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Daily Digest – October 3. Collector Not Obligated to Notify Creditor of Dispute; Legal Challenges to Student Loan Debt Cancellation Plan Launched

Account Recovery

COLLECTOR NOT OBLIGATED TO NOTIFY CREDITOR OF DISPUTE A judge in Oklahoma has granted a motion to dismiss, ruling the defendant was not obligated under the Fair Debt Collection Practices Act to notify the original creditor that a debt was being disputed.

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What is Caine and Weiner?

Debt Collection Answers

Caine and Weiner is a prominent debt collection firm that operates across various sectors, gathering debts from a range of industries, including: Personal loans Phone bills Student loans Credit cards To secure his debts, Caine and Weiner acquire them from the original creditors at a reduced price, then pursue the entire amount from the debtor.

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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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How to Remove TransWorld Systems From Your Credit Report

Better Credit Blog

A good credit score allows you to get better rates on car or mortgage loans just to name a few. If you fall into hard times, the inability to pay off your credit card bills or student loans can result in your debts being transferred to a debt collection agency. Debt Validation.

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Does Paying Off Collections Improve Your Credit Score?

Credit Corp

When this happens, it means your debt has gone to collections and debt collectors from the collection agency will now try to contact you for payment. Some contracts may have a grace period where you can still pay your debt after it’s due.

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How to Remove EOS CCA from Your Credit Report

Better Credit Blog

They collect a variety of debts including those from banks, telecommunication companies, student loan providers, college and universities, and more. Even if you pay off the debt, EOS CCA’s collection account will not disappear from your credit report. Steps to Remove EOS CCA from Your Credit Report.

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How to Remove Sunrise Credit Services from Your Credit Report

Better Credit Blog

They are headquartered in Farmingdale, NY, and are known as a “late-stage” debt collector, which means they may have purchased the right to collect the debt from the original creditor. Although Sunrise Credit Services is indeed a legitimate debt collector , they are not thought kindly of by their customers.