Credit Corp

JANUARY 21, 2021

A collections notice shows up, a debt collector starts calling or you find a negative report on your credit history, but you know you paid the account in question. Can you sue a company for sending you to collections for money you didn’t owe? How Do You Sue a Collection Agency or Other Creditor?

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Better Credit Blog

NOVEMBER 17, 2020

Fortunately, there are a few strategies you can use to get a collections agency like MBA off your report and improve your credit score. What Is MBA Law Offices/Capio? MBA Law Offices isn’t a name you’ve likely encountered outside of your credit report, but they are a legitimate company. Get proof of the debt.

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Credit Corp

SEPTEMBER 12, 2023

When a lender doesn’t receive payments for a line of credit, like a credit card or personal loan, they may choose to eventually sell that credit to a debt collection agency to get some of their money back. So if you have a debt in collections, your credit score has likely taken a dip. Here’s how to do it.

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Better Credit Blog

APRIL 3, 2022

Portfolio Recovery Associates, LLC, is a collection agency that buys old debts from lenders and companies that have been unable to collect the debt themselves. Portfolio Recovery buys multiple accounts with old debt from companies that have given up and “charged off” the accounts. Ask Lex Law for Help.

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Account Recovery

SEPTEMBER 16, 2024

This case is a good reminder that when seeking to collect against third parties under the FDCPA, law firms and collection agencies should remember to include the initial disclosures to anyone who they plan to hold responsible for the debt. More details here.

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FDCPA Defense

FEBRUARY 20, 2012

Does the Consumer Financial Protection Bureau (CFPB) have the power to tell debt collectors to turn over their attorney-client privileged communications? Thus, the Bureau effectively believes it can obtain the privileged documents of any debt collector in the country. The answer may depend on who you ask. See Docket No.

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Collection Industry News

DECEMBER 21, 2020

Last week, the CFPB issued a Consent Order against a New Jersey based debt-collection agency (Agency) over allegations that the Agency regularly violated the FDCPA and the CFPA in the course of their collection activity.

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Better Credit Blog

AUGUST 31, 2020

Having debt in collections can be downright overwhelming, especially when debt collectors bombard you with dozens of phone calls. Debt collectors are notorious for harassing consumers when they seek repayment, calling excessively and threatening to take actions that may not be legal. Table of Contents.

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Better Credit Blog

APRIL 1, 2022

Is Credence Resource Management, LLC, contacting you about unpaid debts? The longer you avoid a debt collection agency like Credence, the more damage the agency can do to your credit score. Over the years, Credence has collected a lot of debt, earning a profit of $5 million last year.

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Credit Corp

JUNE 3, 2020

So, what happens when you don’t pay a bill or repay a debt? The company, creditor or collection agency has legal ways to pursue payment. Educate yourself on smart ways to pay debt collectors , and consider using the services of a debt management agency. One of those options is to sue you.

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FFGN COLLECT NY

JANUARY 13, 2021

As of today, New York does not require licensing for collection agencies or collection law firms. This is contrary to the licensing required of collection agencies by more than 20 states. Federal, State, and Local Regulations for Consumer Debt.

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UK debt collections

SEPTEMBER 2, 2021

A Five Step Process to Recovering your Debts in France. French debt collection agencies are particularly prevalent due to the country’s strong economic dependence on Small Businesses and Medium enterprises. To speed up this process you may choose to hire an experienced French law firm. . Invoke legal action.

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Collection Industry News

DECEMBER 21, 2020

Court of Appeals for the Ninth Circuit recently reversed an award of summary judgment in favor of a defendant debt collector against claims that it violated the federal Fair Debt Collection Practices Act (FDCPA) by attempting to collect a debt that was discharged in bankruptcy and no longer owed.

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Consumer Financial Services Law

APRIL 21, 2017

This week the CFPB filed suit in the Northern District of Ohio against Weltman, Weinberg & Reis, an Ohio law firm. The complaint is a continuation of the CFPB’s attack on collection law firms and their level of meaningful involvement. 1692e by not disclosing the true name of the debt collector.

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Collection Industry News

JUNE 1, 2023

The growing complexity of financial products, such as credit cards, mortgages, and student loans, has led to a surge in outstanding debts. This presents a substantial opportunity for debt collection agencies to assist lenders in recovering unpaid debts and managing default risks.

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FFGN COLLECT NY

FEBRUARY 10, 2021

The internet is awash with ads for collection agencies that promise to obtain money for you, but their harsh and aggressive collection techniques could reflect badly on your business. That’s why it’s important to hire a reputable collection attorney that knows how to collect B2B debt properly.

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Consumer Financial Services Law

JANUARY 11, 2018

A New Jersey district court recently held that a debt collection letter was not false or deceptive when it included court costs in its demand for the balance. 19, 2017), the collection law firm filed a collection suit seeking recovery of the balance due ($9,971.55), plus court costs. In Saroza v.

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The McHughes Law Firm

AUGUST 29, 2016

However, the cost of not collecting on debts is much higher and can impact the amount of money you have on hand for day-to-day operations. When you work with a debt collection attorney, the majority of funds collected still end up back in your ledger. 5: Debt Collectors Hound Debtors and Make Threats.

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Collection Industry News

SEPTEMBER 28, 2020

In all but one decision, the debt collector succeeded on either a motion to dismiss or a motion on the merits. The sole case where the debt collector’s motion to dismiss was denied occurred in New Jersey. 2 were decided on motions for summary judgment.

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FDCPA Defense

MAY 11, 2017

What exactly must a collection attorney do to ensure they are “meaningfully involved” in a file before sending a collection letter to a consumer? What steps must an attorney take to be “meaningfully involved” when filing a collection lawsuit? 2005), the letter was on the law firm letterhead, but was not signed by any attorney.

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FDCPA Defense

APRIL 17, 2019

Indeed, the “meaningful attorney involvement” theory has been embraced by the Consumer Financial Protection Bureau (“CFPB”) in its enforcement actions against large creditors’ rights law firms. The CFPB is expected to announce proposed debt collection rules in the near future that may incorporate the theory. In Clomon v.

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FDCPA Defense

JANUARY 28, 2012

Debt buyers are being sued based on the conduct of their agencies and law firms. Lawyers and agency owners are being sued based on the conduct of their clients and their collectors. How can debt collectors avoid liability for the conduct of others? Stewart Title Co. , 2d 1197, 1208 (5th Cir.1985)

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Consumer Financial Services Law

APRIL 10, 2018

Choe The Western District Court in New York has held that a debt collector did not violate § 1692e(10) of the FDCPA. Specifically, Plaintiff (the consumer) found issue with the following language in Defendant’s (the debt collection agency) form collection letter: “These settlement offers may have tax consequences.

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Collections Law

JULY 1, 2020

Cohen LLC will work relentlessly to make sure you recover your bad debt. Collection agencies are passive organizations that make the same effort you were making before you brought them on board. Do not waste any time with agencies or attorneys who merely dabble in commercial debt collection or judgment enforcement.

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Collections Law

MAY 7, 2020

This local company turned to us after seeing minimal progress with a collections agency and were able to receive their monies without alienating their client. The following video provides more information on their story and how the Law Offices of Alan M. Contact the Law Offices of Alan M. Eastern Equipment Sales, Inc.,

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FDCPA Defense

AUGUST 16, 2012

If you are a collection professional working for a creditor, debt buyer, collection agency or collection law firm, and you have not yet added the website for the Consumer Financial Protection Bureau (CFPB) to the favorites on your web browser, it is high time that you do so.

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Consumer Financial Services Law

JANUARY 3, 2018

By Zachary Dunn The FDCPA prohibits a debt collector from using “any false, deceptive, or misleading representation” in connection with the collection of a debt. Though all statements in ARS’ letter were factually correct – including the statement that Islam’s debt was $14,413.78 See 15 U.S.C. In Islam v.

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PDC Flow

AUGUST 18, 2020

Soon enough, I began representing debt collectors , defending them against consumer litigation and helping them build compliance programs in their nationwide businesses. Since the early 2000s I’ve been representing debt collectors, debt buyers, creditors, and attorneys. It was really by accident.

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UK debt collections

NOVEMBER 13, 2020

As reported rises in late payment of invoices start to take their toll, Businesses are looking to source a cost effective solution to collect unpaid invoices. There is a darker side to the Debt Collection industry. The great No Win No Fee Debt Collection gamble. Choosing a Debt Collection Agency to work with.

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Account Recovery

OCTOBER 28, 2024

Plaintiff’s counsel is on a state-wide rampage trying to hold debt buyers and debt collectors liable under an obscure licensing statute. WHAT THIS MEANS, FROM CHUCK DODGE OF HUDSON COOK: This decision is a mixed one for the defendant, a law firm. The ruling, delivered by Judge Daphne A. More details here.

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