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In a case that was defended by the team at Malone Frost Martin, the Court of Appeals for the Eighth Circuit has affirmed a lower court’s ruling in favor of a defendant that was sued for violating the FairDebtCollection Practices Act because it did not include a copy of the originalcreditor’s financial … The post Appeals Court Affirms (..)
A change in precedent has led the Court of Appeals for the Third Circuit to remand a case back to the District Court to determine whether the owners of a debt that was purchased from the originalcreditor can compel arbitration after being sued for allegedly violating the FairDebtCollection Practices Act.
Read on to discover all you need to know about debtcollection agencies. Myths About Using a Collection Agency: Paying the OriginalCreditor to Bypass Agencies. Many people believe they can get around dealing with debtcollection agencies by paying their originalcreditors directly.
While many consumers are able to manage their debt load and stay current on their accounts, many businesses are finding themselves with uncollected debt and no proven collection strategy. Before you can collect on any debt, you need to validate the debt in accordance with the FairDebtCollection Practices Act.
Ask the Collection Agency to Validate the Debt. If you can’t find inaccuracies on your credit reports, write to the collection agency and ask it to validate your debt. The main issue here is that you have only 30 days to make the request after the collection agency first contacts you. LCA Collections.
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