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Banks hire 100’s of Debt Collection Agents ahead of Covid Loan repayments

UK debt collections

The UK’s leading High Street banks are strengthening their Debt Collection teams ahead of the emergency covid loan defaults. The UK’s four largest banks are said to have hired over 750 new Debt Collection staff to their debt recovery units in a major challenge facing them.

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TrueAccord Featured in Aite Group’s Spotlight on Disruptive Fintech

True Accord

In a recent report by the Aite Group , TrueAccord was featured in the inaugural edition of the “Retail Banking & Payments Fintech Spotlight” , which highlighted disruptive fintechs with a strong focus on technologies that improve the customer experience. The key differentiator making TrueAccord an innovative fintech disruptor?

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5 Ways to Reduce Your Debt and Avoid Collections

The Kaplan Group

If collection agents like me are calling you, you need to reduce your debt. To avoid your account being sent to collections, you need to find ways to reduce your debt. If others owe you money, send them to collections. A trained collection agent can resolve the issue faster than your staff.

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How To Deal with Debt Collectors When You Can’t Pay

Better Credit Blog

They play with your emotions, tapping into your existing fears and stigmas about debt collection. Agents can simply imply threats, and that’s often enough to prompt payment, such as threatening to call your employer and set up wage garnishment arrangements. Bank Account Information. Never Provide Bank Account Information.

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re:ceeve Partners with Ferratum, Signaling a Shift to a New Standard in Collections

Re:Ceeve

Founded in 2005 and headquartered in Helsinki, they are an international provider of mobile banking as well as digital consumer and small business loans. ?We We are working with their subsidiary, Pactum Collections GmbH ("Pactum"), who are focused exclusively on collections as a master servicer and portfolio manager.

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Debt Collection Horror Stories

National Service Bureau

Here is a summary of bad behavior by collection agencies in the last four years: 2011: The Wall Street Journal reported on a Florida judge who ruled in favor of Linda Long and against an Omaha based collection agency working for Bank of America. in credit card debt from Mrs. Long’s late husband Millard.

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Establishing Standing in a Foreclosure Proceeding

Jimerson Firm

PNC Bank National Association, 239 So. HSBC Bank USA, Nat’l Ass’n, 175 So. Wells Fargo Bank, N.A. Aurora Loan Services, LLC, 163 So. Bank of N.Y. US Bank Nat. Bank of N.Y. Craven-Lazarus v. Pennymac Holdings, LLC, 199 So. 3d 1029, 1030 (Fla. 4th DCA 2016) ; Fielding v. 3d 140 (Fla.