Troutman Sanders

SEPTEMBER 8, 2023

Mountain America Federal Credit Union , the plaintiff became delinquent on a credit card account with her credit union. The credit union then assigned the debt to a third-party collection agency. In Hansen v. A copy of the order is available here.

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Account Recovery

JUNE 26, 2023

A District Court judge in Utah has denied a defendant’s motion to dismiss in a Fair Credit Reporting Act case, ruling that it did not conduct a reasonable investigation after the plaintiff disputed the debt because both the defendant — the original creditor — and a collection agency were reporting the debt to the credit […] (..)

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Troutman Sanders

MARCH 22, 2023

An Illinois federal district court recently denied a creditor-defendant’s motion for summary judgment in a Fair Credit Reporting Act (FCRA) case brought by a consumer who questioned why his debt was being reported twice — as both a tradeline with the original creditor and as a tradeline with a third-party collection agency.

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FFGN COLLECT NY

JULY 20, 2021

To understand whether the new requirements apply to your business, we turn to the Consumer Finance Protection Bureau’s definition of a consumer credit transaction, which states, “consumer credit means credit offered or extended to a consumer primarily for personal, family, or household purposes.”

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Debt Collection Answers

MAY 18, 2023

CCS Offices works as a third-party recovery service for clients seeking to collect unpaid debts from sources such as banks, financial institutions, and credit unions. This agency collects debts on behalf of creditors or by acquiring debts from creditors.

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Credit Corp

AUGUST 24, 2020

Collectors must provide a written notice explaining the debt—including the amount, the name of the original creditor, and your right to dispute the debt—within five days of contacting you the first time. If your debt goes into collection , it’s imperative you know your debt collection rights. Money Transfer.

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Better Credit Blog

AUGUST 31, 2020

They are a third-party debt collector, which means that they may be hired by your original creditor, or they may purchase your old debt on the chance that you pay them instead. They are notoriously difficult to work with, and their presence on your credit report can mean trouble for your score in the long run. Validate the Debt.

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