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Compliance Digest – December 30

Account Recovery

A pro se consumer had managed to get a 3-judge panel of the Court of Appeals to reverse (in a 2-1 decision) lower court rulings finding that PRA had established its standing to sue and its ownership of the debtors account in the underlying collection action, and judgment in its favor on the debt.

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What is a Judgment?

Credit Corp

A judgment is an order issued by a court of law. This includes opening a credit card account, getting a line of credit from your bank and obtaining financing for a big purchase. If they are successful, the court issues a judgment against you. What Happens After a Judgment Is Entered Against You? These laws vary.

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What Is a Judgment?

Credit Corp

A judgment is an order issued by a judge or jury to settle a lawsuit. In this case, the judge may order you to pay the other party as part of the court’s final judgment. The order can be issued in one of two forms: A monetary judgment: A judgment that orders one party to pay the other party a specific amount of money.

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How to Remove Civil Judgments From Your Credit Report

Better Credit Blog

In my recent experience, it’s not hard to remove judgments from your credit report as long as you follow the proper steps. Many readers assume it’s impossible to have the credit bureaus remove civil judgments because they involve the court system. If so, removing the judgment shouldn’t be too big of a hassle.

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Seventh Circuit Affirms Dismissal of FDCPA Claim for Lack of Standing, Holding Hiring a Lawyer and Confusion is Not Enough

Troutman Sanders

et al , the lawsuit arose out of an unpaid consumer credit account with a bank. The law firm filed suit against the plaintiff in state court seeking judgment in the amount of the debt as well as “statutory attorney fees.” The expense of hiring a lawyer to defend a baseless or illegal lawsuit is a concrete injury.”

Lawyers 52
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Dealing with Debt Collectors

Debt Free Colorado

What is Colorado Uniform Consumer Credit Code (Colorado UCCC). The Uniform Consumer Credit Code (UCCC) is a Colorado state legislation governing how consumer credit is handled. Consumer credit transactions are governed by the UCCC, which is a code of conduct.

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Compliance Digest – September 30

Account Recovery

WHAT THIS MEANS, FROM CHUCK DODGE OF HUDSON COOK: PRA got through this case because its lawyer was able to convince the Wisconsin state judge that its purchase-and-sale agreement intended to convey from the selling bank to PRA the consumer’s account and the agreement. More details here. At risk here was a class-action jury trial.