Collection Agencies and Government - Creditor Collections Today

Report Breaks Down Pros, Cons of IRS’s Private Collection Agency Program

Account Recovery

NOVEMBER 3, 2021

A nonpartisan public policy institute that is part of Congress has published a report on the Internal Revenue Service’s Private Collection Agency program, detailing its history and sharing the pros and cons of using private companies to collect on debts owed by taxpayers to the federal government.

Collection Agencies

Collection Agencies Collections Agency Collections Government

Colorado AG Issues Guidance Related to Collection Agencies Working Remotely

Account Recovery

AUGUST 23, 2022

The Colorado Attorney General’s Consumer Credit Unit last week published new guidance related to the enactment of a law governing remote work for licensed lenders while also noting that the guidance originally enacted at the start of the pandemic in 2020 remains in effect for entities not covered by the new law, including collection agencies, (..)

Collection Agencies

Collection Agencies Collections Agency Collections Consumer Credit

Collection Agency Wins MSJ Against S.C. AG in Anti-Spoofing Lawsuit

Account Recovery

JULY 14, 2022

AG in Anti-Spoofing Lawsuit appeared first on AccountsRecovery.net.

Collection Agencies

Collection Agencies Collections Agency Collections Judgment

Webinars

How To Break Digital Transformation Barriers And Accelerate AI Adoption

The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

MORE WEBINARS

Processor With Ties to Collection Agencies Drops Challenge to Seized $400k

Account Recovery

APRIL 18, 2022

A company accused of allegedly laundering money for debt collection firms has relinquished its claim to nearly $400,000 that was seized by government prosecutors who are seeking to crack down on fraud and illegal debt collection activities by companies in Western New York, according to a published report.

Collection Agencies

Collection Agencies Collections Agency Collections Government

Questions to ask a commercial collection agency before hiring

American Profit Recovery

FEBRUARY 9, 2023

A commercial collection agency is an agency that works to resolve debt between two businesses. Commonly known as B2B debt collections, it’s the process of mediating financial disputes and overdue invoices owed to a commercial client. You will preserve future revenue by hiring the right commercial collection agency.

Commercial Collection

Commercial Collection Collection Agencies Collections Agency Collections

Washington State Appeals Court Upholds Attorney Fee Award in Debt Collection Case

Account Recovery

DECEMBER 31, 2024

The background: The case originated from allegations that the defendant, a licensed debt collection agency, attempted to collect an amount of interest exceeding what was permitted by a previous judgment.

Collections

Collections Collection Agencies Collections Agency Judgment

How Effective Are Collection Agencies?

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

Collection Agencies Collections Agency Collections Debt Recovery

How Effective Are Collection Agencies?

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

Collection Agencies Collections Agency Collections Debt Recovery

Government is Making Debt Recovery a lot Harder

Nexa Collect

JANUARY 14, 2023

The US government has thrown a slew of laws on collection agencies, making bad-debt recovery harder and costlier. Our government’s intention behind these laws is not wrong, but the ground reality is different. . There are thousands of collection agencies in the USA, but most are small. New Regulations.

Debt Recovery

Debt Recovery Government Collection Agencies Collections Agency

Collection Agencies in Puerto Rico

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

Collection Agencies Collections Agency Collections Garnishment

Judge Dismisses Whistleblower Lawsuit Filed By Collection Agency Employees

Account Recovery

SEPTEMBER 18, 2020

A District Court judge in Illinois has dismissed a whistleblower lawsuit filed against a healthcare provider, medical debt collection agency, and a medical billing company, alleging they engaged in a “ghost payroll” scheme that resulted in a larger Medicare payment from the federal government than the provider was entitled to.

Collection Agencies

Collection Agencies Collections Agency Collections Healthcare

How can Collection Agencies Maintain a Good Reputation?

Nexa Collect

JANUARY 25, 2023

Business and medical professionals seeking to hire a collection agency always wonder if the agency they hire is ethical or if it may damage their reputation. Here are some valuable tips on how collection agencies can maintain a good reputation online and offline.

Collection Agencies

Collection Agencies Collections Agency Collections Debtor

Average Recovery Rate of a Collection Agency

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. Some clients may get a 100% recovery rate, for others it could very well be 0%.

Collection Agencies

Collection Agencies Collections Agency Collections Debt collector

Collection Agency for Snow Removal Companies

Nexa Collect

OCTOBER 2, 2020

Their customers can be a small business, government, large corporates as well as private homeowners. 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. Need a Collection Agency? Contact Us.

Collection Agencies

Collection Agencies Collections Agency Collections Debtor

Hearing Today in Industry Case Against New Nevada Medical Collection Law

Account Recovery

JULY 27, 2021

A hearing is scheduled for this afternoon in before a federal judge in Nevada courtroom attorneys representing a dozen collection agencies and ACA International will seek to obtain a temporary restraining order blocking legislation that governs how medical debts are collected in the state.

Collections

Collections Collection Agencies Collections Agency Government

Maine Credit Reporting Amendments Pre-Empted by FCRA, Judge Rules

Account Recovery

OCTOBER 12, 2020

A District Court judge in Maine has granted a trade association’s motion for judgment after it sued the state for enacting laws that governed how, among other things, medical debts are reported to credit reporting agencies by collection agencies.

Collection Agencies

Collection Agencies Collections Agency Trade Judgment

Transworld Systems Inc. Completes Acquisition of EOS North America

Account Recovery

DECEMBER 20, 2021

technology-enabled provider of accounts receivable management (ARM) solutions, announced today it has completed its acquisition of EOS North America, a leading first- and third-party collection agency serving government, financial services, healthcare, telecom and utility clients in the United States and Canada.

Acquisition

Acquisition Accounts Receivables Management Healthcare Collection Agencies

Daily Digest – June 29. Industry Sues Nevada to Block Collection Law; Judge Grants MSJ For Defendant Over Credit Karma Report

Account Recovery

JUNE 29, 2021

INDUSTRY FILES SUIT TO BLOCK ENACTMENT OF NEVADA MEDICAL DEBT COLLECTION LAW A dozen collection agencies, plus ACA International and the Nevada Collectors Association have filed a lawsuit against the state of Nevada seeking to block the enactment of a new law that governs how medical debts are to be collected in the state.

Collections

Collections Collection Agencies Collections Agency Government

Commercial Real Estate Lease Defaults: Hire a Collection Agency

Nexa Collect

SEPTEMBER 15, 2020

The current COVID-19 pandemic and the drastic measures that governments undertook to slow the disease’s spread have devastated the global economy. Need a Collection Agency – Serving Nationwide? Unemployment climbed precipitously in the pandemic’s early months. Contact Us. High Recovery rate.

Collection Agencies

Collection Agencies Collections Agency Lender Collections

Industry Files Suit to Block Enactment of Nevada Medical Debt Collection Law

Account Recovery

JUNE 29, 2021

A dozen collection agencies, plus ACA International and the Nevada Collectors Association have filed a lawsuit against the state of Nevada seeking to block the enactment of a new law that governs how medical debts are to be collected in the state.

Collections

Collections Collection Agencies Collections Agency Government

Debt Collection Agencies could help save thousands of SME’s

UK debt collections

JUNE 1, 2022

Debt Collection Agencies could help save thousands of Small Businesses in the UK it is claimed. History shows that taking professional debt collection action can help save the number of Small Businesses from going bust. Debt Collection Agencies have a key role to pay. Government support for Small Businesses.

Collection Agencies

Collection Agencies Collections Agency Collections Government

Can a Collection Agency Report to the Credit Bureau Without Notifying You?

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? government or any state. So, when does this happen?

Collection Agencies

Collection Agencies Collections Agency Credit Bureau Collections

We are “all in” when advocating for the collection industry

American Profit Recovery

AUGUST 11, 2021

That includes how we can work in the best interest of the clients that hire us, the consumers that are struggling with their finances, and the overall health and effectiveness of the collection industry. No government or elected official can be educated on every issue that lies in front of them. We have always wanted to do our part.

Collections

Collections Collection Agencies Collections Agency Education

9 mistakes your business may be making when collecting debt

American Profit Recovery

SEPTEMBER 6, 2023

Ignoring collection laws While most collection laws do govern collection agencies, it’s a wise decision for your business to understand how these laws oversee debt collections in general. At the very least, your business should understand the Fair Debt Collection Practices Act (FDCPA.)

Collections

Collections Collection Agencies Collections Agency Fair Debt Collection

5 Things a Commercial Debt Collection Agency CANNOT Do to Help You

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.

Collection Agencies

Collection Agencies Collections Agency Collection Agent Third-party Debt Collectors

Insolvency service advises on use of Private Debt Collection Agencies

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. ” Debt Collection scams on the rise.

Collection Agencies

Collection Agencies Collections Agency Collections Debt collector

Report Details Collection Efforts of Agencies Working IRS Accounts

Account Recovery

JANUARY 9, 2023

So, when information about collection performance is publicized — audited information signed off on by the federal government — it’s worth publicizing. Companies can be reluctant to share specifics and may even present misleading information.

Collections

Collections Government Collection Agencies Collections Agency

Debt Collection through Email, SMS and Social Media

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

Collections Collection Agencies Collections Agency Debtor

Look For These Key Signs When Looking For a Dependable Government Collection Agency

Credits Inc

SEPTEMBER 6, 2019

dependable government collection agencies. A dependable government collection service stands out above the others. To make your life easier, and make stress regarding debt collection a thing of the past, look for these signs when determining whether your potential debt collection agency is the right fit for you.

Collection Agencies

Collection Agencies Collections Agency Government Collections

Top 5 Benefits of Hiring a Debt Collection Agency

Taurus Collect

MAY 2, 2022

However, hiring an external agency to assist your business with debt recovery services , receivables, and charged-off balances is an incredible way to overcome these obstacles while improving collection rates. On average, companies hold a 50% chance of successfully collecting the overdue bills before the standard 90 days duration.

Collection Agencies

Collection Agencies Collections Agency Collections Debt Recovery

Common Myths About Using a Collection Agency

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.

Collection Agencies

Collection Agencies Collections Agency Collections Debt collector

What Happens if you Ignore Debt Collection Calls

Nexa Collect

JANUARY 19, 2022

If you think that ignoring written demands and calls from a collection agency will spare you from all the consequences, then you are wrong. Your credit card address, your USPS change of address, address on your most recent bills are collected by data aggregation companies and/or credit reporting agencies.

Collections

Collections Debt collector Collection Agencies Collections Agency

The Importance of Collection Agencies for Small Businesses Affected by Default Accounts

Debt RR

SEPTEMBER 9, 2020

Collecting debts is time-consuming, especially if the debtor refuses to cooperate. Due to the frustration they encounter when collecting debts, they may resort to outsourcing the debt collection process to a collection agency for small businesses. How Collection Agencies Help Small Businesses.

Collection Agencies

Collection Agencies Collections Agency Collections Debt collector

5 Reasons to Partner With a Commercial Debt Collection Agency to Handle Your Collections

Direct Recovery

NOVEMBER 17, 2023

That means every little thing you might do to save money, time, and effort could be significant, and removing the task of managing your collections accounts from your plate can go a long way toward making things easier. Compliance & Legal Details The rules and regulations that govern the debt collection industry are constantly changing.

Collection Agencies

Collection Agencies Collections Agency Collections Government

Starting a Debt Collection Agency? Here are the Tools to Success

Payment Savvy

JULY 21, 2020

We don’t need to justify the vital role collection agencies play in our economy. Agencies also help consumers stay accountable for their financial purchases with manageable repayment plans. Are you interested in opening a collection agency? Obtain a Collection Agency Merchant Account.

Collection Agencies

Collection Agencies Collections Agency Collections Accounts Receivables Management

Artificial Intelligence in Collections Industry

Nexa Collect

JUNE 10, 2023

By using machine learning algorithms, AI can predict the likelihood of a debtor repaying the debt, allowing collection agencies to prioritize their efforts and allocate resources more effectively. Lowering Collection Costs: Human debt collectors take a significant percentage of all money recovered by them.

Collections

Collections Debtor Collection Agencies Collections Agency

Council could scrap use of Debt Collection Agencies to be ‘kinder’

UK debt collections

FEBRUARY 22, 2022

Council Bosses in Lancashire are to discuss abandoning the use of Debt Collection Agencies to collect rent arrears or council tax. ” “There is currently a move towards more ethical debt recovery and an increased emphasis on fairness in government debt management.”

Collection Agencies

Collection Agencies Collections Agency Collections Debt Management

Industries with the Best and Worst Recovery Rates

Nexa Collect

OCTOBER 31, 2022

Based on clients we came across last year (2021), here is the average recovery rate we have seen, along with our collection agency partner(s). No collection agency publically publishes the results they achieve by industry. Government. This is purely our own experience. But it should give an idea of what to expect.

Credit Unions

Credit Unions Credit Unions Manufacturing Collection Agencies

Can a Debt Collection Law Firm Act as a Debt Collection Agency?

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.

Law Firms

Law Firms Collection Agencies Collections Agency Third-party Debt Collectors

The Effectiveness of Debt Collection Agencies

Credits Inc

OCTOBER 26, 2019

For this reason, creditors are hiring debt collection agencies to collect debts that are 60 days past the agreed period. Therefore, the agencies act as middlemen collecting any delinquent loans. Debt collection agencies communicate to debtors via calls, letters, or emails.

Collection Agencies

Collection Agencies Collections Agency Collections Debtor

Signs That You Need a Commercial Debt Collection Agency Urgently

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.

Collection Agencies

Collection Agencies Collections Agency Collections Third-party Debt Collectors

Utah’s H.B. 20 Signed into Law, Reducing Red Tape for Debt Collection Agencies

Troutman Sanders

APRIL 6, 2023

In a significant boost to the financial services industry, Utah has taken major steps to streamline its debt collection bureaucracy — including the removal of criminal penalties for failure to comply with technical requirements. See Utah Code Ann. §

Collection Agencies

Collection Agencies Collections Agency Collections Debt collector

700 Rural Hospitals At Risk of Closing Doors: Report

Account Recovery

AUGUST 16, 2024

This issue is compounded by insufficient government reimbursements and dwindling financial reserves. The bottom line: For collection agencies and healthcare providers, adapting to these challenges will require a strategic focus on supporting the financial viability of these hospitals. This investment would represent a mere 0.1%

Healthcare

Healthcare Collection Agencies Collections Agency Government

700 Rural Hospitals At Risk of Closing Doors: Report

Account Recovery

AUGUST 16, 2024

This issue is compounded by insufficient government reimbursements and dwindling financial reserves. The bottom line: For collection agencies and healthcare providers, adapting to these challenges will require a strategic focus on supporting the financial viability of these hospitals. This investment would represent a mere 0.1%

Healthcare

Healthcare Collection Agencies Collections Agency Government

Report Breaks Down Pros, Cons of IRS’s Private Collection Agency Program

Colorado AG Issues Guidance Related to Collection Agencies Working Remotely

Webinars

Trending Sources

Collection Agency Wins MSJ Against S.C. AG in Anti-Spoofing Lawsuit

Webinars

Processor With Ties to Collection Agencies Drops Challenge to Seized $400k

Questions to ask a commercial collection agency before hiring

Washington State Appeals Court Upholds Attorney Fee Award in Debt Collection Case

How Effective Are Collection Agencies?

How Effective Are Collection Agencies?

Government is Making Debt Recovery a lot Harder

Collection Agencies in Puerto Rico

Judge Dismisses Whistleblower Lawsuit Filed By Collection Agency Employees

How can Collection Agencies Maintain a Good Reputation?

Average Recovery Rate of a Collection Agency

Collection Agency for Snow Removal Companies

Hearing Today in Industry Case Against New Nevada Medical Collection Law

Maine Credit Reporting Amendments Pre-Empted by FCRA, Judge Rules

Transworld Systems Inc. Completes Acquisition of EOS North America

Daily Digest – June 29. Industry Sues Nevada to Block Collection Law; Judge Grants MSJ For Defendant Over Credit Karma Report

Commercial Real Estate Lease Defaults: Hire a Collection Agency

Industry Files Suit to Block Enactment of Nevada Medical Debt Collection Law

Debt Collection Agencies could help save thousands of SME’s

Can a Collection Agency Report to the Credit Bureau Without Notifying You?

We are “all in” when advocating for the collection industry

9 mistakes your business may be making when collecting debt

5 Things a Commercial Debt Collection Agency CANNOT Do to Help You

Insolvency service advises on use of Private Debt Collection Agencies

Report Details Collection Efforts of Agencies Working IRS Accounts

Debt Collection through Email, SMS and Social Media

Look For These Key Signs When Looking For a Dependable Government Collection Agency

Top 5 Benefits of Hiring a Debt Collection Agency

Common Myths About Using a Collection Agency

What Happens if you Ignore Debt Collection Calls

The Importance of Collection Agencies for Small Businesses Affected by Default Accounts

5 Reasons to Partner With a Commercial Debt Collection Agency to Handle Your Collections

Starting a Debt Collection Agency? Here are the Tools to Success

Artificial Intelligence in Collections Industry

Council could scrap use of Debt Collection Agencies to be ‘kinder’

Industries with the Best and Worst Recovery Rates

Can a Debt Collection Law Firm Act as a Debt Collection Agency?

The Effectiveness of Debt Collection Agencies

Signs That You Need a Commercial Debt Collection Agency Urgently

Utah’s H.B. 20 Signed into Law, Reducing Red Tape for Debt Collection Agencies

700 Rural Hospitals At Risk of Closing Doors: Report

700 Rural Hospitals At Risk of Closing Doors: Report

Stay Connected