Nexa Collect

JULY 28, 2020

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? Collection agencies are experts in debt recovery. But how wise is this?

Collection Agencies 130

Collection Agencies Collections Agency Collections Debt Recovery 130

Nexa Collect

AUGUST 8, 2020

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? Collection agencies are experts in debt recovery. But how wise is this?

Collection Agencies 130

Collection Agencies Collections Agency Collections Debt Recovery 130

Account Recovery

OCTOBER 22, 2024

Levy, founder of Levy & Associates, LLC, a multi-state collection law firm, and former President of the National Creditors Bar Association (NCBA), brings decades of debt collection expertise to the company. ” About SoloSuitSoloSuit helps consumers resolve debt collection lawsuits through web-based software.

Law Firms 130

Law Firms Debt collector Startups Debt settlement 130

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.

Collection Agencies 130

Collection Agencies Collections Agency Collections Garnishment 130

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.

Collection Agencies 130

Collection Agencies Collections Agency Collections Debt collector 130

American Profit Recovery

NOVEMBER 20, 2024

Soon, creditors will call you to resolve past-due obligations. Indications it’s time to utilize the services of a collection agency Once you are aware of the red flags of negative cash flow and downward trends, it’s important for you to get much more assertive with your efforts to improve your cash flow.

Collection Agencies 164

Collection Agencies Collections Agency Debt collector Collections 164

Account Recovery

NOVEMBER 8, 2024

When the debt went unpaid, it was assigned to a collection agency, which began reporting the debt to the credit reporting agencies. However, the Ninth Circuit vacated the summary judgment that had been granted in favor of the collection agency regarding the alleged FDCPA violations.

Fair Debt Collection 130

Fair Debt Collection Collection Agencies Collections Agency Healthcare 130

Account Recovery

APRIL 27, 2022

Appeals Court Denies Creditor’s Bid for Attorney’s Fees in Spat with Collector; Suit Accuses Collector of Not Disclosing Recordings Soon Enough appeared first on AccountsRecovery.net.

Collection Agencies 246

Collection Agencies Collections Agency Creditors Collections 246

Account Recovery

FEBRUARY 24, 2023

The post Judge Recommends Dismissing FCRA, FDCPA Claims Against Creditors appeared first on AccountsRecovery.net.

Creditors 130

Creditors Fair Debt Collection Collection Agencies Collections Agency 130

Account Recovery

NOVEMBER 5, 2024

The Federal Trade Commission has filed a lawsuit and received a temporary restraining order freezing the assets and taking control over a Georgia-based debt collection agency, Global Circulation, Inc., after it was accused of using deceptive and abusive tactics to collect debts from consumers.

Debt collector 130

Debt collector Fair Debt Collection Collection Agencies Collections Agency 130

Account Recovery

MARCH 11, 2025

Why it matters: For professionals in debt collection agencies, debt buying companies, fintechs, banks, credit unions, and consumer finance firms, these findings underscore a growing vulnerability among older borrowers.

Credit Card Debt 130

Credit Card Debt Credit Unions Credit Unions Debt Buying 130

Account Recovery

FEBRUARY 13, 2025

Ironing out the kinks to get compliance on board and creditors on board will likely become easier over time and as its usage becomes more commonplace in and around the financial services industry. Barring any unforeseen setbacks, could it be possible that the industry has shed its technophobe reputation once and for all?

Creditors 130

Creditors Collection Agencies Collections Agency Financial services 130

Account Recovery

SEPTEMBER 29, 2023

A District Court judge in Puerto Rico has denied a defendant’s motion to dismiss after it was sued because a collection agency it acquired sent a collection letter to the plaintiff that used some form of gobbledygook to identify the creditor to whom a debt was owed in a collection letter.

Creditors 130

Creditors Collection Agencies Collections Agency Collections 130

Account Recovery

APRIL 7, 2023

A copy … The post Washington Legislature Passes Credit Repair Bill first appeared on AccountsRecovery.net.

Collection Agencies 245

Collection Agencies Collections Agency Creditors Collections 245

Nexa Collect

JUNE 21, 2023

If you ignore a debt collection agency, several potential consequences could affect your financial well-being and peace of mind: Persistent Contact : Debt collection agencies might persist in attempting to contact you through phone calls, letters, and possibly emails. This can be stressful and disruptive.

Collection Agencies 100

Collection Agencies Collections Agency Credit Counselor Garnishment 100

Account Recovery

APRIL 12, 2022

A class-action lawsuit has been filed against a collection agency for allegedly violating the Fair Debt Collection Practices Act by having multiple addresses on a collection letter it sent and not explicitly communicating to which address disputes or requests for original creditor information should be sent.

Fair Debt Collection 241

Fair Debt Collection Original Creditor Collection Agencies Collections Agency 241

Account Recovery

MARCH 31, 2022

January, more commonly known in the industry as Debtsy, has raised $10 million to help it achieve its goal of becoming a “tech-enabled collections agency service that collects the debt on behalf of creditors in a civilized way,” according to a published report.

Collections 235

Collections Collection Agencies Collections Agency Creditors 235

Account Recovery

FEBRUARY 27, 2025

Professionals at debt collection agencies, fintechs, and banks can expect to interact with borrowers who dont fit the typical risk profile yet face the same liquidity crunch. By the numbers: What theyre saying: Being cash poor is a way of life for most Americans, says Rodney Williams, president and co-founder of SoLo.

Collection Agencies 130

Collection Agencies Collections Agency Education Loans 130

Credit Corp

NOVEMBER 9, 2020

If you or someone you know has dealt with a collection agency, you know how trying it can be. Debt collection agencies have a long history of harassment and illegal practices. Can a collection agency report to a credit bureau without notifying you? The name of the original creditor to whom the debt is owed.

Collection Agencies 105

Collection Agencies Collections Agency Credit Bureau Collections 105

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

Account Recovery

DECEMBER 30, 2024

Phil Murphy, goes into effect on January 1 and implements several major changes to how medical debt can be collected and reported. Gretchen Whitmer, introduces substantial changes to how creditors can collect debts and what assets debtors can protect. Michigan Legislation, now awaiting the signature of Gov.

Garnishment 130

Garnishment Debtor Collection Agencies Collections Agency 130

American Profit Recovery

JUNE 15, 2021

As the light the end of the metaphorical-pandemic tunnel gets brighter, creditors may be questioning whether sending consumers to collections is appropriate. Our message to creditors is simple. Absolutely send those consumers to collections. Because it is not a punishment to do so.

Collections 214

Collections Creditors Collection Agencies Collections Agency 214

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.

Collection Agencies 70

Collection Agencies Collections Agency Collections Creditors 70

Account Recovery

FEBRUARY 14, 2023

CLASS ACTION ACCUSES CREDITOR OF VOIDING PAYMENT ARRANGEMENT A plaintiff has filed a class-action lawsuit against a creditor and two collection agencies for not honoring the terms of a payment plan that she entered with the creditor, accusing them of violating the Fair Debt Collection Practices Act and state collection laws in Florida.

Creditors 100

Creditors Fair Debt Collection Collections Collection Agencies 100

Account Recovery

FEBRUARY 18, 2025

Mark Ravanesi is coming onto the RMAI Board of Directors for 2025, in the certified third-party collection agency seat. Over the next decade and a half, he held leadership roles with major originating creditors across the U.S. a collection agency. He is the CEO of TrueAccord. and internationally.

Collection Agencies 130

Collection Agencies Collections Agency Law Firms Original Creditor 130

Account Recovery

AUGUST 10, 2020

Logicoll, LLC is excited to announce the launch of our professional debt collection agency. Logicoll represents creditors in the resolution of outstanding consumer credit accounts.

Collection Agencies 147

Collection Agencies Collections Agency Creditors Lender 147

Troutman Sanders

SEPTEMBER 8, 2023

The credit union then assigned the debt to a third-party collection agency. Following the assignment, the collection agency opened its own tradeline for the debt, while the credit union also continued to report the debt.

Original Creditor 59

Original Creditor Collection Agencies Collections Agency Credit Unions 59

Account Recovery

FEBRUARY 18, 2025

More bankruptcies mean higher charge-offs for creditors and increased reliance on third-party collection agencies. With this uptick, regulatory scrutiny may rise, leading to more complaints and lawsuits under laws like the FDCPA (Fair Debt Collection Practices Act) and Regulation F due to errors in handling bankrupt debt.

Fair Debt Collection 130

Fair Debt Collection Law Firms Bankruptcy Judgment 130

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.

Collections 130

Collections Collection Agencies Collections Agency Debtor 130

Nexa Collect

JANUARY 14, 2023

The US government has thrown a slew of laws on collection agencies, making bad-debt recovery harder and costlier. Extra costs to comply with these laws would be passed on to businesses /creditors, who are already unwilling to pay the current costs associated with hiring a professional debt collector. New Regulations.

Debt Recovery 130

Debt Recovery Government Collection Agencies Collections Agency 130

UK debt collections

JULY 7, 2022

The Insolvency has issued a statement on its use of Private Debt Collection Agencies this week. It also refers to collecting payments from companies that are in liquidation. The debt collection agency will write to you and you should pay them directly. Payments to creditors. Clarke Willmott LLP.

Collection Agencies 59

Collection Agencies Collections Agency Collections Debt collector 59

Nexa Collect

APRIL 27, 2021

Some debt collection agencies agree to remove the entry from the debtor’s credit report once the bill is paid off, but this is not common. Offering the removal of credit report entry in exchange of payment is considered a highly unethical practice by both credit reporting agencies and in the accounts receivable industry.

Collection Agencies 130

Collection Agencies Collections Agency Debtor Debt Recovery 130

Nexa Collect

MARCH 22, 2022

Most collection agencies will add about additional 2 weeks to account for mailing delays and holidays. This format is located here: CFPB Debt Collection Validation Notice R19 ( as of Nov 2021). . * I want you to send me the name and address of the original creditor.

Collection Agencies 130

Collection Agencies Collections Agency Original Creditor Debt collector 130

Account Recovery

DECEMBER 22, 2023

A California Appeals Court has affirmed the dismissal of a malicious prosecution and unfair debt collection lawsuit against a creditor, the collection agency it used to recover the debt, and the attorneys who took legal action to recover the debt and also affirmed the award of attorney’s fees for the defendants on the grounds the […]

Collections 130

Collections Collection Agencies Collections Agency Creditors 130

Account Recovery

SEPTEMBER 14, 2023

Asked for a do-over, a panel of judges from the Court of Appeals for the Tenth Circuit decided they were right the first time and affirmed a District Court ruling in favor of a creditor that was sued for violating the Fair Debt Collection Practices Act because it was not licensed as a collection agency […]

Fair Debt Collection 130

Fair Debt Collection Collections Collection Agencies Collections Agency 130

Account Recovery

JUNE 26, 2023

A District Court judge in Utah has denied a defendant’s motion to dismiss in a Fair Credit Reporting Act case, ruling that it did not conduct a reasonable investigation after the plaintiff disputed the debt because both the defendant — the original creditor — and a collection agency were reporting the debt to the credit […] (..)

Original Creditor 130

Original Creditor Collection Agencies Collections Agency Creditors 130

True Accord

JUNE 25, 2020

All debt buyers are not created equally, as some may also own fully functional debt collection agencies. Maintaining your business’ brand reputation, even in collections , should be a key part of any business decision. Hiring a debt collection agency. Pros of hiring a debt collection agency.

Collection Agencies 63

Collection Agencies Collections Agency Third-party Debt Collectors Collections 63