Remove Collection Agent Remove Collections Remove Loans
article thumbnail

Banks hire 100’s of Debt Collection Agents ahead of Covid Loan repayments

UK debt collections

The UK’s leading High Street banks are strengthening their Debt Collection teams ahead of the emergency covid loan defaults. The UK’s four largest banks are said to have hired over 750 new Debt Collection staff to their debt recovery units in a major challenge facing them.

article thumbnail

5 Ways to Reduce Your Debt and Avoid Collections

The Kaplan Group

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. Consolidate your loans. Prioritize your bills. .

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Compliance Digest – August 19

Account Recovery

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.

article thumbnail

Compliance Digest – August 19

Account Recovery

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.

article thumbnail

TrueAccord Featured in Aite Group’s Spotlight on Disruptive Fintech

True Accord

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.

article thumbnail

re:ceeve Partners with Ferratum, Signaling a Shift to a New Standard in Collections

Re:Ceeve

How can a business continuously improve its collections processes and further grow? Founded in 2005 and headquartered in Helsinki, they are an international provider of mobile banking as well as digital consumer and small business loans. ?We Utilising AI-based decision making to optimise collections messaging. Ferratum? -

article thumbnail

How To Deal with Debt Collectors When You Can’t Pay

Better Credit Blog

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.