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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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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Collection Agent Debtor Collection Agencies Collections Agency 52

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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Collections Debt collector Legal Collections Collection Agent 59

Sawin & Shea

FEBRUARY 1, 2023

Fielding constant phone calls from creditors can be unnerving and stressful – and stress can have a cumulative effect on your physical health as well as your emotional well-being. That’s why it can be especially disheartening if creditors keep calling. Some creditors are actively trying to take advantage of you. It is illegal.

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Debt collector Bankruptcy Creditors Collection Agent 64

Direct Recovery

FEBRUARY 7, 2021

In what is supposed to be an increase in protections offered to consumers, an updated version of the Fair Debt Collection Practices Act (FDCPA) was passed in the fall of 2020 that brings that iconic piece of legislation up to date with modern forms of communication. This has long been a point of confusion among consumers and agents alike.

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Debt collector Third-party Debt Collectors Collection Agent Original Creditor 52

Taurus Collect

JANUARY 23, 2023

Tax season can be incredibly stressful for business owners, with many wondering how the financial decisions they make today could affect their future debt collection. In this article, we’ll explore what you need to know about taxes and debt collection to ensure that your organisation remains solvent as tax season approaches.

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Collections Debt collector Creditors Collection Agent 52

Direct Recovery

SEPTEMBER 16, 2022

In fact, it is considered reasonable for debt collectors to attempt to reach a consumer by phone one time each week, unless the consumer has provided the collection agent with a specific written request that they stop trying to contact them by phone. Send Letters (But Not Too Many). Garnish Your Wages (If They Obtain a Judgment).

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Debt collector Collection Agent Garnishment Judgment 52

Collection Industry News

JUNE 24, 2023

Risk mitigation strategies in debt collection are measures and practices implemented by collection agencies or creditors to minimize potential risks associated with debt collection activities. Here are some common risk mitigation strategies in debt collection: 1.

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Stevens Lloyd

JULY 30, 2018

Due to the skyrocketing ratio of import/export trade worldwide, it is imperative for creditors in the U.K. The roles played by Credit Bureaus and collection agencies. The information provided by the databases helps to determine if there is a need to initiate the collection process or start litigation.

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Debt Recovery Collection Agencies Collections Agency Collections 40

CSA

MARCH 24, 2021

Creditors and collections agencies have continued to signpost customers towards independent and free debt advice throughout this period, and with StepChange Debt Charity marking the week of 22 March as ? with creditors and collections agencies to the wider public on a larger scale. early engagement?

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Collection Agencies Collections Agency Creditors Collection Agent 52

The Kaplan Group

JANUARY 19, 2021

With the new rules, collection agencies can contact consumers more frequently. They can place up to seven debt-collection phone calls per week (and under some circumstances even more), as well as send an unlimited number of text and email messages and private social media posts. Debt collectors can call you more often.

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Debt collector Collections Agency Collection Agencies Collection Agent 59

FFGN COLLECT NY

APRIL 20, 2021

You receive a callback but the person calling you is not from the firm that filed the suit, but rather is from a collection agency that claims they have authority to negotiate on behalf of the creditor. Once you receive this, you know that any settlement negotiated with the collection agency is valid. What should you do?

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Law Firms Collection Agencies Collections Agency Collection Agent 40

Debt Recoveries

SEPTEMBER 5, 2021

When we put the action on hold, we will contact any Collection Agent or solicitor that we have appointed and tell them the action is on hold. . Standards for collecting money . When we, our Collection Agent or solicitor, first communicates with you about any money owed, then we will ensure that .

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Collection Agent Debt Recovery Bankruptcy Collections 52

Taurus Collect

APRIL 3, 2023

We will provide an overview of the legal requirements, the timeline for debt collection, potential solutions as well as key tips for achieving optimal success when trying to collect unpaid invoices owed by UK customers. Two main methods are pursued by creditors to reclaim any outstanding funds; voluntary payments and legal action.

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Debt Recovery Debtor Collections Collection Agent 52

Roths Child Law

SEPTEMBER 29, 2020

Are collections agents calling you all the time? If you're phone seems to be ringing off the hook with callers saying their calling on behalf of a creditor to attempt to collect a debt you owe, it might be a sign that it's time for you to consider alternative forms of debt relief such as bankruptcy.

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Debt Recoveries

NOVEMBER 13, 2020

Hi, my name is Adam Stewart, Debt Collection Professional and owner of Debt Recoveries Australia and ADC Legal-Litigation Lawyers. Even if the business cannot pay immediately, having a guarantee makes it more likely the guarantor will talk with you, or your collection agency. Most debtors owe multiple vendors, not just one.

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FDCPA Defense

APRIL 17, 2019

Although this scenario may sound far-fetched, it is an everyday occurrence for creditors’ rights attorneys, who have been targeted by “meaningful attorney involvement” lawsuits for years. The CFPB is expected to announce proposed debt collection rules in the near future that may incorporate the theory. 1692, et seq. the “FDCPA”).

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Lawyers Creditor's Rights Law Firms Creditors 40

PDC Flow

JANUARY 19, 2024

The virtual conference for frontline and upper management debt collectors hosted several experts including debt collection industry professional Harry Strausser III. He spoke on maintaining a positive professional image–something that can be especially difficult in the collection industry. PDCflow can help.

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