Troutman Sanders

MARCH 22, 2023

An Illinois federal district court recently denied a creditor-defendant’s motion for summary judgment in a Fair Credit Reporting Act (FCRA) case brought by a consumer who questioned why his debt was being reported twice — as both a tradeline with the original creditor and as a tradeline with a third-party collection agency.

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Credit Corp

AUGUST 24, 2020

Once you’ve accomplished these tasks, you may still be wondering how to pay collections to a debt collection agency. Find out how to pay collections below. The Fair Debt Collection Practices Act (FDCPA) provides protection for consumers. Use that during negotiations with creditors. Verify the Debt.

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Nexa Collect

JULY 1, 2020

Experian reports that the lowest FICO credit score is 300, but no one really stays at such a low score once some financial history has been established. Other items on your credit report require more attention and follow-up. Improving Your Credit Score. And that’s encouraging to think about. What about the ‘invisibles’?

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Better Credit Blog

AUGUST 31, 2020

ConServe is a debt collection agency that may contact you regarding unpaid debts. They are a third-party debt collector, which means that they may be hired by your original creditor, or they may purchase your old debt on the chance that you pay them instead. You may be curious if ConServe is a legitimate company.

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Better Credit Blog

JANUARY 27, 2021

They are a particularly tenacious debt collection agency that will come after you until you pay up. Not only that, but they will wreak havoc on your credit score as well. Before contacting you for payment, a debt collector has to contact the major credit reporting agencies and open a collections account.

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Sawin & Shea

FEBRUARY 28, 2024

You can discharge an unsecured loan whether it’s current, delinquent, or in default, even if the original lender sold it to a collection agency or debt buyer. No-credit-check lending, such as payday and title loans, often comes with unreasonable fees and annual percentage rates (APR). Unsecured loans don’t have collateral.

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Credit Corp

OCTOBER 6, 2023

Despite the national average of Americans having over $9,000 in credit card debt per household, only 14% say they’re “very worried” about their debt. 67% of respondents said they have less than $2,000 in debt, which may indicate that only a concentrated number of people have high amounts of credit card debt.

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Credit Corp

FEBRUARY 21, 2023

Despite the national average of Americans having $9,000 in credit card debt per household, only 14 percent say they’re “very worried” about their debt. 67 percent of respondents said they have less than $2,000 in debt, which may indicate the national average means that a concentrated number of people have high amounts of credit card debt.

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Debt RR

AUGUST 3, 2020

Bank account garnishment is a collection procedure that is authorized by a court. When a creditor or a government authority sues a business or individual for an unpaid debt, one of the options for settling is for the court to give the creditor the right to pull the funds from a bank account. Writ of Garnishment.

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Better Credit Blog

AUGUST 19, 2020

Your history of making timely payments on debts has the biggest impact on your credit score. Every 30 days, creditors report to the major credit bureaus , telling them whether you make your payment or not. One late payment won’t make or break your credit score, but multiple missed payments can seriously hurt your score.

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Troutman Sanders

JANUARY 9, 2024

CICA Collection Agency, a First Circuit case in which the CFPB has filed an amicus brief. In that case, after an individual filed for bankruptcy, a debt collector sent the consumer a collection letter that said the consumer could be sued if they did not pay the debt — a process the CFPB believes is against the law.

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Troutman Sanders

MARCH 22, 2021

The advisory provides a list of steps a consumer can take to ensure that they have the full benefit of those funds by protecting them from bank and credit union setoffs if the consumer’s account is overdrawn. On March 10, the Oklahoma Senate passed a health care debt collection bill. For more information, click here.

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Better Credit Blog

SEPTEMBER 4, 2020

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. You won’t stop hearing from them until you pay them or remove their account from your credit report in another way.

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