Better Credit Blog

APRIL 1, 2022

Write a letter to the original creditor or collection agency and ask them to remove the negative entry from your credit history as an act of goodwill. This is most effective when you’re trying to remove late payments, paid collections, or paid charge-offs. A goodwill letter is really easy to write. Ads by Money.

Bankruptcy 114

Bankruptcy Collection Agencies Collections Agency Foreclosure 114

Credit Corp

OCTOBER 16, 2023

A debt validation letter is written correspondence that debt collectors are legally obligated to send you that provides information about the debt they’re collecting. The letter should include details about the debt, the original lender, and the debt collector’s authority to collect the money.

Debt collector 105

Debt collector Creditors Original Creditor Lender 105

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

Debt collector 87

Debt collector Collection Agencies Collections Agency Garnishment 87

Better Credit Blog

APRIL 1, 2022

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. In addition to making threats, this debt collection agency might tell you that if you pay off the debt in full it will be removed from your credit report completely.

Collection Agencies 77

Collection Agencies Collections Agency Garnishment Fair Debt Collection 77

Credit Corp

JUNE 14, 2023

Lenders don’t necessarily continue to report activity for the entire limit. Keep in mind that a creditor writing off your unpaid debt as a loss doesn’t mean you don’t owe the debt. Your creditor may sell your charged-off debt to a collection agency for pennies on the dollar.

Foreclosure 89

Foreclosure Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy 89

Taurus Collect

JANUARY 2, 2023

If you fail to pay back your creditor or lender or miss out on instalments regularly, they may resort to a debt collection agency or sell your account to a debt buyer. Then, the debt collection agency will pursue you to recover the money from you, and you are legally obliged to make the payment.

Third-party Debt Collectors 52

Third-party Debt Collectors Collections Collection Agencies Collections Agency 52

Troutman Sanders

MARCH 22, 2023

An Illinois federal district court recently denied a creditor-defendant’s motion for summary judgment in a Fair Credit Reporting Act (FCRA) case brought by a consumer who questioned why his debt was being reported twice — as both a tradeline with the original creditor and as a tradeline with a third-party collection agency.

Judgment 52

Judgment Credit Unions Credit Unions Collection Agencies 52

Taurus Collect

JUNE 16, 2022

Debt collection is a process that gives debtors certain rights that debt collection agencies must respect. While the debt shown in the collection can negatively impact your credit score, the severity of the impact reduces over time. What does it mean to have debt in collections? Taurus Collections (UK) Ltd.

Retrieval 52

Retrieval Debt collector Collections Collection Agencies 52

Debt Collection Answers

MAY 10, 2023

Upon receiving calls and pieces of mail from a debt collection agency, a considerable number of people tend to experience panic. By gaining knowledge about the company, you can make informed decisions on dealing with its debt collection efforts. They feel they need help with how to respond. Who are Southwest Credit Systems?

Collection Agencies 52

Collection Agencies Collections Agency Student Loans Student loans 52

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. Can a Collection Agency Report an Old Debt as New?

Debt collector 75

Debt collector Collections Collection Agencies Collections Agency 75

True Accord

NOVEMBER 13, 2023

While attempting to provide additional protections for consumers when debt collectors reach out using digital channels, these NYDFS and NYC DCWP restrictions create unintended consequences that raise barriers for NY consumers to correspond with collection agencies in their channel of preference and hinder communication efforts.

Debt collector 104

Debt collector Creditors Collections Original Creditor 104

Katabat

JANUARY 24, 2020

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.

Debt Buying 40

Debt Buying Law Firms Collection Agencies Collections Agency 40

Better Credit Blog

JULY 13, 2020

Nationwide Recovery Service will also appear on your credit report as a collection agency, which can damage your credit score. Nationwide Recovery Service and other collection agencies are notoriously unpleasant to deal with, but their impact on your credit score is far worse than a stern letter.

Debt collector 52

Debt collector Collection Agencies Collections Agency Fair Debt Collection 52

Troutman Sanders

OCTOBER 17, 2023

In 2017, the plaintiff filed a class action lawsuit alleging the defendant was a “collection agency” that had “filed numerous lawsuits … to collect the consumer debts allegedly owed by New Jersey consumers on defaulted credit accounts at a time when [it] was not properly licensed” under the NJ Licensing Act.

Law Firms 52

Law Firms Legal Rights Original Creditor Collection Agencies 52

Better Credit Blog

SEPTEMBER 9, 2020

Having a collection account on your credit report is extraordinarily damaging to your credit report. It can also serve as a reminder to future lenders that you have a history of not paying bills. The only way to get your credit score back on track is to remove the collection entry as soon as you can.

Debt collector 101

Debt collector Loans Collections Creditors 101

Better Credit Blog

SEPTEMBER 21, 2020

If you have a debt that has gone to collections, you may have heard from a company called AR Resources. AR Resources is a debt collector that has been hired on behalf of the original creditor. To do this, they must first open an account on your credit report that shows that they are authorized to collect on the debt.

Debt collector 52

Debt collector Healthcare Original Creditor Collection Agencies 52

Better Credit Blog

OCTOBER 15, 2020

Though their collections attempt might border on spammy, ARstrat LLC is an established and legitimate debt collections agency. ARstrat has been collecting on consumers’ debts since 2015, headquartered in Houston. Agencies like ARstrat usually get access to you and your debts in one of two ways. What Is ARstrat?

Debt collector 52

Debt collector Healthcare Collection Agencies Collections Agency 52

Better Credit Blog

AUGUST 22, 2020

CCS Offices is a company that collects debts on behalf of original creditor. They do this by either purchasing the debt or collecting the payments and taking a portion for themselves. To do this, they must first open an account on your credit report that shows that they are authorized to collect on the debt.

Debt collector 53

Debt collector Original Creditor Creditors Collection Agencies 53

Better Credit Blog

SEPTEMBER 29, 2020

Collection accounts can hurt your credit score for up to seven years even after you pay off the debt. They can also be viewed by lenders down the line, which means you could be denied loans or credit cards. 11 Charter Bright House is a debt collection agency that is headquartered in Stamford, Connecticut.

Debt collector 52

Debt collector Original Creditor Collection Agencies Collections Agency 52

Better Credit Blog

AUGUST 31, 2020

ConServe is a debt collection agency that may contact you regarding unpaid debts. They are a third-party debt collector, which means that they may be hired by your original creditor, or they may purchase your old debt on the chance that you pay them instead. Hire a Professional. Validate the Debt. Ask Sky Blue for Help.

Third-party Debt Collectors 52

Third-party Debt Collectors Debt collector Original Creditor Creditors 52

Better Credit Blog

AUGUST 7, 2020

Having collection accounts on your credit score is incredibly damaging to your credit health. Future lenders are able to see any collection accounts on your credit report and can deny you loans based on your history. It is not uncommon for information to get lost in the transition from the original creditor to USCB America.

Debt collector 52

Debt collector Collection Agencies Collections Agency Acquisition 52

Better Credit Blog

NOVEMBER 25, 2020

If you have had a bill go into collections, you may start hearing from a company called Advanced Collection Bureau Inc. They are a debt collector that has either been hired by your original creditor or has purchased the debt at a fraction of the price. What is Advanced Collection Bureau Inc?

Collections 52

Collections Fair Debt Collection Creditors Original Creditor 52

Better Credit Blog

SEPTEMBER 8, 2020

If you begin to hear from a debt collection agency called Pioneer Credit Recovery, it is likely because you have defaulted on a loan or forgotten to pay a bill. In addition to showing up on your call logs, they will also appear on your credit report as a collection agency. Dealing with Pioneer Credit Recovery.

Debt collector 52

Debt collector Collection Agencies Collections Agency Collections 52

Better Credit Blog

AUGUST 31, 2020

Covington Credit is a third-party collector that collects payments from you on behalf of the original creditor or as the now-owner of the debt. In order to collect payments on your debt, Covington Credit must first open up a collections account on your credit report. What is Covington Credit?

Debt collector 53

Debt collector Original Creditor Creditors Collections 53

Better Credit Blog

SEPTEMBER 30, 2020

If you forget to pay a bill, the original creditor may move the debt to collections. This means that you may start to get phone calls from a debt collector like AAA Collections, harassing you to repay the debt. What is AAA Collections? They specialize in collecting on behalf of companies in the healthcare industry.

Collections 52

Collections Debt collector Lender Fair Debt Collection 52

Better Credit Blog

NOVEMBER 24, 2020

If you have had an overdue bill move to collections, you may begin hearing from a company called ACS Inc. ACS Inc is a collection agency that works with lenders and creditors to recover payments on defaulted loans or unpaid bills. It will also show future lenders that you have a history of racking up unpaid debt.

Debt collector 52

Debt collector Collections Lender Creditors 52

Better Credit Blog

AUGUST 17, 2020

These entries remain on your credit report for up to seven years, which means that they can be viewed by creditors and lenders. Capio Partners is a medium-sized debt collection agency that is headquartered in Sherman, TX. The debt collection process is by no means perfect. What is Capio Partners?

Debt collector 52

Debt collector Creditors Acquisition Fair Debt Collection 52

Better Credit Blog

SEPTEMBER 4, 2020

You have also probably seen them appear on your credit report as a collections account. This is because Rausch Sturm has been hired by your original creditor to collect the debt on their behalf. Collections accounts are bad news for your credit score and can damage it for up to seven years. Ask Sky Blue for Help.

Debt collector 52

Debt collector Collections Credit Unions Credit Unions 52

Better Credit Blog

SEPTEMBER 18, 2020

Collection accounts are a black mark on your credit report. Future lenders can see them and make loan decisions based on the fact that you failed to pay a debt. The only way to reduce the impact of a collection account is to remove them altogether. This can mean trouble for your credit score. What is CACH LLC?

Debt collector 52

Debt collector Collections Acquisition Fair Debt Collection 52

Better Credit Blog

APRIL 5, 2022

The first step, if you have paid the full collection account, settlement, or have been making regular on-time payments, is to mail the collection agency a “ goodwill letter ” that explains your situation. Then kindly ask the debt collector to remove collections from your credit report out of goodwill.

Collections 98

Collections Collection Agencies Collections Agency Original Creditor 98

Credit Corp

JUNE 14, 2020

Here’s one example of how a zombie might rise with help from a collection agency. The original lender or collection agency fails to collect within the statute of limitations. That collection agency may report the debt as owed to the credit bureaus. You default on a debt.

Debt collector 98

Debt collector Judgment Collection Agencies Collections Agency 98

Credit Corp

FEBRUARY 23, 2024

Key Takeaways: Zombie debt arises based on collection agencies. It may be possible to settle zombie debt with your original creditor. The Fair Debt Collection Practices Act (FDCPA) helps protect you from harassment. Collection activities are the most common causes of a zombie debt outbreak.

Collection Agencies 52

Collection Agencies Collections Agency Debt collector Fair Debt Collection 52

Troutman Sanders

MAY 17, 2021

On May 13, the Nevada Financial Institutions Division (NFID) extended its temporary guidance allowing employees of licensed collection agencies to work from home through July 31. 248, which limits a collection agency’s ability to collect on medical debt. For more information, click here.

Financial services 52

Financial services Foreclosure Collection Agencies Collections Agency 52

Credit Corp

MARCH 4, 2025

You also have a right to information about your debt, such as the name of the original creditor and how much you owe. Keep Your Story Straight Falling behind on debt often happens because of serious life factors, but reps at credit collection services or lenders arent counselors. Theyre just employees trying to do a job.

Creditors 52

Creditors Debt collector Debt settlement Original Creditor 52