Account Recovery

MAY 14, 2021

FRANKLIN, MA – May 13, 2021 – Interactions, one of the world’s largest standalone conversational artificial intelligence (AI) companies, today announced that Aargon Agency, a leading accounts receivable management (ARM) company that works with major hospital systems and medical offices, is deploying an Interactions Virtual Collection Agent (VCA) to (..)

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Accounts Receivables Management Collection Agent Collections 182

On Guard

SEPTEMBER 2, 2020

A day in the life of an Onguard Collections Agent. There are many ways to utilise the Onguard Credit Manager module but if ‘Breaking BAD’ is your key focus then a day in the life your collections agent(s) and AR manager might be as follows – Create Workflows to support a Breaking BAD collection strategy.

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UK debt collections

FEBRUARY 9, 2022

Whilst the UK struggles to recover from the pandemic , its never been a better time for Businesses to use a Debt Collection Agency. Debt Collection Agencies do not just act for Businesses, there are many Debt Collection Agencies for individuals also. The cost of using a Debt Collection Agency can vary. Time saving.

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Collection Agencies Collections Agency Collections Collection Agent 114

Taurus Collect

MAY 24, 2022

Thus, timely debt collection is crucial for every business. Therefore, it is vital to have a robust debt collection strategy to enable you to stabilise your cash flow and acquire money from your debtors without hampering your business relationships. Collection methods are not real-time. Contacting wrong people.

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Nexa Collect

JUNE 20, 2020

Business discussions often revolve around making and saving money, cutting costs and building upon wealth, but fewer tackle one of the embarrassing experiences of being in business: collecting money owed. What happens when they dread pursuing collections because it’s become their full-time job? Serving Nationwide. Contact us .

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Collections Collection Agencies Collections Agency Collection Agent 130

True Accord

JANUARY 19, 2021

The following is an excerpt from our recent ebook, Ten Critical Questions: The Buyer’s Guide to Digital Debt Collection Solutions. For lending organizations, the end result of these changes is that digital collections have shifted from a “nice to have” into a must-have. To download the full ebook, click here. Source: ACA ).

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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.

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The Kaplan Group

JULY 15, 2020

If collection agents like me are calling you, you need to reduce your debt. To avoid your account being sent to collections, you need to find ways to reduce your debt. Collect on unpaid invoices. If others owe you money, send them to collections. Most reputable collection agencies work on contingency.

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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. Marston Recovery and Court Enforcement Services, which is part of the CDER group.

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Collections Collection Agencies Collections Agency Collection Agent 75

Re:Ceeve

JUNE 12, 2020

Today, companies must think about the bigger picture by listening to customer needs, especially when it comes to debt collection. For years, companies have treated the debt collection process not as an opportunity, but as a relentless process of retrieving outstanding balances at all costs. What is customer self-service (CSS)?

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Direct Recovery

MARCH 27, 2020

Understandably, this news sent shock waves through the debt collection community, and it was met with a very strong positive reaction from Senator Wieckowski’s constituents. If that should happen, what changes would we be likely to see to the California debt collection landscape? Less Rogue Debt Collection Agents.

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UK debt collections

FEBRUARY 3, 2023

Arvato Utility Debt Collection Agents The investigation by The Times revealed how utility debt collection agents working for Arvato Financial Solutions (on behalf of British Gas) had forcibly entered a single father-of-three’s home to install a prepayment meter. They are designed to help avoid late payments.

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Direct Recovery

APRIL 18, 2023

But that debt can quickly become an anchor weighing down the entire company if growth sputters, and the resulting collections can be even more problematic than the debt in the first place. Of course, there is also the fact that you’re probably more concerned with running your own business than collecting from a failed one.

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Collection Agent Collections Debt collector Collection Agencies 52

Re:Ceeve

MAY 28, 2020

How can a business continuously improve its collections processes and further grow? We are working with their subsidiary, Pactum Collections GmbH ("Pactum"), who are focused exclusively on collections as a master servicer and portfolio manager. Utilising AI-based decision making to optimise collections messaging.

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Collections Collection Agent Banks Lender 92

The Kaplan Group

JUNE 25, 2020

Commercial collection agencies like ours specialize in collecting on B2B debt. If your business is getting calls from a collection agency, you may wonder how this will affect your business credit. Like personal debt, being sent to collections can affect your credit rating. If a collection agent calls you, don’t ignore it.

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Collections Collection Agencies Collections Agency Collection Agent 64

Credit Management Company

OCTOBER 5, 2018

The common perception of the debt collection industry in modern times is almost overwhelmingly negative. Debt collection has a significant positive impact on the economy in both a micro and macro sense, and collectors abide by regulations that maintain the dignity of consumers. Collection efforts are not a zero sum game.

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Collections Debt collector Collection Agent Collection Agencies 63

Fico Collections

FEBRUARY 1, 2021

One area that is often left behind in digital transformation initiatives, but that has also been a focus over the last year due to uncertain economic conditions is collections. How would you rate yourself when it comes to your collections transformation? were made in 2020 in order to create a robust digital collections experience?

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Account Recovery

AUGUST 19, 2024

Bill Banning Social Media Debt Collection Passes N.Y. Kathy Hochul, that if signed, would prohibit the use of social media platforms to collect debts, for creditors or the collection agents working on their behalf. This bill does far more than is necessary to avoid the potential for problematic collection techniques.

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Account Recovery

AUGUST 19, 2024

Bill Banning Social Media Debt Collection Passes N.Y. Kathy Hochul, that if signed, would prohibit the use of social media platforms to collect debts, for creditors or the collection agents working on their behalf. This bill does far more than is necessary to avoid the potential for problematic collection techniques.

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Direct Recovery

APRIL 16, 2023

Wage garnishments are the ultimate threat posed by every debt collection scenario, but finding yourself on the wrong end of one doesn’t have to be a financial death sentence. The first step in implementing a wage garnishment is for the collection agent to obtain a judgment against the debtor.

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Direct Recovery

JANUARY 17, 2021

There is no shortage of ways in which the COVID-19 pandemic has changed the way business is done around the world in 2020, and that is definitely true for anyone operating in the collections industry. Let’s break down some of the things top agents are doing to get the job done. Understanding the Situation. Keep Detailed Records.

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Re:Ceeve

JULY 21, 2020

“Software is capable of delivering extensive gains before you need to even consider debt collection agents!”. Debt collection isn’t a media darling, and you rightfully may know very little about it. Regardless of what experience you may have had with debt collection, you probably know even less about the players in this segment.

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Direct Recovery

SEPTEMBER 4, 2022

Once you establish the basics like having some credit history and making your payments on time, the most significant factor that negatively impacts the average credit score is having a collection on your record. Are All Collections Reported to Credit Rating Agencies? How Long Do Collections Stay on a Credit Report?

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Credit Management Company

DECEMBER 20, 2018

Patient collections can be a challenge any time of the year, but are particularly stressful during the Holiday season. Some collection agencies make the mistake of pausing collection efforts during this time of the year to avoid increasing tension between the healthcare provider and the patient. Timing is Everything.

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Collections Healthcare Collection Agent Collection Agencies 53

Better Credit Blog

APRIL 4, 2022

Regardless of what a debt collector might tell you, you have a lot of rights when it comes to how debt can be collected. Your rights come from the Fair Debt Collection Practices Act (FDCPA). This act lays out the rules debt collectors must follow when they attempt to collect a debt from you. Don’t Allow Them To Provoke You.

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Debt collector Fair Debt Collection Collection Agencies Collections Agency 116

True Accord

JULY 1, 2021

With automated communications and the consumer’s ability to self-serve, TrueAccord collection agents can service 80,000 accounts at a time, compared to the typical 1,000 to 2,500 accounts that a traditional agent manages on behalf of the financial institution client.

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The Kaplan Group

NOVEMBER 9, 2020

In collections, we often have to weigh risk and reward and make similar calculations. That is not always true with collections. Perhaps the biggest risk/reward scenario in collections is going to court. However, the biggest risk is the ability to actually collect. What are you risking if the deal doesn’t go well?

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Debt Recoveries

SEPTEMBER 10, 2020

Let’s face it, snail mail is dead, so your internal debt collection processes should start with some good debt collection email templates. So here are 3 debt collection templates that are guaranteed to get your customer to sit up and take notice: 1. Talk to us about your debt collection concerns via Skype at debtrecoveries.

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Collections Debt Recovery Collection Agent Credit Management 59

Payment Savvy

OCTOBER 6, 2021

Collection agencies often find themselves in a tough position when attempting to collect on a delinquent account. However, there are some things that collection agencies can do to promote repayment quickly. Collection agents should listen to what the debtor has to say. Listen to the Debtor. Convenience is key!

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National Service Bureau

MARCH 29, 2015

Debt collection horror stories are all too common. Threats of jail time, obscene language, stalking and harassment are frequently in the news, and CFPB statistics show a large rate increase in 2014 debt collection complaints as compared to 2013 when they started publishing data.

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Direct Recovery

JANUARY 27, 2023

A statute of limitation is a legal term that defines the specific length of time before a debt is considered “time-barred” and is no longer legally collectible by either the original creditor or a collection agent. The post Debt Collection Statute of Limitation in California appeared first on Direct Recovery.

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National Service Bureau

APRIL 6, 2015

Debt collection companies walk a fine line between business efficiency in their primary function (accounts receivable management), while at the same time needing to respect the fact that the debtor is a valuable client to the business for whom they are running collections. 5: Improper contact or sharing of information. Government.

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The Kaplan Group

JUNE 25, 2022

When it comes to collecting commercial debt, getting mad almost never leads to getting even. How to be 30% less effective in collecting business debt. But there are concrete, research-backed reasons not to let anger take the wheel in any scenario involving debt collection – or, in fact, in any aspect of your business dealings.

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Direct Recovery

APRIL 16, 2023

That one factor alone could have a substantial impact on the collections industry, and that’s before you factor in the price of gas! How Does This Impact Collections? What Can Collection Agencies Do? The post How Sky-High Vehicle Prices Could Impact the Collections Industry appeared first on Direct Recovery.

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Direct Recovery

JUNE 7, 2022

Getting hassled about an outstanding collection account over social media is the last thing any consumer wants to deal with. Still, many collection agents argue that it is the most productive means of communication in 2022. Reviewing the Fair Debt Collection Practices Act.

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Debt Recoveries

JUNE 1, 2021

Unless you are actually a debt collection expert like Debt Recoveries Australia , there is a good chance that you have quite a few higher priorities than managing your company’s accounts receivable. You might even delegate that task out to an assistant or employee without much thought to collect debts fast. CC the CEO or CFO.

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Credit Management Company

APRIL 5, 2022

One way is to hire collection agencies. Finding the best collection agency partner is a reliable way to get the money your business needs. With effective collection agents, you can get paid faster and increased legal protection. The reason for this is that collection agencies take a percentage of the debt they collect.

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