Asked in Debt Collection
What do debt collectors make?
You should first define "debt collector." Do you mean a collection agency or its employees? If you mean an employee of a debt collector, the answer varies depending upon the region. In the New York City metropolitan area about 98% of debt collectors who work for law firms make from about $550 a week to $1,000 a week. The average is about $700 per week. Debt collectors who work for collection agencies make less on the average. This is a hard,...
What can debt collectors do to collect debt?
Debt collectors (not the original creditor) is governed by this very nifty federal law: Federal Debt Collections and Practices Act (FDCPA). Sample of FDCPA and Sates see below in the link ...
Asked in Debt Collection
How can lawyers collect payments?
Law firms that operate as debt collectors are generally still required to registered within the State they will be operating. However, this does not include collections of their own debts, or settlement attempts during pre and post litigation; so as long as they do not engage in debt collections practices. If acting as a law firm with the sole purpose and retention being to file suit they do not need to registered as a debt collection, but must be a licensed law...
Asked in Debt Collection, State Laws, Pennsylvania
What are your rights in Pennsylvania against debt collectors?
Debt collector & third party communications: Debt collectors may only contact third parties to ascertain your location/whereabouts Debt collectors may not reveal to third parties that you owe debt Debt collector may not harass you, or third parties in connection with collecting a debt: Debt collectors may not use threats of violence or harm Debt collectors may not use profane or obscene language Debt collectors may not repeatedly use the telephone to annoy Debt collectors may not publish a list of debtors (except lists sent to credit...
Asked in Debt and Bankruptcy
Can an Ohio debt collector garnish your spouses income in Michigan if the debt was originated in Michigan-Are they bound to Ohio law or Michigan law?
The rule is the debt collector is bound by the laws of the state the collection action is being taken in. If the debt collector is not licensed or authorized in that state, it cannot legally act to collect the debt. Check with your state agency that licenses debt collectors. The debt collector can retain a local attorney to collect the debt, of course, and that would be under Michigan Law. ...
Does the law firm that seeking payment of a debt own the debt that was originally owned by a creditor?
Generally collection law firms or a collection attorney is working for the original creditor or the third party creditor who purchased the debt. It is not possible to say if the firm is working on a percentage basis, contracted or and independent. ...
Does a law firm have to obtain a license to be a debt collector and what agency gives them license?
In most jurisdictions, law firms may take steps to collect debts without any special license. They do have to abide by the debt collection laws for the jurisdiction. ...
Asked in Repossession, Debt Collection, State Laws
Is it against the law for a debt collector to call you on Sunday in Florida?
I don't think it is, we get calls from Debt collectors all the time on Sundays......actually they quite harrass us everyday,and i live in Florida ...
Asked in Law & Legal Issues
What are some Canadian law firms where a lawyer can practice law?
Law firms employ qualified lawyers to practice law and represent clients in legal matters. Canadian law firms include Taylor Fordyce Ltd, Mosses Solicitors and Kleiman Law. ...
What are the ramifications of a paralegal dating clients of law firms?
check your law firms policies on dating clients.
Law and debt collection?
Laws are based on specific state and associations regulate debt collectors like; ACA international, CLLA, etc. Debtors are bound by different laws depending on the state. Look at the resource box ...
Asked in Cars & Vehicles
Where can one find information on Car Accident Law firms?
Many law firms that specialize in car accident cases advetise on daytime television. Also, websites like Auto Accident Law Firms and PR Web can give information on these firms. ...
Understanding How the Fair Debt Collection Practices Act Protects Consumers?
The Fair Debt Collection Practices Act (FDCPA) was first enacted in 1977 to protect consumers against certain debt collection tactics. This goal of the FDCPA is to keep debt collectors from deceiving, harassing or taking advantage of consumers. While this law does not cover business debts, it does cover all personal debts, like credit card debt, medical bills and auto debt. What Debt Collectors Are Forbidden to Do Under the Fair Debt Collection Practices Act Under the FDCPA, debt collectors must send consumers...
What happens when your credit account goes to law firm?
Law firms are subject to FDCPA laws. Anyone collecting a debt on behalf of another is a debt collector. They can also file suit on you for the debt, but before that happens if you are contacted by them remember that they are bound by FDCPA laws and have been known to violate a consumers rights. Always make them validate the debt, if they can't, then I guess you can assume that no debt exist and you don't owe them or...
Asked in Bankruptcy Law
What are some reputable bankruptcy law firms located in Los Angeles?
There are many reputable bankruptcy law firms in Los Angeles. For a listing of these law firms and the attorneys who work for them see the local yellow page listings for this area. ...
Asked in Law & Legal Issues
When do collection law firms sue you?
A collections law firm may legitimately sue for a debt at any time until the applicable statue of limitations has barred their claim. Their timing of a lawsuit may be after a series of letters have been sent, they sense you are uncooperative, or for any other reason that they have. Despite blatant threats to sue, the collections law firm or company may never actually sue you for the debt. ...