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?” Harassment or Abuse: The FDCPA prohibits debt collectors from using abusive, unfair, or deceptive practices. or after 9 p.m.,

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Better Credit Blog

AUGUST 21, 2020

Nothing is quite as panic-inducing as receiving a call from a debt collector. Not only are they notoriously rude, but having a debt collector on your tail can mean that your credit score is about to take a dive. Unfortunately, they are a completely legitimate debt collector but are also a terrible pain to deal with.

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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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Better Credit Blog

APRIL 6, 2022

One of the most effective ways to get negative items removed from your credit report is to pay the debt, in exchange for the creditor removing the charge-off from your credit report. With this method, you’d use your payment as leverage to convince the debt collector to help restore your credit. Ads by Money.

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Nexa Collect

JUNE 21, 2023

This can make qualifying for credit cards, loans, mortgages, or even certain jobs harder. Increased Debt : If you ignore the debt, interest and fees may accumulate, potentially increasing the total amount you owe. Legal Action : The creditor or collection agency may file a lawsuit against you to recover the debt.

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Collection Industry News

DECEMBER 1, 2022

Whether you owe a debt or not, getting a phone call from a debt collector is never a pleasant experience. The hiatus that some states and companies put on debt collection activities at the height of the pandemic has largely ended, and debt collectors have resumed business as usual. Ask for Documentation.

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Better Credit Blog

APRIL 3, 2022

Portfolio Recovery buys multiple accounts with old debt from companies that have given up and “charged off” the accounts. In other words, when the original creditor has been unsuccessful in collecting on a debt, it will write off the debt as a loss. Portfolio Recovery will buy old debt for pennies on the dollar.

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Credit Corp

SEPTEMBER 12, 2023

When a lender doesn’t receive payments for a line of credit, like a credit card or personal loan, they may choose to eventually sell that credit to a debt collection agency to get some of their money back. Do so as soon as you can—within 30 days of a debt collector’s first contact with you, if possible.

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FFGN COLLECT NY

DECEMBER 12, 2023

Here is an overview of the NYC law on debt collection: The consumer or debtor can ask the debt collector or attorney to verify the debt or show proof of verification upon collection. Consumers must be aware that the debt they are being collected for is valid. You must inform consumers about the debt specifics.

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Taurus Collect

MARCH 7, 2022

It occurs when a collection agency or a company attempts to collect past-due debts from borrowers. Hiring debt collectors are often a cost-effective alternative for businesses as it prevents you from investing your time and resources to manage your debts. How do debt collectors work?

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Better Credit Blog

SEPTEMBER 11, 2020

There are few things more anxiety-inducing than being contacted by a debt collector. If a company called EOS CCA is on your missed calls list, it means that they are pursuing you for an old debt. A collections account can damage your credit score for up to seven years – even if you pay off the debt.

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Taurus Collect

JUNE 16, 2022

When you have a debt in collection and receive a call/ notice from a debt collector, it indicates that your original creditor has redirected the debt to a debt collection agency or a third party to collect it. They will call at unofficial hours. to 9 p.m.,

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Better Credit Blog

APRIL 1, 2022

It’s smart to know how to remove negative items from your credit report, especially if you are soon to be applying for a mortgage or car loan. Write a letter to the original creditor or collection agency and ask them to remove the negative entry from your credit history as an act of goodwill. You may spend $400 to $500.

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Troutman Sanders

OCTOBER 12, 2021

The case began when Cheatham defaulted on a car loan and surrendered the vehicle, which was sold at auction. Because the sale of the car did not cover the full balance on the auto loan, Adams filed a lawsuit against Cheatham in state court to obtain a deficiency judgment on behalf of her client. . Adams was a debt collector.”

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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. However, the majority of their clients are in healthcare and education loan providers. AR Resources Inc.

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Credit Corp

JULY 20, 2020

When your debt is charged off as a bad debt, don’t fool yourself into thinking it goes away. A charged off debt can lead to harassing phone calls, garnished wages, and a major drop in your credit score. According to the Federal Reserve, consumer loans had a charge-off rate of around 2.3% Consolidate your debt.

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Troutman Sanders

MARCH 28, 2022

The amendments add considerable challenges to debt collectors looking to communicate with consumers or pursue legal remedies in the district. Revises the law so that it applies to any consumer debt, except a loan directly secured on real estate or a direct motor vehicle installment loan.

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Better Credit Blog

SEPTEMBER 29, 2020

Debt collectors can cause a lot of problems for your credit score down the line. Collection accounts can hurt your credit score for up to seven years even after you pay off the debt. They can also be viewed by lenders down the line, which means you could be denied loans or credit cards. Request Debt Validation.

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Taurus Collect

JUNE 13, 2022

The debt collection process involves recovering debts from the borrower who has initially failed to repay or recover payments on accounts that are past their due date. most people tend to think of a debt collector trying to contact debtors about some unresolved debts. How do reputable debt collectors operate?

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Better Credit Blog

SEPTEMBER 18, 2020

Failing to pay a debt may culminate into being pursued by a debt collector. National Credit Services is one such debt collector that may contact you if you fail to make payments on an overdue bill. You may be wondering if National Credit Services is a legitimate debt collector.

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Better Credit Blog

AUGUST 31, 2020

If you have started hearing from a company called Convergent Outsourcing, it means that you are being pursued for a debt. Besides being annoying and aggressive, debt collectors like Convergent Outsourcing can have a major impact on your credit score. This legislation is called the Fair Debt Collection Practices Act.

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Better Credit Blog

AUGUST 21, 2020

This means that Radius Global Solutions has acquired your debt from the original creditor and has opened a collection account on your credit report. Any collection entries on your credit report can continue to impact your score for up to seven years, even if you have paid off the debt. Let them know.

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Better Credit Blog

JULY 13, 2020

This is because the original creditor of your debt has hired them to recover payments from you. You may find that the same debt is listed twice: once for the original creditor and once for Nationwide Recovery Service. Validate the Debt. Harass you or anyone else in regard to the debt.

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Better Credit Blog

SEPTEMBER 8, 2020

If you owe an old landlord money on your rent, you may begin to hear from a debt collector called National Credit Systems. National Credit Systems is a third-party debt collector that has been hired on behalf of the original creditor to collect the debt from you. Dealing with National Credit Systems.

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Better Credit Blog

AUGUST 31, 2020

ConServe is a debt collection agency that may contact you regarding unpaid debts. They are a third-party debt collector, which means that they may be hired by your original creditor, or they may purchase your old debt on the chance that you pay them instead. Validate the Debt. What is ConServe?

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Better Credit Blog

OCTOBER 2, 2020

While calls from debt collectors are annoying, they are the least of your worries. You may even be turned down for loans and credit cards because of it. This means negotiating with the debt collector, which many people don’t know how to do. That is why debt validation is very important to the collection process.

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Better Credit Blog

APRIL 1, 2022

A good credit score allows you to get better rates on car or mortgage loans just to name a few. If you fall into hard times, the inability to pay off your credit card bills or student loans can result in your debts being transferred to a debt collection agency. If you can, try to settle with the original creditor.

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Better Credit Blog

AUGUST 31, 2020

If you have an old debt hanging over your head, you may begin to hear from a debt collector called Covington Credit. Covington Credit is a third-party collector that collects payments from you on behalf of the original creditor or as the now-owner of the debt. Get a Free Copy of Your Credit Report.

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Better Credit Blog

DECEMBER 29, 2020

They are a third-party debt collector and auto loan financer out of California. Like many debt collectors, they have faced many consumer complaints over the years. This is a federal regulation that prevents debt collectors from harassing or abusing consumers in the pursuit of payment.

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Better Credit Blog

FEBRUARY 19, 2021

FMA Alliance is a third-party debt collector that works with companies to recover delinquent accounts from customers. Before a debt collector can contact you for payment, they must first report the debt to the major credit bureaus. This can mean trouble for your future loan or interest rate prospects.

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Better Credit Blog

SEPTEMBER 9, 2020

You may even be turned down for loans and credit cards because of it. This means negotiating with the debt collector, which many people don’t know how to do. Originally founded in 2014, Phoenix Financial Services is a small debt collection agency out of Indianapolis, IN.

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Credit Corp

MARCH 1, 2023

Buying your own debt for pennies on the dollar might seem like a great way to get out of debt fast. However, you can’t actually do this due to how debt buying works. Debts of this nature are sold in large bundles to debt collectors and other agencies. Why Are Debt Buyers Used?

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Better Credit Blog

AUGUST 11, 2020

Request Debt Validation. The first step when dealing with any debt collector is to request that they communicate with you strictly in writing. Debt collectors are tricky. Most debt collectors assume that their customers aren’t aware of their rights and will take advantage of them.

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Better Credit Blog

SEPTEMBER 30, 2020

If you forget to pay a bill, the original creditor may move the debt to collections. This means that you may start to get phone calls from a debt collector like AAA Collections, harassing you to repay the debt. The best way to deal with a collection report is to have it removed by the debt collector.

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Better Credit Blog

SEPTEMBER 8, 2020

If you begin to hear from a debt collection agency called Pioneer Credit Recovery, it is likely because you have defaulted on a loan or forgotten to pay a bill. Also known as Pioneer Landing, Pioneer Credit Recovery is a medium-sized debt collection company that is headquartered in Arcade, NY. Understanding Your Rights.

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Credits Inc

OCTOBER 26, 2019

Creditors give loans to millions of citizens, and thus credit companies are too busy to follow up on the debtors. For this reason, creditors are hiring debt collection agencies to collect debts that are 60 days past the agreed period. Therefore, the agencies act as middlemen collecting any delinquent loans.

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Collection Industry News

APRIL 2, 2024

The claim: It is illegal for collection agencies to buy debt and ‘come after you’ if you send a cease-and-desist letter A March 27 Facebook post (direct link, archive link) offers advice for consumers facing debt collection. “It The post also misrepresents the protections in place to prevent harassment by debt collectors.

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