UK debt collections

JUNE 11, 2021

The High Court has shut down a rogue Debt Collection Agency it has emerged. The Debt Collection Agency spuriously claimed to be able to collect debts from liquidated companies. Global Investigations and Recoveries Ltd would contact creditors of liquidated companies.

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Enterprise Recovery

OCTOBER 23, 2020

If your accounting team outsources its bad debt or unpaid receivables to a collections agency, it's also important to protect your brand. Quite simply, a negative experience with a collections company could sour business relationships and your branding. Does your debt collections company offer brand protection?

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Taurus Collect

JULY 14, 2022

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. Credit bureaus.

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Taurus Collect

JUNE 5, 2019

Let’s go straight in on this one, because we know what makes a good collection agency. So here are 5 tips to choose a good collection agency for your business: Reputation & trustworthiness – always look for an agency with at least 5 years of trading history. How To Find A Good Collection Agency.

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Credits Inc

APRIL 17, 2019

If you've been unsuccessful in collecting the funds, it may be a more effective use of your time to hire an. account receivable collections. agency to focus on collecting the past-due fees for you. In 2016, debt collection agencies were able to recover roughly $78.5 billion in debts. Experience.

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Taurus Collect

JUNE 13, 2022

The debt collection process involves recovering debts from the borrower who has initially failed to repay or recover payments on accounts that are past their due date. When asked about “what collection agencies do?”, However, having a debt collection agency by your side serves you great help. is here to assist!

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Firms

FEBRUARY 27, 2016

Top Complaints of a Debt Collection Agency. In 2015 there were a number of complaints against various debt collection agencies all around the United States. Of these, 1,346 related to credit card collections and 1,057 had to do with healthcare collections. Improper contact or sharing of information.

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Enterprise Recovery

FEBRUARY 18, 2022

Enterprise Recovery is a debt collections agency that specializes in B2B account recovery. We do our best to recover what's owed to hard-working companies so they can retain working capital and continue their successful business ventures.

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Taurus Collect

JULY 19, 2022

While it is highly recommended to select your options quickly and wisely to ensure timely collections, you should consider consulting with a debt collection agency before taking court action against your debtors. Read on to know some factors you should consider when hiring a professional to help you collect your business debts.

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Collection Industry News

DECEMBER 1, 2022

Collections agencies buy your unpaid credit card debt from your card issuer when your balance lingers too long — but that doesn’t mean it goes away. When a collections representative from your credit card issuer calls you, it’s usually because you haven’t made at least the minimum payment for at least 30 days.

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Taurus Collect

SEPTEMBER 20, 2022

Dealing with debt collection issues can be overwhelming, especially when you are unsure if the person contacting you is legitimate or a scammer. When an account becomes past due, your creditor may attempt to collect the amount owed or hire a debt collection agency. A Scammer Will Contact You Before or After Working Hours.

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National Service Bureau

JUNE 10, 2015

In reality, debt collection agencies are the most useful means to get someone who has a legitimate contractual obligation to make good on their promise so that the honest businessman (perhaps yourself or your company) on the other side of the trade doesn’t get left holding the bag. Research the Company.

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National Service Bureau

MARCH 29, 2015

Collection agencies fill an important and necessary role in all sorts of industries - the trick is to find a collection agency that works for you. Click below to read the top three questions to ask yourself when you’re searching for the right partner in debt collection. Is their pricing schedule cost-effective?

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Taurus Collect

MAY 12, 2024

This not only aligns the objectives of the debt collection agency with those of its clients but also reassures clients that they’re entering a risk-free partnership. For a debt collection agency operating in the diverse and dynamic landscape of Manchester, such skills are indispensable.

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Troutman Sanders

OCTOBER 7, 2020

New Mexico’s Attorney General Hector Balderas announced on September 29 that his office has filed three lawsuits against debt collection companies. In his statement , Balderas explained that these lawsuits are part of a larger “crackdown” aimed at educating consumers and eliminating abusive debt collection practices within the state.

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UK debt collections

APRIL 20, 2022

Getting Debt Collection quotes is on the rise in the UK as is the use of debt collection agencies. The first Debt Collection quotes site in the UK was launched in 2013. Best4debtcollection.co.uk (Best4) was launched to marry creditors with suitable debt collection agencies. Underhand yes, illegal no.

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Nexa Collect

JUNE 20, 2020

What happens when they dread pursuing collections because it’s become their full-time job? This is where hiring a collection company to aid in the recovery effort can make sense. Collection companies are not elegant or glamorous, and many have less than a decent reputation. Serving Nationwide. Contact us .

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Firms

MARCH 25, 2016

At FIRMS we realize that some of our potential clients have never worked with a debt collection company before. When to hire a collection agency. Most companies send accounts to a collection agency when they are between 90 and 120 days past due. Choosing a collection agency.

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Taurus Collect

JUNE 16, 2024

Why Compliance and Regulations Matter in UK Lending Understanding the importance of compliance and regulations in debt collection is crucial for debt collecting companies in the UK. They oversee debt collecting companies to ensure fair treatment of customers.

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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.

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Debt Collection Answers

MAY 18, 2023

ARS National Services is a reputable debt collection agency. What is Associated Recovery System Collection? Associated Recovery System Collection, also known as ARS National Services, represents multiple original and third-party creditors. This debt collection company covers all 50 states in the United States.

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Nexa Collect

AUGUST 6, 2020

While it’s smart to initially attempt collection on your own, there’s only so much work you should do. Trying to collect a bad debt is draining on your time and your resources. Eventually, it makes sense to pass the task on to a professional debt collection company. Need a Collection Agency easy to work with?

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Taurus Collect

SEPTEMBER 15, 2022

The harmful or illegal actions of a few unprincipled companies have overshadowed the value and importance of debt collection agencies that diligently return money to their actual owners. Pretend To Work For a Government Agency. They are prohibited from claiming to be working for a consumer reporting agency.

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Taurus Collect

MAY 12, 2024

In this blog post, we will explore six pivotal trends set to dominate the sector in 2024, focusing on how the “no collection no fee” model is transforming debt recovery practices. This scenario presents diverse challenges for debt collection agencies.

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Taurus Collect

FEBRUARY 1, 2024

Understanding the Debt Collection Process The debt collection process typically initiates once a creditor concludes an account is non-performing, meaning the debtor has missed payments for several months. Legal Action : As a last resort, the collection agency may recommend that the creditor take legal action to recover the funds owed.

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UK debt collections

MARCH 16, 2022

They may see a third party debt collection agency as a threat to their position or their ego’s may come into play. It is true to say that not all Debt Collection Agencies are the same and not all Business Debt Recovery services will have the same impact. Why Business Debt Collection Matters.

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American Profit Recovery

JANUARY 18, 2021

As a collection agency working with large businesses and small organizations, we tend to be on the front lines of helping these companies improve cash flow. Using a collection agency should not be the last resort. Finding an agency that understands you need to keep your customers is very important.

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UK debt collections

MARCH 9, 2022

The council has plans to outsource this debt collection service. It intends to use up to two debt collection companies over a three-year period. These debt collection contracts could be extended for a further four years. This highlights the effectiveness of organisations working with Professional Debt Collection Agencies.

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Taurus Collect

MAY 4, 2022

Luckily, hiring a reliable debt collecting agency can serve you great help in cases where you find it difficult to recover your debts. All debt collection agencies should have FCA authority to carry out their business operations legally. Therefore, when searching for a debt collecting agency , ?verify

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Taurus Collect

OCTOBER 21, 2022

This is one of the significant reasons you should not leave any opportunity to receive successful collections. However, it is recommended to take the assistance of a professional debt collection agency in town to ensure successful collections. What are the Workings of Tax Season Debt Collection Strategy?

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Taurus Collect

OCTOBER 20, 2022

Debt collection agencies help alleviate the financial stress of businesses. As a result of these changes, in today’s era, digital debt collection practices aren’t just a necessity but a “must-have” operational model for businesses. At Taurus Collections (UK) Ltd., Maintain Regulatory Compliance.

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Sawin & Shea

JULY 20, 2022

Have you ever been incessantly contacted by a debt collection agency trying to get money from you? It can be difficult to understand just what exactly these agencies are legally allowed to do, and what crosses the line. Businesses or individuals who collect debts on behalf of others are known as debt collectors.

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CSA

NOVEMBER 11, 2020

Debt collection companies who are members of the Credit Services Association (CSA) are signed up to an industry Code of Practice , designed to ensure that customers can be helped along the road to becoming debt free. If a debt is passed to a debt collection agency, we?d debt collection? Once you have engaged, you?ll

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Taurus Collect

FEBRUARY 1, 2024

Simply put, it’s an individual or a debt collection agency in the UK employed by a creditor to retrieve funds that are overdue. Let’s take a closer look at the role of debt collection agencies and what your rights are when interacting with them. So, what exactly is a debt collector? What Is a Debt Collector?

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Firms

MARCH 12, 2016

I had never given the debt collection industry much thought but once I had started doing some investigating into the industry I quickly realized all the ways I could improve upon the experience and services that were being offered by the industry leaders. Calls repeatedly or continuously. We look forward to earning your business.

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Better Credit Blog

APRIL 3, 2022

If you’re reading this article, I bet you’ve recently been contacted by a company called Portfolio Recovery Associates —and you may be wondering how to remove them from your credit report. Portfolio Recovery buys multiple accounts with old debt from companies that have given up and “charged off” the accounts.

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Enterprise Recovery

AUGUST 19, 2022

As a business owner or accounts receivable specialist, you may have some fear around sending an account to a debt collections company. You may also have heard some really bad things about debt collections.

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