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NJ Appellate Division Finds No Private Right of Action for Debt Purchaser’s Alleged Failure to Obtain State License

Troutman Sanders

In 2010, the defendant purchased the account and placed it with a law firm for collection. After receiving letters from the law firm, the plaintiff set up a payment plan, which she completed in 2013. The plaintiff later defaulted on her payment obligations and the account was “charged off.”

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CFPB Reaches Settlement With Debt Collector Over Deceptive Practices

Collection Industry News

According to the Bureau’s Consent Order, the Agency began purchasing and collecting on consumer debt beginning in 2012, and hired debt collection law firms to assist in their collection efforts by suing debtors in 2014.

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What Is a Judgment?

Credit Corp

Quasi in rem: Quasi in rem judgments consider the legal rights of individuals and not necessarily all parties involved. Credit repair services, like Lexington Law Firm*, can help you challenge the errors on your behalf with the credit bureaus and request that they correct your report. Credit Is Complicated.

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Personal Guarantees in Commercial Collection: How Helpful Are They?

The McHughes Law Firm

In addition, the waiver or postponement of a legal right by the creditor, such as the institution of a law suit to collect an overdue account, or the filing of a mechanics lien , will be construed as consideration by the courts in most jurisdictions. appeared first on McHughes Law Firm.

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Medical Debt Collection Harms Patient Finances

Collection Industry News

Marcott was assisted by ABC for Health, a nonprofit, public interest law firm in Madison. In a recent report reviewing 5,023 lawsuits to collect unpaid medical bills by five health systems in Wisconsin from 2017 to 2019, the firm found that health systems were always represented by attorneys, but less than 1% of patients were.