Cornerstone Support Navigates Licensing Regulations for Debt Collectors

Licensing mishaps can help consumers avoid payment

ROSWELL, GA – 12-08-2017 (Press Release Jet) — Not being properly licensed in each state can lead debt collectors, debt buyers, mortgage servicers, mortgage originators and attorneys into legal trouble. It can also give consumers wriggle room to get out of paying a debt.

Cornerstone Support Inc. helps debt collectors, debt buyers, mortgage servicers, mortgage originators and attorneys comply with each state’s licensing requirements so that they can complete the job they are contracted to do.

Each state has the right to enact its own set of collection laws and the requirements vary by state. Some states give exemptions from licensing requirements to out-of-state collection agencies and debt buyers, as well as collection law firms, but that’s not the case in every state.

The Better Business Bureau and numerous media outlets tell consumers contacted about a debt to make sure that the company collecting the debt is licensed to do business within their state. Collection agencies have been sued for attempting to collect debts in states in which they are not properly licensed. 

Cornerstone Support provides licensing services for debt collectors, debt buyers, mortgage servicers, mortgage originators and attorneys.  Its dedicated team is committed to ensuring a successful future for businesses by making sure they are properly licensed and bonded. The company has a twenty year history of ensuring collection agencies, debt buyers and attorneys work in compliance with state and federal regulations.

Cornerstone Support is the premier state licensing and insurance provider in the industry, having partnered with thousands of agencies. The company’s representatives are eager to talk to those in the industry about how Cornerstone can develop and implement a successful risk management strategy for their business.

Outsourcing licensing, compliance, and commercial insurance allows agencies to devote their valuable energy and resources to more important things, like running their business. 

“Agencies seeking nationwide compliance can run into what seems like a gauntlet of regulations,” said Paul McCranie, Cornerstone Support’s founder and president. “We help debt collectors maneuver through that gauntlet so that they can stay in compliance and collect the money owed.”

For more information about Cornerstone Support Inc., visit its website at http://cornerstonesupport.com or call 1-888-649-8984.

CONTACT: Anna Overly
70 Mansell Court, Suite 250
Roswell, GA 30076
1.888.649.8984
[email protected]
http://cornerstonesupport.com

Media Contacts:

Company Name: Cornerstone Support Inc
Full Name: Anna Overly
Phone: 1-888-649-8984
Email Address: Send Email
Website: http://cornerstonesupport.com

For the original news story, please visit https://pressreleasejet.com/news/cornerstone-support-navigates-licensing-regulations-for-debt-collectors.html.

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About the Author: Carrie Brunner

Carrie Brunner grew up in a small town in northern New Brunswick. She studied chemistry in college, graduated, and married her husband one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children. Carrie writes mostly on provincial stories.
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