Better Credit Blog

FEBRUARY 19, 2021

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. If your loved one passed away while carrying debt in one of the industry’s above, you could be contacted by DCM Services to settle the account.

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Better Credit Blog

FEBRUARY 25, 2021

If you carry debt in any of those industries, the entry featured on your report could be legitimate. When you fail to keep up with payments to a service provider or lender, they often hand your debts off to collections agencies. A debt collector may also contact you frequently until you make a satisfactory payment.

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True Accord

JANUARY 10, 2024

The Consumer Financial Protection Bureau (CFPB) has had its hands full overseeing actors across sectors–from regional and large banks to auto and online lenders to mortgage and credit agencies–in an ongoing effort to protect consumers in an ever-growing landscape of financial product offerings. trillion in Q3 2023, showing a 4.7% a year ago.

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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. Retail cards. Fortunately, you have rights under the Fair Debt Collection Practices Act.

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Better Credit Blog

JANUARY 15, 2021

Clarity Services is a third-party credit reporting company used by lenders to obtain data like your credit reports when you apply for funding. They specialize in subprime candidates, helping lenders with tough calls on applicants with poor credit or little to no credit history. Debt recovery. Retail financing.

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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. Retail cards. Fortunately, you have rights under the Fair Debt Collection Practices Act.

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Troutman Sanders

OCTOBER 30, 2023

The FTC’s Safeguards Rule requires nonbanking financial institutions, such as mortgage brokers, motor vehicle dealers, and payday lenders, to develop, implement, and maintain a comprehensive security program to keep their customers’ information safe. For more information, click here. On October 26, Senator Cynthia M.

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Better Credit Blog

AUGUST 7, 2020

Originally founded in 1985, Professional Finance Company is a medium-sized debt collection agency that offers services for debt recovery, self-pay early-out, and debt purchasing. Request Debt Validation. The debt collection process is not perfect. Request a Goodwill Adjustment. Hire a Professional. or after 9 p.m.

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Better Credit Blog

OCTOBER 28, 2020

That’s because applying for a credit card, loan, or in this case a Mastercard, often results in banks and lenders checking your credit report. eBay Mastercards are issued by Synchrony Bank, a massive national bank offering several retail cards. If so, you’ve probably noticed a slight drop in your credit score along with it.

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Debt RR

DECEMBER 13, 2019

There are 35 major bankruptcies in 2019 so far, and over two-thirds happened in retail. 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. What Happens If You Ignore a Debt Collector?

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True Accord

JULY 13, 2023

There were also a couple of notable court decisions impacting debt collectors last quarter. Key Indicators and the Student Loan Predicament According to the New York Fed’s Quarterly Report on Household Debt and Credit , total household debt increased in the first quarter of 2023 by $148 billion (.9%) 9%) to $17.05

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Better Credit Blog

JANUARY 5, 2021

They partner with over 145 retailers and financers to offer cards and credit accounts. A hard inquiry could impact any of your credit scores, as some lenders only rely on one or two reports while others utilize all three. Debt collectors. The credit accounts are issued by Comenity Capital Bank. Late payments. Bankruptcy.

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Troutman Sanders

MAY 9, 2023

The proposed rule would require lenders to assess a borrower’s ability to repay a PACE loan and would provide a framework for how these loans will be treated under the Truth in Lending Act. Strengthen Retail (Consumer) Investor Protections. For more information, click here. On May 4, Colorado Governor Jared Polis signed SB93 into law.

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Better Credit Blog

JANUARY 29, 2021

Citibank is a major financial institution that offers credit cards in partnership with numerous retailers, including: Best Buy. That being said, lenders might be discouraged from approving your application if your credit report is riddled with hard inquiries. Debt collectors. NTB/CBNA On My Credit Report. Brooks Brothers.

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Better Credit Blog

OCTOBER 14, 2020

Today’s guide will walk you through the basics of debt collections and give you some pointers for getting ARS off your credit report. Asset Recovery Solutions isn’t a lender, provider, or retailer itself, so getting a letter or call stating that you owe them money may have you concerned about the company’s legitimacy.

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Better Credit Blog

NOVEMBER 25, 2020

It is most popular for its credit cards, partnering with dozens of big-name service providers and retailers to offer rewarding credit cards. Abt Electronics is a popular appliance and electronics retailer that offers 6, 12, and 24-month financing with its Synchrony credit cards. Debt collectors. Charge offs. Foreclosure.

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Better Credit Blog

NOVEMBER 17, 2020

The bank also partners with 25 companies to offer rewards credit cards across different industries, including entertainment, travel, and retail. This allows the lender to take a closer look at how you’ve used credit in the past and aids them in the approval process. Some of Barclays’ credit card partners include: American Airlines.

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