Better Credit Blog

APRIL 1, 2022

If you fall into hard times, the inability to pay off your credit card bills or student loans can result in your debts being transferred to a debt collection agency. In fact, they are a multifaceted company that can be a part of the debt collection process in the early stages (pre-charge of recovery) or the post-collection stage.

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Better Credit Blog

AUGUST 31, 2020

Estimates suggest that close to one-third of Americans have debt in collections. Even a single entry from a collections agency can do damage to your credit score for several years. Read on for a quick guide to dealing with the collections agency and getting it deleted from your report. The good news?

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Collection Industry News

JULY 20, 2020

Chicago Mayor Lori Lightfoot this week similarly announced an end to the collection of city debt, including late parking fines, through at least April 30. The Education Department is suspending collections on federal student loans and urging private collection agencies to stop pursuing borrowers.

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PDC Flow

AUGUST 18, 2020

Can you tell me about your background in the accounts receivable industry? I started my career representing mortgage lenders and mortgage brokers in the late 1990’s. These compliance and defense litigation skills applied nicely to the accounts receivable management industry. . Owner, Bedard Law Group, P.C.

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Troutman Sanders

JULY 7, 2021

The licensed entities include vehicle finance companies, traditional installment lenders, and mortgage lenders. The law does not impact most third-party collection agencies, but it does impact some creditors and debt buyers. For more information, click here. For more information, click here.

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Burt and Associates

FEBRUARY 3, 2025

The Rise in Business Borrowing The Global Findex Database reports that in 2021, nearly 45% of small businesses relied on credit to finance operations , with many turning to banks, alternative lenders, and trade credit. Alternative lenders charge higher interest rates, increasing the risk of long-term financial strain.

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