Credit Corp

JULY 20, 2020

Once your debt is charged off, your creditor will send a negative report to one or more of the credit reporting agencies. It may also attempt to collect on the debt through its own collection department, by sending your account to a third-party debt collector, or by selling the debt to a debt buyer.

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Better Credit Blog

FEBRUARY 4, 2021

Since DFS is a third-party debt collector, they don’t always maintain the records needed to substantiate their claims. If they can’t present you with definitive proof that the debt belongs to you, they’ll have to remove it from your report. Bankruptcy. Identity fraud. Foreclosures. Poor payment history.

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Better Credit Blog

NOVEMBER 4, 2020

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. If you think you’re on RCS’s list in error, you should start with this approach.

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Debt collector Third-party Debt Collectors Collection Agencies Collections Agency 67

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. Repossession. Charge offs. Hard inquiries.

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Better Credit Blog

OCTOBER 14, 2020

The Fair Debt Collection Practices Act requires debt collectors to prove that your debt is legitimate. If you send AFS a debt validation letter within 30 days, the agency is required to show documentation of your debt. Dealing with Accelerated Financial Solutions.

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Debt collector Third-party Debt Collectors Collection Agencies Collections Agency 52

Better Credit Blog

NOVEMBER 5, 2020

Debt validation is obviously the way to go if RMS is contacting you in error about a debt that you either paid off or one that was never yours to begin with. However, even if you know that the debt is legit, you could still find success with this strategy.

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Better Credit Blog

FEBRUARY 19, 2021

This strategy is worth a shot whether you believe the debt is legitimate or not. Third-party debt collectors do not always have adequate documentation to see their collections efforts through. They’re also well-equipped to help you bounce back from credit problems like: Bankruptcy. Inaccurate hard inquiries.

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Better Credit Blog

OCTOBER 5, 2020

Debt validation doesn’t always work. While it’s often effective with third-party debt collectors, there’s a good chance AT&T will have the records needed to validate your debt. Arrange a Pay-for-delete Agreement. This is especially true if your credit issues are complex.

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Better Credit Blog

OCTOBER 2, 2020

Credit repair companies also help out with issues like: Bankruptcy. Their assistance can also be key to recovering from identity theft, which could be to blame for debt collectors contacting you. Third-party collections. Third-party debt collectors are often hired by agencies to collect on unpaid debts.

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Better Credit Blog

SEPTEMBER 21, 2020

Credit repair companies can also help out with trickier credit situations, helping you to recover after bankruptcy or other legal issues surrounding your credit. Capital Management Services is a third-party debt collector, meaning they profit by collecting unpaid debts from consumers.

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Debt collector Third-party Debt Collectors Collection Agencies Collections Agency 52

Better Credit Blog

SEPTEMBER 17, 2020

The Fair Debt Collection Practices Act provides you with yet another advantage, the ability to ask collections agencies to provide validation that you owe what they claim you do. Since A1 Collections is a third-party debt collector, there’s a strong possibility they don’t have the documentation they need.

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Better Credit Blog

AUGUST 31, 2020

Once you’ve been contacted by the agency, you’ve got 30 days to submit a debt validation letter demanding documentation of the debt. If you’ve been targeted by debt collectors over a debt that doesn’t exist, this one is a no-brainer. Their services can be well worth the cost, raising your credit score quickly.

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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. Bankruptcy. First National is a certified collections agency headquartered in Nevada. Foreclosure.

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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. Bankruptcy. First National is a certified collections agency headquartered in Nevada. Foreclosure.

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Better Credit Blog

FEBRUARY 5, 2021

If they can’t provide documents that prove your ownership of the debt, the entry will be deleted from your report and their calls and letters will stop. Because third-party debt collectors don’t always have the documentation they need to see their collections attempts through. Bankruptcy. Identity fraud.

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Better Credit Blog

OCTOBER 19, 2020

Companies opt for assistance from third-party debt collectors like ACT when they are unsuccessful at collecting payments. These debt collectors either buy the debts from the companies (for pennies on the dollar), or they are hired to help with the collections process.

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Better Credit Blog

OCTOBER 19, 2020

Companies opt for assistance from third-party debt collectors like ACT when they are unsuccessful at collecting payments. These debt collectors either buy the debts from the companies (for pennies on the dollar) or they are hired to help with the collections process.

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Better Credit Blog

FEBRUARY 22, 2021

Frontline Asset Strategies is a debt collector that you may hear from when you start to miss payments. They are a third-party debt collector that specializes in recovering unpaid bills from consumers like you or me. After all, you want to make sure that whoever it is will do a good job.

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Troutman Sanders

MARCH 21, 2023

The bulletin details recent findings by CFPB examiners that certain loan servicers illegally returned loans to collections after bankruptcy courts discharged the loans. For more information, click here.

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Account Recovery

OCTOBER 30, 2024

The background: The case was filed after the plaintiff alleged that the defendant continued to attempt collection activities even after the plaintiff had filed for Chapter 7 bankruptcy protection. The defendant attempted to collect the debt using a different name, which implied that an independent third party was involved.

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Collection Industry News

JULY 6, 2021

“We will remain in dialogue with Congress regarding the issue of consumer debt for medical care.”. Those deductibles can lead to significant debt’. Medical debt is the leading cause of bankruptcy in the U.S.

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