Credit Corp

NOVEMBER 9, 2020

Can a collection agency report to a credit bureau without notifying you? The Fair Debt Collection Practices Act is a federal law that protects consumers against certain unfair collection practices. A collection account can significantly affect credit score. The answer might not be that simple.

Collection Agencies 105

Collection Agencies Collections Agency Credit Bureau Collections 105

National Service Bureau

APRIL 15, 2015

There were 5,452 improper disclosures reported in 2014. Of these, 1,346 related to credit card collections and 1,057 had to do with healthcare collections. Disclosures can be verbal on first contact with the debtor or via written notice submitted within five days of that first contact. 2: Communication tactics. And finally ….

Collection Agencies 40

Collection Agencies Collections Agency Collections Credit Card Collections 40

FDCPA Defense

MAY 6, 2014

The CFPB does not want debt collectors to tell consumers that paying their debts might help them to improve their credit score. Nor does the CFPB want collectors to encourage consumers to pay by informing them that their failure to do so might harm their credit. Not really. See 15 U.S.C. §§ 1681s-2(a)(7)(A)(i), 1681s-2(a)(7)(C)(ii).

Creditworthiness 40

Creditworthiness Debtor Debt collector Consumer Credit 40