Debt RR

APRIL 5, 2022

Due to this, the original creditors will reach out to you to obtain their due payments. However, if you do not pay, you could either assign the debt, sell the debt to a commercial debt collection agency, or get sued for the commercial debt. Usually, you will have 90 to 120 days to pay.

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Sawin & Shea

JANUARY 28, 2021

When you hire Sawin & Shea for your bankruptcy, we give you a phone script that helps you handle collection calls. After you retain the firm, creditors must stop calling you once they have notice of our representation. How to Use Your Collection Call Script. A collection call script does two main things.

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The Kaplan Group

JANUARY 19, 2021

With the new rules, collection agencies can contact consumers more frequently. They can place up to seven debt-collection phone calls per week (and under some circumstances even more), as well as send an unlimited number of text and email messages and private social media posts. But be warned, it’s 653 pages.

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Taurus Collect

NOVEMBER 15, 2023

As a debtor, you have the following rights: Right to Privacy: Debt collectors are not allowed to share information about your debts with anyone else except your attorney or the original creditor. The FCA regulates debt collection agencies and can take action if they’re found to be violating regulations.

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Credit Corp

JULY 20, 2020

Even when a company writes off your debt as a loss for its own accounting purposes, it still has the right to pursue collection. Unless you settle or file for certain types of bankruptcy —or the statute of limitations in your state has been reached—you’re still responsible for paying back the debt.

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Credit Corp

JULY 7, 2021

I consulted a bankruptcy attorney. He said filing bankruptcy should not be my first option since the amount is quite low. In California, is there a 3 or 4 years of limit by which the collection agency can file lawsuit? 1, 2000, and it was later sent to collections, Jan. 1, 2000, is the original date of delinquency.

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Consumer Financial Services Law

JANUARY 22, 2021

Finally, if the validation notice is being sent electronically, a statement explaining the consumer can dispute the debt or request original creditor information electronically. The Rule additionally requires the following additional prompt: “I want you to send me the name and address of the original creditor.”

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Better Credit Blog

NOVEMBER 24, 2020

If you have had an overdue bill move to collections, you may begin hearing from a company called ACS Inc. ACS Inc is a collection agency that works with lenders and creditors to recover payments on defaulted loans or unpaid bills. A goodwill deletion will not work for you if you have not already paid ACS Inc for the debt.

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Credit Corp

JUNE 14, 2020

Here’s one example of how a zombie might rise with help from a collection agency. The original lender or collection agency fails to collect within the statute of limitations. That collection agency may report the debt as owed to the credit bureaus. You default on a debt.

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Credit Corp

FEBRUARY 23, 2024

Key Takeaways: Zombie debt arises based on collection agencies. It may be possible to settle zombie debt with your original creditor. The Fair Debt Collection Practices Act (FDCPA) helps protect you from harassment. Collection activities are the most common causes of a zombie debt outbreak.

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Collection Industry News

SEPTEMBER 8, 2020

THE Fair Debt Collection Practices Act (FDCPA) is a federal law that was enacted in 1978 by the United States Congress to protect consumers from abusive debt collectors. Note, however, that the FDCPA applies only to third party collectors who collect debt for original creditors. Let’s use our beloved Pres.

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