American Profit Recovery

NOVEMBER 23, 2022

For example, the debt collection industry in the United States returned almost $90.1 billion to creditors. And as a side note, that’s why it’s important for businesses of all sizes to get more comfortable using the services of a collection agency. Because of that, the average household saved $706 in a year.

Collection Agencies 130

Collection Agencies Collections Agency Collections Debt collector 130

American Profit Recovery

NOVEMBER 2, 2022

Just about everyone who works in the debt collection 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 collection agency.

Collections 130

Collections Collection Agencies Collections Agency Debt collector 130

American Profit Recovery

APRIL 9, 2021

That company may determine that issuing credit to certain customers is not a good idea and they could pull back, which may not be attractive to certain consumers. Hiring a collection agency as a next move. Some restrictions can reduce credit to consumers. Collection laws and regulations are in place for a reason.

Consumer Credit 157

Consumer Credit Collections Debt collector Collection Agencies 157

Credit Management Company

JANUARY 25, 2022

Even when you try to send customer debt collection requests, they have fallen on black days. After speaking with colleagues, you were told about the possibility of commercial debt collection agencies taking over. This type of debt collection can be hard to understand at first. B2B Collection FDCPA and Regulations.

Commercial Collection 52

Commercial Collection Collections Collection Agencies Collections Agency 52

Troutman Sanders

JULY 7, 2021

The law does not impact most third-party collection agencies, but it does impact some creditors and debt buyers. For more information, click here.

Financial services 52

Financial services Financial Institution Student loans Student Loans 52

FDCPA Defense

AUGUST 16, 2012

If you are a collection professional working for a creditor, debt buyer, collection agency or collection law firm, and you have not yet added the website for the Consumer Financial Protection Bureau (CFPB) to the favorites on your web browser, it is high time that you do so.

Collections 40

Collections Fair Debt Collection Law Firms Banks 40

Burr Forman

DECEMBER 4, 2020

This legislation prohibits judgment creditors from initiating new “extraordinary” collection actions, including garnishment, attachment, levies, or execution. Debtors must notify creditors if they are facing financial hardship due to COVID-19, but no additional documentation is required for protection. Stearns of the U.S.

Financial Institution 52

Financial Institution Garnishment Collections Foreclosure 52