MNS Credit Management Group

MAY 25, 2023

The main purpose of debt collection in any country is to find an amicable and smooth settlement of dues between a debtor and a creditor. However, in Indonesia, there are no specific rules regarding debt collection service companies. Indonesia is no exception.

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RMAi Blog

OCTOBER 14, 2024

In This Update Earlier this month, the CFPB issued an Advisory Opinion reminding debt collectors of their obligation to comply with the Fair Debt Collection Practices Act and Reg F’s prohibitions on false, deceptive, or misleading representations in the collection of medical debt (see RMAI’s October 4, 2024 Member Alert ).

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MNS Credit Management Group

DECEMBER 2, 2022

It is the job of a debt collector to recover past-due bills owed to creditors. Debt collectors often receive a portion of any money they are able to recover. Debt collection is closely controlled in order to protect consumers from overbearing collectors. The difficulty of collecting on debt increases with age.

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Fundera

DECEMBER 2, 2018

Instead of paying the steep hourly rates typically charged by law firms, customers can pay a fixed monthly rate for legal representation and advice on a range of issues. LegalShield’s attorney network covers all 50 states and includes 39 law firms and 900 attorneys, who have an average of 22 years of experience.

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Priority Credit Management Corporation

OCTOBER 16, 2020

However, if my future self came to talk to me before I started a career in debt collections and said…. Hello, past self, this is Brad from the future and you are going to KILL it in the debt collection business.". A DEBT collector?? There are several career choices in debt collection. Sky's The Limit.

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JSP Credit Management

OCTOBER 31, 2021

This article aims to explore the different types of companies that exist in the UK and discuss the implications of each of the different structures for the debt collection industry. Therefore, a business owner operating as a Sole trader will be 100% personally liable for all debts owed by the business.

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RMAi Blog

DECEMBER 14, 2022

. – Counts toward identifying and avoiding discriminatory collection practices (Diversity, Equity & Inclusion). Debt Collection Law — Big Changes, Big Issues (November 16th). CRB Application (for debt buyers, collection agencies and collection law firms. Coastal Law Firm.

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RMAi Blog

MARCH 14, 2023

New York AB 1035 – This bill would prohibit debt collectors from communicating with consumers through the use of email, text messaging, or private communication tools offered by social media companies. DFS is struggling with how to develop an appropriate consumer notice since the CCFA does not apply to all forms of consumer debt.

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RMAi Blog

MAY 12, 2023

The consumer filed suit, alleging that the letter violated Pennsylvania’s Fair Credit Extension Uniformity Act (“FCEUA”), which provides that “[i]t shall constitute an unfair or deceptive debt collection act or practice under this act if a debt collector violates any of the provisions of the Fair Debt Collection Practices Act.”

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RMAi Blog

APRIL 12, 2023

New York AB 1035 – This bill would prohibit debt collectors from communicating with consumers through the use of email, text messaging, or private communication tools offered by social media companies. DFS is struggling with how to develop an appropriate consumer notice since the CCFA does not apply to all forms of consumer debt.

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Fundera

NOVEMBER 26, 2018

The average hourly rate for a business lawyer can range anywhere from $100 per hour in a small town to more than $1,000 per hour for a senior partner at a big city law firm. LegalShield: Fixed monthly rate for legal correspondence, debt collection assistance, document review, and phone calls with a lawyer.

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RMAi Blog

JANUARY 13, 2023

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. CRB Application (for debt buyers, collection agencies and collection law firms.

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Fundera

AUGUST 22, 2020

Similar to LegalZoom, LegalShield offers services for starting a business as well as continuing to run that business all while remaining compliant with local and federal laws. Debt collection services. Five debt collection letters per month. -25% 10 debt collection letters per month. -75 89 per month.

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JSP Credit Management

DECEMBER 14, 2021

One of the numerous benefits of working across different industries in the debt collection industry is that you get to see the wide variety of different payment arrangements that are adopted by different companies, and sometimes entire sectors too.

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Fundera

OCTOBER 25, 2019

UpCounsel has a network of 5,000 business attorneys, many of whom formerly worked at top corporate law firms or Fortune 500 companies, including Google and Apple. Atrium is a law firm and technology company that was built to “reimagine the delivery of legal services through technology.” What Atrium Offers.

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Fundera

NOVEMBER 29, 2018

UpCounsel has a network of 5,000 business attorneys, many of whom formerly worked at top corporate law firms or Fortune 500 companies, including Google and Apple. Help With Debt Collection: LegalShield. They have on average 14 years of experience, so they can tackle complicated legal issues.

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Fundera

AUGUST 24, 2020

Debt collection letter. Another thing to take into consideration is that the hourly cost of attorneys varies significantly depending on where you live, so in some cases, the prices at BizCounsel won’t be cheaper than what you could find going with a local law firm, and that’s something reviewers have noted as well.

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RMAi Blog

FEBRUARY 7, 2025

a leader in legal collections and portfolio management, announces the acquisition of AACANet , a trusted national debt collection network, through its affiliated entity, Gateway Portfolio Services, LLC. is a highly respected law firm specializing in legal collections, creditor representation, and debt recovery strategies.

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RMAi Blog

APRIL 14, 2025

The exempt activities do not include debt collection. RMAI is working with an industry coalition to seek an express exemption for debt collection. Clearly, if debt collection were to be included, it would result in FDCPA violations. RMAI is in support of this legislation. days of education.

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RMAi Blog

MARCH 14, 2025

Relying on the representations of the creditor, the debt collector reported the consumers account to the CRAs as undisputed. The Court disagreed, explaining that what matters is the relationship between debt collection and the method of collecting, not the nature of the additional amount imposed.

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RMAi Blog

JANUARY 14, 2025

Similar to the final rule on medical debt, the future of the initiatives listed in the Regulatory Agenda remains uncertain as a new administration takes office in early 2025. In its continued focus on debt collection, the CFPB recently issued a blog post titled, Protecting you from unlawful debt collection at work.

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RMAi Blog

NOVEMBER 13, 2024

The consumer disputed the debt, alleging “she did not owe the bill because she was covered by Washington’s Medicaid plan and entitled to coverage under a charity care program at the time,” and the debt was eventually discharged by the healthcare provider. The consumer, however, did not dismiss her cross-complaint.

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