article thumbnail

How Effective Are Collection Agencies?

Nexa Collect

When a debt passes from the original creditor to a collection agency, this escalation often makes debtors pay attention. There’s an implied threat when an agency gets involved that doesn’t exist with the original creditor. These are all benefits not afforded to the original creditor.

article thumbnail

How Effective Are Collection Agencies?

Nexa Collect

When a debt passes from the original creditor to a collection agency, this escalation often makes debtors pay attention. There’s an implied threat when an agency gets involved that doesn’t exist with the original creditor. These are all benefits not afforded to the original creditor.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Are Preferential Payments in Bankruptcy?

Sawin & Shea

To determine the best way to proceed, and whether Chapter 7 or Chapter 13 bankruptcy are right for you, you should meet with an experienced bankruptcy lawyer. A bankruptcy lawyer can help you create a strategy to protect your assets and ensure that your bankruptcy petition goes as smoothly as possible.

article thumbnail

Dealing with Debt Collectors

Debt Free Colorado

The Fair Debt Collection Practices Act (FDCPA) does not apply to original creditors or cover company obligations. The Colorado UCCC, in addition to the federal FDCPA, gives additional safeguards to original creditors, third-party debt collectors, and debt buyers.

article thumbnail

How to Handle Collection Calls

Sawin & Shea

There are also a few important things you should keep in mind about talking to collection companies and creditors. During your bankruptcy process, you might receive calls from collection agencies as well as the original creditors. Your Bankruptcy Lawyer Looks Out for You. But don’t hang up!

article thumbnail

FDCPA: 6 Things to Know About Regulation F

The Kaplan Group

If they do, you should screenshot the post, block them, and consider contacting a lawyer. Keep in mind, the FDCPA gives you the right to ask any collection agency to provide you with a detailed account of how the total debt amount was calculated and the name of the original creditor. Email rules.

article thumbnail

How to Stop DNF Associates, LLC

Debt Collection Answers

To improve your chances of success and prevent further legal action against you, it is advisable to engage the services of a debt defense lawyer. This agency specializes in acquiring defaulted consumer debts from the original creditors, such as credit card companies and banks. What is DNF Associates, LLC?