Account Recovery

FEBRUARY 17, 2021

Legislators in Colorado are moving forward with a bill aimed at overhauling student loan collection in the state, which, if enacted would create several conflicts with the Colorado Fair Debt Collection Practices Act for debt collectors.

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Student loans Student Loans Loans Fair Debt Collection 130

Consumer Finance

DECEMBER 8, 2024

The CFPB took action to address unlawful student loan debt collection practices by Performant Recovery, Inc. against defaulted borrowers.

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Student loans Student Loans Loans Debt collector 139

Account Recovery

DECEMBER 18, 2023

Bill Introduced in House to Clarify ‘Abusive’ Acts or Practices Under CFPA Millions Still Not Making Payments on Student Loans Debt Collector to Shut Down Under Enforcement Order with CFPB Compliance Digest – December 18 WORTH NOTING: The right way to clean a toilet … “Jeopardy” is back to having a single host … “Coffee (..)

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Student loans Student Loans Loans Debt collector 147

Account Recovery

MARCH 29, 2021

A District Court judge in Delaware has dismissed a lawsuit filed by the Consumer Financial Protection Bureau that accused a student loan servicer and the debt collector it hired of engaging in deceptive collection practices, ruling that the regulator did not have the authority to file the lawsuits because it did so at a time … The post Judge (..)

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Student loans Student Loans Collections Debt collector 204

Account Recovery

AUGUST 12, 2024

Judge Grants MSJ For Defense in FDCPA Case Over Lack of SOL, Interest Disclosures in Letter Appeals Court Blocks Student Loan Repayment Program Debt Collectors Banned Over Fraudulent Medical Billing Scheme Compliance Digest – August 12 WORTH NOTING: The world’s largest iceberg — the size of Rhode Island — is stuck and spinning in (..)

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Student loans Student Loans Loans Debt collector 130

Account Recovery

MARCH 14, 2024

Getting to Know Matt Jubenville of Midland Credit Management Passive Debt Buyer Meets Definition of Debt Collector Under FDCPA, Indiana State Law, State Appeals Court Rules Medical Debt Credit Reporting Bill Advances in Illinois Senate Employers Need Education on Student Loan Garnishments PRA Group Appoints Glenn Marino to Board of Directors WORTH (..)

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Credit Management Debt collector Student loans Student Loans 147

Account Recovery

AUGUST 12, 2024

Judge Grants MSJ For Defense in FDCPA Case Over Lack of SOL, Interest Disclosures in Letter Appeals Court Blocks Student Loan Repayment Program Debt Collectors Banned Over Fraudulent Medical Billing Scheme Compliance Digest – August 12 WORTH NOTING: The world’s largest iceberg — the size of Rhode Island — is stuck and spinning in (..)

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Student loans Student Loans Loans Debt collector 130

Account Recovery

JUNE 4, 2021

Public colleges in 49 states across the country — all but Louisiana — are being called out in a report for placing unpaid debts with private collection agencies to be repaid for tuition, library fees, and parking fines, creating a “spiraling” amount of debt that former students are not able to repay, which keeps them … (..)

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Debt collector Collections Agency Collection Agencies Collections 162

Consumer Finance

JULY 1, 2024

The CFPB published an edition of Supervisory Highlights sharing findings from examinations of auto and student loan servicers, debt collectors, medical payment products, and deposit and prepaid accounts.

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Student loans Student Loans Loans Debt collector 136

True Accord

OCTOBER 22, 2024

The delinquency rate for mortgage loans increased to a seasonally adjusted rate of 3.97% at the end of Q2, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey, an increase that corresponded with a rise in unemployment and showed up across all product types.

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Student loans Student Loans Loans Retail 92

Credit Corp

MAY 19, 2021

And can debt collectors actually follow you to another country? It might be tempting to leave all your debts behind. We’ll walk you through the process, as well as some alternatives, so you can make the right choices for tackling your debt. Can Debt Collectors Follow You to Another Country? Probably not.

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Credit Corp

DECEMBER 14, 2020

Whether you have medical debt, credit card debt or unpaid student loans , getting calls or letters from debt collection companies can be frustrating. But it’s especially frustrating if your debt is several years old. Can a debt collector collect after 10 years? Get Help Now.

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True Accord

OCTOBER 10, 2023

Economic stressors persist and are likely contributing to many consumers relying on credit to cover expenses, while the resumption of student loan payments adds another financial obligation to the mix. trillion in student debt under the CARES Act, student loan payments resume this month.

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Student loans Student Loans Loans Personal loans 88

Credit Corp

JULY 9, 2024

Ignoring student loans can damage your credit score, lead to wage garnishment, and accrue interest and fees. It may also result in legal action, tax refund offsets, and impact co-signers, making it crucial to address repayment issues promptly with your loan servicer. What Happens If I Don’t Pay My Student Loans?

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Account Recovery

AUGUST 29, 2024

Getting to Know Christopher Wilkerson of Service Corporation International Appeals Court Affirms Attorney Fee Award for Plaintiffs in FCRA Case Over Defendant’s ‘Burdensome’ Subpoena More Consumers Prefer Digital Payment Options for Bills, But are Wary of Debt Collectors: Report Supreme Court Opts Not Intervene in Latest Student Loan Forgiveness Attempt (..)

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Student loans Student Loans Debt collector Loans 130

Collection Industry News

NOVEMBER 8, 2021

Department of Education said it is ending its relationship with private collection agencies that had been tasked with recovering payments from federal student loan borrowers in default to improve collections and provide borrowers with more support. Source: site. Photo: John Minchillo/Associated Press.

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Student loans Student Loans Debt collector Loans 40

Sawin & Shea

FEBRUARY 1, 2023

Who knows how to get debt collectors to stop calling after bankruptcy? How long after filing for bankruptcy do collectors keep calling? How to stop debt collector calls after filing for bankruptcy: Answer the calls. What if my debt cannot be discharged? Why would such a thing even happen? or after 9:00 p.m.

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Troutman Sanders

APRIL 2, 2021

The Sixth Circuit recently confirmed student loan servicers, who begin servicing debts after default and resale, are not liable to borrowers under the Fair Debt Collection Practices Act (FDCPA) because the servicers are not acting as “debt collectors.”. On March 25, in Willison v. Nelnet, Inc. ,

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Student loans Student Loans Loans Debt collector 52

Account Recovery

OCTOBER 7, 2024

Relying on a report issued in March, 2022, the CFPB is cautioning the public about its concern regarding errors in medical debt, medical billing, and subsequently medical collections. On October 1, 2024, in conjunction with a White House press briefing, additional guidance was issued to the public about medical debt topics by the CFPB.

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Debt collector Law Firms Fair Debt Collection Student loans 130

Sawin & Shea

JULY 13, 2022

The majority of people in Indiana who have thought about declaring bankruptcy likely already know how challenging it is to get student loans erased. Although it is not impossible, debtors normally need to pass the Brunner test, which establishes that repaying the student loans will put them in an unreasonably difficult position.

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Student loans Student Loans Bankruptcy Chapter 7 bankruptcy 52

Credit Corp

MAY 17, 2021

With so much money on the table, you might wonder: Can debt collectors take your stimulus check. Federal or State Tax Debt: No. That includes tax debt. It also won’t be taken to offset state debts , including tax debt. Federal Student Loan Debt: No. Bankruptcy: Probably Not.

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Credit Card Debt Garnishment Student loans Student Loans 105

True Accord

MARCH 5, 2024

“Growing debt balances, stubborn interest rates and elevated prices are still a thorn for consumers, and contribute to their overall financial stability,” explains TrueAccord CEO Mark Ravanesi in his Q4 Industry Insights: Cautious Optimism with a Side of Holiday Hangover.

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Consumer Credit Student loans Student Loans Collections 91

National Service Bureau

SEPTEMBER 9, 2015

It’s no secret that student debt is at an all-time high. According to the US Department of Education, there are more than 40 million student loan borrowers who owe more than $1.2 Unfortunately, this means student loans (unless you have access to scholarships, independent wealth, grants, or other resources).

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Debt collector Student loans Student Loans Collections Agency 40

National Service Bureau

NOVEMBER 20, 2015

The CFPB found Discover Bank to be in violation of the Consumer Financial Protection Act in three instances and in violation of the Fair Debt Collection Practices Act in one.for a mistake that might catch other debt collectors unaware. You can read the full text of the CFPB ruling here.

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Sawin & Shea

AUGUST 24, 2020

Whether or not you file for bankruptcy also depends on the kind of debt you have. Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt.

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Debt collector 98

Collection Industry News

SEPTEMBER 29, 2020

Yesterday, the New York Department of Financial Services (NYDFS) announced that it filed its first enforcement action against a debt collector under New York’s Debt Collection Regulations. ” “CONSUMER-2 disputed that CONSUMER-2 owed any student loan debt whatsoever, and requested proof of debts owed.

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Debt collector Student loans Student Loans Judgment 40

True Accord

APRIL 5, 2023

Directly impacting creditors and debt collectors, a January ruling from the District Court of Puerto Rico found that sending debt collection communications prior to any knowledge of a debtor’s bankruptcy filing is not a violation of the Fair Debt Collection Practices Act (FDCPA). A ruling is expected sometime in Q2 2023.

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Student loans Student Loans Credit Card Debt Loans 101

Credit Corp

JUNE 1, 2023

When you default on a payment, the company you owe may sell your debt to a third-party collection agency. When this happens, it means your debt has gone to collections and debt collectors from the collection agency will now try to contact you for payment. How Long Will Collections Debt Stay on My Credit Report?

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Collections Debt collector Collections Agency Collection Agencies 126

Better Credit Blog

SEPTEMBER 9, 2020

If you have been contacted by Sunrise Credit Services, you are probably being pursued for an old debt. Sunrise Credit Services is a debt collector that has been hired by your old creditor to collect payment on your debt. They may also have purchased the debt to profit off your payments. Validate the Debt.

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Debt collector Loans Collections Creditors 101

Credit Corp

MAY 9, 2023

The statute of limitations on collections is the amount of time a creditor or debt collector has to file a lawsuit to collect unpaid debt. These statutes vary by state, type of debt and terms of the contract, if there is one. Can a Debt Collector Restart the Clock on My Old Debt? Open-ended credit.

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Collection Industry News

APRIL 25, 2023

A debt doesn’t generally expire or disappear until its paid, but in many states, there may be a time limit on how long creditors or debt collectors can use legal action to collect a debt. Some debts, though, such as federal student loans don’t have a statute of limitations.

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Debt collector Collections Fair Debt Collection Student loans 40

Better Credit Blog

APRIL 3, 2022

Portfolio Recovery will buy old debt for pennies on the dollar. By purchasing old debt, Portfolio Recovery becomes the debt collector, gambling that it can collect on the debt and make a profit. When you hear from Portfolio Recovery (or any other debt collector), let the agency know that you know your rights.

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Debt collector Collections Agency Collection Agencies Garnishment 87

True Accord

JULY 13, 2023

The ending of various pandemic-era benefits including the pause on student loan payments will impact consumers in the coming months. There were also a couple of notable court decisions impacting debt collectors last quarter. 9%) to $17.05 9%) to $17.05 After three years of relief from payments on $1.6

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Financial Institution Student loans Student Loans Loans 70

Direct Recovery

NOVEMBER 14, 2021

Debt collectors will also have to provide a statement on when the last payment was made and when a debt became delinquent. They will also be forbidden from sending written statements to consumers unless they have a written contract or some other evidence that a debt is actually owed.

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Student loans Student Loans Collections Fair Debt Collection 52

Public Citizen

OCTOBER 24, 2020

  In addition, the Symposium welcomes discussion over the recent decision by the Uniform Law Commission to address debt collection efforts by third-party debt collectors or buyers based on default judgments. 

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Public Citizen

JULY 6, 2020

the Court held that a 2015 amendment to the Telephone Consumer Protection Act, which allowed cellphone robocalls to collect federal debts (such as student loans and mortgages), gave unconstitutionally favorable treatment to federal debt collection over other types of speech. American Assn. of Political Consultants, Inc.,

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Credit Corp

FEBRUARY 28, 2021

Stimulus Acts and Student Loans : Learn more about student loans, including automatic forbearance, in this guide. Debt collectors and your stimulus check : Most—but not all debts—won’t affect your stimulus check. Learn how to reduce your debt with the helpful tips in this article.

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