Sentences with phrase «of debt collection cases»

• 75 percent of debt collection cases default.

Not exact matches

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

There was concern on the part of some owners over how Navarro made his money — a piece of it was in debt collection — and a case he settled in New York in 2014 over «repeatedly bringing improper debt collection actions against New York consumers.»

As an overly simplified case if it takes me $ 125,000 in debt collections and legal fees to get $ 200,000 of debt paid, whereas you can do it in $ 50,000 you could likely purchase the debt for $ 75,000.

Not only can they erase the collection from your credit report, but in extreme cases of agency misconduct, they can even erase your debt completely.

Both of those cases are still better than an open collection; that says to someone considering loaning you money that not only will you default, not only will they have to write it off, not only will the collections agency make less profit... the collections agency is unlikely to see ANYTHING from this bad debt and may not even agree to buy it.

Sprinkle in just a few cases of «Yeah, I couldn't pay my cell phone bill so I just let them cut it off, but the collections agency started calling and mailing me every day and I had to pay twice what I owed in the first place to make it stop», which filters through the collective psyche of the masses, and all of a sudden if and when they do offer a deal on a debt you fell behind on, you jump on it.

In that case there are some options to stop the collections activity for the next five years and potentially discharge part of the debt or enter into a reasonable repayment plan if you are sued.

They should stop attempts to collect debts without proper information and documentation about the debt, stop debt collectors from bringing robo - signed cases in court, crack down on widespread use of threats, harassment and embarrassment in debt collection, and protect consumers from having their credit records unfairly affected by medical debt, among other actions.

I am proud to call many of the largest banks, collection agencies, debt buyers and insurance companies our clients and have roughly a 50/50 case distribution between Plaintiffs and Defendants.

In a recent case (see blog post), a federal court ruled that the debt buyer collection agency could not charge interest from the date of charge off with the original creditor.

That means all creditors will have to go through a US Bankruptcy Court trustee in order to deal with their debtors, and in the case of our debtor in the illustration, the stay would have stopped any debt collection activity that might have been keeping him awake at nights.

In fact, in the case of debt collection, errors in the proper dates are very common.

In the case of a $ 300 bill from Verizon that was only a few months overdue, the collection agency may buy the debt for only $ 75 to $ 150.

In cases of medical debt, a collection agency has significantly less motivation to settle than a doctor or hospital would.

In case of default, terms of collection of the outstanding debt should clearly specify the costs involved in collecting upon the debt.

In case of default, terms of collection of the outstanding debt should clearly specify the costs involved in collecting the debt.

Although it's not a common practice, lenders of title loans can turn your case over to a collection agency if you default on payments, so read on to find out about what debt collectors can not do:

After 6 - months of being delinquent on payments, your account will also have been written - off in most cases, and sold to a debt collection company.

If you are not sure whether the statute of limitations applies in your case — the rules vary from state - to - state — simply ask the collection agency if your debt is «time - barred» meaning the statute of limitations has run out.

I only handle two types of cases: I represent consumers that have been harassed by debt collectors and I defend consumers in debt collection lawsuits.

The primary consumer protection problem areas that have given rise to the States» actions include: (1) unsubstantiated claims of consumer savings; (2) deceptive representations about the length of time necessary to complete a debt relief program; (3) misleading or failing to adequately inform consumers that they will be subject to continued collection efforts, including lawsuits, and that their account balances will increase due to extended nonpayment under the program; (4) deceptive disparagement of consumer credit counseling; (5) deceptive disparagement of bankruptcy as an alternative for debtors; (6) lack of screening and analysis to determine suitability of debt relief programs for individual debtors; (7) the collection of substantial up - front fees so the debt relief company gains even if it fails to perform; (8) lack of transparency and information for consumers as to payment of fees, status of accounts, and communications with creditors; (9) significant delays in active negotiation or engagement with creditors, coupled with prohibitions on direct consumer communications with creditors; and (10), in the case of debt settlement companies, basing savings claims (and settlement fees) not on the original account balance, but on the inflated amount due (including late fees and default rates of interest) at the time of settlement.

Well, in the case of credit cards, a collection agency is really a recovery mechanism for companies who are trying to recover the debt that you owe to credit card companies.

And in a lot of cases, it's just okay, I can pay this debt back but I need a few more months and since I know it's already past the two years I don't have to be in a panic, even though the phone is still ringing because they're turned it over to a new collection agency.

Filing for bankruptcy also automatically protects you from collection actions on all of your debts, at least until the bankruptcy case is resolved or until the creditor gets permission from the court to start collecting again.

Jeff Simendinger, who co-founded Simm Associates in 1991 with his father in their Delaware home's dining room, said that while he wasn't aware of Cimochowski's case, everything his company does is in compliance with applicable laws and regulations governing debt collection.

He is a regular fixture at the Supreme Court, with an impressive tally of arguments and a number of recent appearances in fair debt collection cases.

In addition, when someone files for bankruptcy, all collection actions are automatically temporarily stopped on all of his or her debts, at least until the bankruptcy case is resolved or until the creditor gets special permission from the court to start collecting again.

Ever since 2008, more and more cross border disputes I was instructed on were debt collection cases, and most of them were, not just some simple...

He has represented both plaintiffs and defendants in cases involving a wide variety of claims, including breach of contract, professional malpractice, personal injury, insurance bad faith, and debt and judgment collection actions.

Since debt collection defense cases generally involve similar issues, I can determine the average amount of time it will take me, and I set my flat fee rates accordingly.

Aaron Street: Yeah I mean I think this can be taken too far, so if you had an example like Brad where he only represents criminal defendants and therefore there's no risk of him having a conflict come through the site when he's getting actual information about actual cases, but you could see in a litigation, let's say a family law lawyer, if their website were trying to collect information to provide tools as both an intake and access to justice solution that you potentially run into tremendous conflicts of interest problems there and I think obviously any lawyer considering pursuing this for their firm should think through the implications of their particular situation, but I think what Brad's doing is awesome in the context of his criminal law practice and I think there are versions of a similar model that could be used in something like your debt collection defense practice or a small business startup practice or an estate planning practice, but that doesn't mean that it's a model that should be replicated by every lawyer in every practice.

I assume landlord - tenant work, debt collection stuff, and probably some family cases are probably the bulk of what the courts do, so if you can move that stuff into a better system, that's probably huge.

I practice in some federal court, but I practice a lot in state court and because I handled debt collection cases, I sued the debt collectors and I defended people sued by debt collectors, I used to sit in on some of those similar calendars.

Some common civil cases include disputes over a contract, debt relief or collection, civil fraud, and other types of disputes over money.

I defend consumers in debt collection cases and depending on the amount of the debt, and other factors, I explain to them that hiring me is not the most effective use of their money.

We operate in a niche of debt - collection defense cases in Minnesota.

The rate of default in these cases fluctuates between 65 and 80 percent, and 87 percent of all defaults in Utah are in debt collection cases.

They quickly zeroed in on debt collection cases as an area of critical need, finding:

In the last five years, Utah had 330,000 debt collection cases, making up 65 percent of all new filings in the state.

Álvaro Telles da Sylva Pinto Basto, a litigation partner with Couto, Graça e Associados in Maputo, Mozambique tells CDR that there is a busy domestic disputes market, mainly civil and commercial matters, many of which relate to debt collection, but also criminal cases, including insurance fraud.

Claimants» delay in not moving for fees pre-dismissal was reasonable because the counsel involved did not want to delay other unsecured creditors» wish that the case be dismissed so they could post haste sue debtor in state court for collection of debts owed.

NCSC research: More than half of civil caseloads are comprised of relatively low - value debt collection, landlord / tenant, and small claims cases.

The firm's North Georgia lawyers have successfully represented clients in cases of breaches of contract, real estate disputes, employee fraud and theft, debt collections, franchise relations, Uniform Commercial Code issues, fraudulent real estate transfers, employment disputes, insurance coverage disputes, landlord - tenant relations, and a wide variety of other matters.

For consumer debt collection cases, most defendants are often unable to represent themselves effectively against attorneys who try hundreds of cases every year.

A debt collection company employee and the revocation of her promotion recently served as a case in point.

We uniquely understand the plight of consumers as we have handled hundreds of cases involving foreclosure, debt collection, and consumer harassment cases.

According to NCSC, contract caseloads consist «primarily of debt collection (37 %), landlord / tenant (29 %), and foreclosure (17 %) cases.»

Specifically, contract caseloads consist «primarily of debt collection (37 %), landlord / tenant (29 %), and foreclosure (17 %) cases.»

2014)(successfully obtained decision affirming jury verdict in collection - abuse case and rejecting argument that consumers must first make a dispute before invoking the protections of the Fair Debt Collection Practices Act)(briefed and argued)