Education Lender Loans Original Creditor 
Collection Industry News
AUGUST 8, 2022
15 provides the Private Student Loan Collections Reform Act, which is contained in Sections 1788.200 to 1788.211. Section 1788.203 requires all settlement agreements between a private education lender or private education loan collector and a debtor to be documented in open court or otherwise reduced to writing.
Credit Corp
FEBRUARY 23, 2024
An example of zombie debt is a three-year-old loan that should be paid off. This guide will teach you how to deal with debt collectors and educate you on the laws relating to outstanding debt. It may be possible to settle zombie debt with your original creditor. However, this does not influence our evaluations.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Better Credit Blog
SEPTEMBER 21, 2020
AR Resources is a debt collector that has been hired on behalf of the original creditor. They can affect your score for up to seven years after you pay the balance of the debt, and they can be viewed by future lenders who can make loan decisions based on your history of nonpayment.
Better Credit Blog
SEPTEMBER 9, 2020
It can also serve as a reminder to future lenders that you have a history of not paying bills. This can mean that you may be passed over for loan and credit card approvals in the future. By educating yourself, you are setting yourself up for smoother sailing with Sunrise Credit Services down the line.
Better Credit Blog
AUGUST 31, 2020
They are a third-party debt collector, which means that they may be hired by your original creditor, or they may purchase your old debt on the chance that you pay them instead. This means that you could be denied credit cards, mortgages, and other financial loans down the road. What is ConServe? Hire a Professional.
Expert insights. Personalized for you.
40 
Let's personalize your content