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.
Troutman Sanders
NOVEMBER 20, 2023
The defendant rejected the proposed settlement, noting, however, that the original creditor was open to alternate repayment arrangements. The defendant responded stating that it had partnered with the original creditor to obtain repayment and that the debt had not been sold or transferred.
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FFGN COLLECT NY
DECEMBER 12, 2023
Gain insight from an attorney’s perspective to educate yourself on preserving your rights, especially if you feel they are threatened. Debt collectors must validate this information with the original creditor to avoid harassing consumers who don’t owe any debt. Debt buying is a common practice in New York.
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. We’ll also arm you with tools like Credit.com’s free credit report card to stave off the next wave of debt-related threats.
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.
Collection Industry News
MARCH 8, 2021
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. Check with the original creditor. A refusal to provide this information is another red flag. Is the debt yours?
Better Credit Blog
AUGUST 21, 2020
MRS BPO LLC is contacting you because they are now responsible for collecting a debt on behalf of your original creditor. They have either been hired by the original creditor to get you to make payments, or they purchased the debt for pennies on the dollar. Request Debt Validation.
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