Remove Collection Companies Remove Collections Remove Creditors
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Hiring the right collection agency has its advantages

American Profit Recovery

In the not too distant past, a business that hired a collection agency was doing so as a last resort. They had customers that were not paying, they called, sent letters, and decided that the only thing they could do was to get rid of that customer and send them to collections. Getting paid quicker. Keeping your customers.

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TrueAccord Announces Results Confirming Effectiveness of Digital-First Retain Product for Early-Stage Delinquencies

Account Recovery

Jan 25, 2022 — TrueAccord Corporation, a debt collection company offering machine learning-powered digital recovery solutions, today announced results following the September 2021 rollout of Retain, the client-branded product that addresses early-stage recovery challenges for organizations with customers with delinquent accounts.

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Martin Lewis investigates shady actions by UK Debt Collection Company

UK debt collections

In the United Kingdom, an intriguing scenario has surfaced within the UK’s debt collection sector and the infamous Martin Lewis. Barratt Smith Brown, a prominent player in the realm of UK Debt Collection for utilities, has allegedly been pursuing outstanding balances from previous customers of Igloo Energy and Together Energy.

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Small Business Bad debt increases by 127%

UK debt collections

This can so often be devastating – not only to the creditor, but to those businesses within their supply chains.” Some Debt Collection Companies for Small Businesses have also seen a rise in enquiries for their services in line with the hike.

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How Do Debt Collection Companies Operate?

Taurus Collect

The debt collection process involves recovering debts from the borrower who has initially failed to repay or recover payments on accounts that are past their due date. When asked about “what collection agencies do?”, Debt collection varies depending on the company collecting the debt. The Process.

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How To Know the Difference Between Legitimate Debt Collection Company and Scams?

Taurus Collect

Dealing with debt collection issues can be overwhelming, especially when you are unsure if the person contacting you is legitimate or a scammer. When an account becomes past due, your creditor may attempt to collect the amount owed or hire a debt collection agency. A Scammer Will Contact You Before or After Working Hours.

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Can Debt Collectors Call on Holidays?

Credit Corp

The good news is there are protections in place to eliminate abusive and unfair debt collection practices. The Fair Debt Collection Practices Act (FDCPA) notes that a debt collector may not communicate with a consumer “at any unusual time or place or a time or place known or which should be known to be inconvenient to the consumer.”