Taurus Collect

MAY 12, 2024

This not only aligns the objectives of the debt collection agency with those of its clients but also reassures clients that they’re entering a risk-free partnership. For a debt collection agency operating in the diverse and dynamic landscape of Manchester, such skills are indispensable.

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Taurus Collect

FEBRUARY 1, 2024

Understanding the Debt Collection Process The debt collection process typically initiates once a creditor concludes an account is non-performing, meaning the debtor has missed payments for several months. Payment Plan Negotiations : Collectors will often try to work out a payment plan or settlement agreement with the debtor.

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Taurus Collect

MAY 12, 2024

In this blog post, we will explore six pivotal trends set to dominate the sector in 2024, focusing on how the “no collection no fee” model is transforming debt recovery practices. This data-centric strategy aids in identifying the most effective communication channels and timings for reaching debtors.

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National Service Bureau

APRIL 6, 2015

Debt collection companies walk a fine line between business efficiency in their primary function (accounts receivable management), while at the same time needing to respect the fact that the debtor is a valuable client to the business for whom they are running collections. 5: Improper contact or sharing of information.

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National Service Bureau

JUNE 10, 2015

In reality, debt collection agencies are the most useful means to get someone who has a legitimate contractual obligation to make good on their promise so that the honest businessman (perhaps yourself or your company) on the other side of the trade doesn’t get left holding the bag. Research the Company.

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Taurus Collect

SEPTEMBER 15, 2022

The harmful or illegal actions of a few unprincipled companies have overshadowed the value and importance of debt collection agencies that diligently return money to their actual owners. Pretend To Work For a Government Agency. They are prohibited from claiming to be working for a consumer reporting agency.

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Firms

MARCH 12, 2016

I had never given the debt collection industry much thought but once I had started doing some investigating into the industry I quickly realized all the ways I could improve upon the experience and services that were being offered by the industry leaders. Calls someone repeatedly to obtain debtor’s location.

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Nexa Collect

AUGUST 6, 2020

While it’s smart to initially attempt collection on your own, there’s only so much work you should do. Trying to collect a bad debt is draining on your time and your resources. Eventually, it makes sense to pass the task on to a professional debt collection company. Need a Collection Agency easy to work with?

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Taurus Collect

MAY 4, 2022

Dealing with difficult debtors for debt collection can be challenging and burdensome. However, debt collection is a vital part of a comprehensive credit risk management system for every business, whether commercial or consumer. All debt collection agencies should have FCA authority to carry out their business operations legally.

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Taurus Collect

OCTOBER 21, 2022

However, it is recommended to take the assistance of a professional debt collection agency in town to ensure successful collections. What are the Workings of Tax Season Debt Collection Strategy? During fall, the early stage of collection strategies involves only discussing tax refunds if and when debtors introduce them.

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Taurus Collect

FEBRUARY 1, 2024

Simply put, it’s an individual or a debt collection agency in the UK employed by a creditor to retrieve funds that are overdue. Let’s take a closer look at the role of debt collection agencies and what your rights are when interacting with them. So, what exactly is a debt collector? What Is a Debt Collector?

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Nexa Collect

JUNE 20, 2020

What happens when they dread pursuing collections because it’s become their full-time job? This is where hiring a collection company to aid in the recovery effort can make sense. Collection companies are not elegant or glamorous, and many have less than a decent reputation. Serving Nationwide. Contact us .

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UK debt collections

APRIL 20, 2022

Getting Debt Collection quotes is on the rise in the UK as is the use of debt collection agencies. The first Debt Collection quotes site in the UK was launched in 2013. Best4debtcollection.co.uk (Best4) was launched to marry creditors with suitable debt collection agencies. Underhand yes, illegal no.

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Taurus Collect

AUGUST 23, 2023

In this blog post, we’ll explore six best practices that exemplify modern debt collection strategies, promoting efficiency while maintaining respect for the debtor’s circumstances. It is especially important to know the laws if you are considering a no cure no pay debt collection agency in the UK.

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Qualco

JULY 13, 2021

Due to the “Act to Improve Consumer Protection in Debt Collection” law that came into effect last year, the Debt Collection Agencies market in Germany is facing challenges. What debt counsellors and consumer protectors described as “long overdue” poses massive economic challenges for many debt collection companies in Germany.

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Debt Recoveries

APRIL 16, 2023

A debt collector and lawyer who focuses on debt collection advises clients to pursue payment of their obligations as soon as possible since the longer they wait, the more difficult it will be to do so. Being the first to act is also crucial because debtors can owe money to other parties who are also attempting to get paid.

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Taurus Collect

JANUARY 24, 2023

But while it can be exciting to think about that refund cheque hitting your bank account soon, there’s another equally pressing reason why you should pay attention this tax season – debt collection! These companies typically employ several tactics in order to recover debt, including phone calls, emails, letters, and even legal action.

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Taurus Collect

OCTOBER 20, 2022

Debt collection agencies help alleviate the financial stress of businesses. As a result of these changes, in today’s era, digital debt collection practices aren’t just a necessity but a “must-have” operational model for businesses. At Taurus Collections (UK) Ltd., Maintain Regulatory Compliance.

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Recoverity

DECEMBER 7, 2021

Our commercial debt collection agency is certified by the oldest and most prestigious creditors’ rights association in North America, the Commercial Law League Of America (CLLA). The post GGR appeared first on Recoverity.

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UK debt collections

MARCH 16, 2022

A Business having debts of its own can sometimes be inevitable but this can often be caused by a Business not actively chasing its own debtors. It is very often difficult enough for Small Businesses to perform debt collection and is often very taxing on time and resources. Why Business Debt Collection Matters.

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Firms

MARCH 15, 2019

Since you have a business to run and often are crammed for time juggling your daily tasks, you probably don’t have the time to follow up on each and every debtor personally. Hence, using a collection agency is your best bet at recovering past due balances. And FIRMS is one of the best in the business.

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Sawin & Shea

JULY 20, 2022

Have you ever been incessantly contacted by a debt collection agency trying to get money from you? It can be difficult to understand just what exactly these agencies are legally allowed to do, and what crosses the line. Businesses or individuals who collect debts on behalf of others are known as debt collectors.

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Debt Recoveries

JULY 23, 2023

The availability of cutting-edge equipment and technology is another significant benefit of outsourcing debt collection. Modern software systems, which debt collection companies invest in, expedite every step of the process, from recording and monitoring debts to producing automated reminders and reports.

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Taurus Collect

FEBRUARY 23, 2023

If you’re in debt, you may be wondering if it’s better to hire a debt collection agency or lawyer to help you recover the money you owe. On the other hand, debt collection companies have a wide range of debt recovery options that are more effective in recovering debt, albeit at a higher cost.

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Taurus Collect

APRIL 3, 2023

Understanding the UK’s Statute of Limitations on Debt Collection When dealing with international debtors, it is important for companies to understand the limitation laws of the country in which they are collecting money. They also need to be aware of their rights should court proceedings become necessary.

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National Service Bureau

JUNE 26, 2015

A lot has been written about the number of complaints turning up at the CFPB regarding debt collection companies. It’s important to take the statistics with a grain of salt because the sheer number of complaints is not (in and of itself) an indicator of either good or bad debt collection behavior.

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Credits Inc

SEPTEMBER 20, 2019

7,837 debt collection companies. In the last decade, the total number of agencies has declined as the economy has gotten past the effects of the 2008 financial crisis. That being said, there is still a significant need for agencies that can help creditors collect on delinquent debts. Are They Insured?

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Collection Industry News

DECEMBER 21, 2020

In January 2009, after a homeowner (“debtor”) fell behind on his homeowners’ association (HOA) dues, a law firm acting as a debt collector for the HOA sent notices to the debtor regarding the unpaid debt. The law firm filed a separate proof of claim for the HOA, and the debtor’s Chapter 13 plan was eventually confirmed.

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Better Credit Blog

APRIL 1, 2022

The longer you avoid a debt collection agency like Credence, the more damage the agency can do to your credit score. Should I Hire a Credit Repair Company? Credence Resource Management, LLC, is a debt collection agency that was founded in Nevada in 2013, with its current headquarters in Dallas, Texas.

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Credit Corp

DECEMBER 14, 2020

Whether you have medical debt, credit card debt or unpaid student loans , getting calls or letters from debt collection companies can be frustrating. This means that even a debt that is older than that may still be able to be collected on if you’ve made a payment sometime in the last four to six years. Settle it.

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Debt Recoveries

JUNE 26, 2022

The vehicle’s repairs can then be reclaimed or collected from the responsible party. Internally or externally, by a debt collection company, this recovery or debt collection might be done. . As an agent for the insurance company, we initiate initial contact with the debtor in a courteous manner.

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National Service Bureau

APRIL 2, 2015

The Consumer Financial Protection Bureau (CFPB) releases raw data every year regarding complaints and collection agencies. At National Service Bureau we pride ourselves on ethical collection processes. If a debtor has a complaint about collection agency behavior, the CFPB is where they report it.

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Taurus Collect

MAY 2, 2022

However, understanding the actual issues and their origin with the assistance of a well-experienced debt collecting company will help you avoid major financial problems while enabling you to focus on your business’s growth. Look no further than Taurus Collections (UK) Ltd. Keep cash flowing.

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Taurus Collect

JANUARY 20, 2023

It can be tricky trying to deal with a debt collection agency , but understanding why and how they check your credit score is the key to regaining control of the situation. It’s important for debt collectors to check a person’s credit report because this information shows how reliable they are as a debtor.

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National Service Bureau

OCTOBER 5, 2015

Santander teaches debt collection agencies some important lessons about liability a nd communication when contacting consumers during collection efforts. 425.304 as a result of the agency “calling her cell phone 1026 times and leaving her 116 prerecorded messages” among other things. The 2013 decision in Nelson v.

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Collection Industry News

JUNE 14, 2021

The 2019 stipulated judgment also required a MacKinnon business associate, Mark Gray, and his company Delray Capital LLC, to pay $10,000 toward a $6 million judgment against them, and banned them from the debt collection industry. The settlement also permanently banned them from debt collection. million to settle the case.

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National Service Bureau

SEPTEMBER 30, 2015

The utility of automated dialing equipment has a two-sided nature in the world of accounts receivable management (collections). On one hand, creditors have a right to receive payment for good and/or services provided to debtors. Calling to collect on those accounts past due is a reasonable step towards financial conflict resolution.

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