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Exclusive Survey Insights on The Impact of High Days Sales Outstanding

The Kaplan Group

Manufacturing firms, especially those engaged in international trade, face similar challenges. When invoices become significantly overdue (90+ days), payment plans (51%), collection agencies (50%), and legal action (50%) proved equally effective.

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How to Remove TransWorld Systems From Your Credit Report

Better Credit Blog

If you fall into hard times, the inability to pay off your credit card bills or student loans can result in your debts being transferred to a debt collection agency. In fact, they are a multifaceted company that can be a part of the debt collection process in the early stages (pre-charge of recovery) or the post-collection stage.

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Albright Named to Independent Standards Board

Collection Industry News

Wednesday, April 7, 2021-Chicago- Commercial Collection Agencies of America is proud to announce the appointment of Mr. Kurt Albright to the Independent Standards Board effective immediately. A list of certified agencies and affiliate members can be found at: www.commercialcollectionagenciesofamerica.com.

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Phantom Debt Collections: Miscreants in the Industry

National Service Bureau

Like any industry, the debt collection and accounts receivable management industries have some bad apples. The latter are obviously people and organizations that you would want to avoid should your business need assistance with collecting on delinquent accounts.

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Thriving In Third Party Debt Collection: An Interview with John Bedard

PDC Flow

These compliance and defense litigation skills applied nicely to the accounts receivable management industry. . What made you decide to focus your practice in financial services and more specifically in the debt collection industry? My bosses encouraged me to join several industry trade groups.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

The plaintiffs, who include landlords and real estate trade associations from Alabama and Georgia, argue that the CDC exceeded its authority by imposing the ban. The law does not impact most third-party collection agencies, but it does impact some creditors and debt buyers. For more information, click here. On June 29, the U.S.

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The State of Small Business Debt in 2024: Insights from Global Data

Burt and Associates

The Rise in Business Borrowing The Global Findex Database reports that in 2021, nearly 45% of small businesses relied on credit to finance operations , with many turning to banks, alternative lenders, and trade credit. Trade Credit : Suppliers extend longer payment terms , leading to higher outstanding receivables.