Account Recovery

MAY 18, 2021

Under Agreement With CFPB appeared first on AccountsRecovery.net.

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Account Recovery

JANUARY 15, 2021

The Attorney General of Minnesota has obtained a settlement with a student loan debt relief company that illegally collected fees from individuals and misrepresented its services that will see the company pay the state more than $11,000 and cease operations in the state.

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Account Recovery

SEPTEMBER 1, 2021

AG Fines Debt Settlement Co. $1M Appeals Court Reverses Ruling For Plaintiff; Mass. 1M appeared first on AccountsRecovery.net.

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Titan Consulting

SEPTEMBER 22, 2020

Multiple state and federal agencies strictly regulate the debt settlement industry. All types of debt relief programs come with negative consequences, including non-profit credit counseling and bankruptcy, and will directly or indirectly negatively impact your credit score. State and Federal Regulations for Debt Settlement.

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Account Recovery

JULY 20, 2021

FDCPA Class Action Filed Against Law Firm, Debt Buyer; Bill Introduced in Ohio to Legalize Debt Settlement appeared first on AccountsRecovery.net.

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Debt settlement Law Firms Fair Debt Collection Collections 246

Troutman Sanders

DECEMBER 27, 2022

The attorney general of Massachusetts reached a settlement with a payment processing company that allegedly assisted a debt settlement company engaged in charging consumers premature and inflated fees. The change must be implemented within six (6) months of the settlement.

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Account Recovery

MAY 18, 2021

SDNY Judge Dismisses FDCPA Case; Debt Settlement Firm to Repay Consumers $5.4M appeared first on AccountsRecovery.net.

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Credit Corp

JULY 9, 2021

There are situations in which settlement will affect your score less than the available alternatives. How does debt settlement affect your credit? For what amount of time will the history of a settlement decision follow you? How Debt Settlement Works. Debt Settlement: Pros and Cons.

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Account Recovery

DECEMBER 2, 2020

Judge Denies MTD in FDCPA Case Over Reference to Creditor; CFPB Sues Debt Settlement Company appeared first on AccountsRecovery.net.

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Luftman, Heck & Associates.

JULY 24, 2021

An experienced debt settlement lawyer at Luftman, Heck & Associates helps you explore your options. Our Cleveland bankruptcy attorneys analyze your situation to determine the best solution to get you out of debt and into financial freedom. The post Do You Need a Debt Settlement Lawyer?

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Account Recovery

SEPTEMBER 7, 2023

The Attorney General of Minnesota yesterday announced that he has opened investigations into 52 different student loan debt relief companies that are suspected of violating Minnesota law. The companies […]

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Collection Industry News

JUNE 5, 2022

On May 26, 2022, the North Carolina Attorney General (NC AG) announced that it obtained a default judgment against a California-based debt settlement business, and its proprietor. The post North Carolina AG Permanently Enjoins Debt Settlement Business appeared first on Collection Industry News. Source: site.

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Debt Recoveries

SEPTEMBER 30, 2020

Call Debt Recoveries Australia on 1300 799 511 or email us at email@debtrecoveries.com.au for legal matters contact ADC Legal on 1300 799 820 or email at email@adclegal.com.au. If you need assistance with you debt collection, you can contact us. Email: email@debtrecoveries.com.au. Call Us: +61 1300 799 511.

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Direct Recovery

JANUARY 8, 2021

With that in mind, let’s take a quick look at the three common costs associated with any type of debt settlement agreement. The most obvious cost associated with any debt settlement agreement is the amount the creditor is willing to accept in order to clear the debt off of their books. The Upfront Cost of the Deal.

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Collection Industry News

APRIL 22, 2023

That plan, which would cost more than $400 billion and affect upward of 40 million borrowers, is significantly broader than the class-action settlement. The post Supreme Court allows $6 billion student loan debt settlement appeared first on Collection Industry News.

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Collection Industry News

MAY 16, 2022

According to the complaint, the defendants, a student loan debt relief business and a general debt-settlement company, along with their owner and CEO charged illegal upfront fees and deceived customers into paying for debt relief services in violation of the Consumer Financial Protection Act (CFPA) and Telemarking Sales Rule (TSR).

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Collection Industry News

JUNE 7, 2021

The company’s settlement offer wasn’t required under the Fair Debt Collection Practices …. The post Debt Settlement Offer Without Interest Notice Upheld as Lawful appeared first on Collection Industry News.

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Account Recovery

FEBRUARY 8, 2023

Having spent 14 years in the debt settlement industry, Jackson knows her way around collections. Janneen Jackson may be new to the accounts receivable management industry, but she is one of the most experienced rookies the industry has seen in a while.

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Collection Industry News

APRIL 27, 2021

On April 13, the CFPB entered into a preliminary settlement with an online debt-settlement company for allegedly violating the CFPA’s prohibition on abusive acts or practices and failing to clearly and conspicuously disclose total cost under the Telemarketing Sales Rule. Source: site.

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Account Recovery

APRIL 19, 2021

The Attorney General of Minnesota has reached a settlement with a student loan debt relief company that was accused of falsely promising student loan forgiveness which will see the company repay all the money it collected from customers in the state and cease operations in Minnesota until it registers as a debt settlement service provider.

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Account Recovery

FEBRUARY 9, 2023

Having spent 14 years in the debt settlement industry, Jackson knows her way around collections. GETTING TO KNOW JANNEEN JACKSON OF PHILLIPS & COHEN ASSOCIATES Janneen Jackson may be new to the accounts receivable management industry, but she is one of the most experienced rookies the industry has seen in a while.

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Account Recovery

NOVEMBER 23, 2020

The Consumer Financial Protection Bureau on Friday announce it had filed a lawsuit against a debt settlement company and its owners for allegedly taking money from customers before achieving the results it promised and deceiving individuals about “material aspects” of the services it provided.

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Better Credit Blog

FEBRUARY 11, 2022

Rated the best debt relief company on Trustpilot. A Guide to Debt Settlement Services. If you’re on the brink of bankruptcy, a final option before filing is to try the services of a debt settlement firm. As Experian notes , “Debt settlement is a risky process with no guarantee of success.”.

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Consumer Finance

MAY 16, 2021

The Consumer Financial Protection Bureau (CFPB) requested today that a federal district court enter a final judgment and order that, if entered by the court, would require DMB Financial, LLC to pay consumers at least $5.4 million for charging unlawful fees and failing to provide required disclosures to its customers, and a civil penalty.

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Consumer Finance

APRIL 28, 2022

Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed order to resolve its allegations that Performance SLC, a student loan debt relief business, and Performance Settlement, a general debt-settlement company, along with their owner and CEO, Daniel Crenshaw, engaged in wrongful fee-charging practices and deceptive telemarketing.

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Titan Consulting

SEPTEMBER 15, 2020

Bankruptcy can wipe out unsecured bills, leaving creditors with no way to recover the debt. Therefore, creditors of unsecured debt are often willing to accept less than the full balance owed if you are unable to pay off the balance in full. When Should You Consider a Debt Settlement Program ? How to Negotiate Your Debt?

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Consumer Finance

APRIL 12, 2021

The Consumer Financial Protection Bureau (CFPB) took action today against an online debt-settlement company for taking advantage of consumers, failing to disclose its relationship to certain creditors, and steering consumers into high-cost loans offered by affiliated lenders.

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Better Credit Blog

APRIL 11, 2022

Debt Settlement. The debt settlement method is closely related to DMPs, but there are differences. When you work with a debt settlement company, they create a savings account in which you contribute monthly payments. A debt settlement company is for-profit. Bankruptcy. bankruptcy.

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Troutman Sanders

MAY 18, 2021

On May 17, the Consumer Financial Protection Bureau (CFPB) announced a settlement with DMB Financial LLC, a Massachusetts-based debt-settlement company.

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Credit Corp

MARCH 16, 2021

Opt for Debt Settlement. Debt settlement is a popular debt relief method. In a debt settlement program, you can get out of your debt spiral with a lower payoff amount. The debt settlement companies negotiate with your creditors for a lower payoff amount in exchange for a lump sum payment.

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Consumer Finance

NOVEMBER 30, 2020

On December 1, 2020, the Consumer Financial Protection Bureau filed a lawsuit against DMB Financial, LLC alleging violations of the Telemarketing Sales Rule and the Consumer Financial Protection Act of 2010 in connection with its debt-settlement and debt-relief services.

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Consumer Finance

NOVEMBER 19, 2020

On November 20, 2020, the Consumer Financial Protection Bureau filed a lawsuit against FDATR, Inc., and its owners, Dean Tucci and Kenneth Wayne Halverson.

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Debt Guru

AUGUST 30, 2021

Debt Settlement. Most credible credit counselors warn consumers to stay away from debt settlement because it can further damage your credit score and isn’t even a guaranteed relief from your debt. This type of bankruptcy stays on your credit history for 7 years.

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Credit Corp

AUGUST 24, 2021

This might include options such as budgeting, debt settlement, consolidation loans, or debt management programs. If you work with your credit counselor to set up a debt management plan (DMP), you will make a monthly payment to your credit counselor who will pay your creditors on your behalf. Debt settlement.

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Taurus Collect

JUNE 12, 2023

In the UK, cash collection services can take several forms, including phone calls and letters requesting payment, negotiating a payment plan, or even offering debt settlement options. While it’s understandable to feel anxious about dealing with a debt collector, remember that they want to resolve the debt just as much as you do.

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Debt RR

APRIL 5, 2022

There are numerous preventative measures to take prior to a civil lawsuit for commercial debts. Rather than declaring bankruptcy when you owe considerable sums of money, commercial debt consolidation , commercial debt counseling, and commercial debt settlements are alternatives for businesses that strain to pay off debts past their due dates.

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Sawin & Shea

FEBRUARY 2, 2022

Also know that there is no legal protection from creditors in a debt management plan. Debt Settlement. Debt settlement is an option, but it should be the thing you consider last because it generally requires you to default with your creditors first.

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