Banks Legal Rights Original Creditor 
Debt Free Colorado
FEBRUARY 21, 2022
You have rights to help you gain control over your debt collection interactions. To learn more about pursuing your legal rights, contact your state’s local consumer agency. The Fair Debt Collection Practices Act (FDCPA) does not apply to original creditors or cover company obligations.
Credit Corp
JUNE 1, 2023
There are many kinds of debts that can be sent to collections, including: Credit card payments Student loans Medical bills Rent payments Utility payments Auto loans Personal loans Tax debt The time it takes the original creditor to transfer your debt to collections varies. This is done with a pay for delete letter.
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Troutman Sanders
OCTOBER 17, 2023
The appellate division held that the NJ Licensing Act does not provide for a private right of action and violations are only enforceable by the Commissioner of Banking and Insurance. Instead, the offending conduct was misrepresenting “that it had the legal right to collect on the account when it lacked the proper license to do so.”
Taurus Collect
OCTOBER 30, 2023
Consumer Debt Collection: This involves the collection of personal debts owed by individuals, usually to banks or credit card companies. This letter outlines the amount owed, the original creditor, and offers a specific timeframe to settle the debt. Commercial debts are often more substantial and complex than consumer debts.
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