Account Recovery
NOVEMBER 22, 2021
The California Department of Financial Protection & Innovation is seeking comments on a proposed rulemaking that would require four different industries to be registered with the state in order to operate — debt settlement services, student debt relief services, education financing, and wage-based advances.
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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Collection Industry News
APRIL 22, 2023
The government has already started implementing the settlement. The application at the Supreme Court was filed by Everglades College, Lincoln Educational Services Corp. The Justice Department, representing Cardona, said in court papers that the settlement only involves borrowers and the Education Department.
Credit Corp
FEBRUARY 9, 2024
Debt relief won’t hurt your credit alone. Debt relief and debt settlement options don’t hurt your credit score on their own. These programs aim to help reduce your debt and if that debt is revolving credit, it can reduce your credit utilization and improve your credit.
Titan Consulting
AUGUST 23, 2020
If you do not qualify for a Chapter 7 bankruptcy to liquidate your debts, you may be required to pay back a significant portion of your debts under a Chapter 13 Bankruptcy, and still suffer the negative impact to your credit score. Why is a Chapter 13 Bankruptcy Worse a Debt Settlement Program?
Sawin & Shea
AUGUST 24, 2020
Debt negotiation means your creditor has agreed to accept less than the full amount of your debt as payment– it also means debt collectors can’t harass you for your payments. Debt settlement with the wrong organization or a scam can destroy your credit. What do you need to keep in mind though?
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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