Collection Industry News

AUGUST 8, 2022

Section 1788.202 prohibits a private education lender or a private education loan collector from making any written statement to a debtor in an attempt to collect a private education loan unless the private education lender or private education loan collector possesses specified information, including 18 items.

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Student loans Student Loans Loans Education 40

Credit Corp

FEBRUARY 23, 2024

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. The original lender or collection agency fails to collect within the statute of limitations.

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Collection Agencies Collections Agency Debt collector Fair Debt Collection 52

Katabat

JANUARY 24, 2020

The conference, occurring February 3–6, 2020, brings together key participants in the receivables management industry, including debt buying companies, collection agencies, collection law firms, brokers, originating creditors, and affiliates.

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Debt Buying Law Firms Collection Agencies Collections Agency 52

True Accord

NOVEMBER 13, 2023

Consumers Prefer Digital Communication By and large, consumers prefer to communicate with their collection agencies digitally—they already predominantly communicate with their banks, creditors, and lenders digitally, so digital collection is a smooth transition.

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Debt collector Creditors Collections Original Creditor 89

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.

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Debt collector Healthcare Original Creditor Collection Agencies 52

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. Originally founded in 1985, ConServe is a medium-sized debt collector that is headquartered in Fairport, NY. What is ConServe? Hire a Professional.

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Third-party Debt Collectors Debt collector Creditors Original Creditor 52

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. Originally founded in 1975, Sunrise Credit Services is a medium-sized debt collection agency that employs about 600 employees. By educating yourself, you are setting yourself up for smoother sailing with Sunrise Credit Services down the line.

Debt collector 101

Debt collector Collections Loans Creditors 101