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Commercial debt collectionagencies can be tremendously effective partners for almost any small business that offers credit to their customers. To be perfectly honest, there is not much that a commercial debt collectionagency can’t do to help improve your company’s cash flow.
Commercial collectionagencies like ours specialize in collecting on B2B debt. If your business is getting calls from a collectionagency, 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?
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 collectionagencies to manage collections on their behalf. What is Commercial Debt Collection?
This makes going to court an even riskier move as we don’t know if the debtor will still be in business 2 years from now when we finally have the judgment. They understand that debt collection litigation is just another business investment opportunity, and they should proceed whenever it meets their standard investment criteria.
We’ll tell you a little more about Atlantic Credit, how debt collection works, and what you can do to get the collectionsagency off your credit report, stopping their calls in the process. However, Atlantic Credit & Finance, LLC, is a legitimate debt collectionagency. What Is Atlantic Credit & Finance?
The roles played by Credit Bureaus and collectionagencies. 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 collectionagencies. Collecting debts from the USA is not an impossible task.
The attorney gets to decide, in consultation with the client, and based on the attorney’s professional judgment, what to review and how long to review it before sending a demand letter. Instead, the letters had been mailed by collectionagencies that had used an attorney’s letterhead in a misleading fashion. In Clomon v.
Miller, a Kenmore debt collector, is under investigation by federal Homeland Security Investigations agents for alleged wire fraud in connection with unlawful debt collecting. Agents seized $90,385 from Miller in 2020 while executing a raid at a Kenmore home he owns. Provided by Mark M. John Hickey.
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