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List of collection agencies in Virginia
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- Portfolio Recovery Associates (PRA) : Norfolk
- Kinum : Virginia Beach
- Creditors Service Agency Inc : Lynchburg
- Complete Collection Services Inc (CCS) : Springfield
- Creditors Collection Service (CCS Roanoke) : Roanoke
- Receivables Management Consultants (RMC) : Springfield
- Nationwide Credit Corporation (NCC) : Alexandria
- Credit Adjustment Board (CAB) : Richmond
- J.L.Walston and Associates (JLW) : Emporia
- AMCOLLECT/American Collections Enterprise Inc (ACEI) : Alexandria
- Suburban Credit Corporation (SCC) : Alexandria
- Piedmont Credit & Collection Services (PCCS) : Danville
- Credit Control Corporation (CCC) : Newport News
- The Focused Group : Richmond
- The Law Office of John P. Frye : Roanoke
- Dominion Law : Virginia Beach
- United Consumers Inc (UCI) : Woodbridge
- Collection agencies in Chesapeake
Debt Collection Laws in Virginia
- Fair Debt Collection Practices Act (FDCPA): Like all states, Virginia is subject to the federal Fair Debt Collection Practices Act. The FDCPA applies to third-party debt collectors and prohibits them from using deceptive, abusive, or unfair practices when collecting a debt.
- Virginia Consumer Protection Act: The Virginia Consumer Protection Act is a state law that, among other things, protects consumers from fraudulent, deceptive, and illegal business practices, including those by debt collectors. While it does not specifically address debt collection, some of its provisions may apply to debt collection practices.
- Statute of Limitations: In Virginia, as of 2021, the statute of limitations for written contracts is 5 years, and for open accounts (such as credit cards) and oral contracts, it is 3 years. Once this period has passed, debt collectors cannot sue to collect the debt. Note that acknowledging the debt or making a payment can restart the statute of limitations.
- Wage Garnishment: In Virginia, if a creditor obtains a judgment against a debtor, they may be able to garnish wages. However, there are limits on how much can be garnished. Federal law limits garnishment to the lesser of 25% of disposable earnings or the amount by which weekly disposable earnings exceed 30 times the federal minimum wage, and Virginia generally follows these limits.
- Bank Account Levies and Property Liens: After obtaining a judgment, a creditor may seek to levy a debtor’s bank account or put a lien on property. However, Virginia law provides certain exemptions that may protect a portion of the debtor’s assets.
- Communication with Debt Collectors: Under the FDCPA, debt collectors are subject to restrictions on their communication practices. For example, they cannot contact debtors at inconvenient times, harass them, or communicate with third parties about the debtor’s debt without permission.
- Exemptions: Virginia law provides various exemptions to protect a debtor’s property from being seized to pay a judgment. This includes exemptions for homesteads, personal property, wages, and certain types of income such as social security and retirement benefits.
- Licensing: As of 2021, debt collectors operating in Virginia must be licensed and bonded.
Because laws can change and the information I provided may no longer be accurate, it is important to consult a lawyer or legal aid organization to get the most current information and advice on dealing with debt collectors in Virginia.
A complete list of federal laws to be followed by all collection agencies in USA are listed here: Debt collection laws
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