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How Do Debt Collection Companies Operate?

Taurus Collect

If needed, your potential debt collection agency will also access your debtor’s personal banking information to determine whether your debtors have money to repay the debts, including their savings and investment accounts. How do reputable debt collectors operate?

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How To Know the Difference Between Legitimate Debt Collection Company and Scams?

Taurus Collect

On the contrary, a scammer will always force you to use a specific method of payment, like only cash payment or an instant bank transfer. Remember that if the collector is not willing to provide you with the details of your debt, creditor, email address, or other relevant information, that’s a sure sign of a scam.

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Courts close rogue Debt Collection Agency

UK debt collections

Investigators made numerous enquiries and confirmed several instances of misconduct caused by the Company. The scam debt collection firm had been using a bank account that was not in its own name. Global Investigations and Recoveries Ltd also failed to co-operate with the Insolvency Service’s enquiries.

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Tax Season Debt Collection Strategies and Why They Matter

Taurus Collect

But while it can be exciting to think about that refund cheque hitting your bank account soon, there’s another equally pressing reason why you should pay attention this tax season – debt collection! However, dealing with debt collectors can be intimidating if you don’t know how to handle them properly.

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How Collection Agencies Trace a Debtor?

Taurus Collect

However, hiring a reputed debt collection agency will significantly help you as they will use multiple methods to locate your debtors and help you effectively gather your amounts. Here are a few primary resources that a debt collection agency uses to find people: Information on your credit application.

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The Seven Habits of Highly Effective Credit Managers

Debt Recoveries

Hi, my name is Adam Stewart, Debt Collection Expert and owner of Debt Recoveries Australia. Since forming a debt collection company many years ago, I have had the opportunity to meet many small and medium enterprises (SME’s) and company owners and see how they manage their accounts receivable internally.

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Top 3 Advantages of Paying Your Business Debts by Card

Taurus Collect

Libby James, Director of midlands based firm Merchant Advice Service , talks to Taurus Collections about the importance of accepting card payments within Debt Recovery industries. In more recent years, she has coupled with Voice Connect to provide automated IVR telephone payment operations to Debt Collection firms nationwide.

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