Better Credit Blog

OCTOBER 5, 2020

If that’s the case, debt validation should clear things up quickly. Even more good news: this approach can work even if the debt is legit. Since Penn is a third-party debt collector, it may not have the info on file that it needs to validate your debt. How Does Penn Credit Work? Government.

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Better Credit Blog

AUGUST 31, 2020

ConServe is a debt collection agency that may contact you regarding unpaid debts. 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.

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Troutman Sanders

OCTOBER 9, 2023

The FTC alleged that the defendants pretended to be affiliated with the Department of Education, charged illegal junk fees, and offered students loan forgiveness promises that were not fulfilled. The administration is also pursuing alternative paths to provide debt relief under the Higher Education Act. 364 et seq.

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Troutman Sanders

DECEMBER 21, 2021

Under the new guidance, credit unions could partner with a third party to allow members “to buy, sell, and hold various uninsured digital assets with the third-party provider outside of the [federally insured credit union].” For more information, click here. On December 16, U.S. For more information, click here.

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Better Credit Blog

FEBRUARY 2, 2021

If they are unsuccessful, your debt will go into collections, which can have a significant impact on your credit report. Some companies sell their debts to third-party debt collectors , while others, like BGE, have their own collections department.

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Collection Industry News

NOVEMBER 6, 2020

We have seen how crucial this flexibility can be over the past seven months, and focusing on third-party debt collectors in this rulemaking both protects consumers and means efficient, expeditious resolution by creditors, which in turn also benefits their customers.”.

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Better Credit Blog

FEBRUARY 19, 2021

In light of these issues, it’s important to educate yourself on the Fair Debt Collection Practices Act. This law prevents debt collectors from treating you unethically or making baseless claims regarding debts. This strategy is worth a shot whether you believe the debt is legitimate or not.

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