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Here's What to Do! Have you heard about it? Our resources, including guidance on the CFPBs Debt Collection Rule, can help you understand how debt collection works and what your rights are. Collections on your credit report - Santander Consumer USA SP Processing Inc. is a debt collection agency that emphasizes that they are consumer-minded when dealing with debt collections. Calling Between The Hours Of 9 p.m. - 8 a.m. You should be certain that SP Recovery Services Corp is abiding by the Fair Debt Collection Practices Act (FDCPA), the main law that regulates collection agencies. At SPP Inc. we know life throws challenges at all of us. Gather your own records on the debt, if its yours, including information on the original creditor and your history of payments. Use our visualizations to explore scam and fraud trends in your state based on reports from consumers like you. March 31, 2023. If you have received these forms of contact from SPP Inc. SP Processing and have the ability to resolve your account please feel free to either set up arrangements on your account below. Bill can be reached at [emailprotected]. So are we. Beyond answering listeners' money questions on "Smart Money," Sean also interviews guests outside of NerdWallet and produces special segments to explore topics like the racial wealth gap, how to start investing and the history of student loans. Take time to think through your, options for paying off a debt in collections, Making a single payment even just $5 or $10 is an acknowledgment of the debt and can have serious repercussions. : 182 3125, Competition and Consumer Protection Guidance Documents, An Inquiry into Cloud Computing Business Practices: The Federal Trade Commission is seeking public comments, FTC Lawsuit Leads to Permanent Ban from Debt Relief, Telemarketing for Operators of Debt Relief Scam, Is Franchising Fair? Were here to help clear things up and make sure you feel empowered. Got a Text Message from SPP Inc. SP Processing? This is typically done by your creditor's in-house collection department. Chatzky, J. Develop your Business Unit with improved processes and efficient teams Debt Collection. Holly Vedova, Bureau of Competition. The Fair Credit Reporting Act (FCRA), and the Fair Debt Collection Practices Act (FDCPA).