Daily Digest – March 14. Credit Bureaus Removing Liens, Judgments From Reports; Banned Collector Caught Running New Agency

FREE WEBINAR: How to Beat Professional and Pro Se PlaintiffsThursday, March 23 @1pm EDT. Join a panel of legal heavyweights — David Kaminski, Manny Newburger, Amy Jonker, and John Bedard as they share stories and strategies to help collection agencies defend against professional and pro se plaintiffsSponsored by WebReconREGISTER NOW.

The Daily Digest is sponsored by TCN, a leading provider of cloud-based call center technology for buy Windows 10 Professional product Key enterprises, contact centers, BPOs, and collection agencies worldwide. 

CREDIT BUREAUS REMOVING LIENS, JUDGMENTS FROM CREDIT REPORTS

  • Experian, Equifax, and TransUnion have agreed to remove civil judgments and tax liens from the credit reports of individuals starting July 1, according to a report. A lack of complete identifying information of the individual, such as name, address, Social Security number, and date of birth, on liens and judgments is being cited as the reason behind the decision. The decision is expected to raise the credit scores of 12 million individuals in the U.S., which represents about 6% of those who have credit scores.

MKT-193_AD_Competitor-Rebuttle

BANNED COLLECTOR GETS CAUGHT RUNNING NEW AGENCY 

  • Being banned for life from the debt collection business was not enough to keep Nelson Macwan away. The Illinois man is facing charges for running an illegal debt collection operation. Macwan was banned from the industry back in 2012 as a result of a lawsuit against his former company, but Macwan started up a new microsoft10.com company, New Britain Financial, and has deposited nearly $2 million into his bank account, while racking up more than 100 consumer complaints nationwide.

CITY TO RE-UP CONTRACT WITH AGENCY EVEN THOUGH RECOVERY RATE IS NOT AS GOOD AS OTHER CITIES

  • The city of Vacaville, Calif., is planning to extend a 15-year partnership with Credit Bureau Associates for two more years, even though the recovery rate is lower than has been reported by other cities. CBA is recovering about 20% of unpaid fees from city residents, compared with 23% in neighboring cities. The discrepancy is likely due to the city not engaging in any collection efforts prior to referring the account to the collection agency, according to a report.

WORTH NOTING: Sound waves can be used to hack phones … The Congressional Budget Office scored the Republican’s replacement to the Affordable Care Act. Here are the highlights … A four-year old girl walked five miles through the Siberian countryside to help her sick grandmother … Small business remain very optimistic about their futures thanks to expectations about reduced regulations … The new CEO of Yahoo — a man — will make twice as much as the previous CEO — a female … Despite claims from Kellyanne Conway, a microwave can not be used as a spy tool …  How to be absolutely fearless at all times … Paying your respects, from the comfort of your car … The cities with the best quality of life.

Fight breaks out at a car race

How to survive a zombie apocalypse

If you have a tip or item you would like to share, or are interested in sponsoring the Daily Digest, please contact me at [email protected].

The Daily Digest is sponsored by TCN, a leading provider of cloud-based call center technology for enterprises, contact centers, BPOs, and collection agencies worldwide. 

Check Also

Daily Digest – May 30. Suit Accuses Collector of Failing to Honor Agreement; Judge Grants MSJ For Defense Over Disputed Debt

LAWSUIT ACCUSES COLLECTOR OF FAILING TO HONOR AGREEMENT BECAUSE PAYMENT WAS TWO DAYS LATE A …

Leave a Reply

Your email address will not be published. Required fields are marked *

X