The Future of CFPB Under New Presidency

Since the Consumer Financial Protection Bureau (CFPB) was established in 2011 as an independent company, consumer protection from collection agencies has surged in the financial sector. To provide significant improvements to the…

What is the Fair Debt Collection Practices Act?

The Fair Debt Collection Practices Act is a consumer protection amendment that limits how third-party debt collectors communicate with consumers who are in debt to another person or company. Third-party debt collectors,…

What Is a Lien?

A lien is a legal right a creditor can place on a debtor’s property to ensure the person pays back their debt in full (Nolo.com). As a legal right, creditors can sell…

How Does a Creditor Lawsuit Work?

Depending on the debt amount and to who its owed to there are a few different courts that creditors can sue debtors, including: state civil court, federal court, or small claims courts….

What is Skip Tracing?

In the realm of debt collection, legal proceedings, and even personal investigations, skip tracing emerges as a vital technique. The term “skip” refers to the person being searched for and is derived…

How Debt Collection Works

The average credit card debt of U.S. households is approximately $5,700, according to the most recent data from the Survey of Consumer Finances by the U.S. Federal Reserve. The average debt for…

Corporate Personal Guarantees

What are personal guarantees and how are they effective in collecting commercial debt?  We absolutely love clients who obtain personal guarantees!  Why? Because their accounts are twice as collectible as other clients…

Credit Applications

Commercial Credit Applications for the 21st Century Wow… have things changed over the years in the collection agency industry. Where do I even begin? It used to be that companies would have…