Payment Savvy

OCTOBER 6, 2021

Collection agencies often find themselves in a tough position when attempting to collect on a delinquent account. If they have no prior relationship with the debtor, it can be nearly impossible to get payment from the debtor. Listen to the Debtor. Create a Debtor-Centric Payment Plan.

Collection Agent 52

Collection Agent Debtor Collection Agencies Collections Agency 52

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?

Collection Agent 52

Collection Agent Collections Debt collector Collection Agencies 52

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.

Collections 40

Collections Collection Agencies Collections Agency Collection Agent 40

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 .

Collections 130

Collections Collection Agencies Collections Agency Collection Agent 130

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

Collections 75

Collections Collection Agencies Collections Agency Collection Agent 75

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. Wheeling and Dealing.

Collection Agent 52

Collection Agent Collections Debtor Collection Agencies 52

The Kaplan Group

JUNE 25, 2022

As a commercial debt collection expert with years of experience, I understand the rage you feel when you think about the money you’re owed and the length of time you’ve been waiting for payment – not to mention the deceptive, unethical, illegal moves your debtor has made along the way. On some level, debtors might deserve all that.

Collections 52

Collections Debtor Collection Agencies Collections Agency 52

Debt Recoveries

JUNE 1, 2021

In order to prevent serious cash flow problems before they get started, here are 12 quick tips to collect debts fast and make sure your receivables continue flowing smoothly. . Knowledge is power, and the more you know about your debtors/customers, the more power you have. Our debtors know we will not give up easily.

Collections 59

Collections Debtor Debt Recovery Collection Agencies 59

National Service Bureau

APRIL 6, 2015

Debt collection companies walk a fine line between business efficiency in their primary function (accounts receivable management), while at the same time needing to respect the fact that the debtor is a valuable client to the business for whom they are running collections. 5: Improper contact or sharing of information.

Collection Companies 40

Collection Companies Collections Collection Agent Collection Agencies 40

Stevens Lloyd

JULY 30, 2018

The roles played by Credit Bureaus and collection agencies. there is a wide range of debt collection agencies. Some of these debt collection agencies have branches throughout the country. Due to the nature of their business, debt collection agencies are regulated by federal and state law.

Debt Recovery 40

Debt Recovery Collection Agencies Collections Agency Collections 40

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.

Collection Agent 64

Collection Agent Collections Collateral Loans 64

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?

Collections 64

Collections Collection Agencies Collections Agency Collection Agent 64

Taurus Collect

APRIL 3, 2023

Understanding the UK’s Statute of Limitations on Debt Collection When dealing with international debtors, it is important for companies to understand the limitation laws of the country in which they are collecting money. They also need to be aware of their rights should court proceedings become necessary.

Debt Recovery 52

Debt Recovery Debtor Collections Collection Agent 52

Payment Savvy

JUNE 16, 2020

Remember that there are specific laws regulating communications between a collector and a debtor. For example, the Fair Debt Collection Practices Act (FDCPA) prohibits abusive, deceptive, and unfair practices during debt collection. As such, you want agents to be well-trained before ever speaking a word to a debtor.

Collections 52

Collections Debtor Collection Agencies Collections Agency 52

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.

Debt collector 59

Debt collector Collection Agencies Collections Agency Collection Agent 59

Debt Recoveries

DECEMBER 14, 2020

Slow paying debtors means more cash is locked-up so you cannot use it to pay your own bills and staff; this is usually the biggest contributor to bad cash flow. Debtors paying sooner will create a faster flow of cash so you can reduce your borrowings, or fund growth more easily. Do you have a credit application form?

Debt Recovery 98

Debt Recovery Collection Agent Debtor Collection Agencies 98

The Kaplan Group

NOVEMBER 9, 2020

In collections, we often have to weigh risk and reward and make similar calculations. When trying to decide what the riskier or safer course of action is, we consider not only the amount of money owed, but also the specific debtor company and management, the business sector and the economy in general.

Collections 59

Collections Collection Agent Credit Management Debtor 59

Taurus Collect

JANUARY 14, 2021

We are getting a number of calls from clients asking whether they should be using business debt collectors to pursue debtors on their behalf, in the current climate. It may be sensible for example, to give debtors more time to respond to letters and other issues (perhaps allowing 14 days instead of 7 days).

Debt collector 40

Debt collector Collections Debtor Collection Agent 40

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.

Collections 53

Collections Healthcare Collection Agent Collection Agencies 53

Debt Recoveries

AUGUST 29, 2021

Slow paying debtors means more cash is locked-up preventing you from using it to pay your own bills and staff; this is normally the biggest contributor to poor cash flow. Debtors paying sooner will create a faster flow of cash so you can reduce your borrowings, or fund growth more easily. . Do you have a credit application form?

Debtor 52

Debtor Debt Recovery Collection Agent Collection Agencies 52

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. For more information, click here.

Financial services 52

Financial services Collection Agencies Collections Agency Trade 52

Debt Recoveries

MARCH 26, 2020

Slow paying debtors means more cash is locked-up preventing you from using it to pay your own bills and staff; this is normally the biggest contributor to poor cash flow. Debtors paying sooner will create a faster flow of cash so you can reduce your borrowings, or fund growth more easily. Do you have a credit application form?

Debt Recovery 52

Debt Recovery Debtor Collection Agent Collection Agencies 52

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. Most debtors owe multiple vendors, not just one. We, as collection agents, collect more money and faster when our clients have personal guarantees.

Debt Recovery 40

Debt Recovery Collection Agent Lawyers Collection Agencies 40

FDCPA Defense

APRIL 17, 2019

Instead, the letters had been mailed by collection agencies that had used an attorney’s letterhead in a misleading fashion. 1993), a collection agency sent letters to “approximately one million debtors each year” using a computerized mass-mailing system, on letterhead listing “P.D. In Clomon v. Jackson , 988 F.2d

Lawyers 40

Lawyers Creditor's Rights Law Firms Creditors 40