Collection Industry News

JULY 19, 2021

Circuit Court of Appeals ruled that the Fair Credit Reporting Act does not require consumer credit agencies to further investigate when a borrower disputes a debt collector’s ownership of their debt. Attorneys for the borrowers and credit agencies did not immediately reply to requests for comment on Friday.

Law Firms 40

Law Firms Debt collector Credit Card Debt Consumer Credit 40

Credit Corp

JUNE 3, 2020

The Consumer Credit Protection Act caps these types of garnishments. Speak with a bankruptcy lawyer to learn whether this will help your situation. When your employer receives the proper legal notice, they must withhold a percentage of your wages. These payments are sent to the judgment creditor until your debt is paid.

Judgment 98

Judgment Garnishment Creditors Law Firms 98

Debt Free Colorado

NOVEMBER 13, 2017

” The Consumer Protection Section, Consumer Credit Unit of the State Of Colorado Department of Law published an “Information for Consumers” handout which explains the following with respect to debt management in Colorado: You may be able to negotiate a favorable settlement yourself, without paying fees to debt.

Debt settlement 40

Debt settlement Creditors Debt Management Debt Consolidation 40

Better Credit Blog

APRIL 6, 2022

Lawyer-backed credit repair. Lexington Law, a lawyer-backed credit repair company, has been a leader in the industry for nearly three decades. In 2020 they helped remove over 7 million negative items from credit reports for their clients. What can credit repair companies not do? Lexington Law Pricing.

Debt settlement 105

Debt settlement Creditors Credit Counselor Loans 105

National Service Bureau

JUNE 18, 2015

Without further ado, here are three times a debt collector may not contact a debtor*: Unusual or inconvenient times and places : The hours between 9pm and 8am (local to the consumer) are considered unusual, unless the collection agency knows or has reason to know that the debtor keeps different hours.

Debtor 40

Debtor Debt collector Collection Agencies Collections Agency 40

Jimerson Firm

DECEMBER 11, 2023

The putative class action in TransUnion arose from claimed violations of the Fair Credit Reporting Act involving the maintenance of allegedly inaccurate consumer credit files. Ramirez , 141 S.Ct. ” Id. Our experienced team of attorneys is here to help.

Lawyers 59

Lawyers Judgment Consumer Credit Financial services 59

Debt Free Colorado

JUNE 18, 2024

This applies to unpaid debts such as: Unsecured debts: These are debts not tied to a specific asset, like credit card debt, medical bills, or personal loans. Overdue child support or alimony payments Unpaid taxes Federal laws, like the Consumer Credit Protection Act (CCPA) , limit the amount of your wages that can be garnished.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Creditors Garnishment Unsecured Debt 52

Taurus Collect

JANUARY 20, 2023

Understanding the Legality and Guidelines Regarding Credit Checks Understanding the legality and guidelines regarding credit checks by debt collectors in the UK is important. This means that any debt collector who contacts you must first request your written consent to view your credit report.

Debt collector 52

Debt collector Collection Agencies Collections Agency Loans 52

Collection Industry News

MARCH 28, 2022

In 2021, the Office of Financial Technology and Innovation (OFTI) met with dozens of companies, venture capitalists, lawyers, industry advocacy groups, federal and state financial regulators, consumer advocacy groups, and academics to better understand stakeholder perspectives on what constitutes responsible innovation in financial services.

Debt collector 40

Debt collector Education Credit Unions Credit Unions 40

Collection Industry News

AUGUST 30, 2021

of Americans had medical debt in collections as of June 2020, according to a study from the Journal of the American Medical Association (JAMA), which analyzed consumer credit reports between January 2009 and June 2020. I have since been contacted by collection agencies and lawyers attempting to collect on this ‘debt.’

Third-party Debt Collectors 52

Third-party Debt Collectors Credit Card Debt Government Collections 52

Credit Corp

MAY 30, 2023

The Consumer Credit Protection Act caps these types of garnishments. Speak with a bankruptcy lawyer to learn whether this will help your situation. When your employer receives the proper legal notice, they must withhold a percentage of your wages. These payments are sent to the judgment creditor until your debt is paid.

Judgment 75

Judgment Garnishment Creditors Law Firms 75

Better Credit Blog

APRIL 5, 2022

If this sounds overwhelming, you might want to reach out to a credit expert. considering you are getting your own lawyer to fight on your behalf. If the goodwill letter falls flat and the debt collection remains on your credit report, it’s time for a more advanced method. Wilshire Consumer Credit. TrueAccord.

Collections 98

Collections Collection Agencies Collections Agency Original Creditor 98

Collection Industry News

JANUARY 13, 2025

The spokesperson added that AccessOne offers favorable financing rates for patients and that the partnership helps to protect them from paying interest rates in the upper-20% range associated with consumer credit cards.

Healthcare 40

Healthcare Judgment Government Garnishment 40

Consumer Financial Services Law

JANUARY 2, 2017

Continuing its infatuation with technology, the CFPB also introduced new data tools including its ”Consumer Credit Trends” tools. This blog has brought new people and opportunities into my life and continues to make me a better lawyer. In many ways, it was the most ambitious of years for the CFPB.

Financial services 40

Financial services Law Firms Lawyers Trade 40