Credit Management Company

SEPTEMBER 30, 2022

When individuals or businesses fall behind in payments, the situation often results in frustration and a breakdown in communication for both the debtor and the creditor. Building positive relationships, or at least productive ones, goes beyond the baseline step of following the Fair Debt Collection Practices Act (FDCPA).

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True Accord

JUNE 19, 2020

Point of Sale finance companies like Affirm and Afterpay are making it simple for consumers to pay for more expensive goods in installments. Banks with decades (or even centuries) of history have quickly accessible apps that give consumers immediate access to their accounts. Debt collection can’t miss out on this digital revolution.

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Credit Management Company

JULY 14, 2021

Preferred Collection and Management Services, Inc. and what it could mean for the debt collection industry. The debt collection company electronically sent the following information to its third-party vendor: The consumer’s name and address. Name of the creditor. Background on This Case. Balance owned.

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CSA

NOVEMBER 11, 2020

Debt collection companies who are members of the Credit Services Association (CSA) are signed up to an industry Code of Practice , designed to ensure that customers can be helped along the road to becoming debt free. At the CSA, we?ve CSA members always put customers at the heart of everything they do. Once you have engaged, you?ll

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Better Credit Blog

APRIL 3, 2022

Portfolio Recovery buys multiple accounts with old debt from companies that have given up and “charged off” the accounts. In other words, when the original creditor has been unsuccessful in collecting on a debt, it will write off the debt as a loss. Don’t give a debt collection agency your bank account numbers.).

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Better Credit Blog

APRIL 1, 2022

If you’re unable to pay your original creditor, your debt may pass to a debt recovery agency, earning a collection letter and possibly a stain on your credit report. CCS is a debt purchasing company, and most likely purchased the debt. This means that you’re not dealing with the initial creditor. Why ask for proof?

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Better Credit Blog

SEPTEMBER 11, 2020

Also known as Collection Company of America, EOS CCA is a large collection agency that currently employs about 6,000 employees. They collect a variety of debts including those from banks, telecommunication companies, student loan providers, college and universities, and more. What is EOS CCA?

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Collection Industry News

DECEMBER 1, 2022

But if you’ve let it go unpaid for months, your issuer could pass it on to one of over 7,000 third-party collections agencies in the U.S. For instance, a number of card issuers — including Amex , Bank of America , Chase and more — have stepped forward to offer financial assistance programs in light of the coronavirus pandemic.

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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. Wells Fargo Bank , N.A.,

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Better Credit Blog

APRIL 1, 2022

Credence collects for several major companies in the following industries: Healthcare. Most commonly, Credence collects for popular telecom providers of cable, satellite, and mobile services like AT&T and DirectTV. Again, be sure your negotiations with a creditor are documented in writing.

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Better Credit Blog

OCTOBER 2, 2020

In terms of clientele, Aargon Agency Inc collects on behalf of banking, entertainment, finance, medical, real estate, retail, and utility industries. Aargon Agency Inc is a legitimate debt collection company, but this does not mean that they are necessarily pleasant to work with. Get a Free Copy of Your Credit Report.

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Collection Industry News

JANUARY 19, 2021

Two of the largest debt collectors, Encore Capital Group and Portfolio Recovery Associates, have been seeing significant increases in collections, according to their quarterly financial statements. We have continued to generate unprecedented cash collections,” Portfolio Recovery Associates said in a recent financial statement. “We

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Troutman Sanders

MAY 2, 2023

Senate Committee on Banking held a full committee hearing, titled “Oversight of the Credit Reporting Agencies.” In his opening statement, Ranking Member Tim Scott (R-SC) hoped that consumer financial companies continue taking “the subjective nature out of lending.” For more information, click here. On April 27, the U.S.

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Collection Industry News

JANUARY 13, 2025

But for many patients, the hospital groups moves fall short of taking full responsibility for the years of real-world hardships its billing and collection practices have caused. They say the chains tactics drained their bank accounts, ruined their credit and, in some cases, helped push them into bankruptcy.

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