Collection Industry News
JUNE 1, 2023
These technologies enable debt collectors to automate repetitive tasks, streamline workflows, analyze data more effectively, and personalize communication with debtors. Analyzing vast amounts of data allows agencies to identify trends, assess debtor creditworthiness, and predict repayment probabilities.
Sawin & Shea
MARCH 7, 2023
This includes debts such as credit card balances, medical bills, personal loans, utility bills, back rent, mortgages, and car payments. Also, if you have a debt that is a lien against collateral (a car loan, a mortgage loan), the creditor can force a return of that collateral to try and partially satisfy their debt.
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FDCPA Defense
FEBRUARY 3, 2019
1992) (emphasis added, citation and quotation marks omitted) (personal loan from friend used to start software business not a “debt” under the Act: “Neither the lender's motives nor the fashion in which the loan is memorialized are dispositive of this inquiry.”). 2012) (intent of debtor at time of purchase controls).
FDCPA Defense
FEBRUARY 1, 2018
One line of cases creates a duty to disclose to the debtor that the amount of the debt may be increasing due to accruing interest, fees or other charges. To avoid confusion to the debtor, the Avila Court held that use of the “safe harbor” language from the Miller case would be sufficient. Riexinger & Associates, LLC , 817 F.3d
Credit Corp
SEPTEMBER 12, 2023
When a lender doesn’t receive payments for a line of credit, like a credit card or personal loan, they may choose to eventually sell that credit to a debt collection agency to get some of their money back. Credit.com may receive compensation if a subscriber signs up for Lexington Law Firm services.
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