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What Is a Judgment?

Credit Corp

A judgment is an order issued by a judge or jury to settle a lawsuit. This decision details the rights, responsibilities, and obligations of each party. For example, if you fail to pay a debt, the lender can take you to court. In this case, the judge may order you to pay the other party as part of the court’s final judgment.

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Dealing with Debt Collectors

Debt Free Colorado

You have rights to help you gain control over your debt collection interactions. To learn more about pursuing your legal rights, contact your state’s local consumer agency. Because it is more limited than the federal FDCPA, the CFDCPA gives consumers stronger legal protection in several aspects.

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What Business Owners Should Know Before They Guarantee a Line of Credit

FFGN COLLECT NY

In addition to non-payment of the interest or principal owed, there are other ways to trigger repayment of the loan, This may include defaulting on other loan agreements with the lender, winding down business operations, litigation, and more. . There are plenty of situations where a lender may accept less than the amount owed.

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Are You Waiving Your Rights by Signing a Contract?

FFGN COLLECT NY

While the underlying agreement or contract may seem straightforward, you need to do a thorough evaluation to make sure you aren’t waiving your legal rights by signing the contract. Such is the case with our client who is a borrower and now a named party in litigation with a merchant cash lender. Let us help.

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NJ Appellate Division Finds No Private Right of Action for Debt Purchaser’s Alleged Failure to Obtain State License

Troutman Sanders

The trial court granted summary judgment to the defendant on all claims finding that because the defendant was not a consumer lender it was not required to obtain the license at issue. Instead, the offending conduct was misrepresenting “that it had the legal right to collect on the account when it lacked the proper license to do so.”

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Can a Collection Agency Change an Account’s Open Date?

Taurus Collect

This piece will serve as a guide to help you navigate the complexities of debt collection processes and understand your rights as a consumer. What Is a Collection Agency and How Does It Work A Collection Agency is a company hired by lenders to recover overdue funds from borrowers. They can’t harass debtors or act unfairly.

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ACRAnet on My Credit Report

Better Credit Blog

Whether a lender, landlord, or employer requested a screening of your credit report through ACRAnet, read on to learn more about how a hard inquiry from the company may impact your score. Lenders and service providers turn to companies like ACRAnet in order to obtain consumer credit reports to aid them in their approval process.

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