Debt Collectors

Debt collection redirects here. See the "See also" section and the navigation box at the end for more aspects of debt collection.A collection agency is a business that pursues payments of debts owed by individuals or businesses. Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed.There are many types of collection agencies. First-party agencies are often subsidiaries of the original company the debt is owed to. Third-party agencies are separate companies contracted by a company to collect debts on their behalf for a fee. Debt buyers purchase the debt at a percentage of its value, then attempt to collect it.
Posts about Debt Collectors
  • Tough New Rules For Debt Collectors

    … Tough New Rules For Debt Collectors Posted on Aug 08, 2016 By Don Lawson August 8, 2016 by Don Lawson For the first time in nearly forty years, the federal government is preparing to strengthen the rules that regulate how consumer debts are collected. On Thursday, the Consumer Financial Protection Bureau (CFPB) announced its intention…

    Bond and Botes- 21 readers -
  • Actual Debt Collection Harassment Calls

    … can help you if you are being harassed by a debt collector. Related Articles Are You Being Sued by a Debt Collector? Can You Be Arrested for Defaulting on a Payday Loan? How to Stop Collection Harassment Are You Responsible for Another Person’s Debts? Telephone Consumer Protection Act The post Actual Debt Collection Harassment Calls appeared first on Bond & Botes. …

    Ron Sykstus/ Bond and Botes- 30 readers -
  • Let’s Make A Deal; Debt Collectors!

    … Today we’re going to play a game that I love. Negotiations with debt collectors! Also known as debt settlement. In the recent Los Angeles Times article, Making a Deal with Debt Collectors, by Liz Weston, she provides such a shallow and generic approach that I am immediately propelled into blog writing mode. This article is my in depth response…

    Christine Kingston/ Los Angeles Bankruptcy Law Monitor- 32 readers -
  • Why Debt Collectors Accept Nominal Monthly Settlements

    … collector agree to such a small monthly payment? How do they make any money with payments of only $20 per month? THE RULES: In a debt collection lawsuit, the Plaintiff (the party bringing the lawsuit) always has the burden to prove that the defendant (the party being sued) is responsible for the debt. To meet this burden, a debt buyer must prove…

    The Law Offices of Robert J Nahoum- 30 readers -
  • How to Tell the Legitimate Debt Collectors from the Frauds

    … By: Robert J. Nahoum Anyone who has ever dealt with a debt collectors knows how invasive and annoying they can be. The phone rings incessantly and the letters in the mail never seem to stop. Sometimes debt collectors cross the line between aggressive debt collection and harassment. When they do cross that line, Federal consumer protection laws…

    The Law Offices of Robert J Nahoum- 30 readers -
  • How You Can Fight Back Against Abusive Debt Collectors

    … Protection Bureau (the “CFPB”), in 2014 the most frequent consumer complaints were: Continued attempts to collect a debt not owed (37%) Communications tactics used by debt collectors (20%) Failure to provide disclosure about and verification of debts being collected even after being requested to do so (13%), Threatening to take or actually…

    Ed Woods/ Bond and Botes- 33 readers -
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