Better Credit Blog

APRIL 4, 2022

The next time a collector contacts you regarding a 10-year-old debt, don’t be afraid to offer them a debt settlement of pennies on the dollar. Many collection agencies purchase old debts from various companies after the company has written off the debt. Never Give Them Your Personal Information.

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Better Credit Blog

APRIL 11, 2022

Debt Settlement. The debt settlement method is closely related to DMPs, but there are differences. When you work with a debt settlement company, they create a savings account in which you contribute monthly payments. A debt settlement company is for-profit. Bankruptcy. bankruptcy.

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Sawin & Shea

AUGUST 24, 2020

Debt settlement with the wrong organization or a scam can destroy your credit. It can be costly with lots of overhead fees and can take years to reach a settlement. Consult with a bankruptcy lawyer about what your debt negotiation options are. Debt collection agencies can be thoroughly unpleasant.

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Debt RR

APRIL 5, 2022

However, if you do not pay, you could either assign the debt, sell the debt to a commercial debt collection agency, or get sued for the commercial debt. Getting sued for commercial debt via a civil litigation lawsuit can be detrimental to your business. Usually, you will have 90 to 120 days to pay.

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The Kaplan Group

OCTOBER 19, 2020

FDCPA ( Fair Debt Collection Practices Act). The Fair Debt Collection Practices Act (FDCPA) is a federal law that restricts the behavior of collection agencies when they are attempting to collect money from individuals. The law does not apply to collecting from businesses. Acceleration Clause.

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PDC Flow

FEBRUARY 29, 2024

For many consumers, a tax return is the perfect opportunity to take control of outstanding debts. That’s why tax refund season is one of the busiest times of the year for debt collection agencies. Does your agency take advantage of tax refund season to boost revenue and close more accounts?

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Taurus Collect

DECEMBER 30, 2022

Ultimately, they can also hire a debt collection agency to pursue the money you owe to them. Read on to understand how to respond when your debt is sent to collections. You may panic upon learning that there is a debt collection agency after you to retrieve the amount you owe to your creditors.

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Better Credit Blog

APRIL 1, 2022

To remove Capital One Collections from your credit report, you first need to know who currently owns the debt. In other words, has Capital One sold your unpaid credit card debt to another collection agency, or is the debt still with Capital One? Why would this kind of debt settlement work?

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Sawin & Shea

FEBRUARY 2, 2022

Debt Settlement. Debt settlement is an option, but it should be the thing you consider last because it generally requires you to default with your creditors first. If a creditor does not want to participate, they can still pursue you in all the ways allowed by law including lawsuits and wage garnishments.

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Debt Guru

AUGUST 30, 2021

When your voicemail is filled with messages from collection agencies and stacks of bills arrive in your mailbox that you have no chance of paying, it’s time for some serious debt relief help. Debt Settlement. But before you seek relief from a professional, you should understand your options.

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Credit Corp

FEBRUARY 9, 2024

Debt relief won’t hurt your credit alone. Debt relief and debt settlement options don’t hurt your credit score on their own. These programs aim to help reduce your debt and if that debt is revolving credit, it can reduce your credit utilization and improve your credit.

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Taurus Collect

NOVEMBER 15, 2023

How to File a Complaint About Unacceptable Debt Collection Practices Lodge a Complaint with the Debt Collection Agency: In the UK, it’s advisable to first lodge a complaint directly with the debt collection agency involved.

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Nexa Collect

JULY 1, 2020

If your name changes or has variations, make sure that you’re consistently using your official name and that you notify the three credit bureaus of any changes as soon as possible. You may have paid your debt to a collection agency, but they still reported it by mistake. Same debt listed twice or incorrect balances.

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Qualco

JANUARY 26, 2024

Greece: Out of Court Workout process Legal Provisions in Greece such as the " Katseli Law" aim to protect debtors' primary residences from foreclosure and eviction due to over-indebtedness , by provid ing avenues for debt relief while allowing debtors to keep their homes.

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Qualco

JANUARY 26, 2024

Greece: Out of Court Workout process Legal Provisions in Greece such as the " Katseli Law" aim to protect debtors' primary residences from foreclosure and eviction due to over-indebtedness , by provid ing avenues for debt relief while allowing debtors to keep their homes.

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Credit Corp

JANUARY 9, 2025

Regardless of which strategies you choose, youll learn how to pay off your credit card debt faster, helping you save money on interest and boost your credit score. Negotiate a Debt Settlement Best for: People who can afford to make a lump sum payment Many people dont realize that they can settle their debt for less than what they owe.

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Qualco

NOVEMBER 7, 2023

To identify the best solution for Non-Performing Loans (NPLs) , stakeholders such as lenders, servicers, and debt collection agencies need to deploy all available tools, starting a thorough appraisal of the NPL portfolio via a dedicated Workout Unit. Several member nations of the European Union have adopted this approach.

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Sawin & Shea

NOVEMBER 8, 2023

Collection Agency Involvemen t: After being 90 days delinquent on a credit card payment, the company might send you to their collections department. This means you will be contacted (usually A LOT) by their debt collectors to arrange payment. This results those late payments being reported on your credit report.

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Better Credit Blog

FEBRUARY 17, 2021

The best way to improve your credit score is to remove the Fidelity Collections’ collection account from your credit report. About Fidelity National Collections. Based in Alliance, OH, Fidelity Collections is a debt collection agency that specializes in collecting medical debt.

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Better Credit Blog

NOVEMBER 25, 2020

Founded in 2016, Assetcare LLC is a small debt collection agency that is headquartered in Sherman, TX. They also conduct business under the name CF Medical VI LLC and collect exclusively on behalf of medical and health care providers. Debt Validation. Debt Settlement. What is Assetcare LLC?

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Better Credit Blog

NOVEMBER 25, 2020

Founded in 2016, Assetcare LLC is a small debt collection agency that is headquartered in Sherman, TX. They also conduct business under the name CF Medical VI LLC and collect exclusively on behalf of medical and health care providers. Debt Validation. Debt Settlement. What is Assetcare LLC?

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Collection Industry News

JUNE 10, 2024

If you still haven’t paid the bill after several months, the debt may be sold to a medical collections agency, which will try to collect on it. How long does medical debt stay on your credit? Medical debt is not reported to credit bureaus as long as it remains with your healthcare provider.

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Burt and Associates

FEBRUARY 3, 2025

High Levels of Unpaid Invoices According to the Findex report , overdue invoices are a leading cause of business debt : 80% of small businesses experience late payments. Implementing a strong accounts receivable process, setting clear payment terms, and working with a commercial collection agency can ensure faster payment recovery.

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Credit Corp

MARCH 4, 2025

Taking the proactive step of negotiating debt with creditors offers several key benefits. Negotiating a debt settlement allows you to find a solution that works for both parties. This documentation can be helpful if you need to dispute charges or escalate a dispute to a credit bureau or a consumer protection agency.

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