Account Recovery

DECEMBER 2, 2021

When the Consumer Financial Protection Bureau issued its proposed debt collection rule back in May 2019, there were a rash of headlines in the mainstream media warning consumers that debt collectors were going to start messaging them on Facebook and other social media platforms.

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Account Recovery

MARCH 4, 2025

Second, the FTC claims they violated the Fair Debt Collection Practices Act by failing to disclose that they were acting as debt collectors and by making threats arrest, property liens, and wage garnishment that they could not legally enforce. Learn more.

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Debt Free Colorado

FEBRUARY 21, 2022

In this article we will answer the question: What can debt collectors do to you? Does Colorado Law Protect Me From Debt Collectors? When collecting a debt from you, collection agencies must adhere to federal and state rules. Fortunately, the federal Fair Debt Collection Practices Act (FDCPA) protects all states.

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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.

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UK debt collections

JUNE 25, 2024

A pensioner who is terminally ill has been threatened with debt collectors by HMRC , after he didn’t receive confirmation that he had paid the correct tax bill. HMRC has been accused of threatening a terminally ill 92 year old man with debt collectors. ” “This has caused huge distress.”

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Sawin & Shea

JUNE 9, 2021

Whether you have missed a single payment somewhere along the line or are delinquent on several payments, the last thing you want is to be harassed by debt collectors. The FTC (Federal Trade Commission) is an arm of the United States government that enforces consumer protection and antitrust laws. Call before 8:00 a.m.

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Credit Corp

DECEMBER 12, 2022

Fortunately, the government has made changes in some of the rules regarding medical debt. Understanding your rights and how to deal with medical debt collectors can help reduce the number of unwanted calls you receive. No matter how big or small your medical debt is, it can impact your finances. Know Your Rights.

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Direct Recovery

MAY 4, 2024

Believe it or not, debt collectors can actually pull your credit report, and they don’t even need your permission to do so. Even if you work to keep up with your credit report, you might be surprised to find sudden changes that debt collectors might encounter, or even cause themselves. That is not exactly the case.

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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.

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Credit Corp

JUNE 3, 2021

Can debt collectors take money from your bank account to offset debts you owe them? Accounts containing government benefits. Accounts that hold government benefit payments , such as those that come from Social Security, also have some special protections when it comes to collections.

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Sawin & Shea

JULY 20, 2022

Many individuals experience unwanted contact from debt collectors and are unsure how to approach the situation. Businesses or individuals who collect debts on behalf of others are known as debt collectors. The majority of debt collectors work for reputable collection companies. False Statements.

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American Profit Recovery

AUGUST 11, 2021

This award is presented to agencies that have shown increased interest in advocating for the debt collection industry at both the state and federal levels. 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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TCPA

MAY 10, 2021

For nearly five years, the TCPA explicitly excluded from liability calls made to collect government-backed debt. Naturally, government debt collectors relied on this exception and called debtors without fear of TCPA liability. In 2020, the Supreme Court ruled that this … Continue reading →

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American Profit Recovery

FEBRUARY 9, 2023

What type of training do you provide your commercial debt collectors? You’ll want to know that the commercial collection agency you choose provides ongoing and professional training for their debt collection staff and their customer service professionals.

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UK debt collections

FEBRUARY 7, 2022

The government has announced a list of new measures to curb excessive car parking fines including a cap on the fees that parking debt collection agencies charge. It is said that Millions of motorists are set to benefit from a major government crackdown on rogue parking firms.

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Taurus Collect

SEPTEMBER 15, 2022

However, the Financial Conduct Authority (FCA) has set specific rules and guidelines regarding how Debt Collection Agencies should operate and the policies they must follow to support vulnerable customers. Below are five typical tactics debt collectors are forbidden to practice while collecting debts. Publicly Shame You.

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Nexa Collect

JANUARY 19, 2022

A debt collector has several ways to find your latest address, phone number, and employer information. If you do not dispute the debt within 30 days of the first contact made to you (through phone or letter or other permissible means), the debt is considered valid, and the debt collector can continue to contact you.

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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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Nexa Collect

SEPTEMBER 23, 2021

The debt collection industry is constantly under the lens of government regulators, surrounded by strict collection laws and several attorneys who are always looking for an opportunity to sue collection agencies over the slightest fault. Some agencies don’t do anything, which is not ideal.

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American Profit Recovery

JUNE 28, 2023

Everything from enhanced technology, a better understanding of the career opportunities in the collection industry as well as forward progress in the collaboration between industry leaders and government at all levels. Compassion in debt collections Professional debt collectors need to exhibit compassion when communicating with consumers.

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True Accord

OCTOBER 22, 2024

The government has also reported that the economy expanded at a solid 3% annual rate Q2, with growth expected to continue at a similar pace in Q3. In September, the bureau issued its annual report on debt collection, which highlighted aggressive and illegal practices in the collection of medical debt and rental debt.

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Nexa Collect

JUNE 10, 2023

By using machine learning algorithms, AI can predict the likelihood of a debtor repaying the debt, allowing collection agencies to prioritize their efforts and allocate resources more effectively. Lowering Collection Costs: Human debt collectors take a significant percentage of all money recovered by them.

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Nexa Collect

JANUARY 25, 2023

Following Federal and State laws: A collection agency that violates government laws will get sued or penalized sooner or later. Good recovery rates: Last but not least, if you recover more money for your customers, they will likely refer your service to their friends, who may also be looking to hire a debt collector.

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Burr Forman

JUNE 15, 2021

In Cortez, the Second Circuit reiterated that there are two safe harbors from liability under Section 1692e for failing to make an interest disclosure in an attempt to collect a debt that describes the balance due.

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Taurus Collect

NOVEMBER 15, 2023

Experiencing a constant barrage of calls from debt collectors can be overwhelming, to say the least. Many wonder, “How many times can a debt collector call me in one day?” In this post, we will explore the rights and regulations governing debt collection in the UK. or after 9 p.m.,

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Taurus Collect

FEBRUARY 1, 2024

A debt collector might sound like a character from a Charles Dickens novel, but if you’ve been contacted by one, you know they’re very much a reality of modern financial life. So, what exactly is a debt collector? What Is a Debt Collector? Why Are They Contacting Me?

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Direct Recovery

JUNE 7, 2022

Because of that, changes have been made to update the rules and regulations that govern those collection efforts and how they impact consumers. Those updated rules went into effect in the fall of 2021, so collectors operating in 2022 must understand them inside and out. The post Can Debt Collectors Make Contact Through Social Media?

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Troutman Sanders

SEPTEMBER 10, 2021

Specifically, the Sixth Circuit found that the government-backed debt exemption — added to the TCPA in 2015 and later struck down by the Supreme Court — was severable from the statute, and the statute did not implicate unfair restrictions on free speech. The Supreme Court struck down this provision in the much-anticipated Barr v.

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American Profit Recovery

JULY 27, 2020

-Thank you so much , you guys are seriously so nice debt collectors, you make people want to pay their debts , like such nice people, thank you so much. Local Government. We always complain about our taxes and fees and wonder why our government cannot manage a budget. I really appreciate all your help.

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Credits Inc

MAY 17, 2019

In September 2018, consumer debt in the U.S. trillion, while the public debt is a whopping $16.5 A growing concern for the government is the steady increase of the U.S. public debt. As a result, across the country, government agencies are hiring private debt collection and recovery services to retrieve unpaid debt.

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Nexa Collect

MARCH 12, 2021

Debt collection agencies in PR include Kinum , TSI , CICA, ILCA and Professional recoveries. Spanish and English-speaking debt collectors are required for Puerto Rico debt collection. Local debt collectors ). Need a Collection Agency in PR? Contact us. 981p (12)). of the inhabitants unemployed.

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BN Lawyers

JUNE 12, 2020

Putting aside issues this article cannot solve (like the undefined term “language preference” and the likely Due Process implications of rushing publication of the Amendments), the Amendments seek to standardize debt collectors’ abilities to note a consumer’s preferred language. 6 RCNY § 62-193(b)(5). See 6 RCNY § 5-77(d)(19).

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Credit Corp

NOVEMBER 9, 2020

The Fair Debt Collection Practices Act is a federal law that protects consumers against certain unfair collection practices. It applies to only external or third-party debt collectors and only for personal debts. It does not come into play for creditors collecting their own debts. government or any state.

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Collection Industry News

AUGUST 11, 2020

Reforms that address police violence against communities of color won’t be effective unless we reduce governments’ over-reliance on revenue from fines and court fees for minor offenses. But when governments rely on those revenues, people of color end up funding the police forces that routinely terrorize them.

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Collection Industry News

AUGUST 18, 2020

The Consumer Financial Protection Bureau (CFPB) should ensure its debt collection rulemakings do not extend unwarranted regulatory requirements to first-party debt collectors, CUNA wrote Tuesday in response to a CFPB proposal.

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Collection Industry News

OCTOBER 18, 2021

The session will feature a discussion of the Consumer Financial Protection Bureau’s debt collection rule, the Maryland Consumer Debt Collection Act, medical debt collection, debt buying, consumer privacy and data security, the State Examination System and the use of technology to improve operations and compliance.

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Collection Industry News

AUGUST 11, 2020

American Association of Political Consultants , petitioners argued that the government debt collection exemption to the TCPA’s Automatic Telephone Dialing System (ATDS) provision violated the First Amendment by impermissibly favoring government speech. In Barr v. Why Was this Potentially a Big Deal?

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