article thumbnail

Recommendations for Debt Collectors Working from Home

Nexa Collect

They should be educated about the importance of data security and privacy. Avoid Harassment or Abuse : Collectors must avoid engaging in conduct that harasses, oppresses, or abuses any person in connection with the collection of a debt. Access Control : Implement strict access controls.

article thumbnail

FTC Cracks Down On Corrupt Debt Collectors

Collection Industry News

In a new initiative called Operation Corrupt Collector, the FTC and more than 50 partner agencies announced nationwide enforcement and education efforts to protect consumers from illegal debt collection practices. The collectors threatened them with legal action unless they made an immediate credit or debit card payment.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Often Do Debt Collection Agencies Take You To Court? 5 Things to Know

Taurus Collect

Generally, the statute of limitations ranges from three to ten years, and once it has expired, the debt is considered “time-barred” and the collection agency can no longer legally collect on it.

article thumbnail

Digital Operations Impact on Debt Collection, from Team Structure to ROI

PDC Flow

Like other Accounts Receivable professionals, Franklin found his career by accident when he accepted a collection job after college in 2005. He has a wide range of experience, including consumer, commercial, international and legal collections. In-house IT helps with software creation, data storage, etc.

article thumbnail

CFPB Settles with Encore for $15MM Civil Penalties and $78K Monetary Relief

Collection Industry News

The 2015 consent order also prohibited the defendants from filing collection litigation on accounts that were time-barred by the applicable statute of limitations. It also required that the defendants provide a specific time-barred debt disclosure if defendants were engaging in non-legal collection efforts on such accounts.

article thumbnail

How to Find All Your Debts: 4 Tips

Credit Corp

Whether mail went missing or communication about medical debt got mixed up, it’s possible an account with your name on it is languishing somewhere in collections. Get some tips to find out all your debts so you can make educated decisions about how to clean up your credit history. How to Find All Your Debts.