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Collection Agencies Fair Debt Collection Loans 
Account Recovery
OCTOBER 10, 2024
A District Court judge in Virginia has dismissed the majority of claims against several defendants in a Fair Debt Collection Practices Act class-action lawsuit, but allowed one key claim against a collection agency to proceed. The ruling: In the ruling, Judge M. Bank National Association.
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Account Recovery
NOVEMBER 11, 2022
Class-Action Over Not Using MVN; Judge Blocks Student Loan Debt Cancellation appeared first on AccountsRecovery.net.
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Account Recovery
NOVEMBER 5, 2024
The Federal Trade Commission has filed a lawsuit and received a temporary restraining order freezing the assets and taking control over a Georgia-based debt collection agency, Global Circulation, Inc., after it was accused of using deceptive and abusive tactics to collect debts from consumers.
130 
Account Recovery
FEBRUARY 18, 2025
More bankruptcies mean higher charge-offs for creditors and increased reliance on third-party collection agencies. With this uptick, regulatory scrutiny may rise, leading to more complaints and lawsuits under laws like the FDCPA (Fair Debt Collection Practices Act) and Regulation F due to errors in handling bankrupt debt.
Account Recovery
SEPTEMBER 14, 2020
A District Court judge in Connecticut has granted a motion to dismiss filed by a collection agency, a student loan servicer, and the plaintiff’s employer for allegedly violating the Fair Debt Collection Practices Act by attempting to garnish the plaintiff’s wages, because the statute of limitations on filing a claim had passed when the (..)
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Account Recovery
SEPTEMBER 14, 2020
Judge Grants MTD in Student Loan Collection Case; Unlicensed Debt Collector Arrested in N.C. appeared first on AccountsRecovery.net.
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Nexa Collect
JUNE 23, 2023
Collection agency letters can impact debtors, depending on factors such as the debtor’s financial situation, emotional state, and knowledge of their rights and responsibilities. Here are some potential impacts: Stress and Anxiety : Receiving a letter from a collection agency can cause significant stress and anxiety for debtors.
Nexa Collect
JUNE 21, 2023
If you ignore a debt collection agency, several potential consequences could affect your financial well-being and peace of mind: Persistent Contact : Debt collection agencies might persist in attempting to contact you through phone calls, letters, and possibly emails. This can be stressful and disruptive.
Account Recovery
JANUARY 20, 2025
Judge Grants MTD in FDCPA Case Over ID Theft A District Court judge in Illinois has granted a defendants motion to dismiss a Fair Debt Collection Practices Act case, ruling the plaintiff lacked standing after alleging violations related to a disputed debt originating from identity theft. More details here.
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Nexa Collect
JUNE 27, 2023
Recovering unpaid student loans is a systematic process. Just like mortgage recoveries, the steps can vary depending on the jurisdiction and the terms of the loan. Employ a Collection Agency : If the borrower is unresponsive or unwilling to pay, employ the services of a collection agency.
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Better Credit Blog
AUGUST 31, 2020
Debt collectors are notorious for harassing consumers when they seek repayment, calling excessively and threatening to take actions that may not be legal. What you may not know is that you are protected by the Fair Debt Collection Practices Act (FDCPA), a law designed to keep third-party debt collectors in check when they contact you.
Debt Free Colorado
FEBRUARY 21, 2022
When collecting a debt from you, collection agencies must adhere to federal and state rules. Fortunately, the federal Fair Debt Collection Practices Act (FDCPA) protects all states. To learn more about pursuing your legal rights, contact your state’s local consumer agency. or after 9 p.m.
Debt RR
SEPTEMBER 9, 2020
Due to the frustration they encounter when collecting debts, they may resort to outsourcing the debt collection process to a collection agency for small businesses. Collection agencies for small businesses are third-party establishments that collect overdue payments or funds from default accounts.
National Service Bureau
APRIL 15, 2015
Last week we wrote about 2014 CFPB complaints against debt collection agencies. Credit card collections again led the way with 1,660 complaints. Payday loan collections was the second worst category with 879 complaints. 5: Improper contact or sharing of information. 2,333 complaints in 2014. #4:
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. How Do You Sue a Collection Agency or Other Creditor?
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Credit Corp
JUNE 1, 2023
When you default on a payment, the company you owe may sell your debt to a third-party collection agency. When this happens, it means your debt has gone to collections and debt collectors from the collection agency will now try to contact you for payment. Is It Worth It to Pay Off Collections?
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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?
Better Credit Blog
APRIL 4, 2022
Regardless of what a debt collector might tell you, you have a lot of rights when it comes to how debt can be collected. In fact, merely mentioning that you understand your rights will, many times, stop debt collectors in their tracks. Your rights come from the Fair Debt Collection Practices Act (FDCPA).
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Better Credit Blog
APRIL 1, 2022
A good credit score allows you to get better rates on car or mortgage loans just to name a few. If you fall into hard times, the inability to pay off your credit card bills or student loans can result in your debts being transferred to a debt collection agency.
Collection Industry News
APRIL 2, 2024
The claim: It is illegal for collection agencies to buy debt and ‘come after you’ if you send a cease-and-desist letter A March 27 Facebook post (direct link, archive link) offers advice for consumers facing debt collection. “It It) happens to probably most debts that go unpaid.”
Sawin & Shea
AUGUST 24, 2020
Whether or not you file for bankruptcy also depends on the kind of debt you have. Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt.
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.
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.
Sawin & Shea
JULY 20, 2022
Have you ever been incessantly contacted by a debt collection agency trying to get money from you? Many individuals experience unwanted contact from debt collectors and are unsure how to approach the situation. In this blog, we discuss what debt collectors in Indiana can and cannot do according to the law.
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. Mortgages and loans. How to Deal with Fairway Collections. Utility bills.
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Direct Recovery
NOVEMBER 14, 2021
Whether you are someone in the debt collection industry or just a consumer that wants to understand their rights better, let’s take a few minutes to break down the details of each bill from a debt collection perspective. Fair Debt Collection Practices Act.
Better Credit Blog
OCTOBER 30, 2020
Is Ad Astra Recovery Services stressing you out with calls about outstanding debts? Being contacted by a collections agency can be frustrating, but the damage to your credit score can be far worse than their persistent phone calls and letters. Sometimes, the agency might be hired to help collect and process your payments.
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 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.
Payment Savvy
APRIL 21, 2021
Fast forward to the present day, and professional third-party debt collection agencies have made it efficient, compliant, and cost-effective for companies to recover owed monies. The Traditional Debt Collection Process. Initially, the traditional collection method was quite simple.
Better Credit Blog
SEPTEMBER 9, 2020
This can mean that you may be passed over for loan and credit card approvals in the future. The only way to get your credit score back on track is to remove the collection entry as soon as you can. Originally founded in 1975, Sunrise Credit Services is a medium-sized debt collection agency that employs about 600 employees.
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Debt Collection Answers
MAY 18, 2023
Have you been getting calls from 214-658-1724 or been receiving mailers from PO Box 55848 Sherman Oaks CA claiming you have unpaid debt that needs to be taken care of? This is Caine and Weiner, a collection agency. Caine and Weiner specialize in reporting collections accounts on credit reports. Who are Caine and Weiner?
Credit Corp
DECEMBER 14, 2020
Whether you have medical debt, credit card debt or unpaid student loans , getting calls or letters from debt collection companies can be frustrating. But it’s especially frustrating if your debt is several years old. Ask the creditor to send you written notice of the debt. Settle it.
Credit Corp
AUGUST 31, 2021
This means that even a debt that is older than that may still be able to be collected on if you’ve made a payment sometime in the last four to six years. In some states, a collection agency cannot try to collect at all once a debt is past the statute of limitations.
Taurus Collect
NOVEMBER 15, 2023
Regulations around debt collection are strict, and experts from no cure no pay debt collection UK are here to help you navigate these waters. In this post, we will explore the rights and regulations governing debt collection in the UK. Dispute Unrecognised Debts: If you do not recognise a debt, dispute it.
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.
Better Credit Blog
AUGUST 25, 2020
Though they collect from debtors across the nation, their headquarters are in Cleveland, Ohio. Unlike service providers or banks that may appear on your credit report, MB&W is a debt collection agency. Collections consulting. Here’s how: Submit a debt validation letter. Submit a Debt Validation Letter.
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? Dealing with collection agencies frustrates a lot of Americans.
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.
Better Credit Blog
OCTOBER 14, 2020
Has your credit score taken a dive due to debt in collections? When a collections agency like Accelerated Financial Solutions gets access to your debt, it can drop your score and make your day-to-day life more stressful. AFS collects for businesses in several industries, including the following: Commercial debt.
Better Credit Blog
AUGUST 7, 2020
If you forget to pay a bill, you may begin to hear from a debt collection agency called Credit Control Corp. Credit Control Corp is a debt collection company that collects payment on your debt on behalf of the original creditor. What is Credit Control Corporation? Request a Goodwill Deletion.
Better Credit Blog
FEBRUARY 5, 2021
As long as it’s there, a collections account can lower your credit score and hold you back from getting approved for credit cards, loans, jobs, and leases. If your lender or service provider isn’t able to collect payment for your debts, they will go into collections. About BCA Financial Services.
Albuquerque Law
MAY 18, 2020
When individuals get calls demanding they repay their debt, it is easy for emotions, like fear and anxiety, to take over. However, one question remains: who is calling to collect the debt? Is it a creditor or a debt collection agency? After all, they both look to collect debts.
Better Credit Blog
NOVEMBER 5, 2020
Collections entries can drop your credit score for years, hurt your future creditability, and add stress to your life. Because along with lowering your credit score, having debt in collections opens you up to frequent phone calls and letters from the collections agency. Ask RMS for Proof the Debt is Yours.
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