Remove Fair Debt Collection Remove Garnishment Remove Judgment Remove Original Creditor
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What Happens if you Ignore a Debt Collection Agency

Nexa Collect

If you ignore this or fail to defend yourself in court, a default judgment may be issued against you. This can lead to wage garnishment, bank levies, or liens against your property. Though they are generally not allowed to discuss the debt with anyone other than you (in countries with strong consumer protection laws like the U.S.),

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Dealing with Debt Collectors

Debt Free Colorado

Does Colorado Law Protect Me From Debt Collectors? When collecting a debt from you, collection agencies must adhere to federal and state rules. Fortunately, the federal Fair Debt Collection Practices Act (FDCPA) protects all states. What is the Federal Fair Debt Collection Practices Act (FDCPA)?

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What Is Zombie Debt and Why Is It a Problem?

Credit Corp

Zombie Debts and Judgments. If the original creditor went to court and obtained a judgment against you for a debt, the zombie debt cycle can be more complicated. First, judgments provide the creditor with the legal means to collect via actions such as wage garnishments or bank account liens.

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Can a Collection Agency Report to the Credit Bureau Without Notifying You?

Credit Corp

Can a collection agency report to a credit bureau without notifying you? Knowing illegal debt collection practices can help identify when you’re being treated unfairly. The Fair Debt Collection Practices Act is a federal law that protects consumers against certain unfair collection practices.

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How to Remove TransWorld Systems From Your Credit Report

Better Credit Blog

Numerous complaints state the company left over 25 voicemails on one customer’s phone alone in an attempt to collect a debt. Other complaints claim TSI threatened wage garnishment or property seizure, both of which they could not do. Debt Validation. If you can, try to settle with the original creditor.

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How To Remove Portfolio Recovery From Your Credit Report

Better Credit Blog

Portfolio Recovery buys multiple accounts with old debt from companies that have given up and “charged off” the accounts. In other words, when the original creditor has been unsuccessful in collecting on a debt, it will write off the debt as a loss. Make Them Prove the Debt is Yours.

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A Comprehensive Overview of How Commercial Debt Collection Agencies Work

Debt RR

Depending on the nature of the debt and how communicative the debtor is (or isn’t), commercial debt collectors can employ other tactics like investigating other debt and performing a skip trace on the owner to establish contact. This could lead to bank account garnishment.