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Over the past couple of years, you may have noticed that our team has paid particular attention to tracking the compliments and kind words that consumers give our debtcollectors. There are several reasons why part of our collection team’s job is maintaining a record of the compliments received. But the facts are clear.
These receivables are usually B2B accounts that require commercial debtcollection. A collectionagency with its three-step collection process can assist businesses to recover money in an amicable manner. Need a collectionsagency for your business: Contact us. Contingency fee only.
We’ve always been big advocates when it comes to educating consumers on their rights when it comes to debtcollections as well as how to effectively work with a collector to take care of financial obligations. The collection industry as a whole is doing its part as well. How you can plan for a debt-free future.
Just about everyone who works in the debtcollection industry fully understands that it can be an uncomfortable situation as a consumer being sent to collections. No consumer wants to be in debt and struggling to pay their bills. Consumers do not want to have their accounts sent to a collectionagency.
In fact, we have seen many in home improvement, swimming pool construction and other business see a huge increase in business during COVID-19. Many companies might hesitate to hire a collectionagency because they feel it will only harm their business, but it is quite the opposite. Especially if you are running a trade business.
Ignoring debtcollectors may seem like a temporary solution to financial woes, but it often leads to more severe repercussions down the line. Engaging with a debtcollections service is a crucial step towards managing and settling outstanding debts.
This framework ensures that debt recovery efforts are carried out with utmost integrity. It’s a straightforward promise: if no debt is recovered, no fees will be charged. Undergoing extensive training equips employees with the necessary tools to approach debt recovery tactfully.
If you’re a collectionagency or creditor in New York, you need to be keeping an eye out for Senate Bill 3803. This bill was introduced to the state senate in February of this year, and the crux is that if approved, debtcollectors would be prohibited from using social media to contact debtors. Who Does This Affect?
Cohen LLC will work relentlessly to make sure you recover your bad debt. Collectionagencies are passive organizations that make the same effort you were making before you brought them on board. Unlike Others, We Aggressively Seek Pre-Judgment Attachments to Secure Debt Recovery.
Likewise, if you are operating in the construction industry as a subcontractor, materials supplier, or design professional including without limitation architects, and the general contractor fails to pay the debt they owe to you for the services rendered or goods provided, we can help. Remember our philosophy— “GET YOU PAID.”.
Financial institutions, servicers, lenders, and debtcollectors must stay up-to-date on evolving federal and state laws stemming from the COVID-19 pandemic, as such laws impact all facets of consumer loan servicing and debtcollection. This order was extended until December 31, 2020.
On May 13, the Nevada Financial Institutions Division (NFID) extended its temporary guidance allowing employees of licensed collectionagencies to work from home through July 31. 248, which limits a collectionagency’s ability to collect on medical debt. For more information, click here.
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