Account Recovery

NOVEMBER 30, 2020

The Court of Appeals for the First Circuit has upheld a lower court’s ruling that the purchaser of a defaulted credit card debt is entitled to the same arbitration opportunity as the original creditor, even though the individual who owed the debt prevailed in a civil suit filed by the purchaser because it could not … The post Appeals Court (..)

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Debt Buying Credit Card Debt Original Creditor Creditors 217

Account Recovery

MARCH 11, 2025

Nearly half (47%) of older adults with credit card debt say they rely on plastic to pay for basic living expenses they cannot otherwise afford, according to the results of a survey released yesterday by AARP that sheds fresh light on credit card usage among Americans aged 50 and older a picture that is worrisome.

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Credit Card Debt Credit Unions Credit Unions Debt Buying 130

Account Recovery

JANUARY 26, 2024

A pair of bills were introduced in the Maine legislature yesterday that both tackle the topic of medical debt. One would limit how medical debt credit cards are promoted and used and the other would give consumers the chance to buy their medical debts from a provider before they are sold to someone else.

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Credit Card Debt Debt Buying 130

Account Recovery

JANUARY 26, 2024

Collector Facing FDCPA Class Action for Not Honoring Terms of Settlement Judge Reduces Plaintiff’s Attorney Fee Award by 60% in FDCPA Case Medical Debt Bills in Maine Target Credit Cards, Debt Buying Less than Half of Consumers can Afford $1,000 Emergency Expense: Survey WORTH NOTING: A good news story for Friday — the smallest infant […] (..)

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Credit Card Debt Debt Buying 147

Credit Corp

MARCH 1, 2023

However, you can’t actually do this due to how debt buying works. Debts of this nature are sold in large bundles to debt collectors and other agencies. Learn more about how debt buying works, why it’s not an answer to your debt concerns, and what you can do to handle debt instead below.

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Debt Buying Creditors Credit Card Debt Original Creditor 81

FFGN COLLECT NY

DECEMBER 12, 2023

In addition, the attorney must provide a list of income types protected from collection should the court grant the debt collector a judgment on the case. You must inform consumers about the debt specifics. Debt buying is a common practice in New York.

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Debtor Debt collector Debt Buying Original Creditor 52