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You have rights to help you gain control over your debt collection interactions. To learn more about pursuing your legalrights, contact your state’s local consumer agency. The Fair Debt Collection Practices Act (FDCPA) does not apply to originalcreditors or cover company obligations.
Most creditors still report to old scoring models, so it’s unlikely paying off the debt will improve your credit score. 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. ® and VantageScore 4.0®.
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 legalright to collect on the account when it lacked the proper license to do so.”
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