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Agency Discloses Data Breach, Information on 500k BofA Customers Compromised

Account Recovery

A Pennsylvania collection agency has filed a data breach notification with the Maine Attorney General, indicating that nearly 500,000 consumers were affected by the breach, which occurred last month. A copy of the sample letter that was sent to affected consumers by NCB Management Services can be accessed by clicking here.

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Debt Validation Letter: Definition and Sample

Credit Corp

Debt collectors send debt validation letters show what debts you owe, the amount, and to whome you owe it to. The debt collection industry is subject to mishaps and mistakes, with some individuals being asked to pay debts they don’t owe. We’ll also provide a debt verification letter sample and a free template to help you get started.

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Sending accounts to collections? Do these first

American Profit Recovery

While many organizations hesitate to implement collection activity, there are an equal amount that may jump into it before they have done their due diligence. Following solid and systematic accounts receivables processes can help lay the groundwork for successful debt collections when necessary.

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How to Write a Debt Collection Letter

Taurus Collect

Have you ever grappled with the challenge of debt collection in Derby? In this post, we delve into the nitty-gritty of writing an effective debt collection letter, a crucial tool in your arsenal for managing your receivables and maintaining positive cash flow. Your financial risk is significantly reduced.

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Florida Senate Bill 56: Changes to Florida’s Condominium Association and Homeowners’ Association Collections Procedures

Jimerson Firm

While both bills affect the laws governing Florida condominium and homeowners’ associations, Senate Bill 56, specifically, changed the collection and notification procedures for these associations. The amended sample form is copied below: DELINQUENT ASSESSMENT. As of the date of this letter, the total amount due with interest is $.

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How To Remove H&R Accounts from Your Credit Report

Better Credit Blog

If you have a collections account from H&R Accounts on your report, it’s important to get it removed as soon as possible. Read on to learn more about H&R Accounts and how you need to respond to their collection attempts. H&R Accounts is a small debt collections agency headquartered in East Moline, Illinois.

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CFPB Finds Expensive College-Endorsed Banking Products

Collection Industry News

Nearly $13 million of the more than $15 million in annual costs paid by students in the CFPB’s sample was paid to BankMobile. Many agreements don’t appear to be posted prominently as required: Nearly 30% of accounts in the CFPB’s sample involved arrangements in which the financial services provider made payments to the partner school.

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