Sawin & Shea

DECEMBER 22, 2021

If you are struggling financially and feel bankruptcy is the only option for removing holiday stress, you need to make sure you file at the right moment. Choosing the wrong time to file for bankruptcy can tremendously impact your case in a negative way, including the possibility of dismissal.

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Credit Corp

JUNE 14, 2023

Since the debt is old and less likely to be paid, the creditor may be willing to accept less than what you owe to consider the matter closed. Foreclosures and Short Sales: Seven Years A foreclosure can remain on your credit reports for seven years from the date the foreclosure was filed.

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Better Credit Blog

MARCH 2, 2021

They collect on debts for both smaller doctors’ offices and clinics and hospitals. When your healthcare provider is unsuccessful at collecting your debt, they could contact a third-party agency such as H&R Accounts. Debt collectors buy your debts from providers and lenders, or they employ them to manage the collections process.

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Debt Free Colorado

JUNE 18, 2024

You may be considering Chapter 7 bankruptcy. Consulting with a Chapter 7 bankruptcy attorney in Boulder, CO, can help determine if it is the right solution. Our blog will provide a general overview of Chapter 7 bankruptcy. Quick Summary: Chapter 7 bankruptcy allows individuals to discharge most unsecured debts.

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Collection Industry News

DECEMBER 21, 2020

Court of Appeals for the Ninth Circuit recently reversed an award of summary judgment in favor of a defendant debt collector against claims that it violated the federal Fair Debt Collection Practices Act (FDCPA) by attempting to collect a debt that was discharged in bankruptcy and no longer owed. 3d 502 (9th Cir.

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Collection Industry News

OCTOBER 6, 2020

It was a great time to be a debt collector. In August, Encore Capital, the largest debt buyer in the country, announced that it had doubled its previous record for earnings in a quarter. The only people who would do this are debt collectors who have no ongoing relationship with someone.”

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Sawin & Shea

NOVEMBER 15, 2023

If you’re struggling with financial hardship, filing for bankruptcy can be an effective way to get back on your feet. But filing for bankruptcy in Indiana doesn’t mean every outstanding debt you’ve ever incurred gets wiped away. Declaring bankruptcy will discharge most types of debt but not others.

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Collection Industry News

APRIL 30, 2023

On April 26, the Consumer Financial Protection Bureau (CFPB or Bureau) issued an advisory opinion reminding the industry that a debt collector who brings or threatens to bring a foreclosure action to collect a time-barred mortgage debt may violate the Fair Debt Collection Practices Act (FDCPA).

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Better Credit Blog

FEBRUARY 4, 2021

Are hired to help the original lender collect the debt. When a collections agency gets ahold of your debt, it can mean lots of phone calls and letters for you. Many consumers looking to cut ties with debt collectors simply pay off their debt, assuming it will get removed from their credit report. Foreclosures.

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Better Credit Blog

FEBRUARY 15, 2021

Depending on other factors on your credit score and the extent of your debt, a collections account can drop your score significantly. Equally frustrating, debt collectors may communicate with you frequently, calling you regularly and sending letters in an attempt to collect payment. Foreclosure. Charge-offs.

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BN Lawyers

JANUARY 14, 2019

Section 1692g(a) of the FDCPA mandates the sending of a “validation” notice within five days of a debt collector’s initial communication with a consumer. A debt collector is free to collect during the thirty-day period as long as it does not overshadow or contradict the consumer’s thirty-day rights. In Scott v.

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Mich Bankruptcy Blog

APRIL 28, 2019

For many, the term “debt collection” calls to mind threatening letters and harassing, late-night phone calls.

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Better Credit Blog

AUGUST 12, 2020

Often times, companies and debt collectors do not have sufficient documentation of customers’ debts. The Fair Debt Collection Practices Act requires debt collectors to provide valid proof of debts if you submit a validation letter within 30 days of being contacted by a company.

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Better Credit Blog

FEBRUARY 2, 2021

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. Foreclosure. The best part? Owe BGE $250? Repossession.

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Taurus Collect

JUNE 12, 2023

If clients fail to stick to their payment plans as agreed, debt collection agencies are often needed in order to help recoup any losses incurred. Did you know that there are six different resources your debt collector will use – such as credit bureaus and databases – that allow them access to your financial history and current whereabouts?

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Collection Industry News

SEPTEMBER 23, 2020

. • Debt collection cases have claimed an increasing share of the civil docket, making up about 30% of the civil court caseload in the one state where comprehensive data was available. • The dollar value of claims filed annually by debt buyers increased from $6 billion in 1993 to $98 billion in 2013. Filing bankruptcy.

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Better Credit Blog

FEBRUARY 5, 2021

When you get behind on payments, the person lending you money or providing services may turn your debt over to a debt collector. Others employ debt collectors like BRG. This type of third-party agency might: Buy your debts at pennies on the dollar, or. Here’s how: Ask for debt validation.

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Better Credit Blog

NOVEMBER 23, 2020

Using the strategies outlined below, you can say goodbye to debt collectors and get your score back on track. or FMS Corp, is a third-party debt collection agency headquartered in Tulsa, Oklahoma. When you fail to repay a debt, whether it’s a medical bill, student loan, or credit card balance, it eventually enters collections.

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Better Credit Blog

NOVEMBER 17, 2020

They can dispute negative entries, confront debt collectors, and take all the necessary steps to improve your credit, whatever shape it might be in. They’re experts at dealing with a long list of credit issues, such as: Bankruptcy. Foreclosures. Charge offs. Collections.

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Better Credit Blog

FEBRUARY 5, 2021

You should also read up on the Fair Debt Collection Practices Act. This act was written to protect consumers from abusive debt collection practices and to ensure accurate reporting. Among other guidelines, it states that: Debt collectors are only allowed to call from 8 a.m. Bankruptcy. Foreclosures.

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Debt RR

DECEMBER 13, 2019

This leaves businesses struggling to maintain revenue while debt continues to pile up. There are 35 major bankruptcies in 2019 so far, and over two-thirds happened in retail. trillion worth of debt. When faced with mounting debt, it’s inevitable that someone will come to collect. Handling Debt Collectors.

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Better Credit Blog

FEBRUARY 24, 2021

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. But FNCB is hired by businesses to collect on debts. Fortunately, you have rights under the Fair Debt Collection Practices Act. Foreclosure. Bankruptcy.

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Better Credit Blog

FEBRUARY 24, 2021

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. But FNCB is hired by businesses to collect on debts. Fortunately, you have rights under the Fair Debt Collection Practices Act. Foreclosure. Bankruptcy.

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Collections Collection Agencies Collections Agency Third-party Debt Collectors 52

Better Credit Blog

FEBRUARY 18, 2021

To get an understanding of how debt collectors are, and aren’t, allowed to treat you, you need to read up on the Fair Debt Collection Practices Act. The FDCPA is your shield against abusive debt collection practices and inaccurate reporting. Foreclosures. and 9 p.m. Charge-offs. Hard inquiries. Repossessions.

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Better Credit Blog

FEBRUARY 25, 2021

Either way, once a debt hits the collections stage, an entry is added to your report, staying for 7 years. A debt collector may also contact you frequently until you make a satisfactory payment. Collections agencies are held to a set of standards set forth by the Fair Debt Collection Practices Act. Foreclosure.

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Better Credit Blog

FEBRUARY 12, 2021

Oftentimes, these complaints have to do with the agency’s aggressive collection attempts, failure to validate debt, and inaccurate reporting. To see what customers think of EZ Pass and other debt collectors, take a look at the Better Business Bureau and the Consumer Financial Protection Bureau. Foreclosure.

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Better Credit Blog

FEBRUARY 15, 2021

While some companies have their own collections team, most outsource to agencies like FCO, who either buy your debt for pennies on the dollar or earn a fee for collecting debts for businesses. Debt collectors are notorious for their pushy collection attempts, faulty reporting, and poor responses to debt validation requests.

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Better Credit Blog

AUGUST 7, 2020

The same is true for disputing collections accounts if a debt collector is contacting you. Credit repair companies can help with several complex credit issues, including: Bankruptcy. Debt collectors. Foreclosure. That’s why it’s important to monitor your credit score, checking it often to catch any changes.

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Taurus Collect

JUNE 12, 2023

If clients fail to stick to their payment plans as agreed, debt collection agencies are often needed in order to help recoup any losses incurred. Did you know that there are six different resources your debt collector will use – such as credit bureaus and databases – that allow them access to your financial history and current whereabouts?

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Better Credit Blog

DECEMBER 2, 2020

Is your credit score suffering because of debt in collections? Debt collectors can add stress to your everyday routine, calling constantly, sending letters, and even worse, damaging your credit. But if their attempts don’t work, they will eventually turn your debt over to a debt collector. Foreclosures.

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Better Credit Blog

FEBRUARY 12, 2021

When your debt enters the collections stage, it will: Lower your credit score. Lead to constant letters and calls from debt collectors. These agencies could: Purchase your debts for pennies on the dollar, or. You should also learn what your rights are under the Fair Debt Collection Practices Act. Bankruptcies.

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Better Credit Blog

NOVEMBER 25, 2020

They can assist you with a lot more than a hard inquiry, with expertise in: Bankruptcy. Debt collectors. Foreclosure. These companies are well-equipped to evaluate and improve your score, confronting creditors, and bureau representatives to get to the bottom of your credit issues. Charge offs. Payment history.

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Better Credit Blog

JANUARY 29, 2021

In addition to disputing hard inquiries, they can also assist you with: Bankruptcy. Debt collectors. Foreclosure. There are several excellent credit repair companies that are experts at disputing inaccuracies and improving consumers’ credit scores. Charge-offs. Poor payment history. Repossession.

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Better Credit Blog

JANUARY 15, 2021

They’ll help you tackle a myriad of credit problems, like: Bankruptcy. Debt collectors. Foreclosure. And if hard inquiries are the least of your credit concerns, you have even more reason to consider working with one of these companies. Charge offs. Identity theft. Late payments.

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Better Credit Blog

JANUARY 27, 2021

Bankruptcy. Debt collectors. Foreclosure. Whether your biggest concern is a hard inquiry or you’re battling lots of credit problems, they’ll have your back. Here are a few of the credit issues they can help out with: Bad payment history. Charge offs. Repossessions. Ads by Money.

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Better Credit Blog

JANUARY 5, 2021

Bankruptcy. Debt collectors. Foreclosure. They’ll look at your entire report, getting all the inaccuracies deleted from it. They can also tackle some of the credit problems below: Charge offs. Late payments. Repossessions. Credit repair companies are an affordable and effective solution if your credit needs a boost.

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Better Credit Blog

AUGUST 21, 2020

Bankruptcy. Debt collections. Foreclosures. They can contact debt collectors, dispute claims, and more, boosting your score quickly. There are a lot of factors affecting your credit score , with some carrying more weight than others. Repossessions. Ask Credit Saint for Help .

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