CFPB Sues Debt Collector

Account Recovery

Soon, Debt Collectors Can Contact You on Social Media

Sawin & Shea

A new rule will soon allow debt collection messages through social media. On top of phone calls, emails, and text messages, the Consumer Financial Protection Bureau (CFPB) will allow debt collectors to message you through Facebook, Instagram, Twitter, and almost any other social media channel.

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5 Common Myths About Debt Collectors Busted

JMA

When it comes to debt collectors and debt collection, there is a lot of misinformation floating around out there. Today, Read more » The post 5 Common Myths About Debt Collectors Busted appeared first on JMA Credit Control

Things Debt Collectors Are Forbidden to Do

Sawin & Shea

Whether you have missed a single payment somewhere along the line or are delinquent on several payments, the last thing you want is to be harassed by debt collectors. The FTC makes sure that the FDCPA (Fair Debt Consumer Protection Act) is followed by collection agencies.

Appeals Court Upholds Ruling for Insurance Company Against Debt Collector

Account Recovery

Can Debt Collectors Call on Holidays?

Credit Corp

When you’re in debt, getting calls from debt collectors is an unwelcome but common occurrence. But can debt collectors call on holidays? Find out more about the answer to this common question, and learn what you can do to take care of your debt for good.

Tennis Legend accused of ‘hiding’ Trophies from Debt Collectors

UK debt collections

Tennis legend Boris Becker has appeared in court at Southwark Crown Court in London , accused of failing to hand over his trophies to help clear unpaid debts. Becker had been declared as bankrupt in 2017 due to a large debt owing to a bank.

Debt Collectors Banned From Industry In Settlement With FTC

Account Recovery

Compliance Brian Charles McKenzie Critical Resolution Management Enforcement Action Operation Corrupt Collector Tracy Dottrice Warren

6 things they don’t tell you about debt collectors

American Profit

Do you know the truth about debt collectors? Do you feel you know what a collector does? Collectors and consumers can have cordial and productive discussions. Debt collections has changed over the years. Full payment is not always requested by the collector.

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.

DFPI Issues Alert About Firm ‘Posing’ as Legal Debt Collector

Account Recovery

Why Use A Debt Collector?

Debt Recoveries

So why use a debt collector instead of doing it yourself? This is why it is important to outsource to a collector as soon as you can. You are qualified in your area of expertise, so when you have outstanding debts, it is best to assign that task to a debt collection expert.

What You Need to Know When You Hire a Debt Collector

Taurus Collect

Deciding to hire a debt collector isn’t always easy. If you’ve already tried your own business debt collection, moving onto a professional agency is the next obvious step. Benefits of Hiring a Debt Collector. Professional debt collection saves time.

Dec 2, Bad Debt Collectors

Debt Collection Answers

Eight ways bad debt collectors try to get you to pay. Learn how to fight back when debt collection agencies cross the line

Can Debt Collectors Call on Holidays?

Credit Corp

When you’re in debt, getting calls from debt collectors is common. But can debt collectors call on holidays? Find out more about the answer to this common question, and learn what you can do to take care of your debt for good. .

Debt Collector to Turn Over $20M in Accounts Under Settlement With Georgia AG

Account Recovery

The Attorney General of Georgia has announced a settlement with a company that was accused of violating the Fair Debt Collection Practices Act and state law in Georgia that will see the company turn over $19.8

Crucial Conversations All Debt Collectors Should Have with their Creditors

Consumer Financial Services Law

With the CFPB having decided to leave the effective date of the Debt Collection Rule as November 30 th , the push is on for debt collectors to ensure their compliance with the Rule by that date. As debt collectors make the final push towards implementation, there are crucial conversations debt collectors should be having with creditors to ensure a smooth transition. debt collection Debt Collection Rule FDCPA vendor management

Unlicensed Debt Collector Arrested in North Carolina

Account Recovery

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

What New Debt Collector Rules Mean for You

Nerd Wallet

Working with third-party debt collectors can be confusing and scary. adults with debt in collections, knowing their legal rights is crucial. The article What New Debt Collector Rules Mean for You originally appeared on NerdWallet. Paying Off Debt Personal Finance

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.

Hiring, Developing & Supporting Motivated Debt Collectors

Arbeit Software

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

ACA International CEO Mark Neeb Refutes Claims that Debt Collectors are Targeting Economic Stimulus Checks

Account Recovery

ACA International CEO Mark Neeb released a statement today refuting claims that debt collectors are targeting economic stimulus checks. March 15, 2021 – Washington, D.C. –

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

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.

Can a Debt Collector Collect After 10 Years?

Credit Corp

Getting calls from debt collectors can be frustrating and even confusing. That’s even truer when someone is contacting you about an old debt you forgot about, thought was long resolved, or didn’t know about in the first place. What Is a Time-Barred Debt?

Skills & Qualities of a Top Performing Debt Collector | Arbeit

Arbeit Software

There are both innate qualities and learned skills that can be observed in top performing debt collectors. Debt collection agency owner, Travis Irving of HRI Group, shared with us the skills & qualities that he sees most commonly in his top performers.

Can a Debt Collector Collect After 10 Years?

Credit Corp

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?

Consumer Groups Ask Kraninger to Abandon CFPB Reorg, Cite Lack of Supervision Over Debt Collectors

Account Recovery

” Moving … The post Consumer Groups Ask Kraninger to Abandon CFPB Reorg, Cite Lack of Supervision Over Debt Collectors appeared first on AccountsRecovery.net.

Can Debt Collectors Follow You to Another Country?

Credit Corp

Overwhelmed with debt? Whether it’s unpaid credit card debt or medical bills, you might feel like you have nowhere to turn. If you’re seriously considering uprooting your life just to avoid debt, you probably have a few questions. Take time to outline all of your debt.

CFPB Takes Action Against Debt Collector And Its Owner For Falsely Threatening Consumers with Legal Action

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today issued a consent order against a debt collector and its owner for harassing thousands of consumers, falsely threatening them with legal action.

Debt Collection firms targeted via the ‘Buy now, Pay later’ industry

UK debt collections

Debt Collection firms that collect monies on behalf of the BNPL (buy now pay later) sector are being targeted. A recent scathing report revealed that one in 10 shoppers using the credit services are being chased by debt collectors amid surging demand for this form of credit.

Dec 4, Do Not Pay Debt Collectors Until You Read This!

Debt Collection Answers

5 things you must do when dealing with debt collectors. Do not pay debt collectors until you take these steps

FTC settement bans bogus debt collectors from collections

Public Citizen

An Atlanta-based debt collection company and its owners will be permanently banned from the debt collection industry under the terms of a settlement with the Federal Trade Commission. The FTC's press release is here

Trade 40

Consumer Financial Protection Bureau Sues Debt Collector BounceBack, Inc.

Consumer Finance

for allegedly engaging in deceptive and otherwise unlawful debt collection acts or practices. Press release Debt collection Deceptive practicesOn December 9, 2020, the Consumer Financial Protection Bureau filed a lawsuit against BounceBack, Inc.

Can a Debt Collector Get Into My Bank Account?

Credit Corp

Can debt collectors take money from your bank account to offset debts you owe them? While laws in your state might help protect your accounts from private collectors, if you owe tax debt or other federal or state funds, your accounts might be up for grabs.