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Debt Collector to Shut Down Under Enforcement Order with CFPB

Account Recovery

The Consumer Financial Protection Bureau today announced that a medical debt collector — Commonwealth Financial Systems in Pennsylvania — is being shut down for failing to conduct reasonable investigations and failing to inform the credit reporting agencies that debts were being disputed by consumers.

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Judge Denies MTD, Rules Credit Union Meets WVCCPA Definition of ‘Debt Collector’ in Convenience Fee Case

Account Recovery

A District Court judge in West Virginia has denied a motion to dismiss filed by a credit union that is facing a class-action lawsuit for violating the West Virginia Consumer Credit and Protection Act by charging a $5 fee to make payments over the telephone, ruling the credit union is a debt collector under the […]

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Professional Life of a Debt Collector

Nexa Collect

The professional life of a debt collector involves communicating with individuals and businesses to collect payments on overdue bills, loans, or other financial obligations. Communication Skills : Debt collectors need excellent communication skills to effectively convey information and negotiate with debtors.

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How communicating with a debt collector can resolve your debt

American Profit Recovery

Never be apprehensive or afraid to communicate with a professional debt collector. Professionally trained collectors are there to help you navigate the complexities of outstanding debt. Here’s a few tips from our debt collection experts on how consumers can improve communication with debt collectors.

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CFPB Sues Debt Collector

Account Recovery

The Consumer Financial Protection Bureau yesterday announced it had filed a lawsuit against a debt collector, accusing it of violating the Fair Debt Collection Practices Act and Consumer Financial Protection Act by sending collection letters using the letterheads of its clients — district attorneys’ offices — to collect on outstanding (..)

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Great communication earns trust as a debt collector

American Profit Recovery

By Georgia: As a debt collector, I look forward to coming to work every day. American Profit Recovery has opened my eyes to what it truly means to be a debt collector, as well as what an important job it is. Being a Debt Collector is not just about collecting money. Yes, you read that correctly.

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Calif. Appeals Court Upholds Subpoena of Debt Collector

Account Recovery

A state Appeals Court in California has upheld a ruling from a lower court compelling a debt collector to comply with a subpoena it received from four District Attorney’s offices in the state investigating the collector’s compliance with the Rosenthal Fair Debt Collection Practices Act and the Telephone Consumer Protection Act.