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How Do I Send Debt to Collections?

Nexa Collect

Trying to collect a bad debt is draining on your time and your resources. Eventually, it makes sense to pass the task on to a professional debt collection company. Need a Collection Agency easy to work with? If you’ve never sent debt to collections before, the process may seem daunting. Contact Us.

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How Often Do Debt Collection Agencies Take You To Court? 5 Things to Know

Taurus Collect

Thus, debt collection agencies are commonly utilised to ensure that funds due back to businesses don’t go unpaid. But how often do debt collection agencies take their clients’ customers to court? But did you know that these agencies often try to resolve your debt before resorting to legal action?

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Recommendations for Debt Collectors Working from Home

Nexa Collect

You should discuss these points with the compliance superior of your collection agency. Since collection agencies fall under GLBA laws, they are subjected to the same strict laws as large financial institutions like banks. Here are suggestions that will help you maximize your compliance.

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Business Debt Collection Laws and their Connection to Commercial Debt

Debt RR

Although commercial debtors do not enjoy the same level of protection as consumer debtors do, this does not mean they are left at the mercy of creditors and debt collection agencies (DCAs). The business debt collection laws protect them. Like the Fair Debt Collection Practices Act, the U.S.

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How to Find All Your Debts: 4 Tips

Credit Corp

And perhaps you know you owe a debt, but it’s been passed around between collection agencies so many times you’ve forgotten who currently owns the debt. Here’s how to find out which collection agency you owe or uncover debts you don’t know about. Check Your Credit Reports. Voicemail can back up just like snail mail.

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Brit Suttell Awarded Prestigious Donald Kramer Award

BN Lawyers

Brit Suttell wins the National Creditors Bar Association Donald Kramer Award for efforts on behalf of Credit and Legal Collections Industry. The Donald Kramer award is given each year to “someone whose efforts have made a substantial and lasting impact for the benefit of the credit and legal collection community.”.

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How Much Does a Charge Off Affect Your Credit Score?

Credit Corp

.” That means the lender doesn’t believe it has a good chance of collecting the debt and it’s not worth continuing to use internal resources to do so. Common actions taken by lenders at this point include selling the debt to a collections agency or contracting with a collection agency to collect the debt for them.