American Profit Recovery

MARCH 4, 2022

National Consumer Protection Week in 2022 is March 6-12 and is meant to educate everyone about how to improve finances, avoid scams and fraud as well as educate consumers about their rights. There’s a reason why consumers compliment our debt collectors after a telephone conversation.

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American Profit Recovery

SEPTEMBER 26, 2024

We believe what sets us apart and what truly made a monumental shift in debt collections was to place much of the emphasis on the consumer experience. It goes without saying that most people do not like to interact with debt collectors. Our focus was to always educate everyone about every aspect of debt collections.

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Account Recovery

DECEMBER 12, 2024

I started in the industry as a debt collector while attending college, where I quickly developed a passion for the field and its challenges. While I dont have a specific person in mind, I greatly admire the work and educational resources provided by the ACA. What is your career highlight so far?

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Debt collector Education Collections 130

Nexa Collect

JUNE 24, 2023

As per my knowledge, there are no clear guidelines from the government for a debt collector who wants to work from home. The debt collector should not have the ability to install new programs or use external devices like a USB drive that can be used to copy the data. Access Control : Implement strict access controls.

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Collection Industry News

NOVEMBER 25, 2024

The Federal Trade Commission is taking action against a Georgia-based debt collector that tricked consumers into paying more than $7.6 million in bogus debt by threatening them with jail time, harassing their family members, and other unlawful actions. The case will be decided by the court.

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American Profit Recovery

AUGUST 11, 2021

No government or elected official can be educated on every issue that lies in front of them. And that is definitely the case when it comes to debt collections.

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American Profit Recovery

APRIL 20, 2022

April is Financial Literacy Month and if you are a consumer that is struggling to meet your financial obligations, this is a chance for you to educate yourself on ways you can improve your financial health. There are so many ways available to consumers to get back on track and not be in debt anymore. But let’s be clear.

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American Profit Recovery

JUNE 28, 2023

However, one significant shift is the industry’s determination to make communications between debt collectors and consumers much more dignified and respectful. Want the inside scoop on how the debt collection industry is paving the future of collections and earning the trust of consumers?

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Nexa Collect

FEBRUARY 3, 2022

Since all collection calls are recorded, it is important for the management/supervisor to randomly examine at least a few collection calls daily and discuss shortcomings with their debt collectors. They must have at least a few bilingual debt collectors in order to recover from people who prefer talking only in Spanish.

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Taurus Collect

FEBRUARY 1, 2024

That’s where a debt collections service steps in—a critical intermediary that takes on the task of pursuing delinquent accounts to ensure that owed funds are recovered. Introduction Debt collectors, often viewed with a mix of apprehension and uncertainty, play a significant role in the credit economy.

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Taurus Collect

MARCH 5, 2024

Ignoring debt collectors may seem like a temporary solution to financial woes, but it often leads to more severe repercussions down the line. Engaging with a debt collections service is a crucial step towards managing and settling outstanding debts. Legal Actions: Ignoring debt collectors can potentially lead to lawsuits.

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Nexa Collect

MAY 16, 2021

Did you sponsor higher education for your employee with a commitment to work with you for a few years, but he resigned right after completing the degree? Their recovery efforts will include sending demand notices, calls from a professional debt collector, and if the amount is substantial, then forward that account to an experienced attorney.

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Credit Management Company

JANUARY 10, 2019

Hospitals and doctor's offices have always been concerned about getting payment from the uninsured, but now that patients with employer coverage bare a greater financial burden, providers are feeling more like debt collectors. Of those doctors that remain independent, many are turning to third party collectors for help.

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PDC Flow

FEBRUARY 27, 2025

Compliance can be even harder when scammers actively try to disrupt your debt collection practices through call baiting. Why is call baiting done and what can debt collectors do to prevent the practice? Industry Misperceptions Some debtors have never spoken to a collector before. Train your debt collectors.

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Account Recovery

SEPTEMBER 10, 2024

Why it matters: As the student loan repayment landscape evolves, debt collectors and financial institutions need to understand borrower challenges to develop effective collection strategies and support financial wellness initiatives. Learn more.

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FFGN COLLECT NY

DECEMBER 15, 2021

If the individual owner or tenant owes the receivable and you seek payment from the individual through a debt collector , the CFPB will have a watchful eye. The CFPB is a federal agency designed to ensure that financial companies including debt collectors treat all consumers fairly. Use obscene or profane language.

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Debt Collection Answers

AUGUST 27, 2023

As you hesitantly answer, a stern voice claims to be a debt collector, demanding immediate payment for a debt you’ve never heard of. Whether you’ve faced such calls or want to be prepared, read on to discover how to recognize and deal with suspicious debt collector calls with confidence.

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Sawin & Shea

AUGUST 24, 2020

How Does Debt Negotiation Work? Debt negotiation means your creditor has agreed to accept less than the full amount of your debt as payment– it also means debt collectors can’t harass you for your payments. Debt settlement with the wrong organization or a scam can destroy your credit.

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National Service Bureau

SEPTEMBER 9, 2015

It’s no secret that student debt is at an all-time high. According to the US Department of Education, there are more than 40 million student loan borrowers who owe more than $1.2 A college education is practically the new high school equivalent - it’s pretty much expected to get a job. Let’s take a look at why….

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Collection Industry News

NOVEMBER 8, 2021

Department of Education said it is ending its relationship with private collection agencies that had been tasked with recovering payments from federal student loan borrowers in default to improve collections and provide borrowers with more support. Source: site. Photo: John Minchillo/Associated Press.

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Better Credit Blog

SEPTEMBER 9, 2020

If you have been contacted by Sunrise Credit Services, you are probably being pursued for an old debt. Sunrise Credit Services is a debt collector that has been hired by your old creditor to collect payment on your debt. They may also have purchased the debt to profit off your payments. Validate the Debt.

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National Service Bureau

DECEMBER 9, 2015

These are important for debt collectors to avoid, especially because they’ve been emphasized recently. While it’s ultimately up to each agency to decide how to proceed with debt collections against servicemembers, one thing that would behoove all agencies is a better reporting system between creditors and debt collectors.

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Collection Industry News

MARCH 8, 2021

In many cases, consumers didn’t even owe the debts. They weren’t the first enforcement actions regulators have taken against bad debt collectors and, unfortunately, not the last. Get the name of the collector and the company, its address, and the phone number. Get “validation” information about the debt.

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True Accord

JANUARY 21, 2025

The good news for lenders and debt collectors is that a reported 72% of consumers have a New Years resolution to pay off debt in 2025. Additionally, the average perceived probability of missing a minimum debt payment over the next three months increased to 14.2% and was broad-based across income and education groups.

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Troutman Sanders

DECEMBER 23, 2020

Pennsylvania Higher Educ. Ramsey subsequently filed suit and moved for summary judgment – alleging defendants violated the TCPA by contacting him on his cell phone with an ATDS without his prior express consent. There is a circuit split regarding the appropriate interpretation of the statute defining an ATDS. In Allan v.

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Collection Industry News

JULY 4, 2022

CFPB Moves to Reduce Junk Fees Charged by Debt Collectors. Advisory opinion explains that most “pay-to-pay” fees charged by debt collectors violate federal law. Federal law generally forbids debt collectors from imposing extra fees not authorized by the original loan,” said CFPB Director Rohit Chopra.

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True Accord

NOVEMBER 13, 2023

While attempting to provide additional protections for consumers when debt collectors reach out using digital channels, these NYDFS and NYC DCWP restrictions create unintended consequences that raise barriers for NY consumers to correspond with collection agencies in their channel of preference and hinder communication efforts.

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Collection Industry News

JULY 21, 2024

One of Australia’s largest debt collectors will be taken to court after allegedly operating in Victoria despite being banned for previous illegal conduct. The post Debt Collector Taken To Court After Flouting Trade Ban appeared first on Collection Industry News. Panthera has been approached for comment.

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Better Credit Blog

AUGUST 21, 2020

Nothing is quite as panic-inducing as receiving a call from a debt collector. Not only are they notoriously rude, but having a debt collector on your tail can mean that your credit score is about to take a dive. Unfortunately, they are a completely legitimate debt collector but are also a terrible pain to deal with.

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Better Credit Blog

OCTOBER 14, 2020

Though the agency is headquartered in Pennsylvania, they collect on consumer debt nationwide. ARS collects on debts for several types of businesses, including: Telecommunications services. Higher education loans. Healthcare debt. Debt from financial institutions. Utility bills. Dupont, Pennsylvania 18641.

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FFGN COLLECT NY

MAY 27, 2024

A group that includes banks, credit card companies, mortgage lenders, other financial companies, and debt collectors. In addition to educational components for consumers, the CFPB supervises and inspects banks and others to ensure compliance with the rules. How Does the Consumer Financial Protection Bureau Work?

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Collection Industry News

DECEMBER 21, 2020

November 9, 2020) for instance a Defendant was just denied summary judgment— i.e. the case is headed to a jury—in a case where the Defendant debt collector claimed it sent the texts at issue manually. Defendant submitted three declarations from witnesses purporting that the texts at issue—debt collection messages—were sent manually.

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Better Credit Blog

NOVEMBER 2, 2020

Action Financial Services is a medium-sized debt collection agency that is headquartered in Central Point, OR. They were originally founded in 2009 and collect on behalf of high education institutions and the U.S. Department of Education for the non-payment of student loans. Debt collectors are a sneaky bunch.

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Collection Industry News

MAY 10, 2023

AFS), which also does business as Progressive Business Publications and the Center for Education and Employment Law. ICR allegedly collected on debts AFS claimed organizations such as businesses, schools, fire and police departments, and non-profits owed for book and newsletter subscriptions they did not order.

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Collection Industry News

OCTOBER 12, 2020

Here’s some bedrock—debt collectors can call numbers supplied by the consumer to an original creditor as part of a credit transaction. Either way, it never hurts to have a court decide that consent passed from a creditor to a debt collector. Really quick one for you.

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Troutman Sanders

APRIL 2, 2021

The Sixth Circuit recently confirmed student loan servicers, who begin servicing debts after default and resale, are not liable to borrowers under the Fair Debt Collection Practices Act (FDCPA) because the servicers are not acting as “debt collectors.”. Critically, only “debt collectors” can be liable under the FDCPA.

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Taurus Collect

SEPTEMBER 2, 2024

Legal Compliance: Following ethical guidelines helps avoid legal pitfalls, minimising the risk of disputes and charges against debt collectors. Improved Recovery Rates: A compassionate approach can lead to higher success rates in recovering debts, as individuals are more likely to cooperate with respectful debt collectors.

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