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How Do Debt Collection Companies Operate?

Taurus Collect

However, people don’t realize that there are two distinct business models in the collection industry that conduct the collection of delinquent accounts in different ways. Debt collection varies depending on the company collecting the debt. The Process. How do reputable debt collectors operate?

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What Is a Debt Collector and Why Are They Contacting Me?

Taurus Collect

Simply put, it’s an individual or a debt collection agency in the UK employed by a creditor to retrieve funds that are overdue. In the UK, debt collection companies operate under strict regulations set forth by the Financial Conduct Authority (FCA). So, what exactly is a debt collector?

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The Limits On Direct And Vicarious Liability Under The FDCPA

FDCPA Defense

2000) (FDCPA claim filed against shareholder of agency was frivolous: “The Fair Debt Collection Practices Act is not aimed at the shareholders of debt collectors operating in the corporate form unless some basis is shown for piercing the corporate veil, which was not attempted here.”) (citation omitted); Pettit v. See Wadlington v.