Better Credit Blog

FEBRUARY 5, 2021

That’s especially true of medical debts, which can be overwhelming at times. If you’ve fallen behind on healthcare payments, that’s probably why BCA is on your report. As far as collections are concerned, they primarily target debts in the healthcare industry. Ask Lex Law for Help. How Does BCA Financial Services Work?

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Better Credit Blog

SEPTEMBER 30, 2020

This means that you may start to get phone calls from a debt collector like AAA Collections, harassing you to repay the debt. This entry will notify the credit reporting agencies of your delinquency and tell future lenders and creditors that you have a history of nonpayment. Write a Debt Validation Letter.

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Better Credit Blog

SEPTEMBER 21, 2020

If you have a debt that has gone to collections, you may have heard from a company called AR Resources. AR Resources is a debt collector that has been hired on behalf of the original creditor. To do this, they must first open an account on your credit report that shows that they are authorized to collect on the debt.

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Better Credit Blog

AUGUST 31, 2020

The company is the collections division of Med A/Rx, specializing in accounts receivable management and collections in the healthcare industry. When your bills go unpaid for a few months, they may be turned over to a debt collections agency like PMAB LLC. This act restricts debt collectors from overstepping and harassing debtors.

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Better Credit Blog

AUGUST 17, 2020

Apart from being annoying, these debt collectors can cause a host of problems for your credit score down the line. Collection accounts can hurt your credit score even after you pay off the debt. These entries remain on your credit report for up to seven years, which means that they can be viewed by creditors and lenders.

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Better Credit Blog

OCTOBER 19, 2020

Account Control Technology is a debt collector, and if they’re contacting you, it means you probably let a payment slip through the cracks. Confronting a collections agency about your debt can be stressful, especially when you’re receiving countless calls and constant messages from them. Consumer finance debt.

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Better Credit Blog

OCTOBER 19, 2020

Account Control Technology is a debt collector, and if they’re contacting you, it means you probably let a payment slip through the cracks. Confronting a collections agency about your debt can be stressful, especially when you’re receiving countless calls and constant messages from them. Consumer finance debt.

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Troutman Sanders

OCTOBER 19, 2021

On October 3, the Consumer Bankers Association sent a letter to Rohit Chopra, the CFPB Director, in which it urged the CFPB to adopt a larger participant rule for fintech consumer lenders. On October 26, the Nevada’s Financial Institutions Division is holding a workshop on regulations pertaining to medical debt collections and S.B.

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Better Credit Blog

SEPTEMBER 8, 2020

It could only take one missed payment on your car loan, credit card, or phone bill to harm your credit score and wind up on a debt collector like Northland Group’s list. Fortunately, an entry from a debt collector is one of the most easily reversible marks, as long as you know how to confront them. Healthcare.

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Better Credit Blog

FEBRUARY 19, 2021

Headquartered in Minneapolis, Minnesota, the agency has a slightly different focus than other debt collectors. They collect on debts in numerous industries, such as: Auto. Healthcare. Third-party collections agencies are called in when lenders and service providers are unable to collect payments from consumers.

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Better Credit Blog

AUGUST 7, 2020

Future lenders are able to see any collection accounts on your credit report and can deny you loans based on your history. They specialize in debt collection on behalf of hospitals and other companies in the healthcare industry. Even for a legitimate debt collector, USCB America is particularly unpopular with their customers.

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Better Credit Blog

FEBRUARY 25, 2021

Over the past 50 years, FFCC has collected debts in the following industries: Business to business. Healthcare. If you carry debt in any of those industries, the entry featured on your report could be legitimate. Either way, once a debt hits the collections stage, an entry is added to your report, staying for 7 years.

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Better Credit Blog

SEPTEMBER 14, 2020

Future lenders are able to see any collection accounts on your credit report and can deny you loans based on your history. Originally founded in 2012, Waypoint Resource Group is a medium-sized debt collection company that is currently headquartered in Round Rock, TX. Write a Debt Validation Letter. Work with a Professional.

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Better Credit Blog

JANUARY 27, 2021

BC Services is a third-party debt collector that has been hired by a healthcare provider to whom you owe money to get you to make payments on a debt. Lenders can see this account and make loan decisions because of it. To start negotiations, offer to pay BC Services around half of the total debt balance.

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True Accord

JULY 13, 2023

There were also a couple of notable court decisions impacting debt collectors last quarter. For Debt Collection, Digital is Now a Must-Have While consumers balance budgets amid high costs of living, more and more are using streamlined, digital payment methods. Cost-effective customer communications at scale.

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Better Credit Blog

AUGUST 7, 2020

They collect debts on behalf of a variety of industries such as consumer retail lenders, financial service organizations, government agencies, and healthcare providers. Request Debt Validation. The debt collection process is not perfect. They are a legitimate company and are currently headquartered in Greeley, CO.

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FDCPA Defense

FEBRUARY 3, 2019

1992) (emphasis added, citation and quotation marks omitted) (personal loan from friend used to start software business not a “debt” under the Act: “Neither the lender's motives nor the fashion in which the loan is memorialized are dispositive of this inquiry.”). Are You A “Debt Collector” Under The FDCPA? System, Inc.,

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Better Credit Blog

APRIL 5, 2022

Don’t go into too many details, but let the debt collector know if you’re trying to buy a house but can’t because of the negative information on your credit report. Then kindly ask the debt collector to remove collections from your credit report out of goodwill.

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Troutman Sanders

JULY 27, 2020

3841, a bill that protects the stimulus funds under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) from being garnished by judgement creditors and debt collectors, similar to how Social Security payments are exempt from being garnished. On July 23, 2020, the Senate unanimously passed S.

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Account Recovery

JANUARY 30, 2025

This move follows the agencys January 7 rule banning medical debt from lender-used credit reports and prohibiting lenders from considering medical debt in lending decisions and a subsequent lawsuit that was filed seeking to block the rule. Learn more. And more.

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Collection Industry News

JANUARY 25, 2025

NEW YORK (AP) Lenders will no longer be able to consider unpaid medical bills as a credit history factor when they evaluate potential borrowers in the U.S. Removing medical debts from consumer credit reportsis expected to increase the credit scores of millions of families by an average of 20 points, the bureau said.

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Troutman Sanders

MAY 3, 2021

The rule requires debt collectors seeking to evict tenants for nonpayment of rent to provide written notice to tenants of their rights under the Centers for Disease Control and Prevention (CDC) order. Privacy and Cybersecurity Activities. Any comments on the rule must be submitted by May 7. For more information, click here.

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