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Home Daily Digest

Daily Digest – April 9. Judge Partially Grants, Denies Motion for Judgment in FDCPA Letter Case; Credit Score ‘Inflation’ Masking Debt Issues

mikegibb by mikegibb
April 9, 2019
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The Daily Digest is sponsored by Microbilt. Designed to help debt collection professionals, MicroBilt’s platform of recovery and skip tracing tools provide quick, convenient, and current data that help you prioritize and successfully track people down and collect. Keep your skip tracing and debt recovery efficient and effective! Contact us to find out about our 90 Day Try Us Program. Call 800-884-4397 or visit www.microbilt.com.

JUDGE PARTIALLY GRANTS, DENIES MOTION FOR JUDGMENT IN FDCPA LETTER CASE

  • A District Court judge in Illinois has granted in part and denied in part a motion for judgment on the pleadings filed by a defendant as a result of a series of collection letters that were sent seeking repayment of an unpaid debt.

CREDIT SCORE ‘INFLATION’ COULD BE MASKING CONSUMERS’ DEBT REPAYMENT ISSUES: REPORT

  • Ah, the good ole’ days, when a 700 credit score meant something. These days, according to analysts and economists from both Goldman Sachs and Moody’s Analytics, a 700 credit score is just “average” and the financial services industry should be prepared because inflated credit scores are masking individuals’ inability to pay their debts.

TRIAL STARTS IN N.C. COLLECTION SCAM CASE

  • A trial started yesterday in North Carolina as prosecutors are going after two individuals for their roles in an alleged debt collection scam that bilked thousands of individuals out of nearly $6 million.

TELEMARKETERS NOT THE BEST AT TCPA COMPLIANCE: SURVEY

  • More than three-quarters of telemarketing companies admit to not being fully compliant with the Telephone Consumer Protection Act, according to the results of a survey conducted by a compliance monitoring service, and more than half of all companies make calls after 9pm.

PAUL SMITH JOINS PRIORITY RECOVERY SOLUTIONS AS MANAGING PARTNER

  • Priority Recovery Solutions (PRS), a payment processing leader in the Accounts Receivable Management (ARM) industry, announces the addition of Paul G. Smith as managing partner, bringing 25 years of experience to PRS’s payment processing solutions.

WORTH NOTING: Dollar are going further than they used to … Chris Davis has exactly as many hits in his last 49 at bats as I’d have had if I played Major League Baseball … Why Americans are optimistic about the housing market … How to hack the touch screen menus at McDonald’s … How to ask great questions … Why you should wait for a thank you email when conducting job interviews … Today is National Unicorn Day and my daughter couldn’t be more excited … The $10 item that professional organizers can’t live without … The countdown to the “Great North American Eclipse” has started.

Restaurant food myths you should stop believing

Smartphone stress tests

The Daily Digest is sponsored by Microbilt. Designed to help debt collection professionals, MicroBilt’s platform of recovery and skip tracing tools provide quick, convenient, and current data that help you prioritize and successfully track people down and collect. Keep your skip tracing and debt recovery efficient and effective! Contact us to find out about our 90 Day Try Us Program. Call 800-884-4397 or visit www.microbilt.com. 

The Daily Digest is sponsored by Microbilt. Designed to help debt collection professionals, MicroBilt’s platform of recovery and skip tracing tools provide quick, convenient, and current data that help you prioritize and successfully track people down and collect. Keep your skip tracing and debt recovery efficient and effective! Contact us to find out about our 90 Day Try Us Program. Call 800-884-4397 or visit www.microbilt.com.

JUDGE PARTIALLY GRANTS, DENIES MOTION FOR JUDGMENT IN FDCPA LETTER CASE

  • A District Court judge in Illinois has granted in part and denied in part a motion for judgment on the pleadings filed by a defendant as a result of a series of collection letters that were sent seeking repayment of an unpaid debt.

CREDIT SCORE ‘INFLATION’ COULD BE MASKING CONSUMERS’ DEBT REPAYMENT ISSUES: REPORT

  • Ah, the good ole’ days, when a 700 credit score meant something. These days, according to analysts and economists from both Goldman Sachs and Moody’s Analytics, a 700 credit score is just “average” and the financial services industry should be prepared because inflated credit scores are masking individuals’ inability to pay their debts.

TRIAL STARTS IN N.C. COLLECTION SCAM CASE

  • A trial started yesterday in North Carolina as prosecutors are going after two individuals for their roles in an alleged debt collection scam that bilked thousands of individuals out of nearly $6 million.

TELEMARKETERS NOT THE BEST AT TCPA COMPLIANCE: SURVEY

  • More than three-quarters of telemarketing companies admit to not being fully compliant with the Telephone Consumer Protection Act, according to the results of a survey conducted by a compliance monitoring service, and more than half of all companies make calls after 9pm.

PAUL SMITH JOINS PRIORITY RECOVERY SOLUTIONS AS MANAGING PARTNER

  • Priority Recovery Solutions (PRS), a payment processing leader in the Accounts Receivable Management (ARM) industry, announces the addition of Paul G. Smith as managing partner, bringing 25 years of experience to PRS’s payment processing solutions.

WORTH NOTING: Dollar are going further than they used to … Chris Davis has exactly as many hits in his last 49 at bats as I’d have had if I played Major League Baseball … Why Americans are optimistic about the housing market … How to hack the touch screen menus at McDonald’s … How to ask great questions … Why you should wait for a thank you email when conducting job interviews … Today is National Unicorn Day and my daughter couldn’t be more excited … The $10 item that professional organizers can’t live without … The countdown to the “Great North American Eclipse” has started.

Restaurant food myths you should stop believing

Smartphone stress tests

The Daily Digest is sponsored by Microbilt. Designed to help debt collection professionals, MicroBilt’s platform of recovery and skip tracing tools provide quick, convenient, and current data that help you prioritize and successfully track people down and collect. Keep your skip tracing and debt recovery efficient and effective! Contact us to find out about our 90 Day Try Us Program. Call 800-884-4397 or visit www.microbilt.com. 

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