Better Credit Blog

OCTOBER 5, 2020

Today, we’ll walk you through all the details you need to know about Penn Credit and debt collectors in general so you can have them taken off your report in no time. Penn Credit Corporation is a legitimate debt collector , one that is headquartered in Harrisburg, Pennsylvania. What Is Penn Credit Corporation?

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FFGN COLLECT NY

NOVEMBER 24, 2021

The new law has a direct impact on the collection of consumer claims within New York State and covers in-house collections efforts as well as those placed with a third-party debt collector including a collection attorney or agency. Once the statute lapses, the on-account payment will no longer revive the debt.

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Better Credit Blog

AUGUST 31, 2020

Debt collectors are notorious for harassing consumers when they seek repayment, calling excessively and threatening to take actions that may not be legal. What you may not know is that you are protected by the Fair Debt Collection Practices Act (FDCPA), a law designed to keep third-party debt collectors in check when they contact you.

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Better Credit Blog

OCTOBER 7, 2020

The agency has been around since 1976 and collects exclusively on debts in the healthcare industry. Here’s AMCOL’s mailing address, which you’ll need when you communicate with them about getting the collection entry off your report: PO Box 2165. Between the two bureaus, AMCOL Systems has received complaints about: Reporting issues.

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Taurus Collect

JANUARY 10, 2024

Reasons Why Businesses May Hesitate To Hire a Debt Collection Agency Despite the clear benefits, some businesses might still hesitate to hire a debt collection agency due to several reasons: Fear of damaging customer relationships : Some businesses fear that involving a third-party debt collector might strain their relationship with their clients.

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Better Credit Blog

APRIL 1, 2022

This doesn’t mean you no longer owe this credit card debt; it means you no longer owe the credit card issuer the money. Instead, you now owe the money to the third-party debt collector. That said, there is no harm in trying this method even if Capital One still owns your old credit card debt.

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True Accord

JUNE 25, 2020

Debt sales play a unique role in the collections industry, as choosing between selling to a debt buyer and placing accounts with a third-party debt collector can make or break a brand. What is a debt buyer?

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Credit Management Company

MAY 3, 2022

Debt collectors are not allowed to threaten or harass. Debt collectors cannot tell any third parties about someone’s debt. If collectors are told in writing to stop, they cannot contact the consumer. Until recently, debt collectors did not use these platforms.

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Better Credit Blog

APRIL 1, 2022

Is Credence Resource Management, LLC, contacting you about unpaid debts? The longer you avoid a debt collection agency like Credence, the more damage the agency can do to your credit score. Table of Contents: About Credence Resource Management. Just because Credence is legit doesn’t mean your debt is.

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Debt Free Colorado

FEBRUARY 21, 2022

Some states, such as Colorado, have laws that protect customers against debt collectors. You have rights to help you gain control over your debt collection interactions. To learn more about pursuing your legal rights, contact your state’s local consumer agency. Using or threatening consumers with physical violence.

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Burr Forman

APRIL 23, 2021

The underlying facts in Hunstein will be familiar to anyone acquainted with the everyday workings of many debt collectors. Debt collectors could potentially face additional liability under these state statutes as a result of the interpretation given by the Eleventh Circuit in Hunstein.

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Better Credit Blog

AUGUST 31, 2020

ConServe is a debt collection agency that may contact you regarding unpaid debts. 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.

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Better Credit Blog

AUGUST 14, 2020

Instead, you’ll need to dispute the debt or negotiate a pay-for-delete agreement. In the guide below, we’ll tell you more about how Americollect works and show you how to get the agency off your credit report, stopping their pestering phone calls along the way. What Is Americollect? Radiology collections. Early out services.

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Troutman Sanders

DECEMBER 21, 2021

The CFPB is concerned about accumulating debt, regulatory arbitrage, and data harvesting in a consumer credit market already quickly changing with technology. State Activities: On December 15, the New York Department of Financial Services released a notice of proposed rulemaking (NPRM) for third-party debt collectors and debt buyers.

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Collection Industry News

NOVEMBER 6, 2020

We have seen how crucial this flexibility can be over the past seven months, and focusing on third-party debt collectors in this rulemaking both protects consumers and means efficient, expeditious resolution by creditors, which in turn also benefits their customers.”.

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True Accord

OCTOBER 11, 2022

The Questions: What are the major regulations lenders need to know about? What are the major laws and regulations lenders need to know that govern debt collection (and debt collection service providers)? There are also some similar state laws, but the FDCPA is the big one that governs debt collection activity.

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Better Credit Blog

OCTOBER 30, 2020

Is Ad Astra Recovery Services stressing you out with calls about outstanding debts? AARS doesn’t provide too many specifics about its services, but it’s clear that the agency offers third-party and in-house debt collections, as well as check recovery services. Ad astra collections. Ad astra recovery.

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Better Credit Blog

FEBRUARY 4, 2021

Are you concerned about a collections entry from Delivery Financial Services? While falling behind on a payment or two might not seem like a big deal, collections-stage debt can do substantial damage to your credit. Read on to learn more about Delivery Financial Services and how to get them deleted from your report.

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Troutman Sanders

DECEMBER 27, 2021

State Activities: On January 1, 2022, California’s medical debt law will take effect, which means agencies licensed in the state will have limits on collection actions and their health care clients will be required to have a written policy on how they send accounts to third-party debt collectors.

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Better Credit Blog

NOVEMBER 17, 2020

That means you have 30 days to mail MBA Law a debt validation letter. If you submit this letter in that timeframe, the agency is required by law to provide evidence of the debt. This could include important details about your original lender or provider, your account number, and dates surrounding your account.

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Debt Free Colorado

APRIL 1, 2021

Also, it’s a violation of the Fair Debt Collection Practices Act (FDCPA) for a third party debt collector to disclose information about your debts to others. and press legal charges against you You press charges in a criminal case, not a civil debt collection you silly goose.

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Better Credit Blog

DECEMBER 29, 2020

They are a third-party debt collector and auto loan financer out of California. About Wilshire Consumer Credit. When a debt is transferred from your original company to Wilshire Consumer Credit, it is possible that information about the debt is misinterpreted. Hire a Credit Repair Company.

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Credit Corp

NOVEMBER 9, 2020

The Fair Debt Collection Practices Act is a federal law that protects consumers against certain unfair collection practices. It applies to only external or third-party debt collectors and only for personal debts. It does not come into play for creditors collecting their own debts. or after 9 p.m.

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Better Credit Blog

JULY 13, 2020

If so, you may be panicking, frustrated, or feeling uncertain about the legitimacy of the company. When a collections agency like MiraMed contacts you, it’s usually about a missed bill. MiraMed is a third-party debt collection agency, meaning it collects on debts for other companies and profits when the debtor makes a payment.

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Better Credit Blog

SEPTEMBER 21, 2020

If you’ve been on the receiving end of calls and letters from a debt collection agency like CMS, it’s also negatively affecting your credit score. Concerned about the legitimacy of Capital Management Services? Though you might not have heard the name before, Capital Management Services, LP, is an established debt collections agency.

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Better Credit Blog

OCTOBER 14, 2020

If you send AFS a debt validation letter within 30 days, the agency is required to show documentation of your debt. AFS is a third-party debt collector, meaning they might not have the proof they need to continue to pursue payment from you. Dealing with Accelerated Financial Solutions.

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Better Credit Blog

NOVEMBER 4, 2020

By law, they’re required to give you details about your debt, like your original lender’s name and your old account number. Getting your debt verified can be simple with a debt validation letter template. When third-party debt collectors obtain consumer debts, they don’t always maintain the documentation they need.

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Better Credit Blog

FEBRUARY 5, 2021

If you’re concerned about an entry on your credit report from BRG Collections, we can help. BRG specializes in collecting on unpaid consumer debts. Read on for an overview of BRG, debt collections, and the process of getting a collections account off your report. About BRG Collections LLC. Dispute process.

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Troutman Sanders

OCTOBER 9, 2023

On October 4, the Federal Reserve Board Governor Michelle Bowman issued remarks at the 2023 Community Banking Research Conference sponsored by the Federal Reserve System, the Conference of State Bank Supervisors, and the FDIC, where she spoke about the role of community banks in the U.S. banking system. For more information, click here.

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Better Credit Blog

FEBRUARY 2, 2021

About BGE Collections. If they are unsuccessful, your debt will go into collections, which can have a significant impact on your credit report. Some companies sell their debts to third-party debt collectors , while others, like BGE, have their own collections department.

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Better Credit Blog

FEBRUARY 24, 2021

If you’re concerned about First National Collection Bureau’s legitimacy, you can rest assured knowing the agency is valid. They have been collecting on consumer debt since it was founded in 1983. Some third-party debt collectors buy debts for pennies on the dollar. Employ a Credit Repair Company.

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Better Credit Blog

FEBRUARY 19, 2021

The guide below will teach you more about how collections agencies work and provide you with clear instructions for getting a collections account deleted from your credit report. While you may be questioning their legitimacy, DCM services is a credible debt collection agency. When this happens, your credit score could suffer.

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Better Credit Blog

FEBRUARY 19, 2021

FMA Alliance is a third-party debt collector that works with companies to recover delinquent accounts from customers. Before a debt collector can contact you for payment, they must first report the debt to the major credit bureaus. What is FMA Alliance? Ads by Money.

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Better Credit Blog

FEBRUARY 24, 2021

If you’re concerned about First National Collection Bureau’s legitimacy, you can rest assured knowing the agency is valid. They have been collecting on consumer debt since it was founded in 1983. Some third-party debt collectors buy debts for pennies on the dollar. A reporting mixup could be to blame.

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Better Credit Blog

SEPTEMBER 8, 2020

If you owe an old landlord money on your rent, you may begin to hear from a debt collector called National Credit Systems. 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. What is National Credit Systems?

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Better Credit Blog

OCTOBER 2, 2020

Third-party collections. That means the agency can contact you at multiple stages, whether your debt has reached collections yet or not. Third-party debt collectors are often hired by agencies to collect on unpaid debts. Litigation filing and judgments. Dealing with AWA Collections.

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Better Credit Blog

AUGUST 31, 2020

Debt collectors either purchase debts at a discount from lenders and service providers, or they work for the company to collect the debt, earning a percentage of the payment. In both scenarios, the company can call and mail you notices about your account until you make a payment. Dispute the Debt.

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