Until recently, debt collectors weren’t allowed to robocall your cellphone without your permission. That changed last year when Congress decided to make an exception. If you’re delinquent on debt owed to the federal government, debt collectors no longer need your permission to robocall your cellphone. Fortunately, the Federal Communications Commission (FCC) has an opportunity to […]
Entries Tagged as 'Debt Collection'
Robocalls to Your Cellphone For Delinquent Federal Student Loans Should Be Capped at 3 Per Month: FCC
May 16th, 2016 · Comments Off on Robocalls to Your Cellphone For Delinquent Federal Student Loans Should Be Capped at 3 Per Month: FCC · Debt Collection
Tags: debt collectors·Student Loans
Attorneys Filed Debt Lawsuits After 30-Second Case Reviews: CFPB
April 26th, 2016 · Comments Off on Attorneys Filed Debt Lawsuits After 30-Second Case Reviews: CFPB · Debt Collection
Less than 30 seconds. That’s how long Pressler & Pressler attorneys sometimes spent reviewing debt lawsuits before filing them. Cases that received more attention than that generally got “less than a few minutes.”
Tags: CFPB·debt lawsuits
Banks Getting Smarter About Debt Collection: CreditVision Recovery Model
March 23rd, 2016 · Comments Off on Banks Getting Smarter About Debt Collection: CreditVision Recovery Model · Debt Collection
Instead of wasting time and money going after debt they’re least likely to recover, banks and credit unions are getting smarter about which debts to prioritize first. That’s thanks to a new recovery model that increases recovered dollars by up to 9 percent. Before you pay a debt during the credit repair process, find out how the CreditVision recovery model works.
Tags: CreditVision·Debt Collection
About the Author, Kristy Welsh
Meet author and founder of Credit Info Center, Kristy Welsh. Credit repair expert Ms. Welsh is a regular contributor to our blog.