Collection Industry News

DECEMBER 21, 2020

Last week, the CFPB issued a Consent Order against a New Jersey based debt-collection agency (Agency) over allegations that the Agency regularly violated the FDCPA and the CFPA in the course of their collection activity.

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Sawin & Shea

SEPTEMBER 27, 2023

If you are a victim of debt collector harassment, it’s important to know the debt collection laws, and consider your options for debt relief. Chapter 7 is the quickest and easiest way to discharge the majority of your debts through bankruptcy. Debt Collection Laws: What Can Debt Collectors Do?

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Taurus Collect

MAY 18, 2023

Late payments can be a significant problem for any business, and when it comes to collecting unpaid invoices the situation can become difficult. It is important to know when the best time might be to escalate an invoice from your internal collection process and hand it over to professional debt collection services.

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Direct Recovery

JUNE 24, 2020

With an unprecedented number of Americans filing for unemployment, debt collection has been harder than ever for collectors who are attempting to work from home, and business isn’t going to get any better on account of those $1,200 stimulus checks, especially here in California. Money Collected Must Be Returned.

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Collection Industry News

DECEMBER 16, 2024

The Federal Trade Commission is sending more than $540,000 in refunds to consumers who paid a group of abusive debt collectors who threatened consumers with lawsuits or arrest if they failed to pay debt that they might not have even owed. The FTC is sending checks to 1,625 consumers, who will receive $334.38

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Taurus Collect

NOVEMBER 15, 2023

Dealing with a collection agency can often feel like navigating a maze, especially when there seems to be a change in your account’s open date. If you’ve found yourself in this situation, you’re likely asking, “Can a collection agency change an account’s open date?”

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Stevens Lloyd

JULY 17, 2018

However, in case, your all efforts to collect the debt get unsuccessful, you can take the advantage of debt collection services. There are many ways to recover debts from clients who refuse to pay. Whether it’s a new client or an old one, you have the right and obligation to collect the amount you are owed.

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Taurus Collect

OCTOBER 30, 2023

Navigating the convoluted terrain of debt collection can be a daunting task for businesses big and small. However, understanding the crucial steps in the debt collection process can empower businesses to retrieve owed money efficiently and legally, thus enhancing their financial health.

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Collections Law

APRIL 1, 2020

Collecting debts from debtors having assets in Massachusetts while you are in another state or a different country used to be difficult, even if you had a judgment against them. Our Experienced Collections Attorneys Knows How to Enforce Foreign Judgments in Massachusetts. Not Just Domestication — Enforcement, Too.

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Jimerson Firm

FEBRUARY 22, 2024

The Florida Consumer Collection Practices Act (FCCPA) is a pro-consumer statute. Unlike the FDCPA, which only applies to debt collectors, the FCCPA applies to all persons or businesses collecting consumer debts. These lawsuits are typically based upon an allegedly improper 3-day notice sent to a tenant/debtor.

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Credit Corp

MAY 30, 2023

Quasi in rem: Quasi in rem judgments consider the legal rights of individuals and not necessarily all parties involved. Ultimately, if you don’t pay a debt , the lender or bill collector can file a lawsuit against you to recoup the money. Sales proceeds are applied to your debt. Property levies. These laws vary.

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Collection Industry News

JULY 27, 2021

Seven unrelated consumers incurred credit card debts that were allegedly sold and assigned to other creditor debt collectors. The other four consumers were not sued but sent letters to their respective debt collectors similarly challenging their purported ownership of the debts. 1681i(a)(1)(A)).

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Better Credit Blog

FEBRUARY 11, 2022

National Debt Relief has negotiated settlements with thousands of creditor and collection accounts. The National Debt Relief program is the company’s flagship service. However, the firm could negotiate 30% off your debt, meaning you’ll save $500 altogether. No unexpected bill once you’re free from debt. Overdrafts.

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Credit Corp

JULY 1, 2024

If you don’t pay your credit card, it can lead to late fees, increased interest rates, being sent to collections, and damage to your credit. It could also result in legal action being taken against you. Collections A charge-off doesn’t make your debt magically disappear.

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Troutman Sanders

NOVEMBER 8, 2022

The rules also establish a fairer process for borrowers to raise a defense to repayment, while preserving the borrowers’ day in court by preventing institutions of higher education (institutions) from forcing students to sign away their legal rights using mandatory arbitration agreements and class-action waivers.

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Account Recovery

OCTOBER 28, 2024

Oberg, found that while most of the plaintiff’s requests were valid and relevant, some limitations were necessary to avoid undue burdens on the non-party collection operations. Plaintiff’s counsel is on a state-wide rampage trying to hold debt buyers and debt collectors liable under an obscure licensing statute.

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