Nexa Collect

JUNE 20, 2020

The debt collection process for businesses also depends on B2C or B2B debt. Need a Collection Agency for your Business? These are some of the things a collection agency can do for you: Take over delinquent clients and let you concentrate on growing your business. Serving Nationwide. Contact us .

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Payment Savvy

JANUARY 7, 2021

When an account goes past due, many send the account to a reputable and compliant collection agency to obtain monies on their behalf. Even during debt collection, agencies should deliver exceptional customer service and, ultimately, end the relationship with a satisfied customer. Treat Customers with Respect.

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Account Recovery

AUGUST 19, 2024

Bill Banning Social Media Debt Collection Passes N.Y. Kathy Hochul, that if signed, would prohibit the use of social media platforms to collect debts, for creditors or the collection agents working on their behalf. Collection agencies must be prepared to handle an increase More details here.

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Account Recovery

AUGUST 19, 2024

Bill Banning Social Media Debt Collection Passes N.Y. Kathy Hochul, that if signed, would prohibit the use of social media platforms to collect debts, for creditors or the collection agents working on their behalf. Collection agencies must be prepared to handle an increase More details here.

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Payment Savvy

OCTOBER 6, 2021

Collection agencies often find themselves in a tough position when attempting to collect on a delinquent account. However, there are some things that collection agencies can do to promote repayment quickly. Collection agents should listen to what the debtor has to say. Listen to the Debtor.

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Better Credit Blog

APRIL 4, 2022

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. A call from a debt collection agency will include a series of questions.

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Debt collector Fair Debt Collection Collection Agencies Collections Agency 116

Direct Recovery

MARCH 27, 2020

If that should happen, what changes would we be likely to see to the California debt collection landscape? The most obvious result of a new law requiring licenses for debt collection agencies would be an immediate increase in the level of protection that the state of California would be offering to its residents.

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UK debt collections

JUNE 8, 2022

Letters being sent by a Debt Collection Agency to drivers who fail to pail Tyne Tunnel fees are “initimidating and misleading” debt charities have warned. The Debt Collection letters advise of potential fines and even criminal convictions. The initial penalty is £60 on top of the original £1.90

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The Kaplan Group

JUNE 25, 2020

Commercial collection agencies like ours specialize in collecting on B2B debt. If your business is getting calls from a collection agency, you may wonder how this will affect your business credit. Like personal debt, being sent to collections can affect your credit rating. Why Worry About Your Credit Rating?

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Collections Collection Agencies Collections Agency Collection Agent 64

The Kaplan Group

JULY 15, 2020

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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Direct Recovery

APRIL 18, 2023

Of course, there is also the fact that you’re probably more concerned with running your own business than collecting from a failed one. That’s why many small business owners prefer to hire commercial debt collection agencies to manage collections on their behalf. What is Commercial Debt Collection?

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Direct Recovery

JUNE 7, 2022

Getting hassled about an outstanding collection account over social media is the last thing any consumer wants to deal with. Still, many collection agents argue that it is the most productive means of communication in 2022. Consumers also have the option to opt out of any form of communication with a debt collection agency.

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National Service Bureau

APRIL 6, 2015

That is why it is so important for organizations to choose a collection agency that falls on the right side of the fence in what is otherwise a huge grey area. With that in mind, here are the top 4th, 5th, and 6th most prevalent complaints against debt collection agencies in 2014: #6: Taking or threatening to take an illegal action.

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National Service Bureau

MARCH 29, 2015

According to the Consumer Financial Protection Bureau there were 38,751 Debt Collection complaints filed in 2014, a 67% increase from the average rate in 2013. This is why it is so important to choose a collection agency that strikes the right balance between collection efficiency, ethical behavior, and respect for the creditor’s clientele.

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Credit Management Company

OCTOBER 5, 2018

According to a survey from ACA International’s Ernst & Young , the federal government collected $852 million in taxes from the industry in 2016. State and local governments collected $652 million, paying for things like: Transit infrastructure. Collection efforts are not a zero sum game. Public utilities. Medical care.

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Direct Recovery

JANUARY 17, 2021

There is no shortage of ways in which the COVID-19 pandemic has changed the way business is done around the world in 2020, and that is definitely true for anyone operating in the collections industry. Let’s break down some of the things top agents are doing to get the job done. Understanding the Situation. Keep Detailed Records.

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The Kaplan Group

JANUARY 19, 2021

With the new rules, collection agencies can contact consumers more frequently. They can place up to seven debt-collection phone calls per week (and under some circumstances even more), as well as send an unlimited number of text and email messages and private social media posts. But be warned, it’s 653 pages.

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Debt Recoveries

DECEMBER 14, 2020

Have a dedicated, debt collection agency on call, as part of your accounts receivable process. Get your collection agent to conduct a credit report on potential clients. Accept payment via as many channels as possible, ensure you have EFT (electronic funds transfer), take credit cards, cash, cheques, etc.

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CSA

MARCH 24, 2021

Creditors and collections agencies have continued to signpost customers towards independent and free debt advice throughout this period, and with StepChange Debt Charity marking the week of 22 March as ? with creditors and collections agencies to the wider public on a larger scale. early engagement?

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Credit Management Company

DECEMBER 20, 2018

Patient collections can be a challenge any time of the year, but are particularly stressful during the Holiday season. Some collection agencies make the mistake of pausing collection efforts during this time of the year to avoid increasing tension between the healthcare provider and the patient. Timing is Everything.

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Collection Industry News

JUNE 24, 2023

Risk mitigation strategies in debt collection are measures and practices implemented by collection agencies or creditors to minimize potential risks associated with debt collection activities. Here are some common risk mitigation strategies in debt collection: 1.

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FFGN COLLECT NY

APRIL 20, 2021

You receive a callback but the person calling you is not from the firm that filed the suit, but rather is from a collection agency that claims they have authority to negotiate on behalf of the creditor. Once you receive this, you know that any settlement negotiated with the collection agency is valid. What should you do?

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Better Credit Blog

DECEMBER 2, 2020

We’ll tell you a little more about Atlantic Credit, how debt collection works, and what you can do to get the collections agency off your credit report, stopping their calls in the process. However, Atlantic Credit & Finance, LLC, is a legitimate debt collection agency. What Is Atlantic Credit & Finance?

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Debt Recoveries

MAY 14, 2023

As a debt collection expert, it’s evident that outsourcing debt recovery to a professional debt collection agent has become increasingly popular among smart companies. Here are 6 reasons why: Reason #1 – Outsourcing debt collection reduces costs.

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Debt Recoveries

JUNE 1, 2021

This decision is much easier if you make it in advance and include it in your billing and collection plan. It should state exactly how long you should wait before you outsource to a debt collection agency ( we recommend no more than 30 days). . Outsource Fast to A Debt Collection Agent. Summary .

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Stevens Lloyd

JULY 30, 2018

The roles played by Credit Bureaus and collection agencies. The information provided by the databases helps to determine if there is a need to initiate the collection process or start litigation. there is a wide range of debt collection agencies. Collecting debts from the USA is not an impossible task.

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Direct Recovery

APRIL 16, 2023

What Can Collection Agencies Do? No matter how these scenarios ultimately play out, there is no avoiding the problem of having less overall money available to be collected by reputable agents. If we dig down another level, higher vehicle prices might incentivize some consumers to skip driving altogether.

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Sawin & Shea

FEBRUARY 1, 2023

Under the FDCPA (Fair Debt Collection Practices Act), third-party debt collection agents are not allowed to contact you asking for payment once you have filed for bankruptcy. The Indiana bankruptcy attorneys at Sawin & Shea , LLCpursue collection agencies who violate the FDCPA law, during and after your bankruptcy case.

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The Kaplan Group

NOVEMBER 9, 2020

Knowing more about how a collection agency views the balance can help you make your decisions with more confidence. The post Risk & Reward: A Collection Agent’s Point of View appeared first on The Kaplan Group. The investment of time and money is just not as obvious for them.

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The Kaplan Group

JUNE 25, 2022

And as any seasoned collection agent will tell you, this isn’t the state of mind that leads to a good outcome. If your purpose is to collect thousands, even millions in commercial debt, the right way involves seeking out a partner who can turn frustration into results. Wait a minute.

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Troutman Sanders

JUNE 21, 2023

State Activities: On June 16, Nevada Governor Joe Lombardo approved SB 276 as an update to the state’s Collection Agency Licensing Act. Originally adopted in 1969, the act provides for the licensure and regulation of collection agencies and collection agents.

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PDC Flow

MARCH 16, 2021

Your payment collection agents have a lot of customer communication tasks to juggle on a daily basis. Moving from paper notices to electronic invoicing and payment collection can alleviate some of the uncertainty that many businesses currently experience – especially if the technology keeps your staff informed and in control.

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Payment Savvy

JUNE 16, 2020

As we celebrate our tenth anniversary, providing payment solutions to collection agencies , we hope to provide more insightful and educational content for you moving forward into the next decade. Following this advice will hopefully result in successful repayment terms on an account. The Payment Savvy Difference.

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Debt Recoveries

NOVEMBER 13, 2020

Even if the business cannot pay immediately, having a guarantee makes it more likely the guarantor will talk with you, or your collection agency. We, as collection agents, collect more money and faster when our clients have personal guarantees. Most debtors owe multiple vendors, not just one.

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Re:Ceeve

JULY 21, 2020

“Software is capable of delivering extensive gains before you need to even consider debt collection agents!”. Debt collection isn’t a media darling, and you rightfully may know very little about it. Regardless of what experience you may have had with debt collection, you probably know even less about the players in this segment.

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Debt Recoveries

AUGUST 29, 2021

Have a dedicated, reliable, debt collection agency on call, as part of your accounts receivable process. . . Get your collection agent to conduct a credit report on potential clients. Accept payment via as many channels as possible, ensure you have EFT (electronic funds transfer), take credit cards, cash, cheques, etc.

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Debtor Debt Recovery Collection Agent Collection Agencies 52

Debt Recoveries

MARCH 26, 2020

Have a dedicated, reliable, debt collection agency on call, as part of your accounts receivable process. Get your collection agent to conduct a credit report on potential clients. Accept payment via as many channels as possible, ensure you have EFT (electronic funds transfer), take credit cards, cash, cheques, etc.

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Debt Recovery Debtor Collection Agent Collection Agencies 52