Better Credit Blog

FEBRUARY 11, 2022

Rated the best debt relief company on Trustpilot. A Guide to Debt Settlement Services. If you’re on the brink of bankruptcy, a final option before filing is to try the services of a debt settlement firm. As Experian notes , “Debt settlement is a risky process with no guarantee of success.”.

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Credit Corp

JANUARY 21, 2021

A collections notice shows up, a debt collector starts calling or you find a negative report on your credit history, but you know you paid the account in question. But if you think suing a debt collector or other creditor is the next best step, consult an attorney. It happens.

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Better Credit Blog

APRIL 1, 2022

Instead, you now owe the money to the third-party debt collector. If the entry is listed as a “collection” or it’s simply listed as “delinquent,” you’re more than likely going to have to deal with Capital One as the debt collector. Why would this kind of debt settlement work?

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Better Credit Blog

APRIL 11, 2022

Debt Settlement. The debt settlement method is closely related to DMPs, but there are differences. When you work with a debt settlement company, they create a savings account in which you contribute monthly payments. A debt settlement company is for-profit. Bankruptcy. bankruptcy.

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Troutman Sanders

MAY 18, 2021

On May 17, the Consumer Financial Protection Bureau (CFPB) announced a settlement with DMB Financial LLC, a Massachusetts-based debt-settlement company.

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The Kaplan Group

OCTOBER 19, 2020

Debt Settlement Services. Debt settlement companies, also sometimes called “debt relief” or “debt adjusting,” are companies that claim to renegotiate, settle, or in some way change the terms of your debt to a creditor or debt collector. Statute of Limitations.

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Taurus Collect

JUNE 12, 2023

But how often do debt collection agencies take their clients’ customers to court? From understanding the role of a debt collector and when they legally can file suit against slow-paying customers, these are essential facts for all business owners who wish to get paid while keeping customer relationships intact.

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Better Credit Blog

FEBRUARY 17, 2021

Founded in 1986, Fidelity Collections is familiar with the issues that face customers with medical debt. This is an exceptional feature that not many debt collectors offer. Debt collectors love to deal with their clients over the phone. Removing a debt collector from your credit report is not an easy task.

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Consumer Financial Services Law

JANUARY 11, 2017

A New York District Court recently addressed the issue of whether the FDCPA requires passive debt buyers to personally register disputes or whether they can delegate that obligation to their third party debt collector/servicer. Passive debt buyers purchase debt but retain third parties to service and collect the debt.

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Better Credit Blog

NOVEMBER 25, 2020

Medical debt is one of the most common types of debt in the United States. Assetcare LLC is a debt collector that specifically collects debts in the health care industry. Founded in 2016, Assetcare LLC is a small debt collection agency that is headquartered in Sherman, TX. Debt Validation.

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Better Credit Blog

NOVEMBER 25, 2020

Medical debt is one of the most common types of debt in the United States. Assetcare LLC is a debt collector that specifically collects debts in the health care industry. Founded in 2016, Assetcare LLC is a small debt collection agency that is headquartered in Sherman, TX. Debt Validation.

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Troutman Sanders

NOVEMBER 1, 2021

28, 2021) , plaintiff Roberta Bordeaux, on behalf of herself and a class of similarly situated persons, asserted that defendant debt collector LTD Financial Services LP (LTD) violated the Fair Debt Collection Practices Act (FDCPA) by sending collection letters, referencing potential tax reporting consequences of accepting a debt settlement.

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Better Credit Blog

MAY 4, 2022

Consolidating also isn’t right if you’re facing overwhelming debt that you have no prospect of repaying in full, even with lower monthly repayments. In this case, you can look to alternative types of debt relief, such as debt settlement or bankruptcy. Debt settlement. Bankruptcy.

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Better Credit Blog

JANUARY 20, 2022

The only problem came when after not paying on an account for 6–7 months, I came to find out that Freedom Debt Relief couldn’t settle this particular account. I had to make my own payment arrangements with the debt collector so that we could keep our furnace. It was for a PMSI loan for an outdoor wood burning furnace.

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Collection Industry News

MARCH 28, 2022

The Department has also begun licensing debt collectors. Proposed registration includes debt settlement services, student debt relief services, postsecondary education financing, and wage-based advances. Research and Market Monitoring. For more information about the DFPI, visit their website at [link].

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FFGN COLLECT NY

DECEMBER 11, 2023

In a survey, many debtors ( 82% ) revealed that they were likely to pay if the debt collector or attorney was empathic and understanding in their language and tone of voice. As a debt collection attorney, explaining the situation and the potential consequences of non-payment is crucial. Be clear and respectful.

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Sawin & Shea

NOVEMBER 8, 2023

This means you will be contacted (usually A LOT) by their debt collectors to arrange payment. In short, getting behind on your credit card payments will cost you a lot more money and add to your credit card debt stress for the foreseeable future. This results those late payments being reported on your credit report.

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Credit Corp

APRIL 2, 2024

A credit lawyer—also called a credit repair lawyer—is an attorney who’s qualified to help you repair your credit and fight debt collectors. Negotiate Debt Settlements With your permission, your attorney can also speak to lenders on your behalf. What Is a Credit Lawyer?

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Sawin & Shea

MAY 2, 2024

Bankruptcy Law Provides a Fresh Start While bankruptcy brings a negative mark on your credit report for up to ten years, it allows you to get out from under crushing debt you simply can’t repay. You are stuck in a cycle of barely making minimum payments on debt. You are facing lawsuits and judgements. Repossessions are pending.

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Collection Industry News

DECEMBER 1, 2022

It can take up to seven years for your past-due history to disappear completely off your report, but as you work toward settling outstanding debts your score will consistently increase with time. However, a new report from Pew Charitable Trust found that increasingly, collections companies are taking debt settlements to civil court.

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Troutman Sanders

APRIL 19, 2021

Among other provisions, the bill (1) prevents credit services organizations from discussing a consumer with a credit reporting agency, debt buyer, or debt collector; and (2) prevents credit services organizations from impersonating a consumer when communicating with a credit reporting agency, debt buyer, or debt collector.

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Credit Corp

MARCH 4, 2025

Taking the proactive step of negotiating debt with creditors offers several key benefits. Negotiating a debt settlement allows you to find a solution that works for both parties. Its possible you didnt originate the debt yourself, and if thats the case, you can dispute it. Stay Friendly Debt is a nerve-wracking topic.

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Troutman Sanders

JULY 26, 2021

The guidance resulted from concerns that debt collectors would seize the funds. On July 13, state Republican Senator Bob Hackett re-introduced the Financial Accountability and Independence Recovery (FAIR) Act in the Ohio legislature, which would allow debt settlement companies to operate in the state.

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