Account Recovery

DECEMBER 30, 2021

ARSI), a nationwide legal collections network headquartered in Southern California. The acquisition enhances Firstsource’s leadership in consumer debt management services … The post Firstsource Solutions Acquires American Recovery Services to Enhance Services in Debt Collections Market appeared first on AccountsRecovery.net.

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Account Recovery

OCTOBER 23, 2020

The Donald Kramer award is given each year to “someone whose efforts have made a substantial and lasting impact for the benefit of the credit and legal collection community.” AUSTIN, TEXAS, USA, October 23, 2020 — Brit Suttell has been awarded the National Creditor’s Bar Association’s Donald Kramer Award.

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Account Recovery

MAY 10, 2023

operations while also indicating that the company is going to be expanding its legal collection channel. The new chief executive of PRA Group highlighted several cost-cutting initiatives during his first earnings call with analysts this week, mentioning “near-term challenges” in the company’s U.S.

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BN Lawyers

OCTOBER 23, 2020

Brit Suttell wins the National Creditors Bar Association Donald Kramer Award for efforts on behalf of Credit and Legal Collections Industry. The Donald Kramer award is given each year to “someone whose efforts have made a substantial and lasting impact for the benefit of the credit and legal collection community.”.

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Direct Recovery

JANUARY 27, 2023

A statute of limitation is a legal term that defines the specific length of time before a debt is considered “time-barred” and is no longer legally collectible by either the original creditor or a collection agent.

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Collections Law

DECEMBER 4, 2023

Pursue litigation to get a judgment: Securing a judgment in your favor will help you legally collect the debt that is owed to your company.

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Collection Industry News

DECEMBER 4, 2022

If you’re contacted by a credit collection agency, regardless of whether or not it sounds legitimate, you should request a debt validation letter, McClary said. The letter will require the debt collector to prove they’re legally collecting the balances owed, he said. “If Keep good records of past debts. Know your rights.

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Nexa Collect

JUNE 24, 2023

Avoid Harassment or Abuse : Collectors must avoid engaging in conduct that harasses, oppresses, or abuses any person in connection with the collection of a debt. Legal Collection Practices : Collectors must not use false, deceptive, or misleading representations in the course of collecting a debt.

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Nexa Collect

AUGUST 6, 2020

This technique leverages multiple cross-referenced databases to find debtors that have “skipped” town to avoid collection. It’s useful for maximizing collection success, so be sure it’s available. Additional practices that to have at your disposal are credit reporting and legal collections.

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Public Citizen

AUGUST 22, 2021

Legitimate interest analysis requires an organization formally assess whether data collection and use ultimately result in greater benefit to individuals than the organization with input from actual consumers.

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True Accord

MAY 26, 2022

The FTC, along with more than 50 federal and state law enforcement partners, focused on several predatory collection methods, including “phantom debt collection,” a practice where companies were trying to collect debts they cannot legally collect or that a consumer does not owe.

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Re:Ceeve

JULY 21, 2020

Those days are long gone and so too should be the process of outsourcing collections. They will remain a relevant part of the process once it comes to legal collections and the hardest cases. As already mentioned, DCAs aren’t going away any time soon, and when it comes to legal collections, they will remain the best option.

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Collection Industry News

MARCH 8, 2021

The collectors threatened them with legal action unless they made an immediate credit or debit card payment. In the FTC cases, the defendants made calls to collect debts they couldn’t legally collect or the victims didn’t owe. Another company associated with this one took in $5.2 million and was also sued by the FTC.

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Collection Industry News

OCTOBER 19, 2020

The 2015 consent order also prohibited the defendants from filing collection litigation on accounts that were time-barred by the applicable statute of limitations. It also required that the defendants provide a specific time-barred debt disclosure if defendants were engaging in non-legal collection efforts on such accounts.

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Taurus Collect

JUNE 12, 2023

Generally, the statute of limitations ranges from three to ten years, and once it has expired, the debt is considered “time-barred” and the collection agency can no longer legally collect on it.

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PDC Flow

JANUARY 24, 2023

Like other Accounts Receivable professionals, Franklin found his career by accident when he accepted a collection job after college in 2005. He has a wide range of experience, including consumer, commercial, international and legal collections.

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Taurus Collect

FEBRUARY 1, 2024

Statute-Barred Debt in the UK : In the UK, debts are usually subject to a limitation period; if a debt is ‘statute-barred,’ collectors have limited legal recourse. However, they may still try to recover the debt through communication with you.

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Credit Corp

SEPTEMBER 29, 2020

Making arrangements to pay a charged off account removes you from the collections process. That means you don’t have to worry about collectors or legal collection activity in the future. Should I Pay Charged Off Amounts? But it might also provide a positive impact for your credit report.

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Collection Industry News

OCTOBER 12, 2020

“Operation Corrupt Collector” also includes five FTC law enforcement actions, including two newly filed cases that allege phantom debt collection—a practice where companies try to collect on debts they cannot legally collect or which a consumer does not owe. For example, in FTC. National Landmark Logistics LLC, et al.,

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Better Credit Blog

OCTOBER 14, 2020

AFS collects for businesses in several industries, including the following: Commercial debt. Apartment complex collections. Legal collections. Wondering exactly how the debt collection process works? It also has an office in Raymondville, Texas. Auto loans. How Does Accelerated Financial Solutions Work?

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Debt RR

SEPTEMBER 27, 2020

Now that you know the basics of commercial debt collection laws, here is how creditors are expected to go about the business to business debt collection process: Demand for Payment. This letter offers the debtor the opportunity to accept or deny their debt.

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Better Credit Blog

JANUARY 27, 2021

To legally collect a debt from you, they must first report the debt to the major credit bureaus. This will open a collection account on your credit report, which can cause your score to drop as much as 100 points. They are completely legitimate and can have a detrimental effect on your credit score.

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Better Credit Blog

NOVEMBER 24, 2020

In order to legally collect on your debt, they must first open a collection entry on your credit report. This account shows that you have had a bill move to collections and ACS Inc has a right to collect it. They use every trick in the book, including incessant phone calls and strongly worded letters.

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Credit Corp

FEBRUARY 21, 2021

If you simply can’t afford to pay, talk to a legal professional about your options, rights , and what consequences could come from paying or not paying old debt. For example, if you start making payments, the statute of limitations could restart and leave you at risk of lawsuits and legal collection activity much longer.

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