Remove Construction Remove Consumer Collections Remove Debt collector
article thumbnail

4 consumer myths about debt collections DEBUNKED

American Profit Recovery

And most collection agencies understand that demanding full payment from a consumer, will only cause that consumer to end up in collections once again. Payment plans are always an option for a consumer in collections. Debt collectors are always aggressive and demanding-FALSE.

article thumbnail

COVID-19 Collections Impact Bulletin: State Responses (December 2020 Update)

Burr Forman

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 guidance is set to expire March 31, 2021.