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.

Collection Agent 52

Collection Agent Collections Debt collector Collection Agencies 52

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. Defining Types of Communication.

Debt collector 52

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

Credit Management Company

DECEMBER 20, 2018

The keys to successful collections during this time of year call for increased flexibility, diplomacy and a few of the following tips. Collection agencies are well aware of the limitations governing their businesses via the Fair Debt Collection Practices Act. Timing is Everything.

Collections 53

Collections Healthcare Collection Agent Collection Agencies 53

Sawin & Shea

FEBRUARY 1, 2023

Under the FDCPA (Fair Debt Collection Practices Act), third-party debt collection agents are not allowed to contact you asking for payment once you have filed for bankruptcy. Inform the caller that you have filed for bankruptcy and tell them to stop contacting you. Give the caller your case number.

Debt collector 64

Debt collector Bankruptcy Creditors Collection Agent 64

Collection Industry News

JUNE 24, 2023

Here are some common risk mitigation strategies in debt collection: 1. Compliance with Applicable Laws and Regulations: Collection agencies must have a thorough understanding of relevant debt collection laws, such as the Fair Debt Collection Practices Act (FDCPA) in the United States, and adhere to them strictly.

Collections 40

Collections Collection Agencies Collections Agency Collection Agent 40

Payment Savvy

JUNE 16, 2020

For example, the Fair Debt Collection Practices Act (FDCPA) prohibits abusive, deceptive, and unfair practices during debt collection. As such, you want agents to be well-trained before ever speaking a word to a debtor. In the same vein, the wrong word choice could open your agency to liability.

Collections 52

Collections Debtor Collection Agencies Collections Agency 52

Better Credit Blog

DECEMBER 2, 2020

Many people aren’t aware that they are protected by the Fair Debt Collection Practices Act. The FDCPA sets standards for how debt collectors interact with consumers. For instance, it keeps collection agents from calling you late at night and early in the morning.

Collection Agencies 52

Collection Agencies Collections Agency Debt collector Collections 52

FDCPA Defense

APRIL 17, 2019

The “meaningful attorney involvement” doctrine evolved out of the Fair Debt Collection Practices Act, 15 U.S.C. at 228, and that the “true source of the ‘attorney’ letters was a collection agent who pushed a button on the agency’s computer.” How did everything go wrong for creditors’ rights attorneys? 1692, et seq.

Lawyers 40

Lawyers Creditor's Rights Law Firms Creditors 40

Collection Industry News

MAY 11, 2021

Miller, a Kenmore debt collector, is under investigation by federal Homeland Security Investigations agents for alleged wire fraud in connection with unlawful debt collecting. Agents seized $90,385 from Miller in 2020 while executing a raid at a Kenmore home he owns. Provided by Mark M.

Debt collector 40

Debt collector Government Collections Collection Agent 40