Why It Pays To Know Who You Are Paying
OK, so you owe a debt, but who is trying to get you to pay up? There are two kinds of people who might call you looking to collect money that you owe to a creditor. The creditor themselves (think Visa), or a third party debt collection agency that Visa might hire to collect their debts for them. The Fair Debt Collection Practice Act (FDCPA) was composed in the 1970s and extends a wealth of protections for consumers. These are strict regulations and rules that a bill collector must follow, and if any of these rules are broken, there is a great possibility that take the agency that violated the FDCPA to court. But what about that deadbeat friend of yours who owes you five bucks? Are you required to grant them thirty days to refute your claim? Clearly, as both you and your friend's wallet know, you don't.
My point is that the FDCPA is a very special set of rules meant specifically for a very special set of people: third party bill collectors. Browse through Morency v. Evanston Northwestern Healthcare Corp. This was a district court case in Illinois from 1999. In this court case, a hospital issued and sent out pre-collection notices in an attempt to collect money that was owed to them. For third party debt collectors, this is a definite no-no according to the FDCPA. What could have happened? Well, anybody that got the letter might have been off the hook for their debt. But after looking at the situation, the court held that the hospital was a creditor, because the money was going directly to it, and not a third party collection agency, so the FDCPA did not apply.
This case has not been the first of its kind, and courts will take many questions into consideration to determine if the creditor should also be deemed debt collector. In a lot of these cases they ask the following questions: Does it say on the letters that get mailed out if the debtor doesn't pay up the debt will be sent out to collection? Did the creditor hire a collection agency only to send letters, not on commission? Is the collection agency itself just a mailing service?
Here's another example: if a debtor neglects to respond to a letter sent out by a bill collection company, and said collection agency has no further contact with this individual, it probably won't be held to third party bill collection company standards. If a collection agency doesn't receive the files or information on the debtors, then it probably won't be considered a debt collection agency either.
And that finishes our lesson on the differences between third party bill collection companies and creditors trying to collect, and why it pays to know who you are paying. Good luck trying to get that five bucks back from your buddy!
Rapid Recovery Solution is a medical collection agencies
Tags: new york debt collection services, Bill Collector, evanston northwestern healthcare, debt collector, strict regulations, Bad CreditFiled under Bad Credit by 
Comments on Why It Pays To Know Who You Are Paying
On the phone with NY State Student Loan collection agency – right this very second!!!
I wish to elope with you, love you baby x x x o o? ,lets get married
I successfully located a debtor using MicroBilt's Trace Detail Report as a skip tracing tool to verify address.
Breaking Point (judgment) x4 NM + red collection – eBay (item …
New Jersey Judgment Collection Tips
Poll: Will Raising Rates Derail Economic Recovery? –
Send your oppinion
The? irony is just too painful.
It is really no more than a myth that for bad credit holders it is very hard to get loans. Now-a-days there are a number of loans available for bad credit holders. If you are having bad credit and facing financial problem then you can get quick financial help by bad credit homeowner loans. But to get these loans you must be owner of a house. If you are a home owner having bad credit then bad credit home owner loans are the best option to get quick financial aid.If you have any queries about bad credit secured loans, bad credit secured loans UK, bad credit personal secured loans visit
Western Cape – Advert View :: Senior Risk Analyst (Consumer Finance) :: Western Cape :: Banking / Finance… And…
http://small-business-online-m… Small Business Online Marketing: How to Buy, Sell, and Profit on eBay: Kick-Start Your Home-Based Business in Just Thirt
Debt Collectors And Privacy Issues –
http://www.findpdf.us –
There are two kinds of people in the world, those who believe there are two kinds of people in the world and those who don t.
the fair debt collection practice act letter
Lykes democracies removed Ligget.cryptogram Saturdays!]]>
that was the beginning of my bad credit!
Nope. It's a lovely consumer protection called the FDCPA – Fair Debt Collection Practice Act. Very useful to know.
Soltoro receives 80-82% recovery rates on Soledad at El Rayo project
Thats a pathetic excuse. How can you possibly have no contact? I suppose you are one of those who hide? behind your curtains whenever the door knocks. What a great way to live that is. Statute barred debts are for dead people mate. Not scumbags who hold their hand out for whatever they can get and then refuse to pay it back. You cant hide behind that law if you owe money.
Debt Collectors Pursue One In Seven Americans: I went through the Federal Reserve’s Quarterly Release on House…
Time to rock taking pictures for a photo marathon competition, then school rel="nofollow" for five bucks.
These recorded documents are ticking time bombs waiting to explode in a lawsuit filed subsequent to foreclosure for wrong foreclosure, fraud and decit, racketeering and violation of fair debt collection practices authorities. it is but a question of time before the title companies stop insuring foreclosed properties because of defects in the chain of title of the mortgage. In short, the bank can take the properties in a phoiney foreclosure but it will not be able to resell it. The problem referred to open the way to the use of title defects to countervailing force in opposing foreclosure which does not rely upon the jurisdiction or approval of the foreclosure court.
Benefits Of Hiring A Company To Manage Overseas Debt Collection Posted By: eric bernard –
posted by: merriemarie remarks: The sucker, in case you hadn't figured it out, is you, the taxpayer. http://sipseystreetirregulars.blogspot.com Then, there is the black robed union of corruptocrats: Case claims judge threatened defendant American jurisprudence: Fair, reasonable, following the rule of law and delivering the best chance for justice anywhere, right? Well, how about a Texas district court case in which there are allegations a judge threatened a participant, ordered that his assets be seized, told him he was not allowed to hire defense counsel and then pronounced he had the full power of the Navy, Army and Marines to enforce his will?
Los Angeles: Post Judgment Collection Manager – (Woodland Hills) #eBC #Jobs
Four candidates for three Village Council seats — Winnetka … –
These recorded documents are ticking time bombs waiting to explode in a lawsuit filed subsequent to foreclosure for wrong foreclosure, fraud and decit, racketeering and violation of fair debt collection practices authorities. it is but a question of time before the title companies stop insuring foreclosed properties because of defects in the chain of title of the mortgage. In short, the bank can take the properties in a phoiney foreclosure but it will not be able to resell it. The problem referred to open the way to the use of title defects to countervailing force in opposing foreclosure which does not rely upon the jurisdiction or approval of the foreclosure court.