Better Credit Blog

FEBRUARY 15, 2021

Collections entries will stay on your report for a total of 7 years, even if you pay up your account. Depending on other factors on your credit score and the extent of your debt, a collections account can drop your score significantly. How to Deal with Fairway Collections. Repossessions. Charge-offs. Foreclosure.

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Better Credit Blog

FEBRUARY 24, 2021

They have been collecting on consumer debt since it was founded in 1983. Some third-party debt collectors buy debts for pennies on the dollar. But FNCB is hired by businesses to collect on debts. Fortunately, you have rights under the Fair Debt Collection Practices Act.

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Better Credit Blog

FEBRUARY 19, 2021

While you may be questioning their legitimacy, DCM services is a credible debt collection agency. Headquartered in Minneapolis, Minnesota, the agency has a slightly different focus than other debt collectors. They collect on debts in numerous industries, such as: Auto. Repossessions. Identity fraud.

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Better Credit Blog

NOVEMBER 23, 2020

Whether it’s for a $50 cable bill or a $5,000 hospital bill, a collections entry will stay on your credit report for seven years. But getting an entry from FMS Collections off your report could be easier than you think. Using the strategies outlined below, you can say goodbye to debt collectors and get your score back on track.

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Better Credit Blog

FEBRUARY 24, 2021

They have been collecting on consumer debt since it was founded in 1983. Some third-party debt collectors buy debts for pennies on the dollar. But FNCB is hired by businesses to collect on debts. Fortunately, you have rights under the Fair Debt Collection Practices Act.

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Better Credit Blog

FEBRUARY 5, 2021

You should also read up on the Fair Debt Collection Practices Act. This act was written to protect consumers from abusive debt collection practices and to ensure accurate reporting. Among other guidelines, it states that: Debt collectors are only allowed to call from 8 a.m. Repossession.

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Better Credit Blog

FEBRUARY 25, 2021

Either way, once a debt hits the collections stage, an entry is added to your report, staying for 7 years. A debt collector may also contact you frequently until you make a satisfactory payment. Collections agencies are held to a set of standards set forth by the Fair Debt Collection Practices Act.

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Better Credit Blog

FEBRUARY 15, 2021

While some companies have their own collections team, most outsource to agencies like FCO, who either buy your debt for pennies on the dollar or earn a fee for collecting debts for businesses. How to Deal with FCO Collections. It is always wisest to chat with debt collectors via mail rather than by phone.

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Better Credit Blog

FEBRUARY 12, 2021

Oftentimes, these complaints have to do with the agency’s aggressive collection attempts, failure to validate debt, and inaccurate reporting. To see what customers think of EZ Pass and other debt collectors, take a look at the Better Business Bureau and the Consumer Financial Protection Bureau. Repossession.

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Better Credit Blog

FEBRUARY 22, 2021

While debt collectors may seem scammy with their frequent phone calls and letters, Designed Receivable Solutions, Incorporated is a legitimate third-party debt collection agency. More than dealing with stressful collections calls, they can help you confront some serious credit problems, such as: Bankruptcy.

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Better Credit Blog

DECEMBER 2, 2020

Like most debt collectors, Autovest has its share of negative reviews from consumers, including complaints filed with the Consumer Financial Protection Bureau and the Better Business Bureau. Some complaints are concerned with the agency’s failure to respond to requests for debt validation and their faulty reporting.

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Better Credit Blog

FEBRUARY 18, 2021

To get an understanding of how debt collectors are, and aren’t, allowed to treat you, you need to read up on the Fair Debt Collection Practices Act. The FDCPA is your shield against abusive debt collection practices and inaccurate reporting. Repossessions. and 9 p.m. Charge-offs. Foreclosures.

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Better Credit Blog

FEBRUARY 12, 2021

When your debt enters the collections stage, it will: Lower your credit score. Lead to constant letters and calls from debt collectors. While some businesses have a collections department, others get assistance from agencies like EPR. These agencies could: Purchase your debts for pennies on the dollar, or.

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Better Credit Blog

DECEMBER 2, 2020

Is your credit score suffering because of debt in collections? Debt collectors can add stress to your everyday routine, calling constantly, sending letters, and even worse, damaging your credit. But if their attempts don’t work, they will eventually turn your debt over to a debt collector. Bankruptcy.

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