Sentences with phrase «such some debt collectors»

Some debts don't get removed from databases when payments are made to close them out, and as such some debt collectors try to collect on debts that were once in default, but paid off in a compromise.

«If a consumer notifies a debt collector in writing that the consumer refuses to pay a debt or that the consumer wishes the debt collector to cease further communication with the consumer, the debt collector shall not communicate further with the consumer with respect to such debt, except — to advise the consumer that the debt collector's further efforts are being terminated; to notify the consumer that the debt collector or creditor may invoke specified remedies which are ordinarily invoked by such debt collector or creditor; or where applicable, to notify the consumer that the debt collector or creditor intends to invoke a specified remedy.»

Not exact matches

It would no longer be able to write major rules regulating consumer financial companies, such as debt collectors, without getting approval from Congress.

Victims of identity theft can face issues such as lost job opportunities, problems with securing a loan or harassment from debt collectors.

The Fair Debt Collection Practices Act states that a debt collector, such as a payday loans online representative, is not allowed to contact you repeatedly with the intent to annoy, abuse or harass Debt Collection Practices Act states that a debt collector, such as a payday loans online representative, is not allowed to contact you repeatedly with the intent to annoy, abuse or harass debt collector, such as a payday loans online representative, is not allowed to contact you repeatedly with the intent to annoy, abuse or harass you.

Debt collectors can also sue borrowers to win the right to seize their wages — and after such a trial, debtors are often charged with the collector's court fees.

Though Vincent becomes almost a substitute father, he is still the same irresponsible person who has to fend off debt collectors such as the threatening Zucko (Terrence Howard).

Debt collectors can also sue borrowers to win the right to seize their wages — and after such a trial, debtors are often charged with the collector's court fees.

Additionally, «we» or «us» shall mean any third party providing benefits, services, or products in connection with the Account (including but not limited to credit reporting agencies, merchants that accept any credit device issued under the Account, rewards programs and enrollment services, credit insurance companies, debt collectors, and all of their officers, directors, employees, agents and representatives) if, and only if, such a third party is named by you as a co-defendant in any Claim you assert against us.

A debt collector may also contact you in a manner which you agree to, such as telling a debt collector it is okay to send a fax with the information or call you at work.

However, debt collectors may not attempt to contact you at inconvenient times or places, such as before eight in the morning or after nine o'clock at night, unless you agree.

The FDCPA strictly prohibits debt collectors from calling you at work if you inform the collection agency that such calls are inconvenient or place you in danger of losing your job.

Debt collectors are subject to PIPEDA (unless regulated by a similar legislation based on province, including Quebec, Alberta and British Columbia) as well as provincial laws such as Ontario's Collection and Debt Settlement Services Act.

Section 807 of the FDCPA says «(4) The representation or implication that nonpayment of any debt will result in the arrest or imprisonment of any person or the seizure, garnishment, attachment, or sale of any property or wages of any person unless such action is lawful and the debt collector or creditor intends to take such action.»

The U.S. Department of the Treasury reports that bank garnishment allows debt collectors to withdraw money from your accounts to satisfy a judgment, unless certain funds in your accounts, such as Social Security payments, are exempt from judgments by law.

You can also request a debt collector completely cease all contact with you by stating such in a letter.

The [4] Fair Debt Collection Practices Act, or FDCPA, prohibits third - party debt collectors from contacting consumers at their place of employment «if the collector knows or has reason to know that the consumer's employer prohibits such contacts.&raDebt Collection Practices Act, or FDCPA, prohibits third - party debt collectors from contacting consumers at their place of employment «if the collector knows or has reason to know that the consumer's employer prohibits such contacts.&radebt collectors from contacting consumers at their place of employment «if the collector knows or has reason to know that the consumer's employer prohibits such contacts.»

The federal government can withhold all or part of a tax refund and up to 15 % of monthly Social Security benefits to pay back defaulted federal student loans.3 (These federal «offsets» do not apply to private student loans, but private debt collectors may threaten to take such action.)

Borrowers also report aggressive collection tactics by debt collectors, such as repeatedly calling family members and employers, even after being asked to stop.

The FTC offers other red flags of fake debt collectors, such as callers who:

(1) the amount of the debt; (2) the name of the creditor to whom the debt is owed; (3) a statement that unless the consumer, within thirty days after receipt of the notice, disputes the validity of the debt, or any portion thereof, the debt will be assumed to be valid by the debt collector; (4) a statement that if the consumer notifies the debt collector in writing within the thirty - day period that the debt, or any portion thereof, is disputed, the debt collector will obtain verification of the debt or a copy of a judgment against the consumer and a copy of such verification or judgment will be mailed to the consumer by the debt collector; and (5) a statement that, upon the consumer's written request within the thirty - day period, the debt collector will provide the consumer with the name and address of the original creditor, if different from the current creditor.

They feel they are hired as debt collectors, not financial advisers, and had no duty to provide such advice.

Please note, however, that sending such a letter to a collector does not make the debt go away if you actually owe it.

One such right you have is to send a «cease & desist» letter to a debt collector.

A contingency fee arrangement is only available for specific types of cases, such as consumer rights lawsuits against third - party debt collectors or other similar companies for violations of specific laws.

State laws prevent debt collectors from targeting various types of income such as veteran benefits and child support.

Obscene or insulting language is also not allowed, although many debt collectors will use such tactic to intimidate people and get them to pay more than they can comfortably afford, not to mention not having the credit to do so.

Such collectors may not, for example, contact debtors at odd hours, subject them to repeated telephone calls, threaten legal action that is not actually contemplated, or reveal to other persons the existence of debts.

Recently, the Ontario Ministry of Government and Consumer Services (Ministry) asked interested parties to submit their recommendations on potential ways to strengthen consumer protection for those individuals who may use alternative financial services (AFS) such as payday loans and quick cash installment loans, as well as those who may find themselves facing debt collectors.

Victims of identity theft can face issues such as lost job opportunities, problems with securing a loan or harassment from debt collectors.

Debt collectors can not contact the individual at work if s / he has explicitly stated that his or her employer does not approve of such calls during work hours.

Debt collectors are prohibited from stating that such consumer owes any dDebt collectors are prohibited from stating that such consumer owes any debtdebt.

The healthcare industry is the single biggest customer of the debt collection industry, constituting 42 % of the collection market, versus only 29 % for the banking & finance sector.34 One stunning statistic from a 2003 Federal Reserve study is that over half of accounts reported by debt collectors and nearly one - fifth of lawsuits that show up as negative items on credit reports are for medical debts.35 Moreover, often medical debts are sent to debt collectors for reasons completely out of the consumer's control, such as disputes between insurance companies and providers, or even the result of the provider's failure to properly bill the insurer.

Once a student loan is in default, that is when debt collectors will start being more aggressive with collection efforts and threaten to do things such as garnish your wages, intercept your tax refund or possibly even sue you (for private student loans) for not making your student loan payments.

If a debt collector or creditor is trying to sue and you believe that you are judgment proof, you must respond to the lawsuit as such.

Not all creditors or debt collectors will accept a reduction in the balance, interest rate, or fees a customer owes such creditor or debt collector.

Indeed, even while a consumer is enrolled in a debt relief program, creditors and debt collectors may continue to make collection calls pending resolution of the consumer's debts and may proceed with lawsuits and subsequent enforcement of any judgments, such as through garnishment of wages.

But passive voice is useful if you want to de-emphasize the doer or avoid placing blame directly (such as on the court): a recording of the debt collector's threatening phone call was improperly excluded.

Thus, so long as the use of debt collectors is consistent with the regulatory requirements (such as, providers obtain the proper consents, the disclosure is of the minimum amount of information necessary to collect the debt, the provider or health plan enter into a business associate agreement with the debt collector, etc.), relying upon debt collectors to obtain reimbursement for the provision of health care would not be prohibited by the regulation.

Apart from contract termination you can use such letter if debt collectors are harassing you or someone is infringing your copyrights.

These can include notices from the company or agency owed the debt, such as a credit card company, followed by delinquency notices from debt collectors, a lawsuit filed against you and possibly a court judgment issued against you.

FHA did not say why it was willing to overlook collection accounts in the past, but some lenders and consumer advocates point out that many such accounts are the result of medical debt, divorce, past unemployment, identity theft or unscrupulous debt collectors.