Welcome to the BYL Collections blog


 

Zombie Debt

Zombies may have a frightening connotation but for many American consumers, zombie debt is downright terrifying. Haunting individuals who are doing their best to pay their bills on time and rebuild their credit score, zombie debt eats at the brains...

How Letterhead Makes a Difference in Debt Collections

Deceptive or misleading collections tactics are strictly forbidden by the Fair Debt Practices Collections Act (FDCPA). The terms "deceptive or misleading", however, can be challenged if not defined. Some consumers have sued collectors for...

Is a Property Manager Also A Debt Collector?

The Fair Debt Collections Practices Act (FDCPA) was created as a way to protect consumers from fraudulent collections practices. These protections include when and how a debt collector can contact a consumer and the options available to the...

Most Common FDCPA Violations

Debt collectors get a bad reputation for being aggressive and deceitful to individuals who owe a past due bill. What consumers may not know, however, is that there is regulation meant to protect against this behavior. Not only is the debtor...

Why Collection Agencies Get a Bad Reputation

No one likes receiving a call from a bill collector. Even if you recognize that the caller is only doing their job, a debtor will still tense up and get annoyed. Part of the reason for the stressful reaction are the horror stories of threats and...

The FCRA, Credit Reporting & Debt Collection

As a rule, debt collections must be fair and honest per regulatory compliance at the federal and state level. The Fair Debt Collections Practices Act dictates what is construed as abusive and deceitful debt collections practices at the consumer...

Why Does a Collection Agency Have to Comply with the FDCPA?

Dealing with overdue accounts can be frustrating to any business owner, landlord or accounting professional. In some cases, by the time the account reaches a third party debt collection partner, the attempts at collecting may have pushed the...

How to Spot Deceptive Debt Collectors

Within the last month, the Federal Trade Commission announced that it had cracked down on several abusive and deceptive debt collections practices. In November of 2015, the FTC launched Operation Collection Protection to stop and enforce actions...

What is the Fair Debt Collection Practices Act?

In order to understand both the rights of a consumer and the rights of a business hoping to collect on delinquent accounts, you must begin with a definition and a clear understanding of the Fair Debt Collection Practices Act. The FDCPA, passed in...

What to Expect When your Account is in Collections

No one likes to hear that an unpaid debt has been taken over by a collection agency. Many consumers are unsure of their rights, how the collections agency will treat them or if things will get worse if the debt stays delinquent.

Understanding the...