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Judge Grants MTD in FDCPA Case Over References to Attorney Review in Letter

Account Recovery

Case: … The post Judge Grants MTD in FDCPA Case Over References to Attorney Review in Letter appeared first on AccountsRecovery.net.

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A phantom debt collection scam duped consumers out of more than $1 million. Here are 5 ways you can avoid falling victim

Collection Industry News

If you’re not aware of the Fair Debt Collection Practices Act, and you’re not aware of your rights as a consumer, it would be very easy for a scammer to conjure up all kinds of scenarios that would frighten you out of your mind,” McClary said. Keep good records of past debts. Know your rights.

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How Often Do Debt Collection Agencies Take You To Court? 5 Things to Know

Taurus Collect

Generally, the statute of limitations ranges from three to ten years, and once it has expired, the debt is considered “time-barred” and the collection agency can no longer legally collect on it. That’s where the Fair Debt Collections Practices Act comes in to protect you.

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Recommendations for Debt Collectors Working from Home

Nexa Collect

These laws and regulations may vary depending on the country or jurisdiction in which the debt collection agency operates. In the United States, for example, debt collectors must adhere to the Fair Debt Collection Practices Act (FDCPA).

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What Is a Debt Collector and Why Are They Contacting Me?

Taurus Collect

In the UK, debt collection companies operate under strict regulations set forth by the Financial Conduct Authority (FCA). These guidelines are designed to protect consumers and ensure fair debt collection practices. However, they may still try to recover the debt through communication with you.

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How Do I Send Debt to Collections?

Nexa Collect

Most collection agencies work to maintain proper standards, but some are better than others. Ensure the ones you’re considering are properly licensed according to your state’s licensing rules and follow the guidelines of the Fair Debt Collection Practices Act. Make Sure They Carry Adequate Insurance.

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CFPB Issues $4M in Penalties and Permanent Bans Against Predatory Collection Ring

True Accord

The FTC, along with more than 50 federal and state law enforcement partners, focused on several predatory collection methods, including “phantom debt collection,” a practice where companies were trying to collect debts they cannot legally collect or that a consumer does not owe.