Remove Collection Agencies Remove Law Firms Remove Original Creditor
article thumbnail

Compliance Digest – February 18

Account Recovery

Merchant of the District Court for the Eastern District of New York issued the ruling, determining that the plaintiff failed to establish sufficient connections between the law firm and the state of New York to justify her authority over the defendant. Translation: to CYA, you need better original creditor contracts.]

article thumbnail

2025 Officers & Directors Elected to Lead Receivables Management Association International

Account Recovery

Of his involvement in the industry, Michael said, I am an enthusiastic member of, and believer in, the Fintech Lending ecosystem, which Debt Buyers, Agencies, Law Firms, and associated Service Providers are an integral part of. a collection agency. He is the CEO of TrueAccord. He is the CEO of TrueAccord.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How to Remove Collection Accounts from Your Credit Reports

Credit Corp

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.

article thumbnail

How To Remove Portfolio Recovery From Your Credit Report

Better Credit Blog

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. In other words, when the original creditor has been unsuccessful in collecting on a debt, it will write off the debt as a loss.

article thumbnail

NJ Appellate Division Finds No Private Right of Action for Debt Purchaser’s Alleged Failure to Obtain State License

Troutman Sanders

In 2010, the defendant purchased the account and placed it with a law firm for collection. After receiving letters from the law firm, the plaintiff set up a payment plan, which she completed in 2013. Additionally, the appellate division found that the plaintiff had not suffered an ascertainable loss.

article thumbnail

Katabat Supports RMAI’s 2020 Annual Conference with Gold Sponsorship

Katabat

The conference, occurring February 3–6, 2020, brings together key participants in the receivables management industry, including debt buying companies, collection agencies, collection law firms, brokers, originating creditors, and affiliates.

article thumbnail

The Limits On Direct And Vicarious Liability Under The FDCPA

FDCPA Defense

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.