Nexa Collect

FEBRUARY 3, 2022

An average collection agency will recover about 20% of the total debt assigned. Here are the most important factors which decide how much a collection agency will collect for you: 1. Debtors are less likely to pay when they feel threatened. Is your debt primarily Commercial (B2B) or Consumer (B2C).

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Nexa Collect

MARCH 12, 2021

Debt collection agencies in PR include Kinum , TSI , CICA, ILCA and Professional recoveries. Spanish and English-speaking debt collectors are required for Puerto Rico debt collection. Need a Collection Agency in PR? Puerto Rico is one of the states that regulate the collection of fees and interest.

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Nexa Collect

JANUARY 24, 2022

The best time to assign an account to a collection agency is when the debt is right around 90 days past due. You have given your debtor at least three billing cycles to pay the bill and resolve any billing disputes that may have occurred. Paying your bill is clearly not a priority in your debtor’s mind by now. (

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Nexa Collect

AUGUST 8, 2020

Collecting outstanding debt isn’t an easy process. Companies will generally try to collect on their outstanding accounts internally before passing their most egregious cases on to an external debt collection agency. Are collection agencies effective enough to warrant their fees? But how wise is this?

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Nexa Collect

JULY 28, 2020

Collecting outstanding debt isn’t an easy process. Companies will generally try to collect on their outstanding accounts internally before passing their most egregious cases on to an external debt collection agency. Are collection agencies effective enough to warrant their fees? But how wise is this?

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Nexa Collect

JANUARY 12, 2022

If you plan to outsource your accounts receivable to an aggressive collection agency, then kindly read this article and be aware of all the risks you are taking. Times have changed when collectors could easily put aggressive pressure on debtors or use forceful tactics to recover your money, without any repercussions.

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Taurus Collect

JULY 14, 2022

Moreover, the older the obligations get, the harder it is to collect the payment. 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. Phone books. State motor vehicle department. Credit bureaus.

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Nexa Collect

MAY 16, 2021

A collection agency can work with your employee professionally and legally to ensure that you get your money back. Need a collection agency? A standard practice among all good collection agencies is to use the Skip Tracing service to find out the latest whereabouts of the debtor or the offender.

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Nexa Collect

DECEMBER 27, 2020

It is a common practice for police and regional transport authorities to hire a collection agency to recover these unpaid debts. Need a Collection Agency for Unpaid Tickets? Courts and law enforcement agencies charge the original fine plus late penalties once an account is forwarded to collections.

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Nexa Collect

NOVEMBER 26, 2022

As per FTC, starting June 9, 2023 all collection agencies will be treated as financial institutions. This means all collection agencies must secure consumer data nearly the same way as banks. Failure to comply with GLBA can have severe consequences for the collection agency, especially the owners and/or the CEO.

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Nexa Collect

JUNE 19, 2020

These receivables are usually B2B accounts that require commercial debt collection. A collection agency with its three-step collection process can assist businesses to recover money in an amicable manner. Need a collections agency for your business: Contact us. Written Notices sent by a Collection Agency.

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Nexa Collect

OCTOBER 2, 2020

Not getting paid on time can quickly restrict your cash flow, that’s why hiring a collection agency when an account is 60 days past due is absolutely the right choice. A collection agency can offer a flat-fee collection package or contingency based collections. Need a Collection Agency?

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Direct Recovery

JULY 31, 2024

Commercial debt collection agencies 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 collection agency can’t do to help improve your company’s cash flow.

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Nexa Collect

JULY 2, 2020

Need a Collection Agency for your Lab: Contact us. The best way for medical testing laboratories to deal with patient AR problems is to hand the accounts over to the professionals and hire a laboratory collection agency. Written Notices sent by a Collection Agency. A debt collector calls debtor many times.

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UK debt collections

FEBRUARY 9, 2022

Whilst the UK struggles to recover from the pandemic , its never been a better time for Businesses to use a Debt Collection Agency. Debt Collection Agencies do not just act for Businesses, there are many Debt Collection Agencies for individuals also. The cost of using a Debt Collection Agency can vary.

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Debt RR

JULY 2, 2024

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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Account Recovery

OCTOBER 9, 2024

has been sentenced to 21 months in prison for her involvement in a fraudulent debt collection scheme that bilked victims out of more than $2 million. Arcara, marks another chapter in the ongoing crackdown of an illegal debt collection ring that has landed a handful of others in jail. Erica Lounsberry, 37, of Niagara Falls, N.Y.,

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Taurus Collect

NOVEMBER 15, 2023

Dealing with a collection agency can often feel like navigating a maze, especially when there seems to be a change in your account’s open date. If you’ve found yourself in this situation, you’re likely asking, “Can a collection agency change an account’s open date?”

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Taurus Collect

DECEMBER 18, 2023

This is where a commercial debt collection agency comes into play. One of the key trends in this industry is the ‘no collection no fee debt collection’ approach, a cost-effective solution for businesses grappling with unpaid debts. Transparency : Transparency in fees and collection practices is crucial.

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Taurus Collect

APRIL 9, 2024

This is particularly true in the realm of business debt collection in the UK, where unpaid invoices can quickly become a thorn in the side of your financial stability. That’s where the principle of ‘ no collection no fee debt collection ‘ services becomes a game-changer for many.

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FFGN COLLECT NY

JUNE 14, 2023

When a debtor owes a creditor money and the creditor is seeking assistance collecting the amount owed, the creditor can either use a collection law firm or a collection agency. Law firms and collection agencies serve the same purpose initially.

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Taurus Collect

JANUARY 10, 2024

In such circumstances, resorting to a commercial debt collection agency becomes not just an option, but a necessity. A popular choice among UK businesses is a “ No Cure No Pay ” debt collection service. This model ensures that you only pay if the agency successfully retrieves your debts.

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Nexa Collect

JUNE 10, 2023

AI, or artificial intelligence, has the potential to impact the field of debt collection significantly. Debt collection involves pursuing individuals or businesses to repay outstanding debts. Data Analysis: AI can analyze vast amounts of data to assess a debtor’s financial situation, payment history, and behavior patterns.

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Taurus Collect

OCTOBER 30, 2023

Understanding the art of debt collection can be a challenging task for any business, especially when the debtor refuses to pay despite many reminders. In such situations, engaging a collections agency becomes inevitable. Continual Updates: Choose an agency that offers regular updates on the progress of your case.

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Taurus Collect

OCTOBER 30, 2023

If you find yourself in this predicament, it might be time to consider engaging the services of a third-party collection agency. One popular model attracting businesses is the ‘debt collectors no win no fee’ approach, which ensures that you only pay when the agency successfully recovers your debts.

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Collections Law

MARCH 6, 2023

If you’ve already contacted your delinquent debtor to persuade them to pay but they won’t, you don’t need a collection agency. All a collection agency can do for you is contact the debtor over and over until something happens. How are we different from a collection agency? Cohen LLC.

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Taurus Collect

JUNE 15, 2023

Are you a business owner struggling to properly manage accounts receivable and collect past-due payments? It’s no surprise that debt collection is an increasingly competitive field, so understanding and leveraging the right tools could give your company the edge it needs.

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Payment Savvy

JANUARY 20, 2021

The collection agency faces many challenges, including ever-changing technology and tightening oversight. Indeed, even locating a debtor and determining which communication method is most successful can be an overwhelming task. Debt collection is largely a game of chess – a strong and defined strategy is best for success.

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Taurus Collect

MAY 20, 2022

Almost every company, from small businesses to enterprise organisations, seeks partnerships with debt collecting agencies when their past-due account receivables begin to mount. Thus, if you recognize any of the below-mentioned signs, it’s time to hire a well-experienced debt collection agency for your business.

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Credit Management Company

FEBRUARY 8, 2022

Perhaps you need to consider working with a collection agency. Read on to learn how to hire a collection agency that will serve your best interest and protect your good reputation. Menacing threats and middle-of-the-night phone calls are not the methods top debt collection agencies use.

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Taurus Collect

MAY 11, 2023

If you have a credit or debt-related problem, it’s likely that a debt collection agency could come into the picture. That’s why understanding the resources these agencies can access to find you is so important. They are hired to collect the outstanding debt on behalf of the creditor.

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Taurus Collect

SEPTEMBER 17, 2021

External debt collection benefits businesses for numerous reasons. Collecting debt is an unfortunate (but often necessary) part of doing business, and not dealing with it can prove very costly. So, why is an external debt collection agency better for businesses? External Debt Collection for Businesses.

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Taurus Collect

JANUARY 24, 2022

Searching for collection agency names is a stressful proposition because you want to ensure you are working with an honest, efficient, and experienced debt collection agency. Why You Might Need a Debt Collection Agency. Why You Might Need a Debt Collection Agency.

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The Kaplan Group

FEBRUARY 21, 2022

It may be time to consider hiring a commercial collection agency. We’ve spent a lot of time on this blog discussing: Turning debt over to a collection agency Choosing the right collection agency for your business Innovative steps for protecting your business now and in the future.

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Taurus Collect

FEBRUARY 24, 2023

If your business is struggling to collect payment on outstanding debt, you may be considering working with a collections agency. After all, debt collection can be an intricate and sensitive process – one not to be taken lightly – so it is wise to choose an experienced debt collection agency.

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Credit Management Company

FEBRUARY 22, 2022

Therefore, many people find themselves encountering collection agencies at one point or another. Unfortunately, much of what people “know” about the debt collection industry relies more on myths than facts. When people believe these myths about using a collection agency, they often run into trouble.

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Nexa Collect

SEPTEMBER 23, 2021

Several collection agencies have been using electronic mediums like emails, social media platforms, and SMS to contact debtors. This approach is significantly different from traditional collection calls and letters. Therefore many collection agencies use a blend of traditional and electronic mediums.

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