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Lessons for Trade Creditors from Recent Bankruptcies

Your Virtual Credit Manager

Collectors are continually learning what works to get people to pay up and what doesn’t. Another thing trade creditors can study is companies that have defaulted or filed for bankruptcy. Despite efforts to restructure its debt and operations, Toys "R" Us ultimately filed for Chapter 11 bankruptcy protection in September 2017.

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How Will the Impending Credit Changes Affect Your Score?

Fundera

Additional highlights of the NCAP can be found on the website and have standards that apply to various credit reporting issues surrounding medical debt, filing disputes, dealing with debt collectors, and more. scoring system will roll out sometime in the fall of 2017. How the NCAP Standards Will Affect Your Credit Score.

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RMAI Update January 2023

RMAi Blog

Here are some recently introduced bills that might be of interest: New York SB 171 – This bill would create a private right of action against originating creditors and debt collectors for a violation of the Debt Collection Procedures Act. There, the plaintiff sued after a debt collector used letter vendor to send a collection letter.

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