Nerd Wallet

NOVEMBER 16, 2020

adults with debt in collections, knowing their legal rights is crucial. The Fair Debt Collection Practices Act covers third-party debt collectors — those who buy a delinquent debt from an original creditor, like a credit card company. Working with third-party debt collectors can be confusing and scary.

Debt collector 111

Debt collector Third-party Debt Collectors Fair Debt Collection Legal Rights 111

Credit Corp

JUNE 1, 2023

Your credit score may improve if your collection debt is reported to a new credit scoring model—FICO 9®, FICO 10®, VantageScore 3.0® Most creditors still report to old scoring models, so it’s unlikely paying off the debt will improve your credit score. In This Piece: What Is Collections Debt? ® or VantageScore 4.0®.

Collections 126

Collections Debt collector Collection Agencies Collections Agency 126

Credit Corp

MARCH 12, 2025

million debt collection lawsuits were filed in 2022 alone. This is why it is important to know your legal rights and how to mitigate the effects of being sued. By being proactive and understanding your rights and protections, you can reduce the long-term consequences of a credit card lawsuit. An estimated 2.5

Debt collector 52

Debt collector Credit Card Debt Creditors Bankruptcy 52

Debt Free Colorado

FEBRUARY 21, 2022

When collecting a debt from you, collection agencies must adhere to federal and state rules. Fortunately, the federal Fair Debt Collection Practices Act (FDCPA) protects all states. You have rights to help you gain control over your debt collection interactions. Call or text you to collect a debt between 8 a.m.

Debt collector 98

Debt collector Fair Debt Collection Collection Agencies Collections Agency 98

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.

Collections 52

Collections Debtor Debt Recovery Collection Agencies 52

Troutman Sanders

OCTOBER 17, 2023

In 2010, the defendant purchased the account and placed it with a law firm for collection. Instead, the offending conduct was misrepresenting “that it had the legal right to collect on the account when it lacked the proper license to do so.”

Law Firms 52

Law Firms Legal Rights Original Creditor Collection Agencies 52