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Lies by debt collectors – Violations of the FDCPA

Under the Fair Debt Collection Practices Act (FDCPA), a debt collector must identify his name and the collection agency he is working for.

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Lies by debt collectors – Violations of the FDCPA

emilywilson's insight:

Under the Fair Debt Collection Practices Act (FDCPA), a debt collector must identify his name and the collection agency he is working for. The FDCPA is a federal act enforced by the Federal Trade Commission (FTC) to protect consumers against illegal and unethical debt collection practices by debt collectors.

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Your Collection Rights | Submit Your Story

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The Fair Debt Collection Practices Act (FDCPA) has stringent provisions to punish the unfair practices of debt collectors. The FDCPA is a federal law that is enforced for the protection of consumer rights against unlawful debt collection practices. According to this Act, the creditor or the debt collection agency that bought your debt from the original creditor has the right to collect the debt legally from you. However, debt collectors must use fair debt collection procedures while attempting to collect from you.

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NCO Financial Systems Violates the FDCPA

The NCO Financial Systems is a formidable collection agency that has many complaints to its credit. The NCO purchases old debts from people like your cell phone provider... Debt collection agencies like the NCO employ people and train them to collect on debts.
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Do not Hurry to Pay NCO Financial Systems

NCO Financial Systems is a third party debt collection agency engaged in collecting debts from consumers. Numerous complaints about NCO Financial Systems collection agency have been making news and have created fear in consumers' minds about this agency.

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Credit Card Balance Transfers Can Reduce Credit Card Expenses

Thanks to lawmakers and federal banking regulators, your credit card monthly statements have to carry more details than before. Credit Card Act of 2009 has mandated certain disclosures. Now the new statements are designed to be more reader-friendly and help credit cardholders easily find important information on their monthly statements. Displayed are payments due, the amount owed, the consequences of making late payments and how much you are paying in fees and interest on different types of accounts.
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Do not Hurry to Pay NCO Financial Systems

NCO Financial Systems is a third party debt collection agency engaged in collecting debts from consumers. Numerous complaints about NCO Financial Systems collection agency have been making news and have created fear in consumers' minds about this agency.

Third party agencies like the NCO hate it if you clear the debt by paying the dues to the original creditors and not them. The NCO collectors may be retained by the original creditors or sometimes they may have bought a debt from original creditors for a pittance and make it their final goal in life to harass consumers to collect money on debts. For these collectors any money earned is profit enough as they did not spend neither their time nor resources to buy these consumer debts. Original creditors may not harass you for the simple fact that they have built a goodwill with you.

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Credit Card Balance Transfers Can Reduce Credit Card Expenses

Thanks to lawmakers and federal banking regulators, your credit card monthly statements have to carry more details than before. Credit Card Act of 2009 has mandated certain disclosures.

Now the new statements are designed to be more reader-friendly and help credit cardholders easily find important information on their monthly statements. Displayed are payments due, the amount owed, the consequences of making late payments and how much you are paying in fees and interest on different types of accounts.

more...
No comment yet.
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Debt Collector Harassment in California

emilywilson's insight:

The Rosenthal Fair Debt Collection Practices Act (RFDCPA) is the California Fair Debt Collection Practices Act adopted in 1977. It regulates the conduct of debt collectors in California. The RFDCPA prohibits illegal and abusive practices of debt collectors. California debt collector harassment is dealt with strictly under the RFDCPA.

The RFDCPA was established in California to stop California debt collector harassment. This Act differs from the federal FDCPA in some ways though the basic rules remain the same. As opposed to the FDCPA, the California statute applies to the collection of debts by both original creditors and debt collection agencies. The federal statute is limited to covering only the debt collection agencies. Since the original creditors being outside its scope, the RFDCPA stands broader than the FDCPA.

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The NCO Debt Collectors Pay for Violating the FDCPA

emilywilson's insight:
According to Section 813 of the Fair Debt Collection Practices Act (FDCPA), a debt collector can be sued for damages per the FDCPA for using illegal or unethical collection tactics. Section 813 deals with suing debt collectors for violating the fair debt act. The FDCPA is a federal Act that came into existence following the numerous complaints about the nefarious collection tactics of third party debt collectors. The NCO Financial Systems is one such debt collection agency known for its abominable and ruthless debt collection tactics.
more...
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Scooped by emilywilson
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NCO Financial Systems Violates the FDCPA

The NCO Financial Systems is a formidable collection agency that has many complaints to its credit. The NCO purchases old debts from people like your cell phone provider...
more...
No comment yet.
Scooped by emilywilson
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Do not Hurry to Pay NCO Financial Systems

emilywilson's insight:

NCO Financial Systems is a third party debt collection agency engaged in collecting debts from consumers. Numerous complaints about NCO Financial Systems collection agency have been making news and have created fear in consumers' minds about this agency.

Third party agencies like the NCO hate it if you clear the debt by paying the dues to the original creditors and not them. The NCO collectors may be retained by the original creditors or sometimes they may have bought a debt from original creditors for a pittance and make it their final goal in life to harass consumers to collect money on debts. For these collectors any money earned is profit enough as they did not spend neither their time nor resources to buy these consumer debts. Original creditors may not harass you for the simple fact that they have built a goodwill with you.

more...
No comment yet.
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The Three Most Important Steps to Stopping Debt Collection Harassment

emilywilson's insight:

Three very important steps to stopping of debt collection are identifying whether you owe a debt or not, reviewing your rights and taking action of your rights have been violated.

The Fair debt Collection Practices Act (FDCPA) was established by the Federal Trade Commission (FTC) to ensure fair debt collection practices. The FDCPA is enforced by the Federal Trade Commission (FTC) and private attorneys governs fair debt collection methods. Any violation of the FDCPA can attract a compensation of $1000 per violation.

more...
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Criminals Feast On Credit Card Frauds

If we look at the number of credit cards that are in use or have been issued in our country, the statistics are amazing. A whopping 1.81 billion credit cards in US are in use. Out of this Visa dominates the show with 297 million credit cards followed by 171 million by Master Card credit cards and American Express at 4.9 million credit cards.

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What you need to do

emilywilson's insight:

When you are harassed by a debt collector, the first thing you must determine is whether this is the original creditor, a collection agency or a company that bought the debt. Collection agencies and attorneys who regularly collect debts must comply with Fair Debt Collection Practices Act.

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Know your Debt Rights

Your Debt Rights - The Fair Debt Collection Practices Act (FDCPA) helps to fair debt collection and to validation of debt information by eliminating abusive practices by debt collectors.
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Debt Collector Harassment in California

The Rosenthal Fair Debt Collection Practices Act (RFDCPA) is the California Fair Debt Collection Practices Act adopted in 1977. It regulates the conduct of debt collectors in California. The RFDCPA prohibits illegal and abusive practices of debt collectors. California debt collector harassment is dealt with strictly under the RFDCPA.

more...
No comment yet.
Scooped by emilywilson
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The NCO Debt Collectors Pay for Violating the FDCPA

According to Section 813 of the Fair Debt Collection Practices Act (FDCPA), a debt collector can be sued for damages per the FDCPA for using illegal or unethical collection tactics. Section 813 deals with suing debt collectors for violating the fair debt act.

The FDCPA is a federal Act that came into existence following the numerous complaints about the nefarious collection tactics of third party debt collectors. The NCO Financial Systems is one such debt collection agency known for its abominable and ruthless debt collection tactics.

more...
No comment yet.
Scooped by emilywilson
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NCO Financial Systems Violates the FDCPA

The NCO Financial Systems is a formidable collection agency that has many complaints to its credit. The NCO purchases old debts from people like your cell phone provider...
more...
No comment yet.
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The FTC Issues Final Policy Statement On Collecting Debts Of the Deceased

The Federal Trade Commission has finalized a policy statement clarifying that the agency will not take enforcement action under the Fair Debt Collection Practices Act (FDCPA) or the FTC Act against companies that are attempting to collect the debts of deceased consumers, if the companies communicate with someone who is authorized to pay debts from the estate of the deceased.

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NCO Financial Systems Violates the FDCPA

The NCO Financial Systems is a formidable collection agency that has many complaints to its credit. The NCO purchases old debts from people like your cell phone provider...
more...
No comment yet.
Scooped by emilywilson
Scoop.it!

Do not Hurry to Pay NCO Financial Systems

emilywilson's insight:

NCO Financial Systems is a third party debt collection agency engaged in collecting debts from consumers. Numerous complaints about NCO Financial Systems collection agency have been making news and have created fear in consumers' minds about this agency.

Third party agencies like the NCO hate it if you clear the debt by paying the dues to the original creditors and not them. The NCO collectors may be retained by the original creditors or sometimes they may have bought a debt from original creditors for a pittance and make it their final goal in life to harass consumers to collect money on debts. For these collectors any money earned is profit enough as they did not spend neither their time nor resources to buy these consumer debts. Original creditors may not harass you for the simple fact that they have built a goodwill with you.

more...
No comment yet.
Scooped by emilywilson
Scoop.it!

The Three Most Important Steps to Stopping Debt Collection Harassment

emilywilson's insight:

Three very important steps to stopping of debt collection are identifying whether you owe a debt or not, reviewing your rights and taking action of your rights have been violated.

The Fair debt Collection Practices Act (FDCPA) was established by the Federal Trade Commission (FTC) to ensure fair debt collection practices. The FDCPA is enforced by the Federal Trade Commission (FTC) and private attorneys governs fair debt collection methods. Any violation of the FDCPA can attract a compensation of $1000 per violation.

more...
No comment yet.
Scooped by emilywilson
Scoop.it!

Debt Collector Harassment in California

emilywilson's insight:
The Rosenthal Fair Debt Collection Practices Act (RFDCPA) is the California Fair Debt Collection Practices Act adopted in 1977. It regulates the conduct of debt collectors in California. The RFDCPA prohibits illegal and abusive practices of debt collectors. California debt collector harassment is dealt with strictly under the RFDCPA. The RFDCPA was established in California to stop California debt collector harassment. This Act differs from the federal FDCPA in some ways though the basic rules remain the same. As opposed to the FDCPA, the California statute applies to the collection of debts by both original creditors and debt collection agencies. The federal statute is limited to covering only the debt collection agencies. Since the original creditors being outside its scope, the RFDCPA stands broader than the FDCPA.
more...
No comment yet.
Scooped by emilywilson
Scoop.it!

The NCO Debt Collectors Pay for Violating the FDCPA

emilywilson's insight:
According to Section 813 of the Fair Debt Collection Practices Act (FDCPA), a debt collector can be sued for damages per the FDCPA for using illegal or unethical collection tactics. Section 813 deals with suing debt collectors for violating the fair debt act. The FDCPA is a federal Act that came into existence following the numerous complaints about the nefarious collection tactics of third party debt collectors. The NCO Financial Systems is one such debt collection agency known for its abominable and ruthless debt collection tactics.
more...
No comment yet.