Troutman Sanders

OCTOBER 7, 2020

New Mexico’s Attorney General Hector Balderas announced on September 29 that his office has filed three lawsuits against debt collection companies. In his statement , Balderas explained that these lawsuits are part of a larger “crackdown” aimed at educating consumers and eliminating abusive debt collection practices within the state.

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Firms

FEBRUARY 27, 2016

FIRMS is a debt collection company that specializes in helping our customer work through difficult situations. For FIRMS we care about our customers, we care about anyone needing help or advice and education on managing their finances. This is our area of expertise in the debt and financial world.

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Taurus Collect

JANUARY 24, 2023

But while it can be exciting to think about that refund cheque hitting your bank account soon, there’s another equally pressing reason why you should pay attention this tax season – debt collection! These companies typically employ several tactics in order to recover debt, including phone calls, emails, letters, and even legal action.

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CSA

NOVEMBER 11, 2020

Debt collection companies who are members of the Credit Services Association (CSA) are signed up to an industry Code of Practice , designed to ensure that customers can be helped along the road to becoming debt free. According to the Money & Pensions Service , despite the Covid-19 crisis affecting our finances, 9 in 10 UK adults ?

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Collection Industry News

FEBRUARY 7, 2022

The company agreed to cancel $1.7 BOSTON — Navient, a major student loan collecting company, agreed to cancel $1.7 billion in debt owed by more than 66,000 borrowers across the U.S. and pay over $140 million in other penalties. billion in debt owed by more than 66,000 borrowers across the U.S.

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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.

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Taurus Collect

FEBRUARY 1, 2024

This contingency-based approach means that some debt collection companies do not charge the creditor unless they are successful in recovering the delinquent funds. Transparency Requirements : Agencies must clearly communicate with debtors, providing transparent information about the debt and the collection process.

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Collection Industry News

MAY 10, 2023

As a result of actionby the Federal Trade Commission and the Commonwealth of Pennsylvania, debt collection company International Credit Recovery, Inc. AFS), which also does business as Progressive Business Publications and the Center for Education and Employment Law. ICR), officer Richard Diorio, Jr.,

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National Service Bureau

JUNE 10, 2015

Choosing the right debt collection agency is an important decision that can have both positive and negative repercussions for your business. With that in mind, here are three tips to choose the right collections company to manage your accounts receivable. Research the Company. Are they licensed and do they need to be?

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Credits Inc

APRIL 17, 2019

Healthcare-related debts account for 47% of all the debt that collection agencies recover. Another 16% of debts collected were government-related. With over 8,500 debt collection companies in the United States to choose from as of 2017, how should your company go about selecting a debt recovery agency?

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Collection Industry News

JULY 21, 2024

Queensland-based debt collection company Panthera Finance, which operates nationwide, was prohibited from operating in Victoria after it was penalised for harassing people over disputed debts.

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Better Credit Blog

FEBRUARY 22, 2021

Founded in 2008, Frontline Asset Strategies is a small debt collection company that is headquartered in Minnesota. They assist a number of companies with asset recovery services. They collect on behalf of: banks. education lenders. credit card companies. They currently have two offices in St. auto lenders.

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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. You may be wondering if National Credit Services is a legitimate debt collector.

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UK debt collections

NOVEMBER 13, 2020

Ok let us create a typical scenario that is acted out every week by unsuspecting Business owners looking for a cheap debt collection solution. Company X is owed £10,000 by a contractor. Company X’s Director thinks he’s being savvy and finds a no win no fee debt collection company.

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Troutman Sanders

JULY 11, 2023

From 2016 through October 2019, the CFPB alleged that the company used telemarketing campaigns to convince people with federal student loans to pay up to $699 in fees to file paperwork to reduce or eliminate their monthly payments through loan consolidation, forgiveness, or income-driven repayment plans. For more information, click here.

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Burt and Associates

OCTOBER 31, 2024

Introduction: Provides an overview of the CFPB’s enforcement actions addressing illegal debt collection practices in 2023. Case Summaries: Summarizes four specific enforcement actions taken by the CFPB against debt collection companies, highlighting the violations found and the remedies imposed. Consumer Education 6.1

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