Unlicensed Debt Collector Arrested in North Carolina

Account Recovery

Engle, … The post Unlicensed Debt Collector Arrested in North Carolina appeared first on AccountsRecovery.net.

Dealing with Debt Collectors

J Roquez

Debt collectors get an incredibly poor reputation, but they are invaluable to both businesses and individuals. If you find yourself in this situation, you should know the best ways to deal with debt collectors to make the process as painless as possible. Reasons a debt collector is reaching out to you. The business itself hires a debt collector. The creditor may either use in-house debt collectors or hires an outside debt collection agency.

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Are debt collector companies all the same?

Taurus Collections

As we approach Christmas and New Year 2020, more and more business owners will be searching for debt collector companies. So its important that you keep on top of your cashflow around this time, but its also equally important to know which debt collector companies you can trust. On a few occasions this year we’ve had clients come to us to collect their debts after having had experience of other agencies. Debt collector companies.

Our Debt Collectors Get Compliments From Consumers

American Profit

You don’t sound like a debt collector, you are too nice”. Our collectors get complimented by the consumers they are calling on each and every day. Our collectors as we are sure you know, are calling people because they have not paid a bill on time, or paid it at all. Not really what you’ve been taught about debt collections in the past, right? And our collectors need to gain some confidence that the discussions we have will result in a solution.

Dr. Debt Collector

Credit Management Company

Hospitals and doctor's offices have always been concerned about getting payment from the uninsured, but now that patients with employer coverage bare a greater financial burden, providers are feeling more like debt collectors. Of those doctors that remain independent, many are turning to third party collectors for help. That's why another possible solution to this problem is to outsource patient bills to a third party collectors. Patients debt collection

Hiring, Developing & Supporting Motivated Debt Collectors

Arbeit Software

It starts with a simple question, “what is your purpose?”. Collection Agencies

CFPB, FTC, Federal and State Law Enforcement Crackdown on Corrupt Debt Collectors

Collection Industry News

On September 29, 2020, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC), along with more than 50 federal and state law enforcement partners, announced a nationwide law enforcement and outreach initiative designed to protect consumers from phantom debt collection, and abusive and threatening debt collection practices. The CFPB is actively working to protect consumers from illegal actions of debt collectors,” CFPB Director Kathleen L.

Supreme Court Rules on Federal Debt Collectors and TCPA

Collection Industry News

American Association of Political Consultants , petitioners argued that the government debt collection exemption to the TCPA’s Automatic Telephone Dialing System (ATDS) provision violated the First Amendment by impermissibly favoring government speech. While the majority of the Court was persuaded by the argument that the federal debt collection exemption violated the First Amendment, they did not go so far as to invalidate other provisions of the law.

Why the Police Shouldn’t Be Armed Debt Collectors

Collection Industry News

Deploying police to impose debt and using the justice system to collect it undermine public safety. A 2018 study found that police departments in cities that rely heavily on court debt as a revenue source solve violent crimes at lower rates than those that rely on more equitable revenue sources. Possible reasons for this include pressure to focus on debt collection instead of police work and distrust of police by people who perceive them as debt collectors with guns and badges.

Yes, Debt Collectors Can Still Call Numbers Supplied to Creditors as Part of Underlying Transaction

Collection Industry News

Here’s some bedrock—debt collectors can call numbers supplied by the consumer to an original creditor as part of a credit transaction. Things can get dicey where the consumer switches number or the collector doesn’t have access to the original data supplied to the creditor, so watch out if that’s the case. Either way, it never hurts to have a court decide that consent passed from a creditor to a debt collector. Really quick one for you.

Creditor v. debt collector: What is the difference?

Albuquerque Law

When individuals get calls demanding they repay their debt, it is easy for emotions, like fear and anxiety, to take over. However, one question remains: who is calling to collect the debt? Is it a creditor or a debt collection agency? Many New Mexicans might believe that creditors and debt collectors are essentially the same. After all, they both look to collect debts. When someone calls to collect a debt, individuals have a right to know who is calling.

NYDFS Bares its Teeth, Files its First Enforcement Action Against Debt Collector

Collection Industry News

Yesterday, the New York Department of Financial Services (NYDFS) announced that it filed its first enforcement action against a debt collector under New York’s Debt Collection Regulations. NYDFS brought its statement of charges against Forster & Garbus for allegedly violating the state’s substantiation of debt requirements. ” “CONSUMER-2 disputed that CONSUMER-2 owed any student loan debt whatsoever, and requested proof of debts owed.

Letter to the Editor: Mischaracterization of debt collectors hurts consumers

Collection Industry News

If you’ve checked the news, odds are you’ve seen or heard the misleading reports about debt collectors targeting consumers during the ongoing Covid-19 pandemic. The post Letter to the Editor: Mischaracterization of debt collectors hurts consumers appeared first on Collection Industry News. To the Editor: . This is simply not true, and perpetuating this misinformed criticism further hinders our ability to help find solutions for all parties involved.

Daily Digest – September 14. Judge Grants MTD in Student Loan Collection Case; Unlicensed Debt Collector Arrested in N.C.

Account Recovery

Judge Grants MTD in Student Loan Collection Case; Unlicensed Debt Collector Arrested in N.C.

Debt Collectors Are Thriving This Year – And Now They’re Filing Even More Suits

Collection Industry News

It was a great time to be a debt collector. In August, Encore Capital, the largest debt buyer in the country, announced that it had doubled its previous record for earnings in a quarter. 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. Other debt buyers jumped back in as well.

CFPB Announces new Consumer Advisory Board Members, No Respresentation for Debt Collectors Yet Again

Collection Industry News

Notably, the CAB is yet again devoid of representation from the debt collection industry, which has been a pattern ever since 2018, when the CFPB’s Former Acting Director Mick Mulvaney disbanded the advisory board on which Ohad Samet, CEO of TrueAccord, sat. The post CFPB Announces new Consumer Advisory Board Members, No Respresentation for Debt Collectors Yet Again appeared first on Collection Industry News.

Debt Collector Cannot “Outsource” Statutory Duty to Avoid Errors under FDCPA, Ninth Circuit Holds.

Troutman Sanders

The plaintiff incurred a debt to a medical provider who placed the debt with a debt collector. The collection letter from the debt collector included a request for repayment of principal and interest.

Debt Collectors: Avoid These Three Mistakes!

National Service Bureau

John Rossman and Mike Poncin of Moss and Barnett have a Debt Collection Drill podcast, and a recent episode was particularly relevant to our audience. These are important for debt collectors to avoid, especially because they’ve been emphasized recently. As you may or may not know, there are additional considerations that govern military members and debt collections. Debt Collections debt collectors CFPB

The TCPA: A Primer for Debt Collectors

National Service Bureau

Compliance is a huge part of the debt collection process, and collection agencies need to stay updated on the regulations and legislation that shape interactions with debtors, consumers, patients, etc. It behooves debt collectors - really, anyone in accounts receivable management - to know and understand the restrictions surrounding telephone communication. Debt Collections National Service Bureau TCPA debt collectors compliance complaint debt collection

10 Credit Control Tasks You Can Do Before Outsourcing to Your Debt Collector

Debt Recoveries

The COVID-19 has taken the world by surprise and we at Debt Recoveries Australia and ADC Legal wanted to share some our top 10 credit control tasks you can complete before you send the debt to a debt collector. Follow this guide and set yourself up with a reputable debt recovery agent now, and have yourself prepared for business post COVID-19. The best strategy to deal with outstanding debts is to try to ensure they do not happen in the first place.

Sep 6, Debt collectors calling me for girlfriend's ex

Debt Collection Answers

I live with my girlfriend for two years, a bill collector called today looking for her ex. My phone is in my name. How sis they know to call my number? Supposedly she hasn't talked to ex so he shouldn't have my number. Please help

Insurance company, debt collector review Dade City woman’s 4-year-old hospital bill

Collection Industry News

Days after her call to Consumer Investigator Shannon Behnken, she says Humana Insurance called her to say they are sending additional payment proof to the debt collector. “I Matinzi turned to Better Call Behnken for help after receiving bills from a debt collection company that is threatening to send the debt to credit bureaus. Advent purchased the hospital in 2018 and did not acquire the hospital’s debt. DADE CITY, Fla.

Senate Passes Bill Shielding COVID-19 Relief Payments from Private Debt Collectors

Troutman Sanders

This bill protects stimulus funds provided under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) from being garnished by private debt collectors. All Entries COVID-19 Debt Buyers & Collectors Featured Posts

3 Cell Phone Violations for Debt Collectors to Avoid

National Service Bureau

The CFPB found Discover Bank to be in violation of the Consumer Financial Protection Act in three instances and in violation of the Fair Debt Collection Practices Act in one.for a mistake that might catch other debt collectors unaware. Basically, debt collectors were accused of contacting debtors by cell phone outside the hours of 8am to 9pm in the time zone of residence. debt collectors

Contacted by a debt collector? Here are your options!

National Service Bureau

Have you been contacted by a debt collector recently, and not sure what to do? Your options are to dispute the debt, restrict the activities of the collection agency, or to pay the debt. Option 1: Dispute the debt. The Consumer Financial Protection Bureau has letter templates you can send to a debt collector that address this situation. You don’t owe this debt. Send me more information about this debt. Option 3: Pay the debt.

Mar 18, What is a debt collector?

Debt Collection Answers

Under the federal Fair Debt Collection Practice Act, a debt collector generally is a person or a company that regularly collects debts owed to others, usually when those debts are past-due. Debt collectors include collection agencies or lawyers who collect debts as part of their business. There are also companies that buy past-due debts from creditors or other businesses and then try to collect them.

Third Circuit Broadens Definition of “Debt Collector” under FDCPA to Include Entities That Acquire Debt but Outsource Collection of That Debt

Consumer Finance Watch

a recent precedential decision, the Third Circuit Court of Appeals held an entity whose business is the purchasing of defaulted debts for the purpose of collecting on them falls squarely within the “principal purpose” definition of the Fair Debt Collection Practices Act (“FDCPA”), 15 U.S.C. 1692(a), even where the entity does not collect the debt and a third party is retained to do so. By: Jonathan M. Robbin, Diana M. Eng , and Maria K. Vigilante. In Barbato v.

Debt Collection Tactics Used by Professional Debt Collectors

Stevens Lloyd

If you currently have a debtor that is making excuses for non-payment or outright refusing to pay, then you might want to consider soliciting the services of a professional debt collection agency. Due to this, debt collection agencies are quickly evolving. Such agencies are serving a major role in collecting debt from the defaulters. A debt collection agency can use different tactics and strategies in order to collect the payment from the debtors.

Sixth Circuit Examines Who is a Debt Collector for Purposes of FDCPA Section 1692(f)(6)

Consumer Financial Services Law

By Anna Claire Turpin The Sixth Circuit Court of Appeals recently explored the limitations of Section 1692(f)(6) and held that a property preservation and maintenance company was not a debt collector for purposes of that section. Central to the court’s determination was whether the defendant was a debt collector for the limited purposes set forth in Section 1692(f)(6).

Statement that Debt Collector Would Call Overshadows 1692g Notice

Consumer Financial Services Law

In determining the collection agency’s motion to dismiss, the court considered whether the above statement overshadowed the 1692g notice, leading the unsophisticated consumer to believe he could wait until he received a call to dispute the debt. Second, the court found the debt collector’s contention that it did not make calls within the thirty-day validation troubling because it presented the possibility that consumers would forfeit their rights under §1692g.

Receiving a Summons from a Debt Collector – How Should You Respond?

admin

Whether a business falls behind due to cash flow problems or unexpected legal trouble, debt can pile up quickly in tight situations. Dealing with debt collectors is stressful enough for most companies. Receiving a court summons from a debt collector is the last thing a business wants after dealing with their financial problems. What Is a Court Summons from a Debt Collector? Description of the debt owed.

Consumer Financial Protection Bureau Settles Lawsuit with Debt Collectors and Debt Buyers Encore Capital Group, Midland Funding, Midland Credit Management, and Asset Acceptance Capital Corp.

Consumer Finance

Press release Debt collection EnforcementOn October 15, 2020, the Consumer Financial Protection Bureau filed a proposed stipulated final judgment and order to settle its lawsuit against Encore Capital Group, Inc., and its subsidiaries.

Eleventh Circuit Continues to Explore Definition of Debt Collector

Consumer Financial Services Law

An unpublished opinion from the Eleventh Circuit continues its analysis of the definition of a debt collector and continues to narrow the applicability of the FDCPA. 2015) was one of the first opinions to parse the definition of a debt collector under 15 U.S.C. 1718, 171-22 (2017) in which the Supreme Court held that a debt buyer may collect its own accounts under certain circumstances without triggering the FDCPA.

House Committee Okays Bill to Amend FDCPA to Exclude Law Firms from Definition of “Debt Collector”

Consumer Financial Services Law

By: Zachary K. Dunn The House Financial Services Committee voted 35-25 on March 21, 2018 to advance H.R. 5082, officially known as the “Practice of Law Technical Clarification Act of 2018,” to the full House of Representatives.

Skip Tracing TCPA Problem for Debt Collector: Court Denies Class Certification; but Gives Plaintiff a Second Chance

Collection Industry News

The post Skip Tracing TCPA Problem for Debt Collector: Court Denies Class Certification; but Gives Plaintiff a Second Chance appeared first on Collection Industry News. Well, here’s something you don’t like to see. A Plaintiff files a patently insufficient certification motion—lacking even basic evidence on the issue of numerosity—but is awarded both another bite at the apple and a little free guidance from the Court as to how to get the case certified. No bueno.

U.S. Supreme Court Holds Foreclosure Firms Conducting Nonjudicial Foreclosures Are Not Debt Collectors Under the FDCPA

Consumer Finance Watch

The United States Supreme Court holds businesses conducting nonjudicial foreclosures are not “debt collectors” under the FDCPA, but lenders and foreclosure firms should take note that the Court specifically chose to leave open the question of whether businesses that conduct judicial foreclosures are “debt collectors” under the statute. . Consumer Financial Protection Debt Collection Litigation Developments FDCPA SCOTUSBy: Wayne Streibich , Diana M.

Successors by Merger May Not be Debt Collectors

Consumer Financial Services Law

A recent decision from a Louisiana district court should provide some comfort to banks and other financial institutions who acquire other entities by merger – at least in the Fifth Circuit, they are not debt collectors. The consumer alleged BoA was a debt collector under the FDCPA because his “loan was in default prior to the transfer from his original lender Countrywide to Bank of America.”