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đź”— greenlinesltd.com
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#DebtCollection
obligations owed by individuals to original credit issuers.
When insiders have a poor track record of timing their purchases, should investors be extra cautious? What other factors would you consider before following this insider buy?
#InsiderBuying #PRAA #FinancialServices #DebtCollection #NotInvestmentAdvice #FinancialAnalysis
Discover more insider buying analysis: https://www.theinsidersfund.com/2025/05/insider-buying-week-05-09-25-bargain-basement-week/
#StudentLoans in default to be referred to #DebtCollection, #EducationDepartment says
By ANNIE MA, April 21, 2025
WASHINGTON (AP) — "The Education Department will begin collection next month on student loans that are in default, including the garnishing of wages for potentially millions of borrowers, officials said Monday.
"Currently, roughly 5.3 million borrowers are in default on their federal student loans.
"The Trump administration ’s announcement marks an end to a period of leniency that began during the COVID-19 pandemic. No federal student loans have been referred for collection since March 2020, including those in default. Under President Joe Biden, the Education Department tried multiple times to give broad forgiveness of student loans, only to be stopped by courts.
" 'American taxpayers will no longer be forced to serve as collateral for irresponsible student loan policies,' #EducationSecretary #LindaMcMahon said.
"Beginning May 5, the department will begin involuntary collection through the Treasury Department’s offset program, which withholds government payments — including tax refunds, federal salaries and other benefits — from people with past-due debts to the government. After a 30-day notice, the department also will begin garnishing wages for borrowers in default.
"The decision to send debt to collections drew criticism from advocates, who said borrowers had experienced whiplash and confusion with the changing student loan policies between the Biden and Trump administrations."
Source:
https://apnews.com/article/student-loan-debt-default-collection-fa6498bf519e0d50f2cd80166faef32a
#CharacteristicsOfFascism #Education #DumbingUsDown #Debt #LoanForgiveness for #TheRich, but not #Students!
How Your Business Would Benefit Hiring a Commercial Collection Agency?
https://www.wanderglobe.org/how-your-business-would-benefit-hiring-a-commercial-collection-agency/
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Master FDCPA: Collecting Bad Debts Legally
Navigating the complexities of collecting bad debts requires a deep understanding of the Fair Debt Collection Practices Act (FDCPA). This essential guide provides insights into compliance, ensuring your practices align with legal standards while maximizing recovery rates. Learn how to handle difficult cases, avoid common pitfalls, and protect your business.
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And if a client wants to understand the legal theory behind it, I’m happy to explain.
Or, they can just get in the car, press the pedal, and go.
Sure, if you want to learn those things, it can help you drive more efficiently and effectively. But it’s not required.
That’s why it always makes me scratch my head when someone says they “can’t imagine” how our strategies work.
They just do.
👇
It just works, whether you understand it or not.
You don’t have to understand how the internal combustion engine of a car works in order to get somewhere. You get in, press the accelerator pedal, and just go.
You don’t have to understand physics, chemistry, or engineering.
You don’t have to know the proper fuel-air mixture, the timing of the spark plugs, or the torque output of the engine.
👇
Unpaid oil debt mounts.
Oceans hid that shame awhile.
Physics keeps calling.
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Debt Collector Data Breach Exposes Data on 3 Million+ Americans
US debt collection company Financial Business and Consumer Solutions has experienced a data breach, exposing the information of more than 3.2 million Americans
A range of personal information was exposed: Name, address, dates of birth, Social Security number, driver's license number and medical claims data/records
#FCBS #DebtCollection #databeach #security #cybersecurity #infosec #hackers #hacking #hacked
https://www.pcmag.com/news/debt-collector-data-breach-exposes-data-on-3-million-plus-americans
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Collection agency FBCS warns data breach impacts 1.9 million people
Financial Business and Consumer Solutions (FBCS) is warning 1,955,385 impacted individuals in the United States that the company suffered a data breach after discovering unauthorized access to specific systems in its network.
#FBCS #debt #debtcollection #collections #databreach #security #cybersecurity #infosec #hackers #hacking #hacked
Is your AR a bottomless pit? We've got the secret sauce to maximize your recovery! Swipe up and discover the best practices for success!
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Knowledge is the antidote to fear.
When a debt collector comes at you, your fear is their friend.
They use fear against you to extract money they didn't earn and don't deserve.
But if you know how the law protects you from unfair and abusive debt collection, you have the upper hand.
And you don't have to fear them anymore.
We'll give you the knowledge—for free. Check the link below.
Four common ways debt collectors break the law:
1. Calling you on the phone when they know they shouldn't
2. Misrepresenting the amount of a debt
3. Using false statements in court proceedings
4. Trying to collect a debt after the statute of limitations has passed
If a debt collector has broken the law while collecting a debt from you, you can sue them. Turn the tables and make THEM pay YOU instead of the other way around.
And it's right there in black and white: the evidence that they knew all along they were lying.
When you catch debt collectors in a lie, you've got them over a barrel.
You can sue under the FDCPA, and recover $1,000 statutory damage claim—and in many cases, wipe out the debt forever, never to be heard about again.
Learn how to dispute, and learn how to make them pay for their lies. Ask me how.
The smoking gun is usually right there in the debt collector's files.
They lie about simple things, like due dates, or the amounts owed, or the dates of last payment.
And then we dispute the debt, and find out they knew the truth all along.
How'd we find out?
A properly-worded dispute letter to the debt collector often means they cough up the account statements.
👇
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