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. collects on a wide range of debts from several industries, including: Education. Retail cards. Medical debt.

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True Accord

JULY 22, 2020

consumers—to better understand how consumers were engaging with their debts and what it tells us about the future of the industry. Before consumers even consider paying a debt, they start engaging with the debt collector. We turned to our data—aggregated across more than 12 million U.S. Nearly 80% of U.S.

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Better Credit Blog

AUGUST 31, 2020

If you’ve been contacted by GC Services, they are probably pursuing you for an old debt. Dealing with debt collectors is stressful, but the harassing phone calls are only the tip of the iceberg. Being pursued for an old debt means that GC Services has opened up a collections account on your credit report.

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Better Credit Blog

OCTOBER 2, 2020

While calls from debt collectors are annoying, they are the least of your worries. This means negotiating with the debt collector, which many people don’t know how to do. In terms of clientele, Aargon Agency Inc collects on behalf of banking, entertainment, finance, medical, real estate, retail, and utility industries.

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Debt Collection Answers

MAY 18, 2023

The Fair Debt Collection Practices Act (FDCPA) and other laws provide you with rights and protections that you can use to fight back against such behavior. When dealing with a debt collector like ARS National Services, confirming that the debt is yours is important. What is Associated Recovery System Collection?

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Better Credit Blog

AUGUST 7, 2020

When a debt collection agency contacts you, it also does damage to your credit score. While owing money to a debt collector can harm your credit score and confronting the agency might seem like a daunting task, there’s no need to worry. Mail RCS a Debt Validation Letter. How Does Reliant Capital Solutions Work?

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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

AUGUST 21, 2020

Radius Global Solutions is a medium-sized debt collection agency that is headquartered in Edina, MN. You may hear from them if you have debt in health care, retail, financial services, education, or utilities. A debt collector is more likely to do you a favor if you ask nicely rather than if you demand a deletion.

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Better Credit Blog

OCTOBER 21, 2020

ARI collects on a variety of debts, like: Bankruptcy. Credit card debt. Retail debt. When you fall behind on payments, your debt could be turned over to a collections agency like ARI. In addition to diminishing your creditworthiness, having debt in collections can make your everyday life pretty stressful.

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Better Credit Blog

OCTOBER 21, 2020

ARI collects on a variety of debts, like: Bankruptcy. Credit card debt. Retail debt. When you fall behind on payments, your debt could be turned over to a collections agency like ARI. In addition to diminishing your creditworthiness, having debt in collections can make your everyday life pretty stressful.

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Troutman Sanders

NOVEMBER 1, 2021

28, 2021) , plaintiff Roberta Bordeaux, on behalf of herself and a class of similarly situated persons, asserted that defendant debt collector LTD Financial Services LP (LTD) violated the Fair Debt Collection Practices Act (FDCPA) by sending collection letters, referencing potential tax reporting consequences of accepting a debt settlement.

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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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Collection Industry News

JULY 20, 2020

As the retail and hospitality industries are decimated because of COVID-19 , millions of people face the coming months with utter fear. Given the hardships that many are undergoing, knowing some debt collector is coming after you isn’t exactly what you need. But does she need treatment? (An Screenshot by ZDNet.

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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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True Accord

OCTOBER 10, 2023

Key Indicators and Consumer Spending According to the New York Fed’s Quarterly Report on Household Debt and Credit , total household debt increased in the second quarter of 2023 by $16 billion (0.1%) to $17.06 Credit card balances increased by $45 billion from Q1 2023 to a series high of $1.03 trillion in Q2, a 4.6% quarterly increase.

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Taurus Collect

AUGUST 19, 2020

With COVID, you need to be wary of certain industries that are susceptible to decline such as hospitality, and retail. Do not take on large volumes of debt from these industries unless you are sure they have the financial backing. Debt collector companies.

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Better Credit Blog

FEBRUARY 25, 2021

Over the past 50 years, FFCC has collected debts in the following industries: Business to business. 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.

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Better Credit Blog

FEBRUARY 12, 2021

If you have outstanding debt in any of the following industries, you could be contacted by EPR: Banking. 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.

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Troutman Sanders

OCTOBER 30, 2023

This bill would instruct the Consumer Financial Protection Bureau (CFPB) and the Government Accountability Office to conduct a study on BNPL and EWA services to help determine the degree to which consumers are utilizing both services for retail purchases. For more information, click here. For more information, click here.

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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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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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Troutman Sanders

MAY 9, 2023

Strengthen Retail (Consumer) Investor Protections. The bill would require digital asset firms to publish and distribute a prospectus that includes material information related to the firm’s business, financial condition, results of operations, risk factors, and conflicts of interests.

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Collection Industry News

JANUARY 13, 2024

Auto loan and mortgage debt increased by 4%, while student loan debt saw a modest rise of 1.6%. Household debt in the “Other” category — which includes retail cards and other consumer loans — also saw a substantial increase of 7.7% Seek professional help: If it’s too much, get a debt attorney. over the same period.

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True Accord

JANUARY 10, 2024

Other balances, which include retail cards and other consumer loans, increased by $2 billion. Growing debt balances, stubborn interest rates and elevated prices are still a thorn for consumers, and contribute to their overall financial stability. Breaking it down, credit card balances increased by $48 billion to $1.08

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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. Debt collectors. In the article below, we’ll break down the details of the NTB/CBNA credit card, how a hard inquiry works, and what you can do to get an inaccurate inquiry off your report. Charge-offs.

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Better Credit Blog

JANUARY 15, 2021

Debt recovery. Retail financing. Debt collectors. When your credit report is accessed in the application process for a loan, a hard inquiry is placed on your credit report. The agency works with providers and lenders in several industries, such as: Auto. Installment loans. Ask Lex Law for Help. Charge offs. Foreclosure.

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Better Credit Blog

OCTOBER 28, 2020

eBay Mastercards are issued by Synchrony Bank, a massive national bank offering several retail cards. Credit repair companies are staffed with individuals who are experts at confronting lenders, debt, collectors, and the credit bureaus to improve your credit score. How Long Will a Hard Credit Check Stay on My Report?

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Better Credit Blog

JANUARY 5, 2021

They partner with over 145 retailers and financers to offer cards and credit accounts. Debt collectors. To help provide relief, Lending Club Patient Solutions offers flexible payment plans with over 23,000 providers nationwide. The credit accounts are issued by Comenity Capital Bank. Late payments. Bankruptcy. Foreclosure.

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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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Collection Industry News

MAY 11, 2021

Miller, a Kenmore debt collector, is under investigation by federal Homeland Security Investigations agents for alleged wire fraud in connection with unlawful debt collecting. A Kenmore debt collector may have ended up hounding the wrong guy for a debt his mother allegedly owed. Provided by Mark M.

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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. Consumer debts.

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Better Credit Blog

SEPTEMBER 2, 2020

They could be the key to transforming your credit score and getting debt collectors off your back. When Avante and other debt collectors contact you, you need to have a solid game plan for getting the collection removed from your credit report. Send Avante USA a Debt Validation Letter. The best part?

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Troutman Sanders

DECEMBER 19, 2023

On December 12, the FTC announced that it had finalized a new rule — the Combating Auto Retail Scams (CARS) Rule — addressing two types of illegal tactics consumers allegedly face when buying a car: bait-and-switch tactics and hidden junk fees. For more information, click here. For more information, click here.

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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. They can dispute negative entries, confront debt collectors, and take all the necessary steps to improve your credit, whatever shape it might be in. Barnes & Noble. Diamond Resorts.

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Troutman Sanders

JULY 26, 2021

The guidance resulted from concerns that debt collectors would seize the funds. Notices to cure have been issued to entities, including data brokers, marketing companies, businesses handling children’s information, media outlets, and online retailers. For more information, click here.

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