True Accord

APRIL 5, 2023

Directly impacting creditors and debt collectors, a January ruling from the District Court of Puerto Rico found that sending debt collection communications prior to any knowledge of a debtor’s bankruptcy filing is not a violation of the Fair Debt Collection Practices Act (FDCPA).

Student loans 119

Student loans Student Loans Credit Card Debt Loans 119

Direct Recovery

AUGUST 1, 2024

Consumer Debt Collection Basics Consumer debt collection describes debts that are owed by individuals, which can include anything from credit card balances and old utility bills to personal loans, medical debt, and mortgages.

Collections 59

Collections Debtor Fair Debt Collection Judgment 59

Troutman Sanders

OCTOBER 15, 2020

Axiom Acquisition Ventures, LLC (“Axiom”) bought Robert Valenzuela’s consumer debt from a bank after he allegedly defaulted on his personal loan payments. Axiom sent Valenzuela a letter informing him that his debt had been reassigned and instructing him to remit future payments to Axiom.

Debtor 40

Debtor Debt collector Acquisition Fair Debt Collection 40

Collection Industry News

OCTOBER 27, 2020

Axiom Acquisition Ventures, LLC (“Axiom”) bought Robert Valenzuela’s consumer debt from a bank after he allegedly defaulted on his personal loan payments. Axiom sent Valenzuela a letter informing him that his debt had been reassigned and instructing him to remit future payments to Axiom.

Debtor 40

Debtor Debt collector Acquisition Fair Debt Collection 40

Credit Corp

JUNE 1, 2023

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.

Collections 126

Collections Debt collector Collection Agencies Collections Agency 126

Debt Collection Answers

MAY 18, 2023

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.

Collection Agencies 52

Collection Agencies Collections Agency Student loans Student Loans 52

Debt Free Colorado

JUNE 18, 2024

Contact your friends, family, or employer about your debt. Publicly shaming you for not paying your debt. Falsely inflating the amount of debt you owe. The Fair Debt Collection Practices Act (FDCPA) is a federal law in the United States that protects consumers from creditor harassment.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Creditors Garnishment Unsecured Debt 52

Sawin & Shea

SEPTEMBER 27, 2023

The money earned from these sales then goes to the creditors and any remaining balances on the debts are discharged. If the court grants a judgment in favor of the creditor, they have additional collection options, such as wage garnishment, bank account levies, or placing liens on the debtor’s property.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Bankruptcy Debt collector Debtor 52

Collection Industry News

JUNE 14, 2023

There are several key consumer laws that collectors should be concerned with when engaging in debt collection practices. Fair Debt Collection Practices Act (FDCPA): The FDCPA sets standards for debt collection practices in the United States.

Debt collector 40

Debt collector Collections Fair Debt Collection Financial Institution 40

Credit Corp

SEPTEMBER 12, 2023

FAQ Consider Hiring a Credit Repair Company How Collection Accounts Impact Your Credit Collection accounts have a significantly damaging impact on your credit score because they’re negative marks that indicate to lenders you may not pay your bills on time—or ever.

Collections 92

Collections Collection Agencies Collections Agency Credit Bureau 92

Better Credit Blog

APRIL 1, 2022

If you make on-time payments on your other credit cards and personal loans, your good payment history will start to compensate for the bad, softening the blow of the repo. Negative information stays on your credit report for seven years from the day it appears in your file.

Repossession 76

Repossession Lender Loans Banks 76

Collection Industry News

JUNE 1, 2023

Governments and regulatory bodies continually strive to strike a balance between consumer protection and enabling efficient debt recovery. New regulations, such as the implementation of the Consumer Financial Protection Bureau (CFPB) in the United States, aim to ensure fair debt collection practices and enhance consumer rights.

Collections 40

Collections Collection Agencies Collections Agency Debtor 40

Collection Industry News

SEPTEMBER 23, 2020

And debt buyers often lack the necessary documentation to prove either that they have the right to pursue the claim or that the amount owed is accurate. If a debt buyer or collection agency has violated a consumer protection statute such as the Fair Debt Collection Practices Act (FDCPA)–and they often do–that provides leverage to fight back.

Collections 40

Collections Debt collector Chapter 13 bankruptcy Chapter 7 bankruptcy 40

FDCPA Defense

FEBRUARY 1, 2018

Attorneys and other entities that regularly engage in collection work for community associations may be subject to the requirements of the Fair Debt Collection Practices Act, 15 U.S.C. as well as analogous state laws governing the consumer collection process. See Bloom v. System, Inc., 2d 1067, 1068 (9th Cir.

Accrued Interest 40

Accrued Interest Foreclosure Debtor Debt collector 40

FDCPA Defense

FEBRUARY 3, 2019

Attorneys who regularly engage in collection work for community associations have increasingly become targets for lawsuits filed by professional consumer attorneys under the Fair Debt Collection Practices Act (“FDCPA” or “the Act”), 15 U.S.C. and analogous state laws. See Bloom v. System, Inc., 2d 1067, 1068 (9th Cir.

Foreclosure 40

Foreclosure Debt collector Law Firms Debtor 40

Better Credit Blog

APRIL 5, 2022

Ask the Collection Agency to Validate the Debt. If you can’t find inaccuracies on your credit reports, write to the collection agency and ask it to validate your debt. The main issue here is that you have only 30 days to make the request after the collection agency first contacts you.

Collections 98

Collections Collection Agencies Collections Agency Original Creditor 98

Credit Corp

MARCH 4, 2025

Understand Your Rights Under the terms of the federal Fair Debt Collection Practices Act (FDCPA) , creditors and debt collectors arent legally allowed to: Harass or abuse you: This includes using threats, obscene language, or repeated calls. Go to the negotiating table with a firm figure in mind.

Creditors 52

Creditors Debt collector Debt settlement Original Creditor 52