True Accord

NOVEMBER 13, 2023

Interestingly, this update contains revisions that are similar to the New York Department of Financial Services (NYDFS) proposed amendments to New York’s debt collection law, 23 NYCRR 1, that NYDFS released last year. This updated amendment changes significantly more than the first proposed amendment released by NYC DCWP last year.

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Debt collector Creditors Collections Original Creditor 111

Better Credit Blog

APRIL 1, 2022

They recently acquired Alltran Financial Services in 2020. They also might be charging you the full amount in order to make a profit, since credit collection agencies typically buy collection accounts at a discount from the original lender. If you can, try to settle with the original creditor. Ads by Money.

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Collection Agencies Collections Agency Garnishment Fair Debt Collection 77

Katabat

JANUARY 24, 2020

The conference, occurring February 3–6, 2020, brings together key participants in the receivables management industry, including debt buying companies, collection agencies, collection law firms, brokers, originating creditors, and affiliates.

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Troutman Sanders

MARCH 22, 2023

An Illinois federal district court recently denied a creditor-defendant’s motion for summary judgment in a Fair Credit Reporting Act (FCRA) case brought by a consumer who questioned why his debt was being reported twice — as both a tradeline with the original creditor and as a tradeline with a third-party collection agency.

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Judgment Credit Unions Credit Unions Collection Agencies 52

Better Credit Blog

AUGUST 22, 2020

CCS Offices is a company that collects debts on behalf of original creditor. They can affect your score for up to seven years after you pay the balance of the debt, and they can be viewed by future lenders who can make loan decisions based on your history of nonpayment.

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Debt collector Original Creditor Creditors Collection Agencies 53

Better Credit Blog

JULY 13, 2020

Nationwide Recovery Service is a debt collection agency that collects a variety of debt, including telecommunication, financial service, utilities, and medical bills. They are currently headquartered in Norcross, Georgia, but they were originally founded in 1979 in Texas.

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Debt collector Collection Agencies Collections Agency Fair Debt Collection 52

Better Credit Blog

APRIL 5, 2022

With some newer scoring models of FICO and VantageScore, they ignore a collection marked as “paid”, though many lenders still utilize older formulas that will still weigh a paid collection account against you. Collections accounts tell other creditors you let an old debt go three or maybe even six months without paying.

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Collections Collection Agencies Collections Agency Original Creditor 98