Troutman Sanders

AUGUST 11, 2022

Associate Carlin McCrory is a regulatory, compliance, and payments attorney with experience representing financial institutions, fintechs, lenders, debt collectors, payment processors, neobanks, virtual currency companies, and mortgage servicers.

Credit Unions 52

Credit Unions Credit Unions Acquisition Financial Institution 52

Troutman Sanders

OCTOBER 15, 2020

Axiom Acquisition Ventures, LLC (“Axiom”) bought Robert Valenzuela’s consumer debt from a bank after he allegedly defaulted on his personal loan payments. Axiom sent Valenzuela a letter informing him that his debt had been reassigned and instructing him to remit future payments to Axiom.

Debtor 40

Debtor Debt collector Acquisition Fair Debt Collection 40

Better Credit Blog

AUGUST 17, 2020

If you are being pursued by Capio Partners for a debt, this means that they have opened up an entry on your credit report. Apart from being annoying, these debt collectors can cause a host of problems for your credit score down the line. Collection accounts can hurt your credit score even after you pay off the debt.

Debt collector 52

Debt collector Creditors Acquisition Fair Debt Collection 52

Better Credit Blog

SEPTEMBER 29, 2020

Debt collectors can cause a lot of problems for your credit score down the line. Collection accounts can hurt your credit score for up to seven years even after you pay off the debt. Request Debt Validation. The FDCPA protects consumers against many forms of debt collector abuse such as: Using profane or abusive language.

Debt collector 52

Debt collector Original Creditor Collection Agencies Collections Agency 52

Collection Industry News

OCTOBER 27, 2020

Axiom Acquisition Ventures, LLC (“Axiom”) bought Robert Valenzuela’s consumer debt from a bank after he allegedly defaulted on his personal loan payments. Axiom sent Valenzuela a letter informing him that his debt had been reassigned and instructing him to remit future payments to Axiom.

Debtor 40

Debtor Debt collector Acquisition Fair Debt Collection 40

Better Credit Blog

AUGUST 17, 2020

When a debt collector like Cavalry SPV ends up on your report, it can do severe damage to your credit score for years, even if you pay off your debts. The agency also uses aggressive tactics to collect on debts, which can add stress to an already nerve-wracking situation. Send a debt validation letter.

Debt collector 52

Debt collector Fair Debt Collection Collection Agencies Collections Agency 52

Collection Industry News

SEPTEMBER 2, 2024

The Fair Debt Collection Practices Act (FDCPA) is a cornerstone of consumer protection laws in the United States. It ensures that debt collectors adhere to specific ethical and legal standards when pursuing debts. Accurate Representation Debt collectors must be truthful about the nature of the debt.

Fair Debt Collection 40

Fair Debt Collection Debt collector Collections Acquisition 40

Debt Collection Answers

MAY 18, 2023

Like all other debt collectors, DNF Associates, LLC depends on multiple sources of information to pursue debt collection. This involves gathering all relevant information and evidence regarding the purported debt. This agency has gained a reputation as a trustworthy and ethical player in the debt-purchasing industry.

Acquisition 52

Acquisition Garnishment Judgment Banks 52

Better Credit Blog

AUGUST 31, 2020

If you have started hearing from a company called Convergent Outsourcing, it means that you are being pursued for a debt. Besides being annoying and aggressive, debt collectors like Convergent Outsourcing can have a major impact on your credit score. This legislation is called the Fair Debt Collection Practices Act.

Debt collector 52

Debt collector Fair Debt Collection Original Creditor Collections 52

Better Credit Blog

AUGUST 21, 2020

A debt collector is more likely to do you a favor if you ask nicely rather than if you demand a deletion. Verify the Debt. This step is time-sensitive, so it is best to do this as soon as possible no matter what the status of your debt is. To request debt validation, you will need to write a debt validation letter.

Debt collector 53

Debt collector Collection Agencies Collections Agency Original Creditor 53

Better Credit Blog

AUGUST 7, 2020

They specialize in debt collection on behalf of hospitals and other companies in the healthcare industry. Even for a legitimate debt collector, USCB America is particularly unpopular with their customers. The first step when dealing with debt collectors is to request that they only communicate with you in writing.

Debt collector 52

Debt collector Collection Agencies Collections Agency Acquisition 52

Better Credit Blog

SEPTEMBER 18, 2020

CACH LLC is a medium-sized debt collection agency that is headquartered in Greenville, SC. Founded in 2005 in Colorado, they specialize in debt collection on the behalf of financial institutions. While CACH LLC is a legitimate debt collector, this does not make them popular among their customers. Dealing with CACH LLC.

Debt collector 52

Debt collector Collections Acquisition Fair Debt Collection 52

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. You may be curious if ConServe is a legitimate company.

Third-party Debt Collectors 52

Third-party Debt Collectors Debt collector Original Creditor Creditors 52

Better Credit Blog

AUGUST 22, 2020

If you have an unpaid medical bill, you may begin to hear from a debt collector known as CMRE Financial Services. CMRE Financial Services is a collection agency that collects medical debts on behalf of hospitals and other healthcare businesses. Where do you begin when you are dealing with a debt collector ?

Financial services 52

Financial services Debt collector Original Creditor Collection Agencies 52

Better Credit Blog

SEPTEMBER 18, 2020

Failing to pay a debt may culminate into being pursued by a debt collector. National Credit Services is one such debt collector that may contact you if you fail to make payments on an overdue bill. You may be wondering if National Credit Services is a legitimate debt collector. Negotiate a Settlement.

Debt collector 52

Debt collector Fair Debt Collection Original Creditor Collections 52

Better Credit Blog

AUGUST 31, 2020

If you have an old debt hanging over your head, you may begin to hear from a debt collector called Covington Credit. 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. Get a Free Copy of Your Credit Report.

Debt collector 53

Debt collector Original Creditor Creditors Collections 53

Better Credit Blog

SEPTEMBER 8, 2020

Debt collectors make their money by coercing you into making payments. Most people don’t know that they are actually protected from abuse such as this by the Fair Debt Collection Practices Act (FDCPA). The FDCPA prevents various forms of harassment, abuse, and deception from debt collectors. or after 9 p.m.

Debt collector 52

Debt collector Collection Agencies Collections Agency Collections 52

Better Credit Blog

AUGUST 7, 2020

Many people dealing with debt collectors don’t realize that they have rights under the Fair Debt Collection Practices Act (FDCPA). The FDCPA is a piece of federal legislation that prevents abuse from debt collectors, which allows customer to keep their dignity throughout the process.

Collection Agencies 59

Collection Agencies Collections Agency Debt collector Collections 59

Debt Collection Answers

MAY 18, 2023

Adding to the burden, specialized debt collectors in the medical industry can compound the stress of an already challenging situation. Capio Partners is one such agency that focuses on debt collection in the medical field. This acquisition helped Capio Partners expand its operations into the Southeastern United States.

Collection Agencies 52

Collection Agencies Collections Agency Healthcare Retrieval 52

Better Credit Blog

AUGUST 22, 2020

If you have a debt that you haven’t paid yet, you may have heard from a debt collector called CCS Offices. CCS Offices is a company that collects debts on behalf of original creditor. They do this by either purchasing the debt or collecting the payments and taking a portion for themselves. Dealing With CCS Offices.

Debt collector 53

Debt collector Original Creditor Creditors Collection Agencies 53

Consumer Financial Services Law

AUGUST 31, 2016

Joining the proof of claim fray, the Fourth Circuit has held that the filing of a time barred proof of claim does not violate the FDCPA when the statute of limitations does not extinguish the debt. Atlas Acquisitions, No. 15-1495, 2016 U.S. LEXIS, *22-23 (4 th Cir.

Chapter 13 bankruptcy 40

Chapter 13 bankruptcy Bankruptcy Debt collector Acquisition 40

Better Credit Blog

SEPTEMBER 14, 2020

Write a Debt Validation Letter. When a debt collector contacts you about payments, it is important to verify the debt actually belongs to you. Otherwise, you may be footing the bill for someone else’s debt. Did you know that one in five Americans has credit report errors? Get a Free Copy of Your Credit Report.

Debt collector 52

Debt collector Collections Acquisition Lender 52

Consumer Financial Services Law

OCTOBER 17, 2016

LVNV in which it not only supported its position in Crawford but expanded it by addressing the issue left unanswered in Crawford : whether the Bankruptcy Code preempts the FDCPA where the debt collector files a proof of claim on a debt it knows to be time barred. Atlas Acquisitions , No. MidlandFunding , LLC, C.A.

Bankruptcy 40

Bankruptcy Debt collector Creditors Acquisition 40

Troutman Sanders

NOVEMBER 13, 2023

Annual report requirements will be adopted through a separate rulemaking.

Financial services 52

Financial services Manufacturing Debt Management Debtor 52

Troutman Sanders

MAY 5, 2022

The CFPB reports that this seems to happen most often with creditors’ acquisitions of pre-existing credit card accounts from other creditors. Debt Collection. The CFPB believes that debt collectors misrepresent consumers’ responsibilities in cases of identity theft.

Financial Institution 52

Financial Institution Repossession Debt collector Lender 52

FDCPA Defense

MAY 6, 2014

The CFPB does not want debt collectors to tell consumers that paying their debts might help them to improve their credit score. Nor does the CFPB want collectors to encourage consumers to pay by informing them that their failure to do so might harm their credit. MKM Acquisitions, LLC , 241 F. Financial Credit Corp.

Creditworthiness 40

Creditworthiness Debtor Debt collector Acquisition 40

Collection Industry News

MAY 9, 2022

The CFPB reports that this seems to happen most often with creditors’ acquisitions of pre-existing credit card accounts from other creditors. Debt Collection. The CFPB believes that debt collectors misrepresent consumers’ responsibilities in cases of identity theft.

Financial Institution 40

Financial Institution Repossession Debt collector Student Loans 40

Collection Industry News

JUNE 14, 2021

Ciffa’s offices in Niagara Falls and Kenmore, debt collectors intimidated their victims with illegal threats of arrests and lawsuits. According to federal prosecutors, an elderly cancer patient in Texas was so rattled by the threats that she borrowed $500 from her sister to help pay off a debt of $1,285. Source: site.

Debt collector 40

Debt collector Judgment Collections Collection Companies 40

Troutman Sanders

JUNE 14, 2023

On June 8, the CFPB acted against a medical debt collector for numerous debt collection and credit reporting violations. In at least thousands of cases, the debt collector continued to attempt to collect on a debt that was not substantiated after a consumer disputed the validity of the debt.

Financial services 52

Financial services Financial Institution Student Loans Student loans 52

Troutman Sanders

MARCH 4, 2024

According to the lawsuit, the merger would violate the federal Clayton Act, which prohibits the acquisition of assets where the effect of such acquisition may substantially lessen competition or create a monopoly. For more information, click here. On February 26, District of Columbia Mayor Muriel Bowser signed B25-0663.

Financial services 52

Financial services Law Firms Acquisition Debt collector 52

Troutman Sanders

JANUARY 26, 2021

Uejio currently serves as the chief strategy officer, and he previously served as the acting deputy chief of staff and lead for talent acquisition. The CFPB under Chopra is also expected to closely examine the COVID-19 response from banks, consumer reporting agencies, debt collectors, and mortgage and student loan servicers.

Student Loans 52

Student Loans Student loans Acquisition Debt collector 52

Account Recovery

JANUARY 24, 2025

As the political landscape shifts, the healthcare industry is poised for more mergers and acquisitions (M&As), especially in the hospital sector. This shift, according to experts, could have significant implications for debt collection agencies, particularly those involved in collecting unpaid medical debts. Learn more.

Healthcare 130

Healthcare Collection Agencies Collections Agency Acquisition 130