Credit Corp

JANUARY 21, 2021

How Does the Law Protect Your Rights Regarding Credit Collections and Reporting? Numerous federal and state laws protect your rights to fair and accurate credit reporting. Some of those laws also cover your rights as a consumer to fair debt collection practices.

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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

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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Debt collector Collection Agencies Collections Agency Third-party Debt Collectors 84

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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Debt collector Collection Agencies Collections Agency Garnishment 87

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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FFGN COLLECT NY

JANUARY 13, 2021

Other complaints are linked to the lack of or failure to comply with licensing, the theft of monies collected for the benefit of creditors by the collection vendor, and more. New York Debt Collection Laws. As of today, New York does not require licensing for collection agencies or collection law firms.

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The McHughes Law Firm

AUGUST 29, 2016

5: Debt Collectors Hound Debtors and Make Threats. Debt collection is governed by the Fair Debt Collection Practices Act , which has specific guidelines for contacting debtors. The average consumer is far more likely to be responsive when contacted by a lawyer than by a collection agency.

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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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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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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. 1692, et seq.

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Lawyers Creditor's Rights Law Firms Creditors 40

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? If you have read the Fair Debt Collection Practices Act, 15 U.S.C.

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Collection Industry News

SEPTEMBER 28, 2020

The courts have routinely found that the least sophisticated consumer would not be confused about their rights in what is likely a typical letter sent by collection agencies. The courts have been ruling on these claims over recent months, and there seems to be a consensus: the claim fails.

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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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Collections Fair Debt Collection Banks Law Firms 40

FDCPA Defense

NOVEMBER 10, 2015

See Fair Debt Collection Practices Act, CFPB Annual Report 2015. The CFPB has also imposed new requirements for handling disputed debts in recent enforcement proceedings. The CFPB also required Encore to notify the collection agencies and law firms it retains whenever a debt has been previously disputed by the consumer.

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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. Even original creditors, who are not subject to the FDCPA, are being drawn into FDCPA litigation under various theories of recovery.

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Account Recovery

OCTOBER 28, 2024

WHAT THIS MEANS, FROM CHUCK DODGE OF HUDSON COOK: This decision is a mixed one for the defendant, a law firm. The opinion recites facts indicating that the law firm had at least four addresses in its system of record for the plaintiff, and tried to serve the collection lawsuit at three of them – all but her actual address.

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