Sawin & Shea

JANUARY 18, 2023

Filing Chapter 7 bankruptcy provides you with an automatic stay that prohibits creditors from being able to take any action to collect a debt against you, such as repossessions, wage garnishment, and legal action. What Happens After You File Chapter 7 Bankruptcy? Additionally, your creditors will not be allowed to contact you.

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Troutman Sanders

MAY 5, 2022

The CFPB sees wrongful repossessions everywhere. Per the report, recent examinations found that servicers engaged in unfair acts or practices when they repossessed vehicles after consumers took action that should have prevented the repossession. Failing to trigger refunds of GAP protection after a repossession.

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Better Credit Blog

FEBRUARY 2, 2021

If they are unsuccessful, your debt will go into collections, which can have a significant impact on your credit report. Some companies sell their debts to third-party debt collectors , while others, like BGE, have their own collections department. Repossession. The best part? Owe BGE $250? Foreclosure.

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Better Credit Blog

OCTOBER 2, 2020

If you’re wondering how best to proceed with a debt collector like AWA, we’ve got you covered. AWA is a small debt collector that has been operating since 1993, according to its BBB profile. Write a debt validation letter. Write a Debt Validation Letter. Repossessions. What Is AWA Collections?

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Debt Free Colorado

JUNE 18, 2024

Quick Summary: Chapter 7 bankruptcy allows individuals to discharge most unsecured debts. Creditor harassment is any aggressive or threatening communication from a debt collector. Wage garnishment is a legal procedure where a creditor obtains a court order to withhold part of your earnings from your paycheck to repay a debt.

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Better Credit Blog

FEBRUARY 5, 2021

When you get behind on payments, the person lending you money or providing services may turn your debt over to a debt collector. Others employ debt collectors like BRG. This type of third-party agency might: Buy your debts at pennies on the dollar, or. Here’s how: Ask for debt validation.

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Better Credit Blog

MARCH 1, 2021

Third-party collections agencies may also purchase your debts from institutions like BOA for pennies on the dollar. Debt collectors can send you letters and call and leave messages when debt reaches collections. The FDCPA keeps debt collectors from being abusive or threatening, and it encourages accurate reporting.

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Better Credit Blog

MARCH 1, 2021

Third-party collections agencies may also purchase your debts from institutions like BOA for pennies on the dollar. Debt collectors can send you letters and call and leave messages when debt reaches collections. The FDCPA keeps debt collectors from being abusive or threatening, and it encourages accurate reporting.

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Better Credit Blog

NOVEMBER 23, 2020

Using the strategies outlined below, you can say goodbye to debt collectors and get your score back on track. or FMS Corp, is a third-party debt collection agency headquartered in Tulsa, Oklahoma. When you fail to repay a debt, whether it’s a medical bill, student loan, or credit card balance, it eventually enters collections.

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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. Ask for proof. Bankruptcy.

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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. Get Professional Help.

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Collection Industry News

JANUARY 19, 2025

The rule will increase privacy protections and prevent debt collectors from using the credit reporting system to coerce people to pay bills they dont owe. Federal financial regulators later created an exception to this restriction, allowing creditors to consider medical debts.

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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. Repossessions. Foreclosure.

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Collection Industry News

MAY 16, 2022

Debt Collection. The Bureau also noted that certain debt collectors violated the FDCPA by misrepresenting or implying to consumers that they were responsible for paying charges on their accounts that were incurred as the result of fraudulent activity. The CFPB also found that certain auto servicers violated the UDAAP provisions.

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Collection Industry News

MAY 9, 2022

The CFPB sees wrongful repossessions everywhere. Per the report, recent examinations found that servicers engaged in unfair acts or practices when they repossessed vehicles after consumers took action that should have prevented the repossession. Failing to trigger refunds of GAP protection after a repossession.

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Sawin & Shea

JANUARY 25, 2022

When you fail to make payments on your secured debts and default, some creditors can immediately enforce their rights to seize your property without suing you. However, before a lawsuit is filed, lenders of unsecured debt will typically hire debt collectors in an attempt to recover what you owe.

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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. Because these issues are frequent with collections agencies , you need to realize that you are protected by the Fair Debt Collection Practices Act.

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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. Repossessions. Foreclosure.

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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. Hard inquiries.

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PDC Flow

MARCH 30, 2021

After starting as a collector, working paper files (yes, old fashioned paper) on repossessed vehicles in Buffalo, NY, at the impressionable age of 20, I have now worked in the call center industry for 26 years. It didn’t take me long at all to recognize ‘that face,’ the look people give when you tell them you are a debt collector.

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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. Repossessions.

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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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Collection Industry News

JULY 20, 2020

DEBT COLLECTORS, facing growing demands to freeze the collection of debt across the country amid the economic hardship caused by the coronavirus pandemic, are mobilizing their lobbyists to push back. In New York, residents are receiving a 30-day reprieve from the collection of state-owned medical and student debt.

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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. Foreclosures.

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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. Debt collectors are notorious for their pushy collection attempts, faulty reporting, and poor responses to debt validation requests.

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Better Credit Blog

AUGUST 7, 2020

The same is true for disputing collections accounts if a debt collector is contacting you. Debt collectors. Property repossession. The key to disputing an entry on your credit report is to act quickly as you have 30 days to seek validation for an entry on your credit report. Charge offs. Foreclosure. Late payments.

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Sawin & Shea

MAY 2, 2024

Whether you’re facing foreclosure , repossession, wage garnishments, or relentless creditor harassment, our expertise in bankruptcy law can offer the protection and relief you’ve been seeking. When Bankruptcy Makes Sense In some situations, bankruptcy provides much more powerful debt relief than any alternative.

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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. These agencies could: Purchase your debts for pennies on the dollar, or. You should also learn what your rights are under the Fair Debt Collection Practices Act. Repossessions.

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Sawin & Shea

DECEMBER 22, 2021

When you file, a court injunction known as automatic stay protects you from debt collectors.

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Better Credit Blog

SEPTEMBER 4, 2020

If you have heard from a debt collector called Rausch Sturm, you are probably being pursued for an old debt. This is because Rausch Sturm has been hired by your original creditor to collect the debt on their behalf. Verify the Debt. Begin by offering to pay Rausch Sturm half of the total amount of the debt.

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National Service Bureau

AUGUST 5, 2015

Skip-tracing tactics have traditionally been used by debt-collectors, bounty hunters, bail or bond enforcers, detectives, investigative journalists, repossession agents, and lawyers. A skip-tracer is a person who attempts to locate the whereabouts of the “skip.”

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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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Collection Industry News

APRIL 24, 2025

It will also improve privacy protections and prevent debt collectors from pressuring consumer to pay bills they dont owe. The bureau reports that, even though it leads to thousands of denied loan applications annually, medical debt is a poor predictor of a borrowers creditworthiness.

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Sawin & Shea

NOVEMBER 15, 2023

One of the benefits of declaring bankruptcy is that debt collectors cannot try to collect on debts that were discharged in bankruptcy. Secured Debt Secured debt would include things like: House mortgages Car/vehicle loans Some taxes Loans for furniture/appliances/large electronics Which type of debt is most often secured?

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Better Credit Blog

NOVEMBER 25, 2020

Debt collectors. Repossession. These companies are well-equipped to evaluate and improve your score, confronting creditors, and bureau representatives to get to the bottom of your credit issues. They can assist you with a lot more than a hard inquiry, with expertise in: Bankruptcy. Charge offs. Foreclosure. Payment history.

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Credit Corp

APRIL 2, 2024

Repairing your credit often requires more than responsible credit management—you also may need to have inaccurate negative items removed from your credit report, such as missed payments, debt collections, repossessions and more. You can handle the credit repair process yourself. What Is a Credit Lawyer?

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Better Credit Blog

JANUARY 29, 2021

Debt collectors. Repossession. There are several excellent credit repair companies that are experts at disputing inaccuracies and improving consumers’ credit scores. In addition to disputing hard inquiries, they can also assist you with: Bankruptcy. Charge-offs. Foreclosure. Poor payment history. Ads by Money.

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