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What Credit Karma says in its reports about a consumer’s credit history is not gospel, a District Court judge in Tennessee has ruled, granting a defendant’s motion for summary judgment after it was accused of violating the FairDebtCollection Practices Act because it allegedly communicated information to a creditbureau after it was instructed (..)
Debtcollection agencies have a long history of harassment and illegal practices. Can a collection agency report to a creditbureau without notifying you? Knowing illegal debtcollection practices can help identify when you’re being treated unfairly. Attempts to Collect a Debt Not Owed.
A District Court judge in Nebraska has admitted he made a mistake and thrown out a jury verdict in favor of a defendant, determining that the plaintiffs in a FairDebtCollection Practices Act class action should be the prevailing parties, and awarding $39,000 in damages and attorney fees.
A District Court judge in Nebraska has rejected a defendant’s objection to the award of attorney’s fees in a FairDebtCollection Practices Act case, and has agreed to the plaintiff’s request to award more than $265,000 while also denying a request from the defendant to stay the injunction while the ruling is being appealed … (..)
A District Court judge in Georgia has granted a defendant’s motion to dismiss a FairDebtCollection Practices Act case, ruling that despite multiple disputes and complaints with the Consumer Financial Protection Bureau, the plaintiff failed to adequately state a claim for relief in the original or amended complaint.
Washington Senate Committee Advances Medical DebtCollection Bill A Senate committee in the Washington state legislature has advanced a medical debtcollection bill that could significantly change how medical debt is reported and enforced. More details here. More details here.
The Court of Appeals for the Eighth Circuit has overturned a lower court’s ruling in favor of the plaintiffs in a FairDebtCollection Practices Act class action, ruling they lacked standing to pursue their lawsuit after claiming a statement that “Interest and other charges may accrue daily” was deceptive and misleading.
How Does the Law Protect Your Rights Regarding CreditCollections and Reporting? Numerous federal and state laws protect your rights to fair and accurate credit reporting. Some of those laws also cover your rights as a consumer to fairdebtcollection practices.
When you submit a dispute , the credit reporting agency must investigate the items in question–usually within 30 days of receiving your communication. Once the investigation is complete, the creditbureau has 5 days to make any appropriate changes to your file and notify you of those results.
If you have a lot of inaccurate collection accounts on your report, you might need help from a credit repair firm like Lexington Law Firm. Credit repair companies know how to navigate creditbureau territory, and they can help consumers understand how to handle tricky situations.
The majority of lawyers who collectdebts on behalf of their clients are also considered “debt collectors” under federal law. In this blog, we discuss what debt collectors in Indiana can and cannot do according to the law. When Are Debts Covered By the Law?
To ensure you understand how important consumer rights are, we’ve put together an overview of consumer rights in debtcollection. Debt Protection Laws. While this act does not excuse consumers from paying their debt, it does protect them from unfair or abusive debtcollection tactics.
If you’re unable to pay your original creditor, your debt may pass to a debt recovery agency, earning a collection letter and possibly a stain on your credit report. CreditCollection Services, known as CCS for short, is one of the largest debtcollection agencies in the United States, based in Massachusetts.
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. After seven years, your old debt will also be removed from your credit score, but you may need to contact the creditbureau to ensure that this happens.
If you find an inaccuracy, dispute the entry with the creditbureau that’s reporting inaccurate information. The bureau will have 30 days to verify its information is accurate. If it’s inaccurate, the bureau will need to either correct the data or remove the entry in accordance with the FairCredit Reporting Act.
Preferred Collection and Management Services, Inc. case involves an allegation that a debt collector violated the FairDebtCollection 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.
This guide will shed light on debt collector lawsuits, how soon they can happen, how they affect your credit, and—most importantly—how to avoid them altogether. Be sure to also familiarize yourself with the FairDebtCollection Practices Act so you’re aware of your rights.
Make sure you understand your rights under the FairDebtCollection Practices Act. Remember that one of your rights is to an accurate credit report. If a collection agency reports a dead debt that can’t be collected to the creditbureau, you may be able to dispute it.
The FairCredit Reporting Act (FCRA) requires credit reporting agencies to show only accurate information about your credit history. If you can find inaccurate information, the creditbureau will have to fix the information. Ask the Collection Agency to Validate the Debt.
Understand Your Rights Under the terms of the federal FairDebtCollection Practices Act (FDCPA) , creditors and debt collectors arent legally allowed to: Harass or abuse you: This includes using threats, obscene language, or repeated calls. Go to the negotiating table with a firm figure in mind.
THE FairDebtCollection Practices Act (FDCPA) is a federal law that was enacted in 1978 by the United States Congress to protect consumers from abusive debt collectors. Note, however, that the FDCPA applies only to third party collectors who collectdebt for original creditors. L) Using a false name.
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