Debt Guru

MAY 30, 2020

Your bank’s archives might only allow you to retrieve online statements for the past year or just a couple months, and you most likely lose all access if you close your account. Many lenders have reminder systems that will send follow-up notices a few days before your payment due date. Con: Lost Access to Old Statements.

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Fico Collections

JANUARY 18, 2023

These factors and others led our experts in debt collection to address ways that lenders can manage the rising number of people in the collections queue. Bruce Curry looked forward near the start of the year and saw a number of challenges in debt collection for lenders sifting through the pandemic’s inevitable financial fall-out.

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Jimerson Firm

JANUARY 16, 2023

While the owner of the vehicle may not want to pay for the services and may not want to retrieve the vehicle for whatever reason, lienholders may want to obtain and potentially sell the vehicle to satisfy, in whole or in part, their lien on the vehicle. Conclusion.

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Jimerson Firm

JANUARY 16, 2023

While the owner of the vehicle may not want to pay for the towing company’s services and may not want to retrieve the vehicle for whatever reason, lienholders may want to obtain and potentially sell the vehicle to satisfy, in whole or in part, their lien on the vehicle. When towing companies tow vehicles in the State of Florida, Section 713.78

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Qualco

NOVEMBER 7, 2023

To identify the best solution for Non-Performing Loans (NPLs) , stakeholders such as lenders, servicers, and debt collection agencies need to deploy all available tools, starting a thorough appraisal of the NPL portfolio via a dedicated Workout Unit.

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ABI

JANUARY 13, 2022

Consumer Financial Protection Act (the “Act”) and Regulation O, restricted MARS providers “from charging upfront fees, telling consumers not to talk to their lenders, and misrepresenting material aspects of their services,” [2] unless otherwise exempted. [3] 1] These rules, the U.S. 3] In Consumer Fin. Consumer First Legal Grp., at *9–10. [9]

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Fico Collections

JANUARY 17, 2022

It is not surprising that several leading lenders, telcos, utilities and debt collection agencies are defining digital communications as their new normal. In a recent McKinsey paper , the authors stress that digital debt collection helps to both substantially reduce operational costs and dramatically increase resolution rates.

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Credit Corp

APRIL 26, 2024

A 1099-c cancellation of debt form is issued when a lender forgives or cancels a debt. If you can’t reach them or retrieve a copy, you may have to call the IRS to resolve the issue. Even if a lender issues a 1099-C form, they can still choose to pursue delinquent funds if they simply want to collect the money you owe.

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Account Recovery

SEPTEMBER 19, 2024

Read on to learn more about Will, which TV channel his golden retrievers prefer, and how his ex-wife’s sister got him into the business. Feed the dogs, turn on Dog TV for our two golden retrievers, and cook a hot breakfast. years total)Length of time in industry: 25 years How did you get your start in the industry?

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Troutman Sanders

JULY 27, 2023

The Bureau last did this in 2016 by announcing in Supervisory Highlights that auto finance companies should prohibit repossession agents from charging personal property storage and retrieval fees, and the Bureau followed that announcement with both supervisory activity and a consent order in 2020 on the same subject.

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