Collection Industry News

DECEMBER 21, 2020

The Agency’s misrepresentation to debtors that they had a legal right to recover the debts owed forms the basis of the Bureau’s Consent Order. The post CFPB Reaches Settlement With Debt Collector Over Deceptive Practices appeared first on Collection Industry News.

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Consumer Financial Services Law

MAY 1, 2020

By Anna Claire Turpin The Sixth Circuit Court of Appeals recently explored the limitations of Section 1692(f)(6) and held that a property preservation and maintenance company was not a debt collector for purposes of that section. 1692f(6) by dispossessing her of her personal property when there was no legal right to possession.

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Sawin & Shea

SEPTEMBER 27, 2023

If you are a victim of debt collector harassment, it’s important to know the debt collection laws, and consider your options for debt relief. Debt Collection Laws: What Can Debt Collectors Do? Filing for bankruptcy can provide you with a much-needed second chance when it comes to your finances.

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Direct Recovery

JUNE 24, 2020

Like many other consumer-focused states, California has put a number of different protections in place that forbid debt collectors from garnishing those valuable stimulus checks. Let’s dive into the details and break down exactly what debt collectors can and cannot do right now. The Judgment Factor.

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Collection Industry News

JULY 27, 2021

Seven unrelated consumers incurred credit card debts that were allegedly sold and assigned to other creditor debt collectors. The other four consumers were not sued but sent letters to their respective debt collectors similarly challenging their purported ownership of the debts. 1681i(a)(1)(A)).

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Jimerson Firm

FEBRUARY 22, 2024

Unlike the FDCPA, which only applies to debt collectors, the FCCPA applies to all persons or businesses collecting consumer debts. The tenant/debtor will usually allege that the 3-day notice either sought to collect an illegitimate debt or the 3-day notice threatened the existence of a legal right that did not exist.

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Collection Industry News

DECEMBER 16, 2024

The Federal Trade Commission is sending more than $540,000 in refunds to consumers who paid a group of abusive debt collectors who threatened consumers with lawsuits or arrest if they failed to pay debt that they might not have even owed.

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Credit Corp

MAY 30, 2023

Quasi in rem: Quasi in rem judgments consider the legal rights of individuals and not necessarily all parties involved. Ultimately, if you don’t pay a debt , the lender or bill collector can file a lawsuit against you to recoup the money. What if the loan company or debt collector has already started the lawsuit?

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Better Credit Blog

FEBRUARY 11, 2022

Your creditors or debt collectors won’t necessarily leave you alone. National Debt Relief takes over communications with your creditors until they can reach an agreement on reducing and resolving your debt. Debt collectors might continue to contact you, and they also have a legal right to sue if you refuse to pay them.

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Taurus Collect

MAY 18, 2023

Knowing how and when to do this can make all the difference in getting back what you are owed without having to resort to legal action or costly delays impacting your business’s bottom line. So, if you find yourself in a collections dispute, document everything to safeguard your legal rights.

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Stevens Lloyd

JULY 17, 2018

If you do not have any experience of business debt collection then you are possibly searching your way through the procedure of payments collection. So, it is required for you to know your legal rights. For instance, you can take a legal step to know about the social security number of someone in order to move things along.

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Credit Corp

JULY 1, 2024

Collection agencies may contact you frequently, but you have certain legal rights related to debt collection. For example, you can tell a debt collector not to call you at work. If a collection agency violates any state or federal laws, you also have the right to consult with an attorney.

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Taurus Collect

NOVEMBER 15, 2023

Remember, in the ‘No Collection No Fee Debt Collection’ model, the agency is incentivised to recover the debt as their payment is contingent on their success. Harassment from Debt Collectors: If the debt remains on your report, you could continue to receive collection calls and letters for a longer period.

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Taurus Collect

OCTOBER 30, 2023

A professional debt collection service in Derby can manage this process effectively, ensuring compliance with all applicable laws and regulations. Understanding Your Rights and Responsibilities as a Collector As a debt collector or a business seeking to recover debts, it’s imperative to understand your rights and responsibilities.

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Better Credit Blog

JANUARY 20, 2022

The only problem came when after not paying on an account for 6–7 months, I came to find out that Freedom Debt Relief couldn’t settle this particular account. I had to make my own payment arrangements with the debt collector so that we could keep our furnace. It was for a PMSI loan for an outdoor wood burning furnace.

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Collections Law

APRIL 1, 2020

Though it is their legal right, they can manipulate them to delay the debt payment process. If you are in another state or country and have obtained a judgment against a Massachusetts debtor, or if your debtor has assets in Massachusetts, we can help. By law, a judgment debtor has so many ways to defend themselves.

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Troutman Sanders

NOVEMBER 8, 2022

The rules also establish a fairer process for borrowers to raise a defense to repayment, while preserving the borrowers’ day in court by preventing institutions of higher education (institutions) from forcing students to sign away their legal rights using mandatory arbitration agreements and class-action waivers.

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Account Recovery

OCTOBER 28, 2024

Plaintiff’s counsel is on a state-wide rampage trying to hold debt buyers and debt collectors liable under an obscure licensing statute. FDCPA violations: Plaintiff alleged that the defendants lacked proper documentation to establish their ownership of the debt and therefore did not have the legal right to collect it.

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