection Practices Act (FDCPA) is a federal law in the United States that regulates the behavior of debt collectors when collecting consumer debts. Verify the debt: Before initiating any collection activities, ensure that the debt is valid and accurate.

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