Debt Collection Answers

MAY 18, 2023

The Fair Debt Collection Practices Act (FDCPA) and other laws provide you with rights and protections that you can use to fight back against such behavior. When dealing with a debt collector like ARS National Services, confirming that the debt is yours is important.

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Credit Corp

SEPTEMBER 12, 2023

Identify Errors Compare your credit reports to your financial records, like bank statements, and verify these details: Account numbers and identity information: Make sure account numbers match your personal records and that your name, address, and contact information are accurate.

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Better Credit Blog

APRIL 1, 2022

Make sure to follow through, because credit agencies can turn a simple collection into a judgment, legally garnishing wages or your bank account, you will be required to pay the full debt as well as legal fees. Debt Validation. If you can, try to settle with the original creditor.

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Credit Corp

AUGUST 24, 2020

In addition to requesting a written validation notice from the collector, verify with your state attorney general’s office or the Better Business Bureau that the collection agency is legitimate. The Fair Debt Collection Practices Act (FDCPA) provides protection for consumers. Bank Account Draft/ACH.

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True Accord

NOVEMBER 13, 2023

If these amendments become final, New York will be an opt-in jurisdiction instead of an opt-out jurisdiction, meaning debt collectors must communicate by telephone or letter to obtain consent to text or email, even when a consumer already opted into digital communications about their account.

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Better Credit Blog

SEPTEMBER 11, 2020

They collect a variety of debts including those from banks, telecommunication companies, student loan providers, college and universities, and more. Even if you pay off the debt, EOS CCA’s collection account will not disappear from your credit report. Steps to Remove EOS CCA from Your Credit Report.

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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. If an agreement is reached, avoid granting the company access to your bank account. CCS may haggle with you. Tips for Dealing with CCS.

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Taurus Collect

MAY 11, 2023

The debt collection agency will send letters, make phone calls and sometimes even visit the debtor in person to attempt to collect the debt. If the debtor still refuses to pay, the creditor may file a lawsuit and take the debtor to court.

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Credit Corp

AUGUST 31, 2021

Some debt buyers —companies that buy and try to collect very old debts—still go after borrowers and might even take them to court. If they do this knowing that the debt is past the statute of limitations, they may have violated the Fair Debt Collections Practices Act. You default on that debt.

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Debt RR

AUGUST 3, 2020

Depending on the nature of the debt and how communicative the debtor is (or isn’t), commercial debt collectors can employ other tactics like investigating other debt and performing a skip trace on the owner to establish contact. This could lead to bank account garnishment.

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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.

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Collection Industry News

APRIL 2, 2024

Our rating: False There is nothing illegal about collection agencies buying debt from third parties and attempting to collect it. The post also misrepresents the protections in place to prevent harassment by debt collectors. The $1,000 maximum is also per lawsuit, not per incident as the claim asserts.

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Better Credit Blog

AUGUST 11, 2020

Palisades Collection LLC, also known as ASTA Funding, is a small debt collection agency that is headquartered in Englewood Cliffs, NJ. As a third-party collector, they buy old debt from banks, credit card companies, hospitals, cell phone companies for pennies on the dollar in order to make money on the collections.

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Better Credit Blog

SEPTEMBER 18, 2020

This is a way that you can get the collection entry deleted on a technicality. Under the Fair Debt Collection Practices Act (FDCPA) , you have a right to request that a debt collector verify that the debt belongs to you before you make any payments on it. Never allow them direct access to your bank account.

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Better Credit Blog

SEPTEMBER 4, 2020

If you have heard from a debt collector called Rausch Sturm, you are probably being pursued for an old debt. You have also probably seen them appear on your credit report as a collections account. This is because Rausch Sturm has been hired by your original creditor to collect the debt on their behalf.

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Better Credit Blog

APRIL 5, 2022

Ask the Collection Agency to Validate the Debt. If you can’t find inaccuracies on your credit reports, write to the collection agency and ask it to validate your debt. The main issue here is that you have only 30 days to make the request after the collection agency first contacts you. AWA Collections.

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Credit Corp

JUNE 14, 2020

Suddenly, the debt reappears on your credit report, except now it’s a zombie debt. Zombie Debts and Judgments. If the original creditor went to court and obtained a judgment against you for a debt, the zombie debt cycle can be more complicated. It can also seem a bit more vicious.

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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. Fremont Ave.,

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