ANSWERING CREDIT REPORTING QUESTIONS ABOUT SOL, CREDIT REPAIR ORGS, HOW TO REPORT PAID ACCOUNTS
- The statute of limitations is quite the kettle of fish for companies in the accounts receivable management industry. Determining which particular statute of limitations from which state applies is usually about as straightforward as getting through a maze. When it comes to furnishing information to a credit reporting agency, it gets even more complicated.
BILL INTRODUCED IN HOUSE TO PROHIBIT COLLECTION OF TIME-BARRED DEBT
- A bill has been introduced in the House of Representatives that would amend the Fair Debt Collection Practices Act to prohibit the collection of any debt for which the statute of limitations has expired.
JUDGE DENIES DEFENDANT’S MSJ IN FDCPA CASE SEEKING TO COLLECT ON CANCELED DEBT
- Do you still have copies of your policies and procedures lying around from 2005? One creditor is running into some legal trouble because it doesn’t. A District Court judge in Wisconsin has denied a defendant’s motion for summary judgment after it was sued for allegedly violating the Fair Debt Collection Practices Act because it attempted to collect on a debt that may have been forgiven more than 12 year ago.
JUDGE DISMISSES FDCPA SUIT OVER DEBT OWED TO AIR AMBULANCE SERVICE
- A District Court judge in Alabama has dismissed a case in which a plaintiff claimed he was not responsible for an air ambulance bill because he was in a coma and did not agree to pay for the flight, ruling that the statute of limitations to sue the collector attempting to collect on the bill had expired.
RMAI BRINGS BACK ANNUAL CONFERENCE WITH NUMEROUS NETWORKING OPPORTUNITIES
- We’re back! And once again the RMAI Annual Conference is your networking destination. A little over a year ago, just before the COVID-19 pandemic hit, more than 1,300 attendees enjoyed meeting, greeting, and making and building connections at the RMAI 2020 Annual Conference.
WORTH NOTING: RIP to one of TV’s best current grandfathers … They couldn’t think of a better way to name their plays? … One major financial institution is banning Zoom meetings on Fridays as part of a plan to help employees … The great Grape-Nuts shortage is officially over … The pandemic has caused a spike in the number of people cracking and chipping their teeth … Why you stay up late, even when you know you should be in bed … Cinnamon Toast shrimp? … A lot of people are booking summer vacations.
How to use your freezer to lower your grocery bill
A lot of people have gained weight during the pandemic
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