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.

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Collections Agency Collection Agencies Trade Judgment 246

Nexa Collect

NOVEMBER 26, 2022

As per FTC, starting June 9, 2023 all collection agencies will be treated as financial institutions. This means all collection agencies must secure consumer data nearly the same way as banks. Failure to comply with GLBA can have severe consequences for the collection agency, especially the owners and/or the CEO.

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Collections Agency Collection Agencies Financial Institution Collections 130

UK debt collections

MARCH 5, 2025

Bristol based debt recovery business which didnt hand over money is shut down An Insolvency Service investigation found that Encore Capital Group Inc Ltd trading as Encore Debt Recovery failed to fully hand over the money it collected it has been revealed. Scam Debt Collectors blight the UK’s Debt Collection industry.

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Debt collector Debt Recovery Collections Agency Collection Agencies 68

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.

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Collections Agency Collection Agencies Collections Government 90

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? Can collection agencies buy from other collection agencies?

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Collections Agency Collection Agencies Credit Bureau Collections 105

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. a collection agency. Now within my role at Velocity, I can further extend my commitment to both the Fintech and Receivables Management space. He is the CEO of TrueAccord. and internationally.

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Collections Agency Collection Agencies Law Firms Original Creditor 130

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. They would offer to collect from liquidated company directors ‘personally’ which is contrary to UK insolvency law.

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Collections Agency Collection Agencies Collections Creditors 70

American Profit Recovery

MARCH 4, 2022

This is a program established by the Federal Trade Commission and one that we fully embrace. Everyone here at American Profit Recovery understands that as a collection agency we need to be as transparent as possible. Should I be afraid to speak with a debt collection agency? How do I use my credit intelligently?

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Debt collector Collections Agency Collection Agencies Education 205

American Profit Recovery

JUNE 13, 2024

Other businesses such as the trades and those in the repair industry issue invoices right on the spot. Use a reputable debt collection agency There will come times where the best intentions of your business and systems will not be enough to get a customer to pay. Common intervals are weekly, biweekly and monthly.

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Collections Agency Collection Agencies Collections Trade 233

Account Recovery

AUGUST 6, 2020

Most collection agencies are private companies, and do not have to release their financial statements. But there are a couple of companies that are publicly traded and one of them released their second quarter … The post Encore Posts Strong 2Q Financial Results appeared first on AccountsRecovery.net.

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Collections Agency Collection Agencies Trade Collections 147

UK debt collections

JUNE 8, 2021

A Scam Debt Collection Agency Boss has been sent to prison for 4 years and 10 months. The Dodgy Debt Collector took cash payments from clients to help recover money but did so with no intention of collecting what they were owed. Dodgy Debt Collection Agencies. This company was wound up in April 2018.

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Collections Agency Collection Agencies Collections Debt collector 59

Account Recovery

APRIL 4, 2024

A bill has been introduced in the Colorado legislature that would make it an unfair or deceptive trade practice for a debt collector or collection agency to take any legal action on a debt unless it has purchased complete ownership or the debt. The bill is an attempt to reform the hospital and healthcare industry […]

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Healthcare Debt collector Collections Collections Agency 130

UK debt collections

APRIL 14, 2022

If you’re running a Business and searching for a debt collection agency (DCA), it is essential you choose the right solution. As with any Business sector, not all debt collection agencies are equal. Performing basic checks should help you determine which Debt Collection Agency is best for your Business.

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Collections Agency Collection Agencies Collections Debt Recovery 64

American Profit Recovery

OCTOBER 13, 2022

We handle debt collections for lawn care businesses, as well as others such as professional plumbers, electricians, and others in the trades that rely heavily on transportation to conduct their work. Collection procedures for those that have not paid. Choosing a collection agency to maximize your debt collection efforts.

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Collections Agency Collection Agencies Collections Trade 176

Taurus Collect

JULY 14, 2022

Moreover, the older the obligations get, the harder it is to collect the payment. However, hiring a reputed debt collection agency will significantly help you as they will use multiple methods to locate your debtors and help you effectively gather your amounts. This helps them smoothly carry out their debt collection process.

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Collections Agency Collection Agencies Debtor Collections 52

American Profit Recovery

SEPTEMBER 27, 2020

When we speak with professionals whether in person, by the phone or even at trade shows, we are always asked about some of the tactics they should employ to get their customers to pay on time. Especially if you are running a trade business. Here are some of our expert tips. How to get clients to pay faster.

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Collection Agencies Collections Agency Trade Construction 180

Taurus Collect

JANUARY 24, 2022

Searching for collection agency names is a stressful proposition because you want to ensure you are working with an honest, efficient, and experienced debt collection agency. Why You Might Need a Debt Collection Agency. Why You Might Need a Debt Collection Agency. We Will Save You Time.

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Collections Agency Collection Agencies Collections Debtor 52

Credits Inc

DECEMBER 3, 2019

While you might not have considered partnering with an accounts receivable collection agency before, the truth is they can be a valuable asset to business owners across the United States. If you’ve been struggling to collect delinquent payments, here are a few reasons why you should hire a collection agency.

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Collections Agency Collection Agencies Collections Debtor 52

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. Contractors, Special Trade. This is purely our own experience. Recovery Rate. Transportation.

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Credit Unions Credit Unions Manufacturing Collections Agency 130

Collection Industry News

AUGUST 30, 2024

A Collection Agency means a person who engages directly or indirectly in the business of collecting for, or soliciting from another, a consumer claim; or collecting a consumer claim the person owns, if the claim was in default when the person acquired it. 1-101) doing business as a collection agency.

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Collections Agency Collection Agencies Collections Trade 40

Taurus Collect

NOVEMBER 15, 2023

Dealing with a collection agency can often feel like navigating a maze, especially when there seems to be a change in your account’s open date. If you’ve found yourself in this situation, you’re likely asking, “Can a collection agency change an account’s open date?”

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Collections Agency Collection Agencies Collections Debtor 52

Taurus Collect

JUNE 5, 2019

Let’s go straight in on this one, because we know what makes a good collection agency. So here are 5 tips to choose a good collection agency for your business: Reputation & trustworthiness – always look for an agency with at least 5 years of trading history. How To Find A Good Collection Agency.

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Collections Agency Collection Agencies Collections Lawyers 40

True Accord

MARCH 19, 2025

By staying actively involved in industry trade associations like the American Collectors Association (ACA) and Receivables Management Association International (RMAI), TrueAccord ensures it has a pulse on the latest developments. Ready to partner with an industry-leader in compliant digital-first debt collection?

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Collections Agency Collection Agencies Fair Debt Collection Collections 52

Taurus Collect

SEPTEMBER 9, 2019

Our clients know that debt collection agency charges are a big factor in deciding how to collect their debts, and that is why we always compare our debt collection agency charges with competitors. Debt Collection Agency Charges. appeared first on Taurus Collections.

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Collections Agency Collection Agencies Collections Trade 40

National Service Bureau

JUNE 10, 2015

In reality, debt collection agencies are the most useful means to get someone who has a legitimate contractual obligation to make good on their promise so that the honest businessman (perhaps yourself or your company) on the other side of the trade doesn’t get left holding the bag. Are they licensed and do they need to be?

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Collections Agency Collection Agencies Collections Debtor 40

Collection Industry News

SEPTEMBER 6, 2022

The Preferred Group of Tampa, a collection agency in Tampa, FL, has announced that they are addressing the common complaints regarding debt collection. The Preferred Group of Tampa, a collection agency in Tampa, FL, has announced that they are addressing the common complaints regarding debt collection.

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Collections Agency Collection Agencies Collections Debt collector 40

Sawin & Shea

JUNE 9, 2021

You may feel as if no one is on your side, but you do have some protection from collection agencies. The FTC (Federal Trade Commission) is an arm of the United States government that enforces consumer protection and antitrust laws. There are approximately 7,000 collection agencies in the U.S.

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Debt collector Collections Agency Collection Agencies Bankruptcy 94

UK debt collections

SEPTEMBER 11, 2020

As the United Kingdom continues to ease its Coronavirus restrictions , 54% of current actively trading Businesses are facing piles of unpaid invoices. Debt Collection Agencies are said to be a major contributor towards combating the problem. However this is down from the high of 38% in mid June.

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Collections Agency Collection Agencies Trade Collections 102

Troutman Sanders

OCTOBER 7, 2020

New Mexico joins the Federal Trade Commission and more than 50 federal and state law enforcement partners in a joint effort to curtail abusive debt collection practices. Forced consumers to pay debts they did not owe.

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Collection Agencies Collections Agency Collections Education 52

Hudson Weir

JANUARY 10, 2025

One potential solution an insolvency practitioner might suggest is a company voluntary arrangement (CVA) : This procedure allows a company to continue trading while repaying its debts through a structured agreement. Without any success, enforcement measures such as charging orders become an option.

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Debt Recovery Creditors Government Collection Agencies 59

Collection Industry News

DECEMBER 27, 2022

This bestseller by Marketdata examines the $15 billion business of debt collection agencies. Includes a Reference Directory of industry trade associations, magazines, reports and other sources. Complaints by consumers about harassment by collectors still exists and tops the list of complaints to the FTC.

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Collections Agency Collection Agencies Collections Bankruptcy 40

Collection Industry News

JUNE 12, 2023

Here are some effective ways to attract clients as a collection agency: 1. Establish connections with individuals and businesses that can refer clients to your agency, such as attorneys, financial institutions, credit bureaus, or other professionals in the debt recovery field. appeared first on Collection Industry News.

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Collections Agency Collection Agencies Debt Recovery Collections 40

True Accord

MARCH 4, 2025

Over the past several years, federal and state regulators have started raising red flags about a significant trend in the debt collection industry: companies failing to deliver positive experiences for consumers or properly manage complaints and disputes.

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Collections Debt collector Collections Agency Collection Agencies 52

UK debt collections

JUNE 8, 2022

Letters being sent by a Debt Collection Agency to drivers who fail to pail Tyne Tunnel fees are “initimidating and misleading” debt charities have warned. The Debt Collection letters advise of potential fines and even criminal convictions. The initial penalty is £60 on top of the original £1.90

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Collections Collections Agency Collection Agencies Collection Agent 75

Credit Corp

JUNE 1, 2023

How to Improve Your Credit after Collections Debt Collections FAQ What Is Collections Debt? When you default on a payment, the company you owe may sell your debt to a third-party collection agency. Keep in mind that not all agencies accept pay for delete letters, especially banks or larger creditors.

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Collections Debt collector Collections Agency Collection Agencies 126

Nexa Collect

JULY 6, 2020

Having a clear, thorough, and enforceable credit policy is critical for businesses that extend trade credit to their customers. It delineates who you’ll extend credit to, under what terms, and describes your process for collecting on delinquent accounts.

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Trade Collection Agencies Collections Agency Collections 130

UK debt collections

OCTOBER 14, 2021

Over 50,000 SME’s cease trading every year due to this issue and the pandemic is fuelling a worsening of this, resulting in untold damage to the entire UK economy. Using a Professional Debt Collection Agency as a partner is viewed by many as essential. Late payments are debilitating to any Business, large and small.

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Collections Agency Collection Agencies Collections Bankruptcy 104