Collection Industry News

NOVEMBER 2, 2020

The panel found that the consumer lacked standing because she failed to allege that the debt collector’s actions harmed her or posed any risk to her. Midland Credit Management, Inc. In Preston , the debt collector sent a collection letter that was inside of an envelope, which itself was inside another envelope.

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Credit Management Company

JANUARY 25, 2022

Well, consumer collection strategies are closely regulated under the Fair Debt Collection Practices Act, which serves as a standard for removing abuse and shady practices in the collector’s world. However, the FDCPA does not relate to commercial debt collection. It’s common to think that debts dissipate over several years.

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Credit Management Company

OCTOBER 24, 2018

For example, "“This is a communication from a debt collector. This is an attempt to collect a debt and any information obtained will be used for that purpose.”. One texting tactic that works well for some debt collectors is the automated response to a consumer request. TCPA Rules.

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CSA

FEBRUARY 21, 2020

The January/February 2020 issue of Credit Management includes a feature on how the industry can encourage greater engagement with customers who are in financial difficulties, and looks at the role of the CSA?s It is important that this campaign is complemented by clear messages around seeking free debt advice ? she says. ?It

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Collection Industry News

JULY 19, 2021

We hold that plaintiffs’ allegations that the creditors did not own their debts are not factual inaccuracies that the consumer reporting agencies are statutorily required to guard against and reinvestigate, but primarily legal issues outside their competency,” Brennan wrote for the three-judge panel. ’”. “We 7th U.S.

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FDCPA Defense

NOVEMBER 11, 2014

Section 1692g of the FDCPA says collectors must provide notice to consumers within five days of the initial communication regarding the debt, stating the amount of the debt, the name of the current creditor, and explaining the consumer’s right to dispute the debt and to obtain verification. Law Office of Mandy L.

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Credit Corp

APRIL 2, 2024

While you can work to repair your credit with any of the consumer reporting bureaus, most consumers focus on the three main agencies: TransUnion, Equifax, and Experian. You can handle the credit repair process yourself. For this reason, many people turn to a lawyer who has experience helping people repair their credit.

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Credit Management Company

JUNE 14, 2022

The creditor collecting the debt. A notice informing the consumer they have 30 days to dispute the debt. A statement letting the consumer know if they request additional information about the debt or creditor it will be provided within 30 days.

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Better Credit Blog

APRIL 5, 2022

Don’t go into too many details, but let the debt collector know if you’re trying to buy a house but can’t because of the negative information on your credit report. Then kindly ask the debt collector to remove collections from your credit report out of goodwill.

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