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The Federal Trade Commission is taking action against a Georgia-based debtcollector 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.
As per my knowledge, there are no clear guidelines from the government for a debtcollector 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, debtcollectors must adhere to the Fair DebtCollection Practices Act (FDCPA).
In many cases, consumers didn’t even owe the debts. They weren’t the first enforcement actions regulators have taken against bad debtcollectors and, unfortunately, not the last. The collectors threatened them with legal action unless they made an immediate credit or debit card payment.
But how often do debtcollection agencies take their clients’ customers to court? From understanding the role of a debtcollector 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.
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 legalcollections. In-house IT helps with software creation, data storage, etc.
After winning a court judgment absolving them of rental debt, one tenant found that the debtcollector 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.
After winning a court judgment absolving them of rental debt, one tenant found that the debtcollector 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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