Credit Corp

JULY 1, 2024

This prompts a charge-off, where a creditor closes your account and writes off your debt as a loss. Collection agencies may contact you frequently, but you have certain legal rights related to debt collection. If a collection agency violates any state or federal laws, you also have the right to consult with an attorney.

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Troutman Sanders

OCTOBER 17, 2023

The trial court granted summary judgment to the defendant on all claims finding that because the defendant was not a consumer lender it was not required to obtain the license at issue. Instead, the offending conduct was misrepresenting “that it had the legal right to collect on the account when it lacked the proper license to do so.”

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Collection Industry News

JULY 27, 2021

Court of Appeals for the Seventh Circuit recently affirmed judgments entered in separate cases consolidated on appeal in favor of several credit reporting agencies rejecting consumers’ claims of violations of the federal Fair Credit Reporting Act (FCRA). but primarily legal issues outside their competency. Source: site. 1681, et seq.,

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ABI

JANUARY 20, 2020

In a debtor/creditor relationship, a debtor may explicitly, or implicitly, waive their rights. 2] The judgments were then recorded as judgment liens on property owned by the Debtor (the “Artesian Property”).” [3] and any creditor. and any creditor. and any creditor. By: Benjamin Ranalli.

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Sawin & Shea

SEPTEMBER 27, 2023

The money earned from these sales then goes to the creditors and any remaining balances on the debts are discharged. Debt collectors have a legal right to pursue the collection of personal debt within the bounds of the law. The Court can sell all nonexempt possessions and assets. What Are My Exempt Assets?

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The McHughes Law Firm

JUNE 22, 2016

A guarantee of payment is a far more effective tool , as it allows a creditor to proceed directly against the guarantor without the necessity of taking any action against the primary obligor [debtor]. Therefore, when drafting a personal guarantee, a creditor should specify that the guarantee is one of payment.

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Credit Corp

AUGUST 8, 2024

Ignoring it can lead to an automatic judgment against you, meaning the court will rule in the collector’s favor without your defense, and you can lose your ability to dispute. Talk with an attorney: An attorney can advise you on your legal rights and help you navigate the lawsuit process.

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Account Recovery

OCTOBER 28, 2024

Plaintiff’s counsel has been foreclosed from bringing claims under the licensing statute due to scores of default judgments entered against consumers in previously filed collection actions as state courts have held that any such claim should have been brought in the collection action under the Entire Controversy Doctrine.

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