Collection Industry News

NOVEMBER 25, 2024

The company’s collectors call consumers out of the blue and threaten them with arrest, wage garnishment, and lawsuits if they don’t pay a supposed debt. According to the complaint, however, the debts GCI is attempting to collect either don’t exist at all or are not debts GCI can legally collect.

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Taurus Collect

JUNE 12, 2023

Generally, the statute of limitations ranges from three to ten years, and once it has expired, the debt is considered “time-barred” and the collection agency can no longer legally collect on it. That’s where the Fair Debt Collections Practices Act comes in to protect you.

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Burt and Associates

SEPTEMBER 23, 2024

Always ensure a solid paper trail, including the original debt agreement , communication logs, payment history, and other documents. This helps you stay organized and is key if legal issues arise. Make sure to respond promptly with the proper documentation to build trust and avoid any legal issues.

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True Accord

MAY 26, 2022

The FTC, along with more than 50 federal and state law enforcement partners, focused on several predatory collection methods, including “phantom debt collection,” a practice where companies were trying to collect debts they cannot legally collect or that a consumer does not owe.

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Better Credit Blog

OCTOBER 14, 2020

AFS collects for businesses in several industries, including the following: Commercial debt. Apartment complex collections. Legal collections. Wondering exactly how the debt collection process works? Get the Debt Validated. This law is made to protect you and keep debt collectors in check.

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Taurus Collect

FEBRUARY 1, 2024

In the UK, debt collection companies operate under strict regulations set forth by the Financial Conduct Authority (FCA). These guidelines are designed to protect consumers and ensure fair debt collection practices. However, they may still try to recover the debt through communication with you.

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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. To legally collect a debt from you, they must first report the debt to the major credit bureaus. They were also served six civil lawsuits in 2016 alone.

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Collection Industry News

MARCH 8, 2021

Illegal activities included harassing phone calls, bogus threats of arrest or lawsuit, and violations of other provisions of the Fair Debt Collection Practices Act. In many cases, consumers didn’t even owe the debts. Another company associated with this one took in $5.2 million and was also sued by the FTC.

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Collection Industry News

OCTOBER 12, 2020

1:20-cv-01217 (W.D.N.Y ), the CFPB and New York Attorney General’s allege that, from at least 2015, the defendant debt collectors used deception, harassment, and other improper methods to induce consumers into making payments to them in violation of the Fair Debt Collection Practices Act (FDCPA) and the Consumer Financial Protection Act (CFPA).

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Better Credit Blog

NOVEMBER 24, 2020

In order to legally collect on your debt, they must first open a collection entry on your credit report. This account shows that you have had a bill move to collections and ACS Inc has a right to collect it. They use every trick in the book, including incessant phone calls and strongly worded letters.

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Account Recovery

DECEMBER 16, 2024

Todays webinar just happens to be on the topic of legal collections (register here) so its entirely timely to write about a court ruling involving a judgment. Judge Dismisses FDCPA Case Over SOL on Judgment Sometimes its better to be lucky than good.

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Burt and Associates

OCTOBER 31, 2024

Recent enforcement actions have targeted collection agencies that misrepresented attorney involvement, attempted to collect on debts without adequate documentation, or pursued no longer legally collectible debts.

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Burt and Associates

OCTOBER 31, 2024

Recent enforcement actions have targeted collection agencies that misrepresented attorney involvement, attempted to collect on debts without adequate documentation, or pursued no longer legally collectible debts.

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