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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Creditors Legal Collections Law Firms Creditors Rights 52

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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Fair Debt Collection Collections Debt collector Credit Counselor 40

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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Collections Debtor Collection Agencies Collections Agency 130

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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Legal Collections Collections Trade 45

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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Debt collector Collections Fair Debt Collection Legal Collections 52

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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Collections Debt collector Legal Collections Collection Agencies 74

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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Collections Legal Collections Collection Agent Financial Institution 63

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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Debt collector Original Creditor Creditors Fair Debt Collection 40

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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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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Debt collector Fair Debt Collection Collections Legal Collections 40

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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Creditors Lender Collection Agencies Collections Agency 55

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 collector Third-party Debt Collectors Fair Debt Collection Collection Agencies 52

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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Creditors Collection Agencies Collections Agency Collections 60

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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Debt collector Fair Debt Collection Third-party Debt Collectors Collections 52

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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