Judge Grants Defendant’s Motion for Judgment in FCRA, FDCPA Case

Account Recovery

N.J. Judge Grants MTD in FDCPA Case Even Though Letter Lacked ‘Clarity’

Account Recovery

Compliance FDCPA 1692e 1692f 1692g(a)(2) Creditor Identification Dispute Notice District Court for the District of New Jersey Hughes v.

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Judge Grants MTD in FDCPA Case Over Dispute Sent to Creditor, Not Collector

Account Recovery

A copy of … The post Judge Grants MTD in FDCPA Case Over Dispute Sent to Creditor, Not Collector appeared first on AccountsRecovery.net.

Judge Remands FDCPA Class Back to State Court After Ruling Plaintiff Lacks Standing

Account Recovery

Ariz. Judge Grants MTD in FDCPA Class Action Over Credit Reporting Language in Letter

Account Recovery

Judge Grants MTD Over Offer of More Credit in Collection Letter

Account Recovery

Debt collectors are conduits — vessels trying to help original creditors recover unpaid debts. Oftentimes, the creditors will make requests or want certain offers included in letters sent to individuals.

NDCA Judge Grants MTD in FDCPA Case Over Creditor ID in Letter

Account Recovery

Compliance FDCPA 1692g Creditor Identification District Court for the Northern District of California Judge Yvonne Gonzalez Rogers Lenzini v.

What New Debt Collector Rules Mean for You

Nerd Wallet

The Fair Debt Collection Practices Act covers third-party debt collectors — those who buy a delinquent debt from an original creditor, like a credit card company. The article What New Debt Collector Rules Mean for You originally appeared on NerdWallet.

New York Enacts Consumer Credit Fairness Act, Amending Civil Practice Law and Rules and the Judiciary Law

Troutman Sanders

The Act amends provisions of New York’s Civil Practice Law and Rules, commonly referred to as the CPLR, and the Judiciary Law to require original creditors and third-party debt collectors to include certain information and documents when filing and prosecuting debt collection actions.

Debt Collection through Email, SMS and Social Media

Nexa Collect

Collection agencies now insist that their clients (Original creditors) include a paragraph in their legal service agreement which permits that the customers can be contacted (by original creditors or by a collection agency) in case of a late payment/default.

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.

Can Debt Collectors Contact Consumers by Email or Text Message in 2021?

Direct Recovery

The original version of the FDCPA is notoriously exclusive to contact by phone, which left all of the other forms of communication available to collection agents in 2021 open to interpretation. The Type of Creditor Still Matters. Remember the Original FDCPA Rights.

New York Issues New Consumer Debt Collection Requirements for Creditors Pursuing Legal Action

FFGN COLLECT NY

After New York Governor Andrew Cuomo signs the Consumer Credit Fairness Act (S.153/Thomas) into law, many creditors will need to provide significant documentation in order to file a debt collection action against their non-paying consumers. Creditors must provide specific information identifying the amount owed as well as proof that the consumer owes that debt.

Appeals Court Affirms Defendant’s Summary Judgment Ruling in FDCPA Statute of Limitations Case

Troutman Sanders

The husband argued the wrong statute of limitations was applied, and even if the original six-year statute was applied, it was applied incorrectly. In Reddick v.

How to Handle Collection Calls

Sawin & Shea

After you retain the firm, creditors must stop calling you once they have notice of our representation. There are also a few important things you should keep in mind about talking to collection companies and creditors.

Things Debt Collectors Are Forbidden to Do

Sawin & Shea

Approximately one third of consumers with a credit bureau file were contacted by at least one creditor or debt collector each year, according to a CFPB (Consumer Financial Protection Bureau) survey.

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.

FDCPA: 6 Things to Know About Regulation F

The Kaplan Group

Keep in mind, the FDCPA gives you the right to ask any collection agency to provide you with a detailed account of how the total debt amount was calculated and the name of the original creditor. You may still find the original law and the new regulation complicated and lengthy.

Hiring the right collection agency has its advantages

American Profit

Many times, those laws can extend to the original creditor which would be you. Violating any of these laws can cost your business much more than the original debt owed to you so it is wise to hire a third party that knows all these laws.

Can a Collection Agency Report to the Credit Bureau Without Notifying You?

Credit Corp

It does not come into play for creditors collecting their own debts. The name of the original creditor to whom the debt is owed. Unfortunately, the FDCPA doesn’t cover business debt or debt that is owed to the original creditor rather than a collection agency.

Breaking Down Regulation F’s Debt Validation Notice

PDC Flow

How you determine itemization dates is an internal decision and may differ from creditor to creditor and the types of debt you collect. Itemization date can be calculated one of five ways: Last statement date - the date the creditor sent a last invoice or statement to the consumer.

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.

3rd Cir. Holds No FDCPA Violation When Debt Collector Invited Phone Calls To ‘Eliminate Further Collection Action’

Collection Industry News

Further, if you make a written request upon this office within THIRTY (30) days of receiving this notice, this office will provide you with the name and address of the original creditor, if different from the current creditor. a statement that, upon the consumer’s written request within the thirty-day period, the debt collector will provide the consumer with the name and address of the original creditor, if different from the current creditor.

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.

Phoenix Company: What Does It Mean And What Are The Rules?

Hudson Weir

They can begin to trade while formal insolvency proceedings relating to the original insolvent company are launched. Transparency and the highest standards of professionalism can minimise friction between creditors and directors.

Trade 52

Court Grants Summary Judgment in Favor of Defendant Debt Collector in a FDCPA Case Concerning a Disputed Debt

Troutman Sanders

After several failed attempts to contact the original creditor to verify the debt, Keybridge requested that the CRAs delete the reporting related to the disputed debt. In Burns v. Keybridge Med. Revenue Care , No. 2:20-cv-12732 (E.D.

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.