Consumer Finance

OCTOBER 14, 2020

On October 15, 2020, the Consumer Financial Protection Bureau filed a proposed stipulated final judgment and order to settle its lawsuit against Encore Capital Group, Inc., and its subsidiaries.

Credit Management 95

Credit Management Debt collector Judgment Collections 95

On Guard

DECEMBER 5, 2024

More specifically, 51,8% see the future of credit management tied to AI integration and over half (55,5%) expect the credit manager’s role to evolve toward providing strategic counsel, underscoring the need for human judgment alongside AI tools.

Credit Management 52

Credit Management Healthcare Judgment Financial services 52

Account Recovery

MAY 24, 2024

A Magistrate Court judge in Colorado has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case on the grounds that it was entitled to the “bona fide error” defense after it was accused of misrepresenting the debt that the plaintiff owed.

Fair Debt Collection 147

Fair Debt Collection Judgment Collections Credit Management 147

Account Recovery

JUNE 24, 2024

A District Court judge in Missouri has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, ruling that the plaintiff lacked standing and that the defendant did not violate the FDCPA.

Fair Debt Collection 130

Fair Debt Collection Judgment Collections Credit Management 130

Account Recovery

JULY 2, 2024

A District Court judge in Alabama has granted a defendant’s motion for judgment on the pleadings in a Fair Debt Collection Practices Act case, ruling that indicating a preference for receiving […]

Fair Debt Collection 130

Fair Debt Collection Judgment Collections Credit Management 130

CICM

SEPTEMBER 3, 2021

Some of the changes in the pandemic for credit management and enforcement were temporary and have started to fall away, but others remain, making the enforcement landscape indelibly altered. The first lockdown saw a moratorium on all residential judgment enforcement and landlord action. New normal for creditors. In conclusion.

Judgment Enforcement 79

Judgment Enforcement Judgment Debtor Credit Management 79

Jimerson Firm

JULY 30, 2020

Goldome Realty Credit Corp., 1st DCA 1992) (providing that where the borrower filed for bankruptcy after a default judgment of foreclosure, the lender was able to sever its claim for enforcement of the personal guaranty and pursue the personal guarantor). See, e.g. , Guirlinger v. 2d 1135, 1136 (Fla. This prevents a double recovery.

Lender 98

Lender Foreclosure Loans Banks 98

On Guard

DECEMBER 5, 2024

More specifically, 51,8% see the future of credit management tied to AI integration and over half (55,5%) expect the credit managers role to evolve toward providing strategic counsel, underscoring the need for human judgment alongside AI tools. What are you doing to make smarter decisions?

Credit Management 52

Credit Management Healthcare Judgment Financial services 52

The Kaplan Group

NOVEMBER 9, 2020

This makes going to court an even riskier move as we don’t know if the debtor will still be in business 2 years from now when we finally have the judgment. Our larger clients, and those with professional credit management staff, tend to litigate when the ROI looks promising. Risk and Reward in Large and Small Firms.

Collections 59

Collections Collection Agent Debtor Credit Management 59

Credit Management Company

JULY 14, 2021

It’s important to note that this is only binding in the Eleventh Circuit and the consumer is not entitled to a judgment for damages. To learn more about Credit Management Company and how we can help you understand these recent changes, contact us. The Consumer Financial Protection Bureau And Third-Party Vendors.

Collections 52

Collections Debt collector Collection Agencies Collections Agency 52

On Guard

MARCH 23, 2022

To retain existing staff and attract new employees, companies need to look at ways to appeal to the remote working mindset while also managing salary expectations. Credit management firms have been left in a particularly tough position. Optimise your team with the right credit management software.

Credit Management 52

Credit Management Judgment Collections 52

CICM

NOVEMBER 6, 2020

Trust your judgment in making decisions that are in the best interests of your business. Trust your training, and the skills you have acquired as credit professionals, and take the opportunity to learn more. The post Back yourself to win – by Sue Chapple FCICM appeared first on Chartered Institute of Credit Management.

Credit Management 45

Credit Management Judgment Collections 45

CICM

JULY 14, 2023

If you do secure a judgment at court, you have access to enforcement action to recover the debt. The post Best practice tips for Legal Processes appeared first on Chartered Institute of Credit Management. If your claim is less than £100,000 you can use the Money Claims Online service, which is relatively straightforward.

Unsecured Creditor 52

Unsecured Creditor Credit Management Collection Agencies Collections Agency 52

Collection Industry News

NOVEMBER 2, 2020

Midland Credit Management, Inc. The court did not address whether or not the problematic envelope being inside another envelope has any impact on its decision, but that’s likely because they were reviewing a decision on a motion to dismiss rather than a motion for summary judgment.). A judgment is a judgment.

Debt collector 40

Debt collector Judgment Creditors Construction 40

Consumer Financial Services Law

MARCH 1, 2018

Midland Credit Management, Inc. The ruling resulted in summary judgment as to liability for a certified class of plaintiffs due to a collection agency failing to include a warning that payment could revive the statute of limitations on time barred debt. Portfolio Recovery Assocs., LLC , 852 F.3d 3d 679 (7th Cir. LLC , 852 F.3d

Collections 40

Collections Debt collector Judgment Credit Management 40

CICM

JUNE 30, 2023

It involves paying attention to your thoughts, feelings, and surroundings without judgment. The post How to look after your well-being and mental health at work appeared first on Chartered Institute of Credit Management. Try a short meditation, taking a few deep breaths or focusing on your senses for a few minutes.

Healthcare 52

Healthcare Credit Management Judgment 52

Receivables Control

MAY 30, 2018

I assist troubled companies that have poor credit policies and are trying to improve their accounts receivable. In 30 years of doing so, I frequently encounter stressed out credit managers. The credit manager is taking heat for the companies’ cash flow troubles. Reign in Accounts Receivable Exceptions.

Credit Management 40

Credit Management Accounts Receivables Management Collections Education 40

Collection Industry News

JANUARY 29, 2021

Court of Appeals for the Seventh Circuit recently vacated judgment in favor of a debt collector against putative class action claims raised by a consumer that its collection letter violated the federal Fair Debt Collection Practices Act (FDCPA) by threatening action that could not legally be taken and amounting to a false representation.

Debt collector 40

Debt collector Fair Debt Collection Judgment Creditworthiness 40

Collection Industry News

OCTOBER 27, 2020

Midland Funding, LLC, Midland Credit Management, Inc., The stipulated final judgment and order will require the defendants to pay $79,308.81 The CFPB announced last week that it has entered into a settlement of the lawsuit it filed in September 2020 against Encore Capital Group, Inc., and Asset Acceptance Capital Corp.

Debt collector 40

Debt collector Law Firms Credit Management Judgment 40

The McHughes Law Firm

JUNE 22, 2016

It is a prudent credit manager that attempts to obtain personal guarantees from the principals of an incorporated entity to which credit is being extended. In conjunction with the execution of a personal guarantee, the well-informed credit manager will also attempt to obtain a personal financial statement from the guarantor.

Commercial Collection 40

Commercial Collection Collections Creditors Credit Management 40

Collection Industry News

JULY 19, 2021

The law requires the agencies to conduct a “reasonable reinvestigation” when borrowers complain of inaccuracies in their credit report. Brennan, joined by Circuit Court Judges Diane Wood and Amy St.

Law Firms 40

Law Firms Debt collector Credit Card Debt Consumer Credit 40

ABI

JANUARY 12, 2022

6] The Defendants filed a Joint Motion for Summary Judgment, arguing that the debtor has not met her burden under the undue hardship standard. [7] 7] The debtor disagreed and filed a cross motion for Summary Judgment. [8]. United States Dep’t of Educ. , 523(a)(8)). [2] at 5–6. . [3] citing 11 U.S.C. 523(a)(8)). [7] at 4; Brunner v.

Student loans 45

Student loans Student Loans Loans Debtor 45

Credit Management Company

AUGUST 9, 2022

A statement that if the consumer notifies the debt collector in writing within the 30-day period that the debt, or a portion of the debt, is disputed, the debt collector will obtain proof of the debt of a copy of the judgment against the consumer.

Debt collector 52

Debt collector Debtor Fair Debt Collection Original Creditor 52

FDCPA Defense

NOVEMBER 11, 2014

If a written dispute is sent by the consumer, the collector must cease further collection efforts until it provides the consumer with verification of the debt, a copy of a judgment, or, if it has been requested, the name and address of the original creditor. Midland Credit Management, Inc., 1692g(a)(4). at § 1692g(a)(4), (5).

Debtor 40

Debtor Debt collector Creditors Original Creditor 40

Account Recovery

FEBRUARY 3, 2025

A District Court judge in California has denied a plaintiff’s motion for default judgment and granted a defendant’s motion to set aside default in a Fair Debt Collection Practices Act case, ruling that the defendant was not properly served and had demonstrated a meritorious defense.

Judgment 130

Judgment Fair Debt Collection Construction Creditors 130