PDC Flow

FEBRUARY 27, 2025

The debt collection process can be tricky. Collection agencies must follow regulations strictlyor youll find your business in jeopardy. Compliance can be even harder when scammers actively try to disrupt your debt collection practices through call baiting. Education: Educate your employees.

Collections 52

Collections Debt collector Debtor Fair Debt Collection 52

Nexa Collect

JUNE 24, 2023

You should discuss these points with the compliance superior of your collection agency. Since collection agencies fall under GLBA laws, they are subjected to the same strict laws as large financial institutions like banks. They should be educated about the importance of data security and privacy.

Debt collector 100

Debt collector Collection Agencies Collections Agency Debtor 100

True Accord

FEBRUARY 11, 2025

While it is not expected to pass, it is a prime example of the misunderstandings around these technologies and emphasizes the need to educate and advocate for digital adoption because consumers largely prefer these sorts of methods. TrueAccord is a licensed, bonded, and insured collection agency in all jurisdictions where we collect.

Collections 74

Collections Acquisition Fair Debt Collection Government 74

National Service Bureau

JUNE 10, 2015

In reality, debt collection agencies are the most useful means to get someone who has a legitimate contractual obligation to make good on their promise so that the honest businessman (perhaps yourself or your company) on the other side of the trade doesn’t get left holding the bag. Are they licensed and do they need to be?

Collection Agencies 40

Collection Agencies Collections Agency Collections Debtor 40

Sawin & Shea

AUGUST 24, 2020

Debt collection agencies can be thoroughly unpleasant. While debt collectors can be persistent, the Fair Debt Collection Practices Act (FDCPA) was in place to stop collector harassment, and it’s good to stay educated about what debt collectors can and can’t do.

Chapter 13 bankruptcy 98

Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Debt collector 98

Better Credit Blog

NOVEMBER 3, 2020

Advanced Collection Services is a debt collector that works on behalf of other companies to get people to pay up on their old debts. The problem is that sometimes they get information wrong and try to collect the wrong amount or from the wrong person. Steps to Remove Advanced Collection Services from Your Credit Report.

Collections 98

Collections Collection Agencies Collections Agency Debt collector 98

Better Credit Blog

OCTOBER 14, 2020

Ability Recovery Services, LLC, is a bona fide debt collections agency that has been operating since 2011. Though the agency is headquartered in Pennsylvania, they collect on consumer debt nationwide. ARS collects on debts for several types of businesses, including: Telecommunications services.

Debt collector 81

Debt collector Fair Debt Collection Collection Agencies Collections Agency 81

Better Credit Blog

FEBRUARY 15, 2021

Though you may be unfamiliar with Fairway, the agency collects on a wide range of consumer debts, including the following: Health insurance billing and follow-up. Self-pay collections. Education loans, tuition, fines and fees. After some time, they may turn your debt over to collections.

Collections 74

Collections Collection Agencies Collections Agency Debt collector 74

Payment Savvy

JUNE 24, 2020

This is where collection agent incentive programs come in to save the day. These incentive programs motivate debt collection agents to work harder and, in turn, keep your collection agency in the black. Collection Agents Bring in Revenue. Agents play a pivotal role in the debt collection agency.

Collection Agent 52

Collection Agent Collections Collection Agencies Collections Agency 52

Better Credit Blog

AUGUST 7, 2020

When a debt collection agency contacts you, it also does damage to your credit score. While owing money to a debt collector can harm your credit score and confronting the agency might seem like a daunting task, there’s no need to worry. And you may not have to pay the collections agency a dime in the process.

Fair Debt Collection 52

Fair Debt Collection Debt collector Collection Agencies Collections Agency 52

The Kaplan Group

OCTOBER 19, 2020

Instead, I suggest you do what you can to educate yourself about your options. 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.

Credit Counselor 59

Credit Counselor Garnishment Debt settlement Fair Debt Collection 59

Better Credit Blog

AUGUST 4, 2020

If you’ve been contacted by a debt collection agency, there’s a right and a wrong way to deal with them and get your credit back on track. While picking up the phone and handing over your payment info might stop the agency’s incessant calling, it won’t necessarily help with repairing the damaging effects to your credit score.

Collection Agencies 52

Collection Agencies Collections Agency Fair Debt Collection Debt collector 52

Better Credit Blog

AUGUST 21, 2020

MRS BPO LLC is a medium-sized debt collection agency based in Cherry Hill, NJ. They were originally founded in 2007, which makes them a relatively new debt collection company. MRS BPO LLC collects on behalf of a number of industries, including health care, credit cards, auto loans, telecom, and utilities.

Debt collector 92

Debt collector Original Creditor Collection Agencies Collections Agency 92

Better Credit Blog

SEPTEMBER 2, 2020

Send Avante USA a Debt Validation Letter. Thanks to the Fair Debt Collection Practices Act , debt collectors have to prove that you actually owe them the amount they’re claiming you do. Often times, debt collectors will settle for a smaller payment than what you actually owe. Debt buyers servicing.

Debt collector 52

Debt collector Collection Agencies Collections Agency Fair Debt Collection 52

Payment Savvy

JUNE 16, 2020

For example, the Fair Debt Collection Practices Act (FDCPA) prohibits abusive, deceptive, and unfair practices during debt collection. Educate Yourself on the Account. Remember that there are specific laws regulating communications between a collector and a debtor. The Payment Savvy Difference.

Collections 52

Collections Debtor Collection Agencies Collections Agency 52

Better Credit Blog

AUGUST 17, 2020

Instead, it’s an agency that purchases debts from companies, for pennies on the dollar, then collects payments from debtors. Cavalry SPV is one of the largest debt collection agencies in the nation. Headquartered in Valhalla, New York, Cavalry has been in the business of debt collection since 2002.

Debt collector 52

Debt collector Fair Debt Collection Collection Agencies Collections Agency 52

Better Credit Blog

OCTOBER 5, 2020

Penn Credit might pop up on your credit report under a few other names, such as: CBE Collections. Penn collection agency. Thankfully, you can get a collection off your report pretty easily. Try out one of the approaches below, and you could be collections-free in a few weeks. Get your debt validated.

Third-party Debt Collectors 53

Third-party Debt Collectors Debt collector Collection Agencies Collections Agency 53

Better Credit Blog

NOVEMBER 2, 2020

Have you failed to make payments on a debt that’s hanging over your head? Action Financial Services is a debt collection agency that may have been hired by the original owner of your debt. Action Financial Services is a medium-sized debt collection agency that is headquartered in Central Point, OR.

Financial services 74

Financial services Debt collector Collection Agencies Collections Agency 74

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.

Debt collector 101

Debt collector Loans Collections Creditors 101

Better Credit Blog

FEBRUARY 19, 2021

Collections also result in frequent phone calls and letters, which can impact your daily life negatively. The guide below will teach you more about how collections agencies work and provide you with clear instructions for getting a collections account deleted from your credit report. How Does DCM Services Work?

Collection Agencies 52

Collection Agencies Collections Agency Debt collector Third-party Debt Collectors 52

Payment Savvy

NOVEMBER 30, 2021

In 2020, the Consumer Financial Protection Bureau (CFPB) published two rules which implement the Fair Debt Collection Practices Act (FDCPA). Suppose your company works in the field of debt collecting, such as third-party debt collection firms , collection attorneys, debt buyers, or defaulted mortgage servicers.

Debt collector 52

Debt collector Debtor Fair Debt Collection Garnishment 52

Better Credit Blog

OCTOBER 19, 2020

Account Control Technology is a debt collector, and if they’re contacting you, it means you probably let a payment slip through the cracks. Confronting a collections agency about your debt can be stressful, especially when you’re receiving countless calls and constant messages from them. Aggressive collection attempts.

Debt collector 52

Debt collector Collection Agencies Collections Agency Third-party Debt Collectors 52

Better Credit Blog

OCTOBER 19, 2020

Account Control Technology is a debt collector, and if they’re contacting you, it means you probably let a payment slip through the cracks. Confronting a collections agency about your debt can be stressful, especially when you’re receiving countless calls and constant messages from them. Aggressive collection attempts.

Debt collector 52

Debt collector Collection Agencies Collections Agency Third-party Debt Collectors 52

Better Credit Blog

FEBRUARY 2, 2021

Is BGE Collections lowering your credit score? BGE Collections is a debt collection agency. If you fell behind on power payments from Baltimore Gas and Electric Company, their collections department could contact you. How to Contact BGE Collections. Hire a Credit Repair Company.

Collections 58

Collections Debt collector Third-party Debt Collectors Collection Agencies 58

National Service Bureau

SEPTEMBER 9, 2015

It’s no secret that student debt is at an all-time high. According to the US Department of Education, there are more than 40 million student loan borrowers who owe more than $1.2 A college education is practically the new high school equivalent - it’s pretty much expected to get a job. Let’s take a look at why….

Debt collector 40

Debt collector Student Loans Student loans Collection Agencies 40

True Accord

NOVEMBER 13, 2023

While attempting to provide additional protections for consumers when debt collectors reach out using digital channels, these NYDFS and NYC DCWP restrictions create unintended consequences that raise barriers for NY consumers to correspond with collection agencies in their channel of preference and hinder communication efforts.

Debt collector 111

Debt collector Creditors Collections Original Creditor 111

Better Credit Blog

FEBRUARY 12, 2021

Evergreen Professional Recoveries is a legitimate debt collection agency and member of the American Collectors Association. While you may not be familiar with the agency, they collect for popular lenders and providers across several markets. The FDCPA keeps debt collectors in line by: Restricting calls to 8 a.m.

Collection Agencies 52

Collection Agencies Collections Agency Debt collector Lender 52

Better Credit Blog

FEBRUARY 15, 2021

If you’ve received calls or letters from FCO Collections or noticed the name on your credit report, you probably have questions. Collections agencies like FCO may show up on your report when you forget to pay a bill or fall behind on your payments. Before you get in touch with the agency, take a look at the guide below.

Collections 52

Collections Collection Agencies Collections Agency Debt collector 52

FFGN COLLECT NY

DECEMBER 12, 2023

Is there a law in NYC that protects consumers and debtors from debt collecting agencies, businesses, and their attorneys? Suppose you are under constant pressure from these agencies and their legal representatives to settle your debt. You must inform consumers of their rights during the debt collection process.

Debtor 52

Debtor Debt collector Debt Buying Original Creditor 52

Taurus Collect

FEBRUARY 1, 2024

Understanding the Debt Collection Process The debt collection process typically initiates once a creditor concludes an account is non-performing, meaning the debtor has missed payments for several months. Agencies operating on this basis may take on cases they assess to have a higher likelihood of recovery.

Debt collector 52

Debt collector Debtor Creditors Collection Agencies 52

National Service Bureau

DECEMBER 9, 2015

These are important for debt collectors to avoid, especially because they’ve been emphasized recently. Read on to learn about trending items, and the hosts recommendations for collection agencies to avoid these pitfalls! Race-based bias in collection activities. Enforcement actions involving servicemembers.

Debt collector 40

Debt collector Collection Agencies Collections Agency Debtor 40

Collection Industry News

DECEMBER 28, 2020

After the dismissal, DNF hired a collection agency, Radius Global Solutions, LLC (“RGS”), to collect Reygadas’ debt. The action was that RGS sent an offer to settle the debt directly to Reygadas; the omission was that DNF allegedly failed to inform RGS that Reygadas was represented by counsel.

Debt collector 40

Debt collector Fair Debt Collection Judgment Collection Agencies 40

Better Credit Blog

AUGUST 21, 2020

If you have failed to pay a bill, you may begin to hear from a collection agency known as Radius Global Solutions. This means that Radius Global Solutions has acquired your debt from the original creditor and has opened a collection account on your credit report. A pay-for-delete settlement is exactly what it sounds like.

Debt collector 53

Debt collector Collection Agencies Collections Agency Original Creditor 53

Better Credit Blog

NOVEMBER 23, 2020

or FMS Corp, is a third-party debt collection agency headquartered in Tulsa, Oklahoma. The agency also has a location in Boise, Idaho. All in all, the agency is completely legit. collects on a wide range of debts from several industries, including: Education. What Is FMS Inc.? Retail cards.

Debt collector 52

Debt collector Collection Agencies Collections Agency Collections 52

Better Credit Blog

SEPTEMBER 18, 2020

National Credit Services is a medium-sized debt collection agency that is headquartered in Bothell, WA. Founded in 2000, they collect a variety of debt types such as higher education, healthcare, financial and commercial debt. This legislation is called the Fair Debt Collection Practices Act.

Debt collector 52

Debt collector Fair Debt Collection Original Creditor Collections 52

Collection Industry News

OCTOBER 12, 2020

The Court of Appeals for the Eleventh Circuit affirmed the dismissal of a Fair Debt Collection Practices Act (“FDCPA”) lawsuit finding Georgia’s six-month statute of limitations renewal statute did not apply to the FDCPA. In Edwards v.

Fair Debt Collection 40

Fair Debt Collection Collection Agencies Collections Agency Collections 40

Troutman Sanders

JANUARY 9, 2024

On January 2, the CFPB published a blog titled, “Holding Debt Collectors Responsible for False Statements.” CICA Collection Agency, a First Circuit case in which the CFPB has filed an amicus brief. The debt collector claimed that they were only responsible under the law when they intended to say something false.

Financial services 52

Financial services Student Loans Student loans Debt collector 52