Account Recovery

FEBRUARY 24, 2025

California Appeals Court Reverses Judgment in Debt Buyer Case A California Appeals Court has reversed a lower courts ruling in favor of a debt buyer, determining that consumers do not need to show actual damages to pursue statutory damages under the Fair Debt Buying Practices Act (FDBPA). Stay tuned!

Debt Buying 130

Debt Buying Debt collector Credit Unions Credit Unions 130

Nexa Collect

JUNE 18, 2023

Legal Action : In some cases, if the debt remains unpaid for a long period, the collection agency may decide to take legal action against the patient. This could involve filing a lawsuit to seek a judgment for the amount owed. Payment Plans and Negotiations : Sometimes, the collection agency might be willing to negotiate the debt.

Collection Agencies 130

Collection Agencies Collections Agency Collections Healthcare 130

FFGN COLLECT NY

DECEMBER 12, 2023

In addition, the attorney must provide a list of income types protected from collection should the court grant the debt collector a judgment on the case. You must inform consumers about the debt specifics. Debt buying is a common practice in New York.

Debtor 52

Debtor Debt collector Debt Buying Original Creditor 52

FDCPA Defense

FEBRUARY 5, 2013

The FTC recently released its 162-page report entitled " The Structure and Practices of the Debt Buying Industry " which describes a comprehensive study conducted by the FTC over a three-year period using data obtained from the nation’s largest debt buyers.

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Collections Creditors Debt Buying Debt collector 40

Collection Industry News

OCTOBER 6, 2020

Finding themselves with enough money to settle old debts, people responded to collectors’ calls and letters. Debt-buying executives couldn’t help marveling at their good fortune. Even that scenario turns out to be rosy for the debt buyers. At the same time, the pandemic compelled households to cut spending.

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Account Recovery

FEBRUARY 14, 2025

A California Appeals Court has reversed a lower court’s ruling in favor of a debt buyer, determining that consumers do not need to show actual damages to pursue statutory damages under the Fair Debt Buying Practices Act (FDBPA).

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Judgment Debt Buying Original Creditor Creditors 130