Credit Corp

MAY 19, 2021

Overwhelmed with debt? Whether it’s unpaid credit card debt or medical bills, you might feel like you have nowhere to turn. If you’re seriously considering uprooting your life just to avoid debt, you probably have a few questions. To avoid a collection agency, and your debt, simply move out of the country.

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Re:Ceeve

JULY 9, 2020

The problem typically started when they took on student loans. These loan amounts grew to become a burden that never let them hit life’s major milestones in time. In America, Federal Reserve Data indicates that the percentage of Americans under 35 with credit card debt has dropped to its lowest level since 1989.

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Credit Corp

DECEMBER 14, 2020

Whether you have medical debt, credit card debt or unpaid student loans , getting calls or letters from debt collection companies can be frustrating. But it’s especially frustrating if your debt is several years old. Settle it.

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Collection Industry News

JUNE 29, 2024

Consumer debt continues to accelerate at an alarming rate—particularly credit card debt—driven by a culture of consumption. Credit card debt is one of the most worrisome due to the high interest rates charged by credit card companies, which can leave consumers with never-ending debt loads.

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Taurus Collect

JUNE 16, 2022

Having debts in the collection primarily means that a third party is pursuing you to retrieve payments for your debts on behalf of your creditors. Debt collection is a process that gives debtors certain rights that debt collection agencies must respect. Taurus Collections (UK) Ltd.

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Credit Corp

MAY 9, 2023

So, be sure to save any payments made or communications you had with any creditor or collections agency. When the clock for the statute of limitations on debt begins varies from state to state. It either starts when you miss your first payment or when you have the last communication with the creditor or debt collector.

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Better Credit Blog

SEPTEMBER 9, 2020

Originally founded in 1975, Sunrise Credit Services is a medium-sized debt collection agency that employs about 600 employees. They are headquartered in Farmingdale, NY, and are known as a “late-stage” debt collector, which means they may have purchased the right to collect the debt from the original creditor.

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Better Credit Blog

APRIL 11, 2022

Although accruing lots of debt isn’t ideal, it may sometimes be unavoidable, such as mortgage payments or student loans. In these situations, debt is considered positive mainly because your financial objective has value and long-term benefits. Debt Consolidation. Credit Counseling. Ads by Money. bankruptcy.

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Debt Recoveries

OCTOBER 24, 2021

Reading Time: 4 minutes Being a debt collection agency, we often receive queries asking for advice as to how one can get themselves out of debt. It’s not always easy and sometimes, paying off debts can take years. . Write a Budget. Pay more than the minimum payment. Don’t be afraid to ask for Help.

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Collection Industry News

MARCH 19, 2024

Today, about 61% of American households have credit card debt and the average credit card debt balance sits at $5,875. And we’re seeing consumers often need help to organize the different debts.” million borrowers missed their student loan payment, equating to 40% of loan holders.

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Better Credit Blog

OCTOBER 14, 2020

Asset Recovery Solutions, LLC, is a completely legit debt collection agency headquartered in Illinois. While you might not be familiar with Asset Recovery Solutions, it collects on a wide range of debts, such as: Auto loans. Consumer debts. Credit card debt. Retail debt.

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Collection Industry News

JUNE 1, 2023

Expanding Debt Markets: Debt markets have witnessed significant expansion in recent years, both in developed and emerging economies. The growing complexity of financial products, such as credit cards, mortgages, and student loans, has led to a surge in outstanding debts.

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Troutman Sanders

MAY 9, 2023

On May 1, the Federal Trade Commission (FTC) announced a permanent ban from debt relief telemarketing for operators of debt relief scam. The FTC charged the defendants with taking tens of millions of dollars from people by falsely promising to eliminate or substantially reduce their credit card debt.

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Credit Corp

SEPTEMBER 12, 2023

If you make enough to repay your debts responsibly, that improves your application. Delinquent or collections accounts: An account is delinquent if you miss a payment due date. If you miss enough payments for lenders to transfer your account to a collection agency or sell it to a debt buyer, it becomes a collections account.

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Sawin & Shea

AUGUST 30, 2023

Certain taxes: Your bankruptcy attorney will be able to provide more details about this but debts to the IRS or to the Indiana Department of Revenue that are older than 3 years may be discharged. Most federal student loans. Unscheduled debts: These are debts you neglected to list when you filed for bankruptcy.

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Taurus Collect

JANUARY 24, 2023

In addition to traditional communication methods, many debt collection agencies also use other tactics, such as sending frequent emails and letters in an effort to motivate delinquent accounts into making payments or entering into payment arrangements.

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Credit Corp

FEBRUARY 13, 2025

In many cases, debt settlement companies will wait until your creditors charge off your debt and sell it to a debt collection agency, which the debt settlement company can then work with. In addition, debt negotiation is generally not an option for certain loans like a mortgage or car loan.

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Credit Corp

JULY 7, 2021

That’s what Credit.com reader Dave, who says he can’t afford to pay off the old debts he owes, asks: My credit card debt is roughly $12,000. In California, is there a 3 or 4 years of limit by which the collection agency can file lawsuit? Reduce Your Student Loan Payments. Compare Your Options.

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Collection Industry News

AUGUST 6, 2023

Federal student loan borrowers have had a break from paying back their student loans for over three years now. Though the forbearance may have given them breathing room, helped them add to their savings or pay down other debts, inflation creeping up throughout 2022 undermined a lot of that progress.

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Troutman Sanders

OCTOBER 4, 2021

In reviewing the market for potential consumer harm, the report presents the latest research on consumer card use, cost, and availability. From a 2019 peak of $926 billion, credit card debt fell to $811 billion by the second quarter of 2020 — the largest six-month decline on record — before reaching $825 billion by the end of the year.

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Troutman Sanders

AUGUST 2, 2021

million, to people who lost money to credit card debt relief schemes. On July 29, Virginia Attorney General Mark Herring announced that he joined a multistate amicus brief , advocating for the rights of federal student loan borrowers. For more information, click here. For more information, click here.

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