Direct Recovery

MAY 4, 2024

In fact, the only information required to report an outstanding debt is the debtor’s full name, the amount owed, and the address on file, even if that address is incorrect. The credit bureaus are responsible for taking this information and using it to assign a debt to the right person, which can be extremely difficult in many cases.

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Taurus Collect

NOVEMBER 15, 2023

They can’t harass debtors or act unfairly. Communication: The agency is allowed to contact the debtor to discuss the debt, usually through letters or phone calls. However, they must respect the debtor’s wishes if they are asked not to call at certain times.

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Credit Corp

OCTOBER 16, 2023

While a debt collector contacting you can be stressful, it’s important to pause and remember your rights as a debtor. Debt collectors send debt validation letters show what debts you owe, the amount, and to whome you owe it to. Before paying the debt collector, verify that the debt is actually yours.

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Better Credit Blog

APRIL 1, 2022

And in certain cases, some bankruptcies may hang around for even longer due to an error on your credit report. An infrequent but possible issue could be an improper involuntary bankruptcy case , in which a bankruptcy is filed improperly and involuntary against a debtor because they are not paying their debt.

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Sawin & Shea

JULY 20, 2022

Convey a misleading sense of affiliation with or ownership of a credit bureau. Since debtors usually do not show up to court, these cases usually result in wage garnishment. Specifically, debt collectors may not: Provide the erroneous impression that they are a lawyer or a representative of the government. Unfairness.

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Consumer Financial Services Law

FEBRUARY 1, 2017

National Credit Systems, Inc., National Credit Systems, Inc. has been authorized to recover this debt by way of credit bureau reporting (following this initial 30 day validation period) as well as other remedies available under the law. The debtor contended that the letter violated 15 U.S.C. Santibanez v.

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Consumer Financial Services Law

APRIL 15, 2019

The letter also informed Navarroli that the law limited how long he could be sued for the debt and how long a debt can be reported to a credit bureau, and went on to state that due to the age of the debt at issue, Midland would “not sue [Navarroli] for it or report payment or non-payment of it to a credit bureau.”

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The Kaplan Group

FEBRUARY 19, 2020

After seven years, your old debt will also be removed from your credit score, but you may need to contact the credit bureau to ensure that this happens. If you are taken to court over a debt that you believe is past the statute of limitations, you will still need to show up in court and defend yourself.

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The Kaplan Group

JUNE 25, 2020

If a collection agency falsely reports a debt to a credit bureau, file a dispute with the bureau. Make sure you are regularly checking your credit reports so that you can catch any incorrect issues. Whether you owe the money or not, whether you can pay the debt or not, do not ignore the call.

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FDCPA Defense

MAY 6, 2014

The Ninth Circuit rejected the consumer’s claim that the letter violated sections 1692e, 1692e(5) and 1692e(10) of the FDCPA, noting that: “The body of the notice was informational, notifying Wade that failure to pay could adversely affect her credit reputation….The Credit Bureau of Georgia, 555 F. Equifax Check Services, Inc.,

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Fico Collections

DECEMBER 20, 2021

case involves an allegation that a debt collector violated the Fair Debt Collection Practices Act (FDCPA) by sending personal information about the debtor to a print vendor which prepared and sent a dunning letter on behalf of the debt collector. Preferred Collection and Management Services, Inc.

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Fico Collections

MAY 19, 2021

While a debt collection agency can use pan-European tracing to locate debtors, there is no pan-EU pact to enforce payment –– and certainly nothing in Africa and the Middle East. Cross-border fraud is also exacerbated in the UK, EU and Middle East by a lack of cross-border credit bureau facilities.

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Credit Corp

MAY 3, 2023

It may even appear twice on the report from the original debtor and the debt collector. This can cause your credit to take a hit for much longer than it should. How Fast Can You Clean Up Your Credit Report? The length of time it takes to clean up your credit report depends on the number and type of issues you have.

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Fico Collections

MAY 19, 2021

While a debt collection agency can use pan-European tracing to locate debtors, there is no pan-EU pact to enforce payment –– and certainly nothing in Africa and the Middle East. Cross-border fraud is also exacerbated in the UK, EU and Middle East by a lack of cross-border credit bureau facilities.

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Collection Industry News

SEPTEMBER 8, 2020

c) Falsely representing that they work for a credit bureau. c) Falsely representing that they work for a credit bureau. I) Actions, such as a lawsuit, will be taken against the debtor, when such action may not legally be taken, or when they do not intend to take such action.

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