Judge Grants MTD in FDCPA Case Over References to Attorney Review in Letter
Account Recovery
SEPTEMBER 29, 2022
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How Do I Send Debt to Collections?
Nexa Collect
AUGUST 6, 2020
While it’s smart to initially attempt collection on your own, there’s only so much work you should do. Trying to collect a bad debt is draining on your time and your resources. Eventually, it makes sense to pass the task on to a professional debt collection company.
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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
DECEMBER 4, 2022
Almost 2,000 consumers who were conned into paying debts they didn’t owe are in the process of getting their money returned to them. The phantom debt collection scheme — which used names including GAFS Group, Global Mediation Group and Mediation Services — pressured consumers to pay the false debts by threatening to take legal action against them. Request a debt validation letter. Keep good records of past debts. Negotiate existing debts.
CFPB Issues $4M in Penalties and Permanent Bans Against Predatory Collection Ring
True Accord
MAY 26, 2022
On May 23, 2022, the Consumer Financial Protection Bureau (CFPB), in partnership with the New York Attorney General, filed a proposed judgment against a debt collection enterprise with a history of deception and harassment to pay $4 million and be permanently banned from the debt collection industry.
Business Debt Collection Laws and their Connection to Commercial Debt
Debt RR
SEPTEMBER 27, 2020
The good news is that it is your right to collect on debts as long as you follow the right legal procedures. If you operate a B2B model, you are required to follow business debt collection laws. If you owe or another business owes you, you are in good company because this article discusses the nitty-gritty of business debt collection laws. What are Business Debt Collection Laws? The business debt collection laws protect them.
How To Remove Accelerated Financial Solutions from Your Credit Report
Better Credit Blog
OCTOBER 14, 2020
Has your credit score taken a dive due to debt in collections? When a collections agency like Accelerated Financial Solutions gets access to your debt, it can drop your score and make your day-to-day life more stressful. Apartment complex collections. Collections
CFPB, FTC, Federal and State Law Enforcement Crackdown on Corrupt Debt Collectors
Collection Industry News
OCTOBER 12, 2020
On September 29, 2020, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC), along with more than 50 federal and state law enforcement partners, announced a nationwide law enforcement and outreach initiative designed to protect consumers from phantom debt collection, and abusive and threatening debt collection practices. Legal News
How to Get BC Services off Your Credit Report
Better Credit Blog
JANUARY 27, 2021
BC Services is a third-party debt collector that has been hired by a healthcare provider to whom you owe money to get you to make payments on a debt. To legally collect a debt from you, they must first report the debt to the major credit bureaus. Collection
How To Remove ACS Inc From Your Credit Report
Better Credit Blog
NOVEMBER 24, 2020
The American debt crisis is a growing one. Especially since the start of this year, many Americans have been struggling to manage their bills or make payments on existing debts. If you have had an overdue bill move to collections, you may begin hearing from a company called ACS Inc.
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