Credit Corp

JUNE 1, 2023

If you’ve gotten behind on payments to a creditor or lender, your debt could be sent to collections after around 120 days of missed payments. Paying off collections can help your credit score if the lender reports to new credit scoring models, including FICO 9®, FICO 10®, VantageScore 3.0® ® and VantageScore 4.0®.

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Collections Debt collector Collection Agencies Collections Agency 126

True Accord

JUNE 20, 2024

These types of consumer contracts can also be perceived as an attempt to confuse people about their rights—such as the general liability waiver, which claims to fully insulate companies from suits even though most states have enacted legal exemptions to these waivers.

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Financial Institution Student loans Student Loans Loans 94

FFGN COLLECT NY

AUGUST 16, 2020

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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Better Credit Blog

FEBRUARY 11, 2022

Debt settlement firms expect you to stop paying your lenders and make monthly installments into a secure trust instead. While waiting for money to build up in your secure trust, the debt settlement firm won’t send any to your lenders. Many lenders decide it’s in their best interests to agree. Sounds a little too easy?

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Debt settlement Creditors Lender Unsecured Debt 72

Troutman Sanders

OCTOBER 17, 2023

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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Law Firms Legal Rights Original Creditor Collection Agencies 52

Taurus Collect

NOVEMBER 15, 2023

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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FFGN COLLECT NY

APRIL 6, 2021

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.

Judgment 40

Judgment Legal Rights Creditors Debtor 40

Credit Corp

MAY 30, 2023

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. Quasi in rem: Quasi in rem judgments consider the legal rights of individuals and not necessarily all parties involved. Property liens.

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Judgment Garnishment Creditors Law Firms 75

Better Credit Blog

NOVEMBER 23, 2020

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.

Loans 52

Loans Lender Legal Rights Foreclosure 52

Fraser

SEPTEMBER 3, 2020

Under this Order a residential landlord or other entity with a legal right to evict is prevented from evicting “any covered person from any residential property in any jurisdiction to which this Order applies.” This “other person with a legal right to pursue.

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Foreclosure Legal Rights Judgment Lender 40

Credit Corp

AUGUST 8, 2024

But most states allow cosigners to take primary borrowers to court in the following situations: Cross claims: If you default on or fail to repay the loan, the lender could sue the cosigner for the money owed. The cosigner may then be able to sue you for the money that the lender is trying to recover.

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Loans Debt Consolidation Credit Card Debt Garnishment 40

Credit Corp

JULY 1, 2024

Once a collection account appears on your credit report, other lenders can see it. Collection agencies may contact you frequently, but you have certain legal rights related to debt collection. You still owe what you borrowed, so your credit card company may send your account to collections.

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Creditors Collection Agencies Collections Agency Credit Card Collections 52

Better Credit Blog

JANUARY 20, 2022

Not explaining your legal rights: All good companies should have a solid grounding in consumer law and advise you on your rights if you ask. As the debt relief process involves voluntarily stopping repayments to creditors, you may find yourself in legal trouble if a company decides to sue you for non-repayment.

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Creditors Credit Card Debt Unsecured Debt Debt settlement 76

Credit Corp

AUGUST 8, 2024

Talk with an attorney: An attorney can advise you on your legal rights and help you navigate the lawsuit process. To start, you can reach out to a legal aid office in your area or find an attorney with experience in the Fair Debt Collection Practices Act (FDCPA).

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Debt collector Debt Consolidation Fair Debt Collection Loans 40

Account Recovery

AUGUST 19, 2024

Back in May, the CFPB announced that Buy Now, Pay Later companies must provide consumers with the same legal rights and protections that credit card lenders do. That included allowing consumers to demand refunds and dispute transactions. billion worth of transactions at five companies were either refunded or disputed.

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Construction Legal Rights Lender 130

Account Recovery

AUGUST 19, 2024

Back in May, the CFPB announced that Buy Now, Pay Later companies must provide consumers with the same legal rights and protections that credit card lenders do. That included allowing consumers to demand refunds and dispute transactions. billion worth of transactions at five companies were either refunded or disputed.

Construction 130

Construction Legal Rights Lender 130