Account Recovery

APRIL 26, 2021

A District Court judge in Ohio has granted a defendant’s motion to dismiss a class-action lawsuit alleging it violated the Fair Debt Collection Practices Act by informing the recipient of a collection letter than payments made using a debit or credit card would be subject to a 3% transaction fee.

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Nexa Collect

JUNE 21, 2023

Fair Debt Collection Practices Act (FDCPA) : While primarily focused on the practices and behaviors of debt collectors, the FDCPA also contains provisions that protect consumers’ personal information. I will outline some general principles and specific regulations in the United States.

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True Accord

JANUARY 31, 2024

Let’s look at the challenges around right-party contact rates, consumer complaints, and the timely factors that make the challenges more detrimental to your business’s late-stage debt recovery. But beyond ignoring communication preferences, many consumer complaints actually equate to compliance violations.

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Debt RR

SEPTEMBER 27, 2020

Although commercial debtors do not enjoy the same level of protection as consumer debtors do, this does not mean they are left at the mercy of creditors and debt collection agencies (DCAs). The business debt collection laws protect them. Like the Fair Debt Collection Practices Act, the U.S.

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Nexa Collect

JUNE 25, 2023

Knowledge of Laws and Regulations : Debt collectors must be well-versed in the laws and regulations that govern debt collection in their jurisdiction. For example, in the United States, they must comply with the Fair Debt Collection Practices Act (FDCPA).

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Nexa Collect

JUNE 18, 2023

Compliance with Laws and Regulations : Medical collection agencies must comply with various laws and regulations such as the Fair Debt Collection Practices Act (FDCPA) which sets standards for how debt collectors must conduct themselves.

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Nexa Collect

JUNE 21, 2023

It’s also important to know your rights under the relevant laws, such as the Fair Debt Collection Practices Act (FDCPA) in the United States. Consulting with a financial advisor, credit counselor, or attorney can also be helpful in navigating the complexities of dealing with debt collection agencies.

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Taurus Collect

JUNE 12, 2023

This is particularly true when it comes to debt recovery collection agencies, who will often take legal action if they feel they’re not making progress in collecting the debt. That’s where the Fair Debt Collections Practices Act comes in to protect you.

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Troutman Sanders

MAY 5, 2021

Debt Recovery Sols. 22, 2021), the court dismissed a putative class action alleging violations of the Fair Debt Collections Practices Act, finding that the named plaintiff had not suffered a concrete injury, and therefore, he lacked standing to assert a claim. In Shepherd v. of Ohio, Inc. , 3:20-cv-520 (N.D.

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Nexa Collect

JUNE 23, 2023

It’s important for debtors to understand their rights under the Fair Debt Collection Practices Act (FDCPA) or any relevant laws in their country, as this can help protect them from harassment or unfair practices by collection agencies.

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Credit Management Company

JANUARY 25, 2022

After speaking with colleagues, you were told about the possibility of commercial debt collection agencies taking over. This is known as business-to-business debt, these firms specialize in debt recovery owed by businesses. This type of debt collection can be hard to understand at first.

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Nexa Collect

JUNE 23, 2023

Fear and Avoidance : Some debtors might react with fear, leading to avoidance tactics such as not answering the phone, which can potentially exacerbate the issue if it delays the resolution of the debt.

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Troutman Sanders

JANUARY 12, 2024

Link Debt Recovery, LLC (Link), Link initiated two separate debt collection lawsuits in 2020. Link filed a motion to dismiss asserting that it was properly registered under the UCAA in 2020 and, even if it was not, its collection activities did not violate the statutes.

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Taurus Collect

FEBRUARY 1, 2024

Whether you’re on the receiving end of a collection action or considering employing such services, understanding the mechanisms at play can help in navigating the often complex world of debt recovery. They are responsible for pursuing the repayment of debts on behalf of creditors.

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Troutman Sanders

SEPTEMBER 6, 2023

Columbia Debt Recovery, LLC , the plaintiff, a tenant under a residential lease agreement, vacated the premises early due to concerns over the property’s condition. In response, the property management company engaged a collection agency to recover the remaining amounts claimed as due and owing under the lease.

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Debt Collection Answers

MAY 18, 2023

This is especially relevant due to multiple consumer complaints alleging violations of the Fair Debt Collection Practices Act (FDCPA) against this agency. Capio Partners’ expertise lies in purchasing unpaid debts from healthcare providers and pursuing repayment from those who owe the amounts.

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Debt RR

SEPTEMBER 9, 2020

Collection agencies for small businesses are third-party establishments that collect overdue payments or funds from default accounts. What they can and cannot do when doing so are regulated by the Fair Debt Collection Practices Act. How Small Businesses Proceed with Collections.

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Troutman Sanders

JUNE 30, 2021

Columbia Debt Recovery , a Washington district court awarded each plaintiff $30,000 in emotional distress damages under the Fair Debt Collection Practices Act (FDCPA), $120 in treble actual damages under the Washington Collection Agency Act (WCAA) and the Washington Consumer Protection Act (WCPA), and $2,000 in statutory damages under the FDCPA.

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Credits Inc

OCTOBER 16, 2019

This reflects their effectiveness in debt collection as well as keeping you in business should you require their services. Here is a detailed guide to help you understand more about a debt collection agency. A debt recovery agency is a company licensed to recover funds that are past due on behalf of creditors.

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Debt RR

SEPTEMBER 9, 2020

Initiate the legal process: No legal action or harsh debt recovery techniques can be utilized before a debtor receives the collection letter. That is why we compiled tips on how to write a debt collection letter below: Understand the Legal Regulations. The Fair Debt Collection Practices Act is quite broad.

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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. Therefore, if you’re contacted by a debt collector, simply state that you understand your rights under the Fair Debt Collection Practices Act.

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Nexa Collect

JUNE 24, 2023

These laws and regulations may vary depending on the country or jurisdiction in which the debt collection agency operates. In the United States, for example, debt collectors must adhere to the Fair Debt Collection Practices Act (FDCPA).

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Collection Industry News

JUNE 1, 2023

Governments and regulatory bodies continually strive to strike a balance between consumer protection and enabling efficient debt recovery. New regulations, such as the implementation of the Consumer Financial Protection Bureau (CFPB) in the United States, aim to ensure fair debt collection practices and enhance consumer rights.

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Better Credit Blog

APRIL 1, 2022

Transworld Systems, Inc (TSI) is a well-known debt collection agency in the United States that works with individuals, large companies, and organizations to assist them in debt recovery and past due accounts. Debt Validation. They recently acquired Alltran Financial Services in 2020.

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Nexa Collect

AUGUST 6, 2020

Most collection agencies work to maintain proper standards, but some are better than others. Ensure the ones you’re considering are properly licensed according to your state’s licensing rules and follow the guidelines of the Fair Debt Collection Practices Act.

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Nexa Collect

JULY 2, 2020

A laboratory debt collection agency will be equally familiar with all the HIPAA compliance regulation that is required in these situations as they are with complying to debt collection practices such as the Fair Debt Collection Practices Act. Written Notices sent by a Collection Agency.

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Credits Inc

DECEMBER 11, 2018

From the start, debt collectors are trained to never harass or mistreat consumers. The Fair Debt Collection Practices Act (FDCPA) protects consumers from abusive, unfair, or deceptive conduct a bad debt recovery agency might display.

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Credit Management Company

FEBRUARY 22, 2022

As mentioned above, many debt collection agencies offer payment plans and avenues through which to pay. If you explain your circumstances, they’ll likely find ways to work with you to resolve your debt. Myth: The FDCPA Will Protect Any Debt Collector.

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Better Credit Blog

DECEMBER 29, 2020

is completely legitimate, and they aren’t going anywhere until you pay up – or you remove their collections account from your credit report. Before they are allowed to pursue you for debt recovery, they must first open a collections account with the major credit bureaus. is their collection tactics.

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Debt RR

AUGUST 3, 2020

Depending on the nature of the debt and how communicative the debtor is (or isn’t), commercial debt collectors can employ other tactics like investigating other debt and performing a skip trace on the owner to establish contact. What Businesses Need to Know About Texas Debt Collection Laws.

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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. What is Professional Finance Company? Understand Your Rights. Request a Goodwill Adjustment.

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Better Credit Blog

APRIL 5, 2022

Ask the Collection Agency to Validate the Debt. If you can’t find inaccuracies on your credit reports, write to the collection agency and ask it to validate your debt. The main issue here is that you have only 30 days to make the request after the collection agency first contacts you. Debt Recovery Solutions.

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