Taurus Collect
FEBRUARY 1, 2024
A debt collector might sound like a character from a Charles Dickens novel, but if you’ve been contacted by one, you know they’re very much a reality of modern financial life. So, what exactly is a debt collector? What Is a Debt Collector? Why Are They Contacting Me?
Nexa Collect
JUNE 10, 2023
Here are some ways AI can be used in debt collections: Automated Communication: AI-powered chatbots can handle initial interactions with debtors, engage in conversations, and answer frequently asked questions. Lowering Collection Costs: Human debt collectors take a significant percentage of all money recovered by them.
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Troutman Sanders
NOVEMBER 13, 2023
On November 3, Colorado State Attorney General Phil Weiser announced that state regulators reached an agreement with a Florida-based debt management company over violations of the Colorado Debt Management Services Act. Annual report requirements will be adopted through a separate rulemaking.
Sawin & Shea
AUGUST 24, 2020
If you’re dealing with debt and considering filing for bankruptcy, it’s a good idea to get professional legal advice on how to handle the proceedings. Credit counseling and debt management agencies may be able to assist you as you work, but with so many untrustworthy schemes out there, how do you know what the right step should be?
Fico Collections
SEPTEMBER 19, 2022
These rules require the debt collectors and recoveries staff to—if non-complaint—make significant changes on how and when they can communicate with debtors. Here are some highlights: The 7-in-7 rule: Regulation F stipulates that there may be no more than seven calls made by a debt collector to a consumer in a span of seven days.
The Kaplan Group
OCTOBER 19, 2020
You can learn more about FDCPA in our advice to consumer debtors. A credit counselor is certified and trained in consumer credit, money and debt management, and budgeting. However, certain debts owed to the government may also result in garnishment, even without a judgment. Default Provisions. Credit Counselor.
Sawin & Shea
NOVEMBER 8, 2023
This means you will be contacted (usually A LOT) by their debt collectors to arrange payment. In short, getting behind on your credit card payments will cost you a lot more money and add to your credit card debt stress for the foreseeable future. This results those late payments being reported on your credit report.
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