Debt Free Colorado

FEBRUARY 24, 2025

Say goodbye to credit card stresssee if Chapter 7 bankruptcy is your solution. Credit card debt relief often seems unattainable, but there is a way forward. Chapter 7 bankruptcy can help clear debt and give you a fresh start. Will it erase all your debt, or are there limits?

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Account Recovery

FEBRUARY 7, 2025

A District Court judge in Florida has granted a plaintiff’s motion for summary judgment in a Fair Debt Collection Practices Act case, ruling that a collection law firm used an invalid garnishment order to collect on the subject debt. The decision, issued by Judge William F. Learn more.

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Account Recovery

FEBRUARY 7, 2025

Collection Operation Accused of Making More than 200 Calls After Receiving Cease Request Judge Grants MSJ for Plaintiff in FDCPA Case Over Garnishment Order Court Grants 90-Day Delay of CFPBs Medical Debt Credit Reporting Rule Middle-Income Americans Struggling to Keep Up with Cost of Living, Despite Modest Improvement in Purchasing Power ImpactAI (..)

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Account Recovery

NOVEMBER 27, 2024

The latest Spending in Retirement study from the Employee Benefit Research Institute (EBRI) reveals a concerning trend for retirees, with many struggling to make ends meet due to rising credit card debt, insufficient savings, and inflationary pressures. research strategist at EBRI.

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Account Recovery

MARCH 11, 2025

Nearly half (47%) of older adults with credit card debt say they rely on plastic to pay for basic living expenses they cannot otherwise afford, according to the results of a survey released yesterday by AARP that sheds fresh light on credit card usage among Americans aged 50 and older a picture that is worrisome.

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Account Recovery

SEPTEMBER 14, 2021

Judge Grants MSJ For Defendant in FDCPA Case; Facebook Launches Commercial Debt Collection Program appeared first on AccountsRecovery.net.

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Account Recovery

APRIL 3, 2025

The background: This particular case, filed in the Northern District of Alabama, involves a plaintiff who had an outstanding credit card debt, which was later purchased by the defendant.

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Account Recovery

JANUARY 29, 2025

The Court of Appeals for the Seventh Circuit has overturned a lower court’s ruling in favor of the defendant in a Fair Debt Collection Practices Act case, ruling that the defendants lack of knowledge about a prior dispute did not absolve it of its obligations under the FDCPA.

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Credit Unions Credit Unions Credit Card Debt Fair Debt Collection 130

Account Recovery

FEBRUARY 18, 2025

A District Court judge in Maryland has granted a motion to dismiss claims that a creditor and a collection law firm violated the Fair Debt Collection Practices Act and state consumer protection laws, ruling that the plaintiffs allegations failed to plausibly demonstrate any unlawful conduct.

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Credit Card Debt Fair Debt Collection Law Firms Creditors 130

Account Recovery

NOVEMBER 19, 2024

A collection operation is facing a Fair Debt Collection Practices Act class action lawsuit for not adjusting the post-judgment interest rate after the state of Kentucky changed the maximum rate that could be charged seven years ago, according to a copy of the complaint.

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Judgment Credit Card Debt Fair Debt Collection Collections 130

Credit Corp

MAY 17, 2021

But those who are struggling with debt might wonder: Can my stimulus check be garnished for credit card debt or other money owed. The short answer is yes, but it depends on the type of debt you’re dealing with. Credit Card Debt: Yes. Debt Collections: Yes.

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Credit Corp

OCTOBER 6, 2023

The average household credit card debt in America is $9,654, and the states with the largest amount of credit card debt are Alaska, Hawaii, and New Jersey. Between the first quarters of 2022 and 2023, The Federal Reserve Bank of New York reported that the credit card debt in America rose by $145 billion.

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Credit Corp

FEBRUARY 21, 2023

The average household credit card debt in America is $9,260, and the states with the largest amount of credit card debt are Alaska, Hawaii, and New Jersey. Between the first and final quarter of 2022 , TransUnion® reported that the average American’s credit card debt rose roughly $400 per person.

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Account Recovery

SEPTEMBER 14, 2021

After defaulting on a credit card debt, having a judgment issued against you, and then receiving four more collection letters seeking to collect on a debt, is there anyone who thinks that the next letter is going to induce an individual to repay the debt?

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Credit Card Debt Judgment Collections 245

Account Recovery

JANUARY 7, 2025

In today’s world of trying to make the process of repaying debts more consumer friendly, one collector is now facing a class action claims that it violated the Fair Debt Collection Practices Act because the titles it gave to the repayment options in a communication with a consumer allegedly did not align with the status of the debt.

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Credit Card Debt Fair Debt Collection Collections 130

Account Recovery

DECEMBER 13, 2021

A District Court judge in Oregon has granted a defendant’s motion for summary judgment after it was sued for violating the Fair Debt Collection Practices Act because the plaintiff claimed never to have received a demand letter to recover an unpaid credit card debt and because the defendant is allowed to rely on information supplied … The (..)

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Credit Card Debt Fair Debt Collection Judgment Collections 246

Account Recovery

JANUARY 27, 2025

Gordon of the District Court for the District of Nevada ruled that the defendant, a debt collection law firm, lacked the necessary minimum contacts with Nevada to establish personal jurisdiction. The background: The case stemmed from a consumer credit card debt judgment originally obtained in Tennessee by a creditor.

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Account Recovery

SEPTEMBER 27, 2024

The background: The case originated when the plaintiff defaulted on a credit card debt. The debt was subsequently assigned to various entities, ultimately landing with the defendant debt buyer. In 2017, the defendant obtained a default judgment against the plaintiff.

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Credit Card Debt Judgment Collections 246

Titan Consulting

SEPTEMBER 15, 2020

Professional debt settlement companies can help you negotiate debt for less than the full balance owed if you find the process intimidating or overwhelming. A growing stack of bills collects and grows bigger each week. When Should You Consider a Debt Settlement Program ?

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Sawin & Shea

FEBRUARY 2, 2022

Credit card debt can be debilitating. When your bills are more than you can handle and you are struggling to get by, debt relief options can help. However, it’s important to understand that there are various forms of debt relief, and they are not all right for everyone. Debt Management Programs.

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Enterprise Recovery

JULY 31, 2024

Consumer and business debt are two distinct types of debt that are handled quite differently. Consumer debt is the debt individuals incur for personal expenses, such as credit card debt, student loans, or mortgages.

Student loans 214

Student loans Student Loans Credit Card Debt Debt Management 214

Account Recovery

FEBRUARY 26, 2024

Judge Denies Attorney’s Fees for Defense in FDCPA Case Belief in Excessive Collection Tactics Leads CFPB to Put Small-Dollar Lender Under Federal Supervision Consumers With More Credit Card Debt than Emergency Savings Hits All-Time High: Bankrate Compliance Digest – February 26 WORTH NOTING: A security company is in hot water for showing customers (..)

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Account Recovery

JUNE 22, 2021

JUDGE GRANTS MOTIONS TO COMPEL, DISMISS IN FDCPA, TCPA CLASS ACTION A District Court judge in California has granted a defendant’s motion to dismiss with prejudice and motion compel arbitration in a class-action case alleging violations of the Fair Debt Collection Practices Act and Telephone Consumer Protection Act over an unpaid credit card debt.

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Credit Card Debt Fair Debt Collection Collections 189

Taurus Collect

MAY 11, 2023

If you have ever had to deal with credit card debt, you know it can be stressful. Debt collectors call at all hours of the day and pressure is put on borrowers to quickly make payments in full. The process begins when the debtor stops making payments on their credit card and goes into default.

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Payment Savvy

NOVEMBER 5, 2020

Each state gives creditors and collection agencies varying times to file suit on unpaid and delinquent credit card debt. Dependent on the state, debt collectors are allotted a finite timeframe to file suit against consumers with past due credit card balances. State Statutes for Credit Card Debt.

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Account Recovery

JUNE 22, 2021

A District Court judge in California has granted a defendant’s motion to dismiss with prejudice and motion compel arbitration in a class-action case alleging violations of the Fair Debt Collection Practices Act and Telephone Consumer Protection Act over an unpaid credit card debt.

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Credit Card Debt Fair Debt Collection Collections 162

Sawin & Shea

SEPTEMBER 29, 2021

Bankruptcy is often a wise choice for those overwhelmed by credit card debt and looking to get back on track and rebuild their finances. With credit card debt specifically, debtors often wonder how the process works and how it will affect their ability to still use current cards or open new ones in the future.

Credit Card Debt 52

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Sawin & Shea

SEPTEMBER 29, 2021

Bankruptcy is often a wise choice for those overwhelmed by credit card debt and looking to get back on track and rebuild their finances. With credit card debt specifically, debtors often wonder how the process works and how it will affect their ability to still use current cards or open new ones in the future.

Credit Card Debt 52

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Credit Corp

MAY 1, 2024

Credit card debt forgiveness, also known as debt settlement, involves negotiating with creditors to reduce the amount owed on your credit card balances. trillion in credit card debt. What Is Debt Forgiveness? What Is Debt Forgiveness?

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Account Recovery

FEBRUARY 21, 2024

A New Jersey Appeals Court has affirmed the dismissal of a Fair Debt Collection Practices Act case that was dismissed by an arbitrator, with the plaintiff arguing the arbitrator refused to consider evidence and that the underlying agreement was unenforceable.

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Credit Card Debt Fair Debt Collection Collections 147

True Accord

JANUARY 21, 2025

We are entering a year of unknowns across the board, from potential regulatory changes to economic fluctuations to varying consumer sentiments, and theres a lot to consider as it relates to debt collection in 2025. What Does This Mean for Debt Collection? Whats Impacting Consumers?

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Student loans Student Loans Credit Card Debt Financial Institution 83

Account Recovery

OCTOBER 26, 2023

Communications using email and text message to recover unpaid credit card debts, both before and after the debts are charged off and possibly placed with a third-party collector continue to rise, according to a report on the credit card market released yesterday by the Consumer Financial Protection Bureau.

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Titan Consulting

SEPTEMBER 29, 2020

Credit card debt features low monthly payments, but double-digit interest which compounds daily, causing balances to grow fast and making it hard to eliminate the debt. Paying off credit cards will save you money on daily compounding interest payments. Paying Credit Card Debt in Retirement.

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Account Recovery

JANUARY 2, 2024

An Ohio Appeals Court has upheld a summary judgment ruling in favor of a collection operation that filed a lawsuit seeking to collect on an unpaid debt. The Background: In September 2022, the plaintiff filed a lawsuit against the defendant seeking to collect on an unpaid credit card debt.

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Account Recovery

MARCH 6, 2024

The Consumer Financial Protection Bureau has determined that the cost of collecting on unpaid credit card debts for larger companies can be covered by charging an $8 late payment fee, but will allow those issuers to charge more if they are willing to show why their collection costs are higher than that threshold.

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Account Recovery

DECEMBER 13, 2023

Emerging victorious from a collection lawsuit is not enough for a plaintiff to also win a Fair Debt Collection Practices Act case, the Court of Appeals for the Third Circuit has ruled, affirming a lower court’s decision to deny a motion for reconsideration.

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Credit Card Debt Fair Debt Collection Collections 130

Account Recovery

SEPTEMBER 9, 2024

Nearly a year after getting the ball to the one-yard-line, a District Court judge in Connecticut has finally crossed the goal line, granting a defendant’s motion for summary judgment on the last remaining claim in a Fair Debt Collection Practices Act case over how it attempted to collect on an unpaid credit card debt.

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Credit Card Debt Fair Debt Collection Judgment Collections 130