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If you’re reading this article, I bet you’ve recently been contacted by a company called Portfolio Recovery Associates —and you may be wondering how to remove them from your credit report. Portfolio Recovery buys multiple accounts with old debt from companies that have given up and “charged off” the accounts.
The longer you avoid a debt collectionagency like Credence, the more damage the agency can do to your credit score. Should I Hire a Credit Repair Company? Credence Resource Management, LLC, is a debt collectionagency that was founded in Nevada in 2013, with its current headquarters in Dallas, Texas.
In January 2009, after a homeowner (“debtor”) fell behind on his homeowners’ association (HOA) dues, a lawfirm acting as a debt collector for the HOA sent notices to the debtor regarding the unpaid debt. The lawfirm filed a separate proof of claim for the HOA, and the debtor’s Chapter 13 plan was eventually confirmed.
The CFPB claims to have the right to obtain privileged documents from all “supervised institutions” as well as from any “service provider” (such as a lawfirm or collectionagency) who performs material services for a supervised institution. The answer may depend on who you ask. Wrong again.
Debt buyers are being sued based on the conduct of their agencies and lawfirms. Lawyers and agency owners are being sued based on the conduct of their clients and their collectors. 2000) (“[T]he debt collectioncompany answers for its employees' violations of the statute. See Pettit v. See, e.g., Scally v.
Across the land, some unsuspecting Small Business owners and Company CEO’s will be screaming “get some cheap debt collectors” or “find a no win no fee debt collectionagency” As with any service or product, cheap is rarely ever cheerful. There is a darker side to the Debt Collection industry.
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