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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Direct Recovery

APRIL 18, 2023

Commercial debt collection describes the process of hiring a professional collection agency to recover debts that are owed to your business. In most cases, some qualifications and credentials will be required to distinguish that you are working with a reputable collection agent.

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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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Direct Recovery

APRIL 16, 2023

The best way to avoid or resolve a wage garnishment from a collection situation is to start by understanding everything you can about the problem, which is taking a big chunk out of your regular paycheck. The first step in implementing a wage garnishment is for the collection agent to obtain a judgment against the debtor.

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The Kaplan Group

JUNE 25, 2020

Reports of being sent to collections or having outstanding judgments are big red flags for creditors and have a significant negative impact on credit ratings. If you can’t pay everything on time, don’t just hide from your creditor. If a collection agent calls you, don’t ignore it.

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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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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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The Kaplan Group

JANUARY 19, 2021

Keep in mind, the FDCPA gives you the right to ask any collection agency to provide you with a detailed account of how the total debt amount was calculated and the name of the original creditor. You can read more tips for dealing with collection agents here.

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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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Taurus Collect

JANUARY 23, 2023

Secondly, during tax season, many creditors will offer incentives and discounts to encourage individuals to repay their debt. Lastly, creditors may be more willing to negotiate payment plans and lower interest rates during tax season due to increased competition among lenders and increased consumer confidence levels.

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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.

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Collections Debt collector Legal Collections Collection Agent 59

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. Training and Professional Development: Providing ongoing training and professional development for collection agents is vital.

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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. Due to the nature of their business, debt collection agencies are regulated by federal and state law. Collecting debts from the USA is not an impossible task.

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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

Even if the business cannot pay immediately, having a guarantee makes it more likely the guarantor will talk with you, or your collection agency. They are more likely to give time and information to creditors who have a guarantee to avoid having you immediately escalate the matter. 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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Taurus Collect

APRIL 3, 2023

After this period has expired, creditors have no legal recourse for collecting their debts and the debtor may no longer be pursued for unpaid funds. Two main methods are pursued by creditors to reclaim any outstanding funds; voluntary payments and legal action.

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PDC Flow

JANUARY 19, 2024

The first question Bender asked that debt collection agents need to consider is: How much information is too much when you’re speaking to a consumer about a debt? You are knowledgeable about the billing and collections strategies of the creditors you represent. Understanding your role as a debt collector is step one.

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