Troutman Sanders

NOVEMBER 8, 2022

On November 2, the Consumer Financial Protection Bureau (CFPB) released a blog post, exploring the potential impact of student loan payment reinstatement. The CFPB found that student loan borrowers are increasingly likely to struggle once their monthly student loan payments are reinstated. For more information, click here.

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Financial services Student loans Student Loans Garnishment 52

Taurus Collect

NOVEMBER 15, 2023

How Do Collection Agencies Operate and What Are Their Legal Rights Collection agencies in the UK operate within strict regulations, and their rights and powers are clearly defined by the law. They can’t harass debtors or act unfairly. Provide them with copies of your evidence and explain your dispute in writing.

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Better Credit Blog

FEBRUARY 11, 2022

It’s important to research thoroughly before enrolling in a debt settlement program, according to the Federal Trade Commission. “Do In 2010, the Federal Trade Commission made it illegal for debt settlement firms to ask for fees upfront. It can’t tackle secured debts like auto loans and mortgages. Credit card loans.

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Debt settlement Creditors Unsecured Debt Lender 72

Credit Corp

JUNE 1, 2023

There are many kinds of debts that can be sent to collections, including: Credit card payments Student loans Medical bills Rent payments Utility payments Auto loans Personal loans Tax debt The time it takes the original creditor to transfer your debt to collections varies. How Long Will Collections Debt Stay on My Credit Report?

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Collections Debt collector Collection Agencies Collections Agency 126

Better Credit Blog

JANUARY 20, 2022

In keeping with Federal Trade Commission rules , Freedom Debt Relief doesn’t charge upfront fees. It was for a PMSI loan for an outdoor wood burning furnace. I also have solar panels with FDR; fortunately for me that is an unsecured loan, so they can help with that one.” – Laura Whipple, 4-star review, TrustPilot.

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Creditors Credit Card Debt Unsecured Debt Debt settlement 76

Jimerson Firm

DECEMBER 14, 2021

For example, “[a] mortgage servicing company is a debt collector under the FDCPA if it acquired the loan at issue while the loan was in default.” 9), which prohibits a person from attempting or threatening to enforce a debt it knows is not legitimate or asserting some other legal right it knows does not exist. Bank of Am.,

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Debt collector Fair Debt Collection Consumer Collections Legal Rights 105