Judge Denies Motion to Compel Arbitration in FDCPA, TCPA Class Action

Account Recovery

Judge Dismisses MTD in FDCPA Case Over Creditor Name in Letter

Account Recovery

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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. Most creditors are unaware of these.

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. Most creditors are unaware of these.

Yes, Debt Collectors Can Still Call Numbers Supplied to Creditors as Part of Underlying Transaction

Collection Industry News

Here’s some bedrock—debt collectors can call numbers supplied by the consumer to an original creditor as part of a credit transaction. Things can get dicey where the consumer switches number or the collector doesn’t have access to the original data supplied to the creditor, so watch out if that’s the case. Either way, it never hurts to have a court decide that consent passed from a creditor to a debt collector. Really quick one for you.

How to Remove CCS Offices From Your Credit Report

Better Credit Blog

CCS Offices is a company that collects debts on behalf of original creditor. They were founded in 1969 in Delaware and make their money by collecting debts on behalf of creditors or by purchasing debts from creditors.

How to Remove 11 Charter Bright House from Your Credit Report

Better Credit Blog

They were originally Bright House Network, which was purchased by Charter Communications. The information about your debt can get lost as it is passed from the original creditor to the debt collector.

How to Remove AR Resources Inc. from Your Credit Report

Better Credit Blog

AR Resources is a debt collector that has been hired on behalf of the original creditor. It is not uncommon for information about debts to get lost or misconstrued in the transfer from the original creditor to the debt collector.

How to Remove CMRE Financial Services From Your Credit Report

Better Credit Blog

They make their money by coercing payments from you on behalf of original creditors. This kind of information includes the name tied to the debt, the date of debt acquisition, the total amount, and the original creditor.

How to Remove MRS BPO LLC From Your Credit Report

Better Credit Blog

MRS BPO LLC is contacting you because they are now responsible for collecting a debt on behalf of your original creditor. They have either been hired by the original creditor to get you to make payments, or they purchased the debt for pennies on the dollar.

How to Remove National Credit Systems From Your Credit Report

Better Credit Blog

National Credit Systems is a third-party debt collector that has been hired on behalf of the original creditor to collect the debt from you. This is because it is not uncommon for information about debts to get lost when it moves from the original creditor to the third-party collector.

Debt Collector Cannot “Outsource” Statutory Duty to Avoid Errors under FDCPA, Ninth Circuit Holds.

Troutman Sanders

The defendant argued that it relied on information provided by the original creditor, based on which it should be entitled to the bona fide error (BFE) defense. The plaintiff incurred a debt to a medical provider who placed the debt with a debt collector.

How to Remove ConServe from Your Credit Report

Better Credit Blog

They are a third-party debt collector, which means that they may be hired by your original creditor, or they may purchase your old debt on the chance that you pay them instead. Originally founded in 1985, ConServe is a medium-sized debt collector that is headquartered in Fairport, NY.

Top Two Complaints in Medical Collections

National Service Bureau

Medical collections are a particularly difficult field - they demand tact, human dignity, and effective collection tactics all at the same time. We’ve got an entire blog post detailing how medical collections are distinguished from other debts, but in this one, we’ll focus on the top two complaints generated as a result of collection agencies pursuing medical debt. These statistics are taken directly from the raw data that the Consumer Financial Protection Bureau (CFPB) receives every year.

How to Remove Radius Global Solutions LLC From Your Credit Report

Better Credit Blog

This means that Radius Global Solutions has acquired your debt from the original creditor and has opened a collection account on your credit report. Originally founded in Minnesota in 1982, Radius Global Solutions collects on behalf of a variety of industries.

How to Remove EOS CCA from Your Credit Report

Better Credit Blog

This will typically only work if you have already paid the debt and have maintained timely payments with the original creditor. There are few things more anxiety-inducing than being contacted by a debt collector.

How to Remove Nationwide Recovery Service from Your Credit Report

Better Credit Blog

They are currently headquartered in Norcross, Georgia, but they were originally founded in 1979 in Texas. This is because the original creditor of your debt has hired them to recover payments from you. You may find that the same debt is listed twice: once for the original creditor and once for Nationwide Recovery Service. Are you getting harassing phone calls and letters from a company called Nationwide Recovery Service?

How to Remove Convergent Outsourcing From Your Credit Report

Better Credit Blog

You can ask Convergent Outsourcing for a goodwill deletion on the grounds that the debt is paid, and you are in current good standing with the original creditor. If you have started hearing from a company called Convergent Outsourcing, it means that you are being pursued for a debt.

How to Remove Covington Credit from Your Credit Report Outline

Better Credit Blog

Covington Credit is a third-party collector that collects payments from you on behalf of the original creditor or as the now-owner of the debt. Originally founded in 2002, Covington Credit is a small debt collection agency headquartered in Greenville, SC.

How to Remove Sunrise Credit Services from Your Credit Report

Better Credit Blog

Sunrise Credit Services is a debt collector that has been hired by your old creditor to collect payment on your debt. Originally founded in 1975, Sunrise Credit Services is a medium-sized debt collection agency that employs about 600 employees.

How To Remove ARstrat From Your Credit Report

Better Credit Blog

They purchase the debt from your original creditor, or in this case healthcare provider, at a discounted rate and net all of the profits when you make a payment. You may want to start your negotiations with the creditor at around half of the full amount of your debt.

What Is Zombie Debt and Why Is It a Problem?

Credit Corp

The original lender or collection agency fails to collect within the statute of limitations. If the original creditor went to court and obtained a judgment against you for a debt, the zombie debt cycle can be more complicated. First, judgments provide the creditor with the legal means to collect via actions such as wage garnishments or bank account liens. In some states, judgments might show up for two decades if the creditor renews them.

How to Remove Aargon Agency Inc from Your Credit Report

Better Credit Blog

It is not uncommon for information to get lost when it is transferred from the original creditor to Aargon Agency Inc. Have you noticed a company called Aargon Agency Inc shows up on your credit report? If you have, this probably means that you are being pursued for an unpaid bill.

How to Remove AAA Collections from Your Credit Report

Better Credit Blog

If you forget to pay a bill, the original creditor may move the debt to collections. This entry will notify the credit reporting agencies of your delinquency and tell future lenders and creditors that you have a history of nonpayment.

How to Remove AFS Acceptance from Your Credit Report

Better Credit Blog

It’s not uncommon for information to get lost or mixed up when it moves from an original creditor to a debt collector. If you’ve noticed an entry from AFS Acceptance show up on your credit report, you are likely being pursued for an unsettled debt.

Selling your debt vs. hiring a debt collection agency

True Accord

Original creditors forfeit control over the methods of communication with their consumers when the sale of debt is complete. In the wake of the COVID-19 pandemic, a recession is looming, and consumer debt is on the rise. In order to prepare for the wave of consumers unable to pay money owed, companies need to decide how to manage their past-due accounts.

Katabat Supports RMAI’s 2020 Annual Conference with Gold Sponsorship

Katabat

The conference, occurring February 3–6, 2020, brings together key participants in the receivables management industry, including debt buying companies, collection agencies, collection law firms, brokers, originating creditors, and affiliates. January 23, 2020 (Sacramento, CA) – Katabat, a leading cloud-based debt-collection software provider, will serve as a Gold Sponsor of this year’s RMAI Annual Conference.

How to Remove CACH LLC from Your Credit Report

Better Credit Blog

This means that they have either been hired by your old creditor or have acquired the debt from them to profit on your payments. This is because it is common for information about the debt to get misconstrued when it is transferred from the original creditor to the debt collector.

How To Remove Avante USA from Your Credit Report

Better Credit Blog

Since they aren’t the original creditors or service providers, they don’t always have this information on hand. Creditors and service providers can only dedicate so much time to pursuing late payments on accounts. It can be all too easy to fall behind on payments.

Charged Off as Bad Debt: An Explainer

Credit Corp

When you miss too many payments, your creditor may charge off the debt. A charge-off occurs when you don’t pay the full minimum payment on a debt for several months and your creditor writes it off as a bad debt. That’s typically the creditor that wrote the debt off.

How to Remove Capio Partners From Your Credit Report

Better Credit Blog

These entries remain on your credit report for up to seven years, which means that they can be viewed by creditors and lenders. Originally founded in 2008, they are the largest purchaser of healthcare debt in the United States.

How to Remove Palisades Collection LLC From Your Credit Report

Better Credit Blog

It is common for information about debts to get lost or misconstrued in the transfer from the original creditor to the debt collector. If you fail to pay a debt, you may start to hear from a collection agency called Palisades Collection LLC.

How to Remove USCB America From Your Credit

Better Credit Blog

It is not uncommon for information to get lost in the transition from the original creditor to USCB America. If you have begun to hear from USCB America, you likely have an unpaid debt that is hanging over your head.

How to Remove Phoenix Financial Services From Your Credit Report

Better Credit Blog

Originally founded in 2014, Phoenix Financial Services is a small debt collection agency out of Indianapolis, IN. A debt collector is more likely to grant you a goodwill deletion if the debt is paid and you are in good standing with your current creditor.

A Comprehensive Overview of How Commercial Debt Collection Agencies Work

Debt RR

A commercial debt collector works exclusively with B2B creditors that need to collect past due payments from other businesses. Negotiate payoff balances: In some cases, B2B creditors might authorize commercial debt collectors to make payment arrangements with their clients. As a last resort, commercial debt collection agencies will work with creditors to sue the business for the past due balance. Creditors that report business credit might report this status, as well.

How to Remove Pioneer Credit Recovery from Your Credit Report

Better Credit Blog

Originally founded in 2001, they collect debt on behalf of federal student loan servicers, county and municipal courts, the IRS, and more.

How to Remove Credit Control Corp From Your Credit

Better Credit Blog

Credit Control Corp is a debt collection company that collects payment on your debt on behalf of the original creditor. Originally founded in 1999, Credit Control Corporation, or R & B Corporation, is a medium-sized debt collection agency in Virginia.