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A Collection Agent Is Calling: Help!

The Kaplan Group

So, it’s no surprise that people are falling behind on their bills, and that some people have received calls from a collection agent. If you are receiving calls from a collection agency, the most important things to know are that you should not panic and you should not ignore the call. But scammers are out there.

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

UK debt collections

Natwest is reported to have taken on an extra 150 debt collection agents to handle recovering overdue covid loans whilst the HSBC has taken on nearly 200 extra to help tackle the expected problems. Some banks were accused of employing heavy handed and aggressive debt collection practices. “We

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5 Things a Commercial Debt Collection Agency CANNOT Do to Help You

Direct Recovery

Attempt to Collect Time-Barred Debts Commercial debt collection agencies are also going to be held to the same rules and regulations as anyone else when it comes to time-barred debts. The post 5 Things a Commercial Debt Collection Agency CANNOT Do to Help You appeared first on Direct Recovery.

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Can Debt Collectors Make Contact Through Social Media?

Direct Recovery

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. Consumers also have the option to opt out of any form of communication with a debt collection agency.

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Debt Collection Process: Using a Revenue Recovery Service

Nexa Collect

Your collection agency will analyze your contract(s) and see where the breaches have occurred, if there are potential penalties or incentives that might be used to motivate the debtor to pay, and even help you better understand how to protect yourself in the future.

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The Economic Impacts of the Debt Collection Industry

Credit Management Company

According to a survey from ACA International’s Ernst & Young , the federal government collected $852 million in taxes from the industry in 2016. State and local governments collected $652 million, paying for things like: Transit infrastructure. Collection efforts are not a zero sum game. Public utilities.

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Top 6 Complaints Against Debt Collection Companies

National Service Bureau

Of these, 239 involved medical collections and another 240 involved student loans. Debt collection companies who deal in healthcare collections are governed by the Health Insurance Portability and Accountability Act and its “privacy rule” for Protected Health Information (PHI). Government. Did you know that.