Creditors, Fair Debt Collection and Third-party Debt Collectors

Creditors

Fair Debt Collection

Third-party Debt Collectors

Judge Rules Defendant Meets FDCPA’s Definition of Debt Collector

Account Recovery

OCTOBER 30, 2024

A District Court judge in California has denied a defendant’s argument that it does not meet the definition of a debt collector under the Fair Debt Collection Practices Act and ruled that the plaintiff’s claims can proceed. Learn more.

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Fair Debt Collection Practices Act (FDCPA)

Better Credit Blog

AUGUST 31, 2020

Debt collectors are notorious for harassing consumers when they seek repayment, calling excessively and threatening to take actions that may not be legal. What you may not know is that you are protected by the Fair Debt Collection Practices Act (FDCPA), a law designed to keep third-party debt collectors in check when they contact you.

Fair Debt Collection

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What New Debt Collector Rules Mean for You

Nerd Wallet

NOVEMBER 16, 2020

Working with third-party debt collectors can be confusing and scary. adults with debt in collections, knowing their legal rights is crucial. The Fair Debt Collection Practices Act covers third-party debt collectors — those who buy a delinquent debt from an original creditor, like a credit card company.

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What Is a Debt Collector?

Nerd Wallet

FEBRUARY 18, 2022

A debt collector is a person, agency or company responsible for collecting money owed, usually on a past-due account. Lauren Schwahn writes for NerdWallet. Email: lschwahn@nerdwallet.com. Twitter: @lauren_schwahn.

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Collection agencies can buy debt from creditors, can sue for money | Fact check

Collection Industry News

APRIL 2, 2024

Our rating: False There is nothing illegal about collection agencies buying debt from third parties and attempting to collect it. The post also misrepresents the protections in place to prevent harassment by debt collectors. They can be done without the consumer’s permission.

Collection Agencies

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Can a Debt Collection Law Firm Act as a Debt Collection Agency?

FFGN COLLECT NY

JUNE 14, 2023

When a debtor owes a creditor money and the creditor is seeking assistance collecting the amount owed, the creditor can either use a collection law firm or a collection agency. Law firms and collection agencies serve the same purpose initially.

Law Firms

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Supreme Court says Congress must expand debt collection law

Roths Child Law

NOVEMBER 7, 2020

Santander bought the debt from a financier going through bankruptcy, which made Santander the owner of the debt. Fair Debt Collection Practices Act applies to third-party debt collectors that are collecting debts on behalf of creditors. As written, the U.S.

Third-party Debt Collectors

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Dealing with Debt Collectors

Debt Free Colorado

FEBRUARY 21, 2022

Does Colorado Law Protect Me From Debt Collectors? When collecting a debt from you, collection agencies must adhere to federal and state rules. Fortunately, the federal Fair Debt Collection Practices Act (FDCPA) protects all states. or after 9 p.m. unless you agree.

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How To Remove Penn Credit from Your Credit Report

Better Credit Blog

OCTOBER 5, 2020

Try out one of the approaches below, and you could be collections-free in a few weeks. Get your debt validated. Get Your Debt Validated. The Fair Debt Collection Practices Act is great for a lot of reasons, one being that it requires collections agencies to present proof of a debt before you’re required to make a payment.

Third-party Debt Collectors

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Can Debt Collectors Contact Consumers by Email or Text Message in 2021?

Direct Recovery

FEBRUARY 7, 2021

In what is supposed to be an increase in protections offered to consumers, an updated version of the Fair Debt Collection Practices Act (FDCPA) was passed in the fall of 2020 that brings that iconic piece of legislation up to date with modern forms of communication. The Type of Creditor Still Matters.

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Can a Collection Agency Report to the Credit Bureau Without Notifying You?

Credit Corp

NOVEMBER 9, 2020

Knowing illegal debt collection practices can help identify when you’re being treated unfairly. The Fair Debt Collection Practices Act is a federal law that protects consumers against certain unfair collection practices. It does not come into play for creditors collecting their own debts.

Collection Agencies

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CFPB releases final rule to implement FDCPA

Collection Industry News

NOVEMBER 6, 2020

The regulator explained the rule focuses on debt collection communications and gives consumers more control over how often and through what means debt collectors can communicate with them regarding their debts. The entire new rule can be downloaded on this website.

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How To Remove Credence Resource Management From Your Credit Report

Better Credit Blog

APRIL 1, 2022

Also, others cited that Credence did not remove the collection from their credit reports after the creditor negotiated an agreement with them. The Fair Debt Collection Practices Act provides several protections from collection agencies, so it is important to know your rights. Send a Debt Validation Letter.

Third-party Debt Collectors

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How to Remove ConServe from Your Credit Report

Better Credit Blog

AUGUST 31, 2020

ConServe is a debt collection agency that may contact you regarding unpaid debts. 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. Validate the Debt.

Third-party Debt Collectors

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How to Remove Capital One Collections From Your Credit Report

Better Credit Blog

APRIL 1, 2022

In other words, has Capital One sold your unpaid credit card debt to another collection agency, or is the debt still with Capital One? You can find out who owns your Capital One debt by getting a current copy of your credit report and taking a look to see who is listed as the creditor on the entry.

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How To Remove Capital Management Services From Your Credit Report

Better Credit Blog

SEPTEMBER 21, 2020

Ask for Proof of the Debt. You could be contacted about a debt you’ve already paid or one that was never yours, to begin with. The Fair Debt Collection Practices Act safeguards you here, requiring collections agencies to verify your debt by providing documentation of it before they can collect.

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Analysis of a Scam Email – “The Webster Law Firm” and Speedy Cash

Debt Free Colorado

APRIL 1, 2021

Also, it’s a violation of the Fair Debt Collection Practices Act (FDCPA) for a third party debt collector to disclose information about your debts to others. CREDITOR : SPEEDY CASH SERVICES. To: For privacy purposes I deleted the emails of 8 different people here.

Law Firms

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How To Remove AWA Collections From Your Credit Report

Better Credit Blog

OCTOBER 2, 2020

Write a debt validation letter. Write a Debt Validation Letter. According to the Fair Debt Collection Practices Act , a debt collector can’t require payment from you without first validating your debt. Third-party debt collectors are often hired by agencies to collect on unpaid debts.

Collections

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How To Remove Receivable Management Systems From Your Credit Report

Better Credit Blog

NOVEMBER 5, 2020

Here are three methods that may work: Ask RMS for proof that the debt is yours. Ask RMS for Proof the Debt is Yours. Thanks again to the Fair Debt Collection Practices Act, you are allotted 30 days to dispute a collections entry on your report. Pay a negotiated amount to get the entry deleted.

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How to Get Wilshire Consumer Credit Off Your Credit Report

Better Credit Blog

DECEMBER 29, 2020

They are a third-party debt collector and auto loan financer out of California. They are aggressive, and they will not stop unless you pay them or remove their account from your collection account. We can help you remove their collection account from your credit report.

Consumer Credit

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How to Remove National Credit Systems From Your Credit Report

Better Credit Blog

SEPTEMBER 8, 2020

If you owe an old landlord money on your rent, you may begin to hear from a debt collector called National Credit Systems. National Credit Systems is a third-party debt collector that has been hired on behalf of the original creditor to collect the debt from you.

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How to Remove FMA Alliance From Your Credit Report

Better Credit Blog

FEBRUARY 19, 2021

FMA Alliance is a third-party debt collector that works with companies to recover delinquent accounts from customers. Before a debt collector can contact you for payment, they must first report the debt to the major credit bureaus.

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How To Remove Account Control Technology From Your Credit Report

Better Credit Blog

OCTOBER 19, 2020

If you missed a payment on one of your accounts in any of the industries above, ACT can legally call you, send letters, and place a collections entry on your credit report. Companies opt for assistance from third-party debt collectors like ACT when they are unsuccessful at collecting payments. and 9 p.m.

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