Debt Collection Articles
General Credit related blogs by
Marcadis Singer, PA
Florida Debt Collection Attorneys & Creditors’ Rights.
#2- Defenses To Fraudulent Transfers
Fraudulent transfers can be a difficult obstacle for creditors to overcome. This article explores common defenses raised by debtors and how a creditor’s rights attorney can help with recovery.
Understanding Fraudulent Transfers: #1 in a Series
Learn about fraudulent transfers and how they impact creditors’ rights. This article covers the definition, legal implications, elements, and examples of fraudulent transfers.
Maximizing Creditors’ Recoveries:
Increase your debt collection recoveries with help from a debt collection attorney. Get the professional legal help you need to recover what is owed to you. Learn more now.
Why Timing is Key in Debt Recovery
Businesses that fail to promptly act on debt collection risk not having the funds to operate. With customers who fail to pay on time, businesses can struggle to meet their financial obligations, leading to many problems. By understanding debt collection laws and taking proactive steps to collect overdue payments, businesses can avoid financial hardship and maintain their bottom line.
Proceedings Supplementary – A Creditors’ Rights POV
Stop debtors from avoiding their obligations and get the money your clients are owed! Proceedings Supplementary is an essential tool for attorneys to enforce judgments and collect debts.
Behind the Growing Delinquency Rate for Credit Cards
The rising delinquency rates in the credit card industry and growing demand for debt relief services are concerning trends for both consumers and creditors. As the economy continues to face challenges, seeking assistance from trusted debt relief providers and financial advisors becomes increasingly important.
Benefits of Using a Creditors’ Rights Attorney for Debt Collection
A dedicated Debt Collection attorney can provide the guidance and expertise necessary to protect clients and maximize debt recovery efforts. By partnering with a dedicated creditors’ rights attorney, outside attorneys can improve their success rates and provide better outcomes for their clients.
US CFPB Publishes Final Rule for Small Business
The US Consumer Financial Protection Bureau has issued a final rule mandating covered financial institutions to collect and report data regarding their small business lending activities, in compliance with Section 1071 of the Dodd-Frank Act. The final rule, which was published on March 30, 2023, requires lenders to collect extensive data about the transaction, the small business applicant, and the principal owners of the business. The implementation process will be challenging, particularly for lenders who do not currently comply with the Home Mortgage Disclosure Act reporting requirements. The final rule also includes requirements for protecting sensitive data and avoiding discrimination.
Uncover the Risk of Fraudulent Transfers: A Creditor’s Guide
Creditors faced with the issue of fraudulent transfer must:
Identify fraudulent transfers by investigating financial transactions and relationships
Understand the timing of the transfer and the potential impact on recovery
Evaluate the value of the transferred assets and whether they were made for less than fair market value
Prove intent to defraud by demonstrating that the transfer was made to avoid debt payments
Consider the cost of pursuing fraudulent transfers and the likelihood of success
Paying off debt is top priority for many consumers in 2023
According to a survey, many consumers will prioritize paying off debt in 2023. According to the 2022 Money Trend Report from consumer finance app Cleo, 42% of respondents responded that paying off debt was their top priority in 2022 despite the challenging economic...
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