Remove Consumer Credit Remove Fair Debt Collection Remove Personal loans
article thumbnail

Compliance Digest – September 30

Account Recovery

Judge Rules Debt Collection Lawsuit Waives Arbitration Clause A District Court judge in Maryland has denied a defendant’s motion to compel arbitration in a Fair Debt Collection Practices Act case, ruling that the defendant waived its right to arbitrate by engaging in prior litigation. More details here.

article thumbnail

Q1 Industry Insights: Economic Stressors Persist while Pandemic-era Benefits End

True Accord

Directly impacting creditors and debt collectors, a January ruling from the District Court of Puerto Rico found that sending debt collection communications prior to any knowledge of a debtor’s bankruptcy filing is not a violation of the Fair Debt Collection Practices Act (FDCPA).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

There are several key consumer laws that collectors should be concerned with when engaging in debt collection practices. 

Collection Industry News

There are several key consumer laws that collectors should be concerned with when engaging in debt collection practices. These laws aim to protect consumers from unfair, deceptive, or abusive practices. Here are some important consumer laws that collectors should be familiar with: 1.

article thumbnail

How to Stop Creditor Harassment

Debt Free Colorado

Contact your friends, family, or employer about your debt. Publicly shaming you for not paying your debt. Falsely inflating the amount of debt you owe. The Fair Debt Collection Practices Act (FDCPA) is a federal law in the United States that protects consumers from creditor harassment.

article thumbnail

4 Ways To Remove Collections From Your Credit Report

Better Credit Blog

Ask the Collection Agency to Validate the Debt. If you can’t find inaccuracies on your credit reports, write to the collection agency and ask it to validate your debt. The main issue here is that you have only 30 days to make the request after the collection agency first contacts you. TrueAccord.