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$225,000 Punitive Damages Award Upheld Where Creditor Repeatedly Contacted Customer After Being Notified of Attorney Representation

Troutman Sanders

Ultimately, the plaintiff filed for chapter 7 bankruptcy protection, listed the defendant as an unsecured creditor, and obtained a discharge of her debt. After receiving notice of representation, the defendant sent five billing notifications to the plaintiff and made six telephone calls attempting to collect on the $5 monthly payment.

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Eleventh Circuit Holds Transmitting Consumer Information to Third Parties Exposes Debt Collectors to Liability under the FDCPA

Burr Forman

In a decision that could throw the debt-collection industry into turmoil, on April 21, 2021, the Eleventh Circuit Court of Appeals released its opinion in the case Hunstein v. Preferred Collection & Mgmt. Compumail used this information to create, print, and mail a dunning letter to the consumer.

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Why it’s important for collection agencies to share what they do

American Profit Recovery

There is a lot of important work done by reputable and professional debt collectors daily in this country. This work helps the overall economy, consumers that may be struggling with ongoing debt, and small businesses struggling to meet payroll and other expenses. billion to creditors.

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4 consumer myths about debt collections DEBUNKED

American Profit Recovery

Payment plans allow the consumer to get on with their lives and even continue to do business with the creditor that has not been paid. And most collection agencies understand that demanding full payment from a consumer, will only cause that consumer to end up in collections once again.

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What is the Difference Between the FDCPA and the FCCPA?

Jimerson Firm

Businesses throughout Florida should be aware of consumer statutes that provide remedies to consumers and impose liability to businesses, even for small technical violations. The FDCPA prohibits debt collectors from making false or misleading representations and from engaging in various abusive and unfair practices.

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Debt collection ensures proper access to consumer credit

American Profit Recovery

Some restrictions can reduce credit to consumers. Collection laws and regulations are in place for a reason. They are there to protect the consumer. There have been laws that have been proposed over time that can severely restrict the way a creditor or a third party can conduct collection activity.

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Who Should Use Commercial Debt (B2B) Collections?

Credit Management Company

Agencies work on a contingency basis - they only get paid when the debt has been collected. However, a commercial collection agency is unlike a consumer collection agency. You might be wondering which restrictions apply to commercial collection firms and agents. The end-target is different.