Collection Industry News

DECEMBER 18, 2022

The government said the programme, which was due to close at the end of December, would help buyers “navigate difficult times” It was originally designed to encourage lenders to give home loans to people offering a 5% deposit – a product that was far less available during Covid.

Repossession 40

Repossession Lender Government Loans 40

Troutman Sanders

NOVEMBER 18, 2022

Because student loans are largely administered by the federal government, we know more about them too. For example, publicly available repossession data is based on proprietary estimates and does not provide a level of specificity that allows for deeper analysis. But, despite its size, we know much less about the auto lending market.

Collections 98

Collections Lender Student loans Student Loans 98

Sawin & Shea

JANUARY 18, 2023

Filing Chapter 7 bankruptcy provides you with an automatic stay that prohibits creditors from being able to take any action to collect a debt against you, such as repossessions, wage garnishment, and legal action. What Happens After You File Chapter 7 Bankruptcy? Additionally, your creditors will not be allowed to contact you.

Chapter 7 bankruptcy 81

Chapter 7 bankruptcy Bankruptcy Chapter 13 bankruptcy Unsecured Debt 81

Sawin & Shea

JULY 8, 2020

The kinds of debt that can typically be eliminated are credit card debt, medical bills, utility bills, evictions, repossessions, and personal loans. These include child support, alimony, government fines and fees, drunk driving debts, some taxes, criminal fines and restitution, and any penalties you may owe for a willful or malicious act.

Chapter 13 bankruptcy 133

Chapter 13 bankruptcy Student loans Student Loans Bankruptcy 133

Sawin & Shea

NOVEMBER 24, 2021

It goes into effect immediately when you file and protects you from those trying to collect from you, such as creditors, collection agencies, government entities, or any other person coming after you for money. Exceptions to an Automatic Stay. When the automatic stay is lifted, your creditors can resume certain types of collection activity.

Bankruptcy 52

Bankruptcy Garnishment Repossession Foreclosure 52

Sawin & Shea

NOVEMBER 24, 2021

It goes into effect immediately when you file and protects you from those trying to collect from you, such as creditors, collection agencies, government entities, or any other person coming after you for money. Exceptions to an Automatic Stay. When the automatic stay is lifted, your creditors can resume certain types of collection activity.

Bankruptcy 52

Bankruptcy Garnishment Repossession Foreclosure 52

Troutman Sanders

JANUARY 5, 2023

Because GAP is tied to the term of the customer’s finance agreement, the purchaser is often entitled to a refund of the “unused” portion of GAP if the finance agreement ends early, for example, if the buyer pays off the car loan early or if the car is repossessed. Ketan Bhirud. Stephanie Kozol.

Credit Unions 52

Credit Unions Credit Unions Financial services Repossession 52

Troutman Sanders

APRIL 24, 2023

In its analysis, the court noted initially the complaint’s admission that the plaintiff had failed to make payments on her loan since 2021, which resulted in the vehicle being repossessed and sold at auction.

Loans 52

Loans Repossession Secured Creditor Construction 52

Debt Free Colorado

MARCH 10, 2023

They are encouraged to short-sell by lenders, and the government is pushing for repayment plan negotiations, which gives them hope. A planned foreclosure or repossessed property can be prevented right away with either a Chapter 7 bankruptcy or a Chapter 13 bankruptcy. Yet, fewer than 10% of these efforts succeed. Definitely not.

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Debtor 52

Troutman Sanders

MAY 5, 2022

The CFPB sees wrongful repossessions everywhere. Per the report, recent examinations found that servicers engaged in unfair acts or practices when they repossessed vehicles after consumers took action that should have prevented the repossession. Failing to trigger refunds of GAP protection after a repossession.

Financial Institution 52

Financial Institution Repossession Debt collector Lender 52

Sawin & Shea

MARCH 9, 2022

Some examples of unsecured debts include, but are not limited to, repossessions deficiencies, old lease balances, medical bills, cash advance loans, and credit card debts. Firstly, you need to understand the difference between unsecured and secured debts. Unsecured debts refer to debts that don’t have collateral.

Chapter 13 bankruptcy 102

Chapter 13 bankruptcy Bankruptcy Unsecured Debt Collateral 102

Collection Industry News

MARCH 21, 2022

Already with a heightened interest in vehicle repossessions , the Consumer Financial Protection Bureau (CFPB) announced changes last week to its supervisory operations involving what it deems to be illegal discrimination, including in situations where fair lending laws may not apply. Source: site.

Repossession 40

Repossession Financial Institution Government Banks 40

Sawin & Shea

JULY 19, 2023

Chapter 13 , or reorganization bankruptcy, stops repossessions and foreclosures so you can save your home or investment. Government employers can’t refuse to hire you because you filed for bankruptcy, but private companies can. Chapter 7 bankruptcy also stops lawsuits and wage garnishments. How Does Bankruptcy Affect Future Employment?

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Garnishment 52

UK debt collections

NOVEMBER 16, 2023

It can have serious implications for individuals and their families, as it can lead to bankruptcy or repossession. These government-backed initiatives can help debtors deal with their debts in an official and legal way. This may be due to a lack of income, unexpected expenses or simply not keeping up with payments.

Bankruptcy 59

Bankruptcy Debtor Unsecured Debt Repossession 59

Debt Free Colorado

APRIL 9, 2020

They will feel obligated to protect their interest in the collateral (your car) and can move quickly to repossess after only a few missed payments. You’ll have more flexibility with a nationwide loan servicers like Toyota, Ally, or Santander than you will with a buy-here-pay-here lender, but their sympathy is limited. Your Mortgage.

Student loans 82

Student loans Student Loans Chapter 13 bankruptcy Chapter 7 bankruptcy 82

Fico Collections

JULY 12, 2021

Loans, grants, and job protection schemes provided by governments around the world during the past 18 months have eased the financial burden of the pandemic, for both businesses and their consumers. But as UK government measures to support companies unwinds, many lenders' are likely to have a far clearer picture of the pandemic on finances.

Collections 52

Collections Lender Repossession Banks 52

Collection Industry News

MAY 9, 2022

The CFPB sees wrongful repossessions everywhere. Per the report, recent examinations found that servicers engaged in unfair acts or practices when they repossessed vehicles after consumers took action that should have prevented the repossession. Failing to trigger refunds of GAP protection after a repossession.

Financial Institution 40

Financial Institution Repossession Debt collector Student loans 40

Jimerson Firm

NOVEMBER 27, 2023

Florida courts have held that once the creditor repossesses the collateral, he cannot refuse to sell it; he must take it in satisfaction of the debt or dispose of it in a commercially reasonable manner and credit the debtor’s account. One of these is transferring the collateral to itself as a way of “disposing” it. This is ill-advised.

Secured Creditor 59

Secured Creditor Collateral Creditors Debtor 59

Titan Consulting

AUGUST 23, 2020

When government assistance is not providing enough income to cover job losses, should you file for bankruptcy or hold out for the economic recovery? Slash spending : The widely available payment relief, government stimulus checks, and bonus unemployment payments are temporary measures to help you endure the current economic crisis.

Chapter 13 bankruptcy 86

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 86

Sawin & Shea

JUNE 21, 2023

Removal of your automatic stay protection : You’ll no longer have protection from your creditors, potentially leaving you vulnerable to wage garnishment, debt collection lawsuits, repossessions, and foreclosures. That said, filers cannot discharge all of their debts through Chapter 13.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Debtor 52

PBWT

JANUARY 19, 2021

In 2019, we began following a Circuit split regarding a secured creditor’s obligation to return collateral that it lawfully repossessed pre-petition after receiving notice of a debtor’s bankruptcy filing. by the existence of a separate provision, §542, that expressly governs the turnover of estate property.”

Bankruptcy 65

Bankruptcy Debtor Creditors Repossession 65

Debt Free Colorado

OCTOBER 12, 2023

This information includes your gross income for the past two years and year to date, current lawsuits, safe deposit boxes, past foreclosures and repossessions , property transfers, assets held for other people, closed bank accounts, and business information. You can start over because of that.

Bankruptcy 52

Bankruptcy Collateral Chapter 13 bankruptcy Chapter 7 bankruptcy 52

UK debt collections

JUNE 10, 2022

My wife and I, we weren’t drawing any wages out of the business, we were six months late on our mortgage and our house was going to be repossessed. She added: “The UK government is resisting legislation that would ensure brands and retailers have legal and financial responsibility for workers in their supply chain.

Retail 52

Retail Creditors Repossession Manufacturing 52

Burr Forman

DECEMBER 4, 2020

With new and impending changes in both the economic and political landscape, financial institutions have had to adapt to ever-changing policies governing consumer loan servicing and debt collection. The new bill issued a moratorium on evictions, foreclosures, and repossessions, which expired on June 30, 2020.

Financial Institution 52

Financial Institution Garnishment Collections Foreclosure 52

Better Credit Blog

FEBRUARY 15, 2021

Government fines and fees. Repossessions. Though you may be unfamiliar with Fairway, the agency collects on a wide range of consumer debts, including the following: Health insurance billing and follow-up. Self-pay collections. Education loans, tuition, fines and fees. Parking tickets. Utility bills. Checking and savings. Credit cards.

Collections 74

Collections Collection Agencies Collections Agency Debt collector 74

Better Credit Blog

FEBRUARY 12, 2021

When you skip out on paying a toll and the government is unsuccessful at trying to collect payment from you, your fines will be turned over to collections. Repossession. Instead, you should use one of the strategies below to ensure that EZ Pass Collections gets removed ASAP. How Does EZ Pass Collections Work? Foreclosure. Charge offs.

Collections 52

Collections Collection Agencies Collections Agency Debt collector 52

Better Credit Blog

JANUARY 29, 2021

Repossession. Whenever you suspect identity fraud, you can report it to the government, placing a freeze on your reports and alerting the bureaus to the situation. If you’re dealing with more complex credit issues and feel that you’re in over your head, they’re well-equipped to assist you. Charge offs. Debt collections entries.

Lender 52

Lender Loans Repossession Foreclosure 52

Better Credit Blog

OCTOBER 5, 2020

Repossessions. Government. Credit repair companies provide top-notch service at reasonable prices, helping you with every step of repairing your credit. They can talk to debt collectors for you, dispute debts, and help you recover from negative entries from: Charge offs. Bankruptcies. Identity theft. Who Does Penn Credit Collect For?

Third-party Debt Collectors 53

Third-party Debt Collectors Debt collector Collection Agencies Collections Agency 53

Better Credit Blog

FEBRUARY 12, 2021

Government. Repossessions. While you may not be familiar with the agency, they collect for popular lenders and providers across several markets. If you have outstanding debt in any of the following industries, you could be contacted by EPR: Banking. Commercial. The company’s address is below: 12100 N.E. Bothell, WA 98011. Bankruptcies.

Collection Agencies 52

Collection Agencies Collections Agency Debt collector Lender 52

Collection Industry News

JULY 20, 2020

The momentum has reached the federal government. Debt collection activities, including legal proceedings, garnishments, repossessions, and debt selling, must be prohibited during the state of emergency. Consumers should be able to stop automatic payments.

Garnishment 40

Garnishment Collections Debt collector Accounts Receivables Management 40

Sawin & Shea

APRIL 10, 2024

Common types of dischargeable debt include: Credit card debt Medical debt Repossessions Judgements Evictions Unpaid phone bills Personal loans Unpaid utility bills What Debts Can I Not Discharge in Chapter 7 Bankruptcy? They cannot file for Chapter 7 bankruptcy if they’ve already filed within the past eight years.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Bankruptcy Debtor Unsecured Creditor 52

BN Lawyers

MARCH 23, 2020

These parties could foreclose or repossess the property securing the loans. They could lock you out of your location or repossess equipment. Secured lenders are the lenders with liens against the real estate, equipment, accounts, or other property of the business. Lessors are the parties who lease property used in the business.

Bankruptcy 67

Bankruptcy Creditors Lender Lawyers 67

Debt Free Colorado

MARCH 3, 2023

What Can’t Bankruptcy Do? Not all financial issues can be resolved through bankruptcy.

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Credit Counselor Chapter 7 bankruptcy 52

Debt Free Colorado

DECEMBER 9, 2021

The United States Bankruptcy Code governs both chapter 7 and chapter 13 bankruptcy. Occasionally, creditors may refuse to repossess little goods due to the expense of picking them up. Even if you have been discharged, unpaid debts may result in foreclosure or repossession. However, there are significant distinctions.

Chapter 13 bankruptcy 75

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 75

Troutman Sanders

JULY 25, 2023

The plaintiffs argued that a reporting requirement would enable the government to identify both parties in a transaction when coupled with public information on the blockchain, which infringes upon their right to keep information not subject to the disclosure private, and violating constitutional rights to privacy.

Financial services 52

Financial services Trade Repossession Lender 52

Fico Collections

JANUARY 26, 2022

While Government will likely take a hand in directing the pace of some collection activities, others will be determined by the debt holder. In this environment, Government agencies will likely continue to keep some curbs on the collection industry as the economy and consumers get back on their feet. Student Loan Challenges.

Collections 52

Collections Student loans Student Loans Government 52

Troutman Sanders

OCTOBER 12, 2023

Auto Loans: Examiners founds that some auto servicers failed to ensure consumers received refunds for add-on products, such as vehicle service contracts, guaranteed asset protection (GAP), or credit-life insurance, following early loan termination or repossession. California SB 478: Fees are not just a priority for the federal government.

Financial Institution 52

Financial Institution Repossession Trade Loans 52