But the behavior
of other debt collectors gone bad is so egregious that the FTC asks the courts to permanently ban them from participating in the debt collection business.
The senators wrote that «
no other debt collector makes these demands» However, that assertion is suspect as these are tried - and - true collection strategies used by private collection agencies when collecting consumer debts.
Federal law exempts in house collectors from the FDCPA's prohibitions against abusive and unfair practices that apply to
other debt collectors.
We get constant call for a defaulted student loan, my husband was even offered a «job» before the loan was sold onto
some other debt collector.
Other debt collectors will try to convince you to put the debt on another credit card... something you SHOULD NOT do because it's only robbing Peter to pay Paul.
Just like
any other debt collector, Conserve, Pioneer, Performant and CBE Group will all have to abide by the Fair Debt Collection Practices Act, which regulates debt collection activities and preserves right for consumers.
If they're unsuccessful, the debt may pass to
other debt collectors.
I heard via Clark Howard's podcast that the rules surrounding student debt collectors are different than
other debt collectors.
Our goal is to prove to the Judge that Dyck O'Neal or Clearsping / Vantium, or
any other debt collector, often does little or nothing to verify that the amount of the debt is correct.