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FTC Takes Action Against Phantom Debt Collector That Collected Millions In Bogus Debt From Consumers

Collection Industry News

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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Recommendations for Debt Collectors Working from Home

Nexa Collect

As per my knowledge, there are no clear guidelines from the government for a debt collector who wants to work from home. You should discuss these points with the compliance superior of your collection agency. In the United States, for example, debt collectors must adhere to the Fair Debt Collection Practices Act (FDCPA).

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FTC Cracks Down On Corrupt Debt Collectors

Collection Industry News

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. The collectors threatened them with legal action unless they made an immediate credit or debit card payment.

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How Often Do Debt Collection Agencies Take You To Court? 5 Things to Know

Taurus Collect

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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Digital Operations Impact on Debt Collection, from Team Structure to ROI

PDC Flow

Like other Accounts Receivable professionals, Franklin found his career by accident when he accepted a collection job after college in 2005. He has a wide range of experience, including consumer, commercial, international and legal collections. In-house IT helps with software creation, data storage, etc.

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CFPB Annual Report on FDCPA Activities (2024)

Burt and Associates

After winning a court judgment absolving them of rental debt, one tenant found that the debt collector refused to remove the debt from their record, blocking them from securing new housing and impacting their credit. This move aims to prevent consumers from being harassed over debts they may no longer legally owe.

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CFPB Annual Report on FDCPA Activities (2024)

Burt and Associates

After winning a court judgment absolving them of rental debt, one tenant found that the debt collector refused to remove the debt from their record, blocking them from securing new housing and impacting their credit. This move aims to prevent consumers from being harassed over debts they may no longer legally owe.