Better Credit Blog

APRIL 3, 2022

Portfolio Recovery buys multiple accounts with old debt from companies that have given up and “charged off” the accounts. In other words, when the original creditor has been unsuccessful in collecting on a debt, it will write off the debt as a loss. Portfolio Recovery will buy old debt for pennies on the dollar.

Debt collector 87

Debt collector Collection Agencies Collections Agency Garnishment 87

Credit Corp

JUNE 14, 2020

Suddenly, the debt reappears on your credit report, except now it’s a zombie debt. Zombie Debts and Judgments. If the original creditor went to court and obtained a judgment against you for a debt, the zombie debt cycle can be more complicated. Why Is Zombie Debt Such a Problem?

Debt collector 98

Debt collector Judgment Collection Agencies Collections Agency 98

Debt RR

AUGUST 3, 2020

It’s not uncommon for businesses to take on debt. Sometimes, that debt gets out of hand and businesses find themselves on the receiving end of calls from commercial debt collection agencies. Calls from a commercial debt collector can create an enormous amount of stress for many business owners.

Collection Agencies 43

Collection Agencies Collections Agency Debt collector Collections 43

Debt Collection Answers

MAY 18, 2023

Like all other debt collectors, DNF Associates, LLC depends on multiple sources of information to pursue debt collection. This involves gathering all relevant information and evidence regarding the purported debt. Typically, DNF Associates purchase these debts for as low as 10% of the original amount owed.

Acquisition 52

Acquisition Garnishment Judgment Banks 52

Taurus Collect

MAY 11, 2023

If you have ever had to deal with credit card debt, you know it can be stressful. Debt collectors call at all hours of the day and pressure is put on borrowers to quickly make payments in full. If the debtor still refuses to pay, the creditor may file a lawsuit and take the debtor to court.

Credit Card Debt 52

Credit Card Debt Collections Collection Agencies Collections Agency 52

Better Credit Blog

APRIL 1, 2022

Numerous complaints state the company left over 25 voicemails on one customer’s phone alone in an attempt to collect a debt. Other complaints claim TSI threatened wage garnishment or property seizure, both of which they could not do. Debt Validation. If you can, try to settle with the original creditor.

Collection Agencies 77

Collection Agencies Collections Agency Garnishment Fair Debt Collection 77

Collection Industry News

SEPTEMBER 8, 2020

THE Fair Debt Collection Practices Act (FDCPA) is a federal law that was enacted in 1978 by the United States Congress to protect consumers from abusive debt collectors. Note, however, that the FDCPA applies only to third party collectors who collect debt for original creditors. Trump $45,000.

Fair Debt Collection 40

Fair Debt Collection Collections Debt collector Credit Bureau 40

Credit Corp

AUGUST 24, 2020

If your debt goes into collection , it’s imperative you know your debt collection rights. Collectors must provide a written notice explaining the debt—including the amount, the name of the original creditor, and your right to dispute the debt—within five days of contacting you the first time.

Collections 90

Collections Debt collector Collection Agencies Collections Agency 90

Better Credit Blog

APRIL 1, 2022

If you’re unable to pay your original creditor, your debt may pass to a debt recovery agency, earning a collection letter and possibly a stain on your credit report. The truth is, debt collectors actually have a set of rules they have to follow when attempting to collect on a debt.

Collections 52

Collections Fair Debt Collection Debt collector Creditors 52

Credit Corp

JUNE 14, 2023

Your creditor may sell your charged-off debt to a collection agency for pennies on the dollar. The collection agency may then attempt to collect the debt anew. Pro tip: Even if a debt has been charged off, consider contacting the original creditor to negotiate a settlement.

Foreclosure 89

Foreclosure Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy 89

Credit Corp

JULY 20, 2020

When you miss too many payments, your creditor may charge off the debt. When your debt is charged off as a bad debt, don’t fool yourself into thinking it goes away. A charged off debt can lead to harassing phone calls, garnished wages, and a major drop in your credit score. in the final quarter of 2019.

Debt Consolidation 98

Debt Consolidation Creditors Third-party Debt Collectors Creditworthiness 98

Debt RR

DECEMBER 13, 2019

trillion worth of debt. When faced with mounting debt, it’s inevitable that someone will come to collect. Many people are facing a debt collector threatening to serve papers. When courts get involved, debt collection gets serious. Of course, ignoring a process server doesn’t make the debt or lawsuit go away.

Debt collector 42

Debt collector Debtor Bankruptcy Creditors 42