Better Credit Blog

FEBRUARY 12, 2021

EPR may show up on your report if you’ve fallen behind on payments to a service provider or a lender. The longer you ignore a collections entry, the more damage it can do to your report. Evergreen Professional Recoveries is a legitimate debt collection agency and member of the American Collectors Association. Commercial.

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Better Credit Blog

FEBRUARY 5, 2021

If your lender or service provider isn’t able to collect payment for your debts, they will go into collections. When this happens, a negative entry is added to your credit report , and your debt is turned over to a collections agency. You have 30 days to dispute a debt once a collections agency is contacting you.

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Better Credit Blog

FEBRUARY 25, 2021

Fortunately, FFCC is a legitimate third-party debt collection agency. Headquartered in Beachwood, Ohio, the agency has been operating since 1970. Over the past 50 years, FFCC has collected debts in the following industries: Business to business. Repossessions. About First Federal Credit Control. Foreclosure.

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Troutman Sanders

MAY 5, 2022

The CFPB sees wrongful repossessions everywhere. Per the report, recent examinations found that servicers engaged in unfair acts or practices when they repossessed vehicles after consumers took action that should have prevented the repossession. Failing to trigger refunds of GAP protection after a repossession.

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Better Credit Blog

OCTOBER 5, 2020

Has your credit score recently taken a dive as a result of a collections entry from Penn Credit? If you forgot to pay a bill or you’ve gotten behind on payments to a lender or service provider, it can have some nasty effects on your credit. Penn collection agency. Repossessions. Harrisburg, PA 17110. Bankruptcies.

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Better Credit Blog

FEBRUARY 19, 2021

Collections also result in frequent phone calls and letters, which can impact your daily life negatively. The guide below will teach you more about how collections agencies work and provide you with clear instructions for getting a collections account deleted from your credit report. Repossessions. Identity fraud.

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Better Credit Blog

FEBRUARY 24, 2021

What Is First National Collection Bureau? If you’re concerned about First National Collection Bureau’s legitimacy, you can rest assured knowing the agency is valid. First National is a certified collections agency headquartered in Nevada. They have been collecting on consumer debt since it was founded in 1983.

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Credit Corp

SEPTEMBER 12, 2023

Like lenders, landlords check your credit to see if you can pay your bills on time. Payment history: Credit reports show your history of payments to lenders. Delinquent or collections accounts: An account is delinquent if you miss a payment due date. They include auto repossessions or foreclosures.

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Better Credit Blog

AUGUST 4, 2020

FNB Omaha is not a scam or a debt collection agency. When you apply for a credit card with FNB Omaha or any other institution, the lender will run a credit check to review your payment history, credit use, balances, and open accounts. Debt collections. Repossessions. What Is FNB Omaha On My Credit Report?

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Better Credit Blog

FEBRUARY 24, 2021

What Is First National Collection Bureau? If you’re concerned about First National Collection Bureau’s legitimacy, you can rest assured knowing the agency is valid. First National is a certified collections agency headquartered in Nevada. They have been collecting on consumer debt since it was founded in 1983.

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Better Credit Blog

FEBRUARY 5, 2021

Read on for an overview of BRG, debt collections, and the process of getting a collections account off your report. About BRG Collections LLC. BRG Collections LLC, also known as Bison Recovery Group, is a legitimate debt collection agency. How Does BRG Collection Agency Work? Repossessions.

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Better Credit Blog

FEBRUARY 15, 2021

If you’ve received calls or letters from FCO Collections or noticed the name on your credit report, you probably have questions. Collections agencies like FCO may show up on your report when you forget to pay a bill or fall behind on your payments. Before you get in touch with the agency, take a look at the guide below.

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Better Credit Blog

DECEMBER 2, 2020

It’s all too easy to fall behind on car payments and find yourself with a collections entry on your credit report. Whether you simply forgot to pay your bill or you’re dealing with financial hardship, you could be contacted by a collections agency like Autovest LLC. According to its website, the agency holds over $1.7

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Better Credit Blog

FEBRUARY 18, 2021

Based in Westchester, Pennsylvania, BYL is a third-party collections agency that was founded in 1998. The agency specializes in consumer collections, commercial collections, and medical device recovery. Here’s how BYL Collection Services and other agencies like it work. How to Contact BYL Collections.

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Sawin & Shea

NOVEMBER 15, 2023

However, it is important to note that before bankruptcy is declared, lenders can still come after you to get you to pay off the unsecured debt. They may use collection agencies , or they may sue you (asking the court to garnish wages, take an asset, or put a lien on your home).

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Better Credit Blog

JANUARY 21, 2021

Anytime you apply for a card, the lender requests access to at least one, and sometimes all, of your credit reports. Several inquiries can be a red flag to potential lenders, so you should check into the approval requirements before applying for some cards and loans. Debt collections agencies. Property repossessions.

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Better Credit Blog

DECEMBER 31, 2020

With a hard inquiry, a lender might access one, two, or each of your three credit reports. That being said, having several hard inquires can suggest that you rely pretty heavily on loans and credit cards and could make you a less appealing applicant to future lenders. Collections agencies. Repossession. Bankruptcy.

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Better Credit Blog

DECEMBER 8, 2020

A hard inquiry allows lenders to look at your credit report to get an idea of how you manage credit. Some lenders only use one credit report to assess your creditability, while others may request two or all three of your reports. Collections agencies. Repossessions. Hard Inquiries. Charge-offs. Foreclosure.

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Qualco

NOVEMBER 7, 2023

To identify the best solution for Non-Performing Loans (NPLs) , stakeholders such as lenders, servicers, and debt collection agencies need to deploy all available tools, starting a thorough appraisal of the NPL portfolio via a dedicated Workout Unit.

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Collection Industry News

MAY 9, 2022

The CFPB sees wrongful repossessions everywhere. Per the report, recent examinations found that servicers engaged in unfair acts or practices when they repossessed vehicles after consumers took action that should have prevented the repossession. Failing to trigger refunds of GAP protection after a repossession.

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Better Credit Blog

SEPTEMBER 4, 2020

It is possible that Sky Blue may be able to help you remove other negative marks from your credit report, such as charge offs , late payments , and repossessions. Originally founded in 2008, Rausch Sturm is a medium-sized debt collection agency out of Brookfield, WI. Ask Sky Blue for Help. What is Rausch Sturm?

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Collection Industry News

JULY 20, 2020

Chicago Mayor Lori Lightfoot this week similarly announced an end to the collection of city debt, including late parking fines, through at least April 30. The Education Department is suspending collections on federal student loans and urging private collection agencies to stop pursuing borrowers.

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Better Credit Blog

FEBRUARY 11, 2022

Debt settlement firms expect you to stop paying your lenders and make monthly installments into a secure trust instead. While waiting for money to build up in your secure trust, the debt settlement firm won’t send any to your lenders. Many lenders decide it’s in their best interests to agree. Sounds a little too easy?

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Collection Industry News

JUNE 10, 2024

If you still haven’t paid the bill after several months, the debt may be sold to a medical collections agency, which will try to collect on it. If you don’t pay the bill for at least three months, however, your provider may sell it to a collections agency. How long does medical debt stay on your credit?

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Burr Forman

DECEMBER 4, 2020

Financial institutions, servicers, lenders, and debt collectors must stay up-to-date on evolving federal and state laws stemming from the COVID-19 pandemic, as such laws impact all facets of consumer loan servicing and debt collection. This order was extended until December 31, 2020. This guidance is set to expire March 31, 2021.

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Fico Collections

JANUARY 26, 2022

While Government will likely take a hand in directing the pace of some collection activities, others will be determined by the debt holder. Collection agencies will likely be busier than ever as more debt holders assign debts to agencies. Agencies will face challenges when consumers owe from many different sources.

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