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Why Your Business Should Consider a Commercial Collection Agency for Account Receivables

Debt RR

Enter commercial collection agencies—specialized firms that can play a pivotal role in optimizing your AR functions. Here’s why and how partnering with a commercial collection agency can be a game-changer for your business. What is a Commercial Collection Agency?

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Is Invoice Factoring Good for Your Company?

Nexa Collect

Instead of having to wait 30, 60, or 90 days for your customers to satisfy their invoices per your terms, you can collect the money immediately. Your creditworthiness isn’t a factor when you apply for invoice factoring. Factoring companies aren’t collection agencies. Approval Is Relatively Easy.

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Dealing with Debt Collectors

Debt Free Colorado

When collecting a debt from you, collection agencies must adhere to federal and state rules. Fortunately, the federal Fair Debt Collection Practices Act (FDCPA) protects all states. The Fair Debt Collection Practices Act (FDCPA) does not apply to original creditors or cover company obligations.

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How to Reduce Your Collection Cost and Boost Your Cash Flow

Taurus Collect

This introductory guide aims to explore the mechanics of No Cure No Pay debt collection and its potential to revolutionise financial management strategies for businesses across the UK. The Collection Conundrum: Details and Challenges Understanding collections goes beyond a simple “payment is due” notification.

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How to get paid faster

On Guard

Checking customer creditworthiness. It also doesn’t hurt to check the creditworthiness of new customers. All kinds of smart tools are now available that continue to monitor the creditworthiness of customers throughout the year. Good insight doesn’t stop with determining creditworthiness. Gaining good insight.

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How Do Collections Accounts Affect Your Credit?

Taurus Collect

If you fail to pay back your creditor or lender or miss out on instalments regularly, they may resort to a debt collection agency or sell your account to a debt buyer. Then, the debt collection agency will pursue you to recover the money from you, and you are legally obliged to make the payment.

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New federal rule removes medical debt from credit reports

Collection Industry News

The bureau reports that, even though it leads to thousands of denied loan applications annually, medical debt is a poor predictor of a borrowers creditworthiness. They may attempt to collect payment through letters, emails or phone calls. After several months of non-payment, however, they may sell your debt to a collections agency.