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Maryland Regulator Settles With Debt Collectors

Account Recovery

The Maryland Department of Labor’s Office of Financial Regulation has announced a settlement with a number of companies now owned by the Bank of Missouri for not being properly licensed in the state to provide retail credit services and for engaging in unlicensed and unregulated debt collection activities.

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Q3 Industry Insights: Inflation and Interest Rates Drop, Christmas Comes Early

True Accord

Tired of paying higher prices, consumers increasingly turned to cheaper alternatives, bargain hunted or simply avoided items they found too expensive, pressuring retailers to accommodate them or lose their business. The National Retail Federation is forecasting that winter holiday spending is expected to grow between 2.5%

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The TCPA: A Primer for Debt Collectors

National Service Bureau

It behooves debt collectors - really, anyone in accounts receivable management - to know and understand the restrictions surrounding telephone communication. Of note, the following subsections specify that up to $1500 can be awarded per charge if a court finds that a debt collector "willfully or knowingly violated" the TCPA.

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Debt Collection firms targeted via the ‘Buy now, Pay later’ industry

UK debt collections

A recent scathing report revealed that one in 10 shoppers using the credit services are being chased by debt collectors amid surging demand for this form of credit. The buy now pay it later options usually appear at checkouts on retailers’ websites. billion in a fundraising in June.

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How To Remove Asset Acceptance LLC From Your Credit Report

Better Credit Blog

The agency collects on various types of debts, such as: Consumer finance debt. Credit card debt. Retail debt. A nifty feature of the FDCPA : debt collectors can’t actively pursue payment for a debt without proof of its existence, assuming you ask them to furnish this proof within 30 days of their first contact.

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10 Reasons Why You Should Sign Up for Credit Repair Today

Credit Corp

Credit card companies, even those offered through popular retailers, almost always check the applicant’s credit score prior to approval. Say Goodbye to Debt Collectors Calls from debt collectors can be annoying at best. If your debt is legitimate, they can continue to call you for years.

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What Debt Repayment Trends Can Teach Us About Consumer Needs

True Accord

consumers—to better understand how consumers were engaging with their debts and what it tells us about the future of the industry. Before consumers even consider paying a debt, they start engaging with the debt collector. We turned to our data—aggregated across more than 12 million U.S. Nearly 80% of U.S.