UK debt collections

MARCH 9, 2022

A London council plans to hire more debt collectors to try and prevent it losing millions of pounds in revenue each year. Harrow Council intends to hire Enforcement Agents and Debt Collectors to collect unpaid debts owing to the council. The council has plans to outsource this debt collection service.

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Nexa Collect

JANUARY 12, 2022

If you plan to outsource your accounts receivable to an aggressive collection agency, then kindly read this article and be aware of all the risks you are taking. Times have changed when collectors could easily put aggressive pressure on debtors or use forceful tactics to recover your money, without any repercussions.

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Taurus Collect

FEBRUARY 1, 2024

A debt collector might sound like a character from a Charles Dickens novel, but if you’ve been contacted by one, you know they’re very much a reality of modern financial life. So, what exactly is a debt collector? What Is a Debt Collector? Why Are They Contacting Me?

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Collection Industry News

JULY 21, 2024

One of Australia’s largest debt collectors will be taken to court after allegedly operating in Victoria despite being banned for previous illegal conduct. People in these situations can be very vulnerable to poor debt collection practices,” she said. Parts of the business were put into voluntary administration in June.

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Taurus Collect

SEPTEMBER 20, 2022

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.

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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. Both professionals can help you get your debts paid, but there are some key differences between them that you should consider before making a decision.

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Taurus Collect

SEPTEMBER 15, 2022

The debt collection industry struggles to get good press. 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. Try To Collect the Debts You Don’t Owe.

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Taurus Collect

JANUARY 20, 2023

Are you being contacted by debt collectors? 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. This allows debt collectors to assess the risk associated with extending you credit or initiating a loan.

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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. Most people think that all debt collectors are the same. Legitimacy.

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Burt and Associates

OCTOBER 31, 2024

About Transcript About CFPB 2024 Annual Report on Activities to Administer the Fair Debt Collection Practices Act I. Introduction and Spotlight on Medical and Rental Debt 1.1 Medical Debt 1.1.1 Rental Debt 1.2.1 Conclusion: Summarizes the key findings and trends in medical and rental debt collection.

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American Profit Recovery

SEPTEMBER 30, 2020

Hiring a collection agency to help with your cash flow is an important decision you need to make for your organization. We spend a substantial amount of time speaking with business owners, accounting professionals, and business managers about how they can improve their cash flow through a reputable debt collection program.

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Public Citizen

SEPTEMBER 28, 2021

An Atlanta-based debt collection company and its owners will be permanently banned from the debt collection industry under the terms of a settlement with the Federal Trade Commission. The FTC's press release is here.

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Collection Industry News

APRIL 21, 2021

The CFPB recently issued a consent order against a debt collection company and its owner over alleged violations of the CFPA and FDCPA involving misleading notices sent to consumers. The consent order imposes an $860,000 judgment and a permanent ban from any debt collection activities along with other requirements.

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Taurus Collect

MAY 12, 2024

In the realm of debt recovery, the “ no collection no fee ” debt collection strategy stands out as a beacon for ethical practice. Employing a strategy where fees are contingent not only aligns the interests of collectors with those of their clients but also fosters a culture of responsibility and respect.

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Firms

MARCH 12, 2016

The same is true of the debt collection industry. 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.

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True Accord

APRIL 21, 2022

Historically, debt collectors have been depicted as hostile, intimidating or downright rude – and over the years they’ve confirmed those stereotypes through aggressive phone calling and deceptive tactics. So what are consumers’ complaints about their experiences with debt collectors? We know there’s a better way.

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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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Collection Industry News

JUNE 14, 2021

Ciffa’s offices in Niagara Falls and Kenmore, debt collectors intimidated their victims with illegal threats of arrests and lawsuits. According to federal prosecutors, an elderly cancer patient in Texas was so rattled by the threats that she borrowed $500 from her sister to help pay off a debt of $1,285. Source: site.

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Troutman Sanders

DECEMBER 1, 2020

National Business Factors (“NBF”), a debt collection company, entered an agreement with Tahoe Fracture Clinic (“TFC”), to collect debts owing to TFC. When Urbina did not tender the amount due, TFC referred the debt to NBF for collections. The Ninth Circuit Court of Appeals held in Urbina v.

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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! However, dealing with debt collectors can be intimidating if you don’t know how to handle them properly.

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Debt Recoveries

JUNE 11, 2023

Credit control is the process of overseeing and collecting payments that consumers or clients owe your company. This may entail sending out formal demand letters, hiring a debt collection company, or, if required, filing a lawsuit. Please contact us at email@debtrecoveries.com.au or 1300 799 511.

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Taurus Collect

AUGUST 23, 2023

In the complex world of finance, debt collection remains a constant challenge. However, the landscape of debt collection has significantly evolved in recent years. 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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Debt Recoveries

APRIL 16, 2023

A lot of clients in need of debt collection assistance could be undecided about using commision-based debt collection or legal action. There are several things to think about when deciding between commision-based debt collection and legal action. The post Is Legal Action Better than Debt Collection?

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UK debt collections

MARCH 27, 2023

Private Debt Collection firms being hired The HMRC is hiring private debt collection firms to recover owed monies from universal credit claimants. Debt Collectors are being hired to chase overpayments from universal credit claimants. Sky News made contact with the HMRC in relation to two cases.

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Collection Industry News

JUNE 14, 2021

Jason Nocera anticipated law enforcement authorities might raid his debt collecting business. The government alleged that Nocera gave his debt collectors drugs to make them more aggressive. Consumer Financial Protection Bureau and the New York State Attorney General’s Office over his unlawful debt collection practices.

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Taurus Collect

OCTOBER 21, 2022

Tax season is known as winter holidays in collections. It is considered the busiest time of the year to pay off debts. However, it is also a great time to recover debts from overdue accounts. Customers with past-due accounts use income tax refund amounts to settle late bills, resulting in higher collection rates.

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Collection Industry News

JULY 12, 2021

A recent decision in the 3rd Circuit should prompt debt collectors to review their inclusion of viewable bar codes, QR codes or other technologies when sending debt collection letters. Preferred Collections and Management Services, Inc. , Preferred Collections and Management Services, Inc. , In Morales v.

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Collection Industry News

AUGUST 4, 2020

Days after her call to Consumer Investigator Shannon Behnken, she says Humana Insurance called her to say they are sending additional payment proof to the debt collector. “I Matinzi turned to Better Call Behnken for help after receiving bills from a debt collection company that is threatening to send the debt to credit bureaus.

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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. Think about it!

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Troutman Sanders

AUGUST 31, 2023

On August 22, a district court judge in the Western District of New York denied the defendants’ motions to dismiss a case brought by the Consumer Financial Protection Bureau (CFPB) alleging violations of the Fair Debt Collections Practices Act (FDCPA) and Consumer Financial Protection Act (CFPA).

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UK debt collections

JUNE 11, 2021

The High Court has shut down a rogue Debt Collection Agency it has emerged. The Debt Collection Agency spuriously claimed to be able to collect debts from liquidated companies. Global Investigations and Recoveries Ltd would contact creditors of liquidated companies.

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Credit Management Company

JULY 14, 2021

Everyone in the debt collection industry is familiar with the Fair Debt Collections Practices Act (FDCPA). Reputable collections agencies willingly follow these rules and treat patients with compassion and respect. Preferred Collection and Management Services, Inc. Now the FDCPA is in the news again.

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Debt Collection Answers

MARCH 18, 2016

Under the federal Fair Debt Collection Practice Act, a debt collector generally is a person or a company that regularly collects debts owed to others, usually when those debts are past-due. Debt collectors include collection agencies or lawyers who collect debts as part of their business.

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Collection Industry News

MAY 10, 2023

As a result of actionby the Federal Trade Commission and the Commonwealth of Pennsylvania, debt collection company International Credit Recovery, Inc. ICR), officer Richard Diorio, Jr., The FTC and Pennsylvania alleged that ICR was a key part of a telemarketing scheme run by American Future Systems, Inc., (AFS),

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Taurus Collect

JULY 14, 2022

Moreover, the older the obligations get, the harder it is to collect the payment. However, hiring a reputed debt collection agency will significantly help you as they will use multiple methods to locate your debtors and help you effectively gather your amounts. This helps them smoothly carry out their debt collection process.

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Collection Industry News

SEPTEMBER 8, 2020

Article 6 Investment Law 2020 stipulates that “Debt Collection Service” is one of the businesses that are prohibited from investment. This regulation will come into force on 1 January 2021, whereby service contracts for debt collection concluded before that will be invalidated.

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Debt Recoveries

MAY 14, 2023

Recovering unpaid debts can be a time-consuming and expensive process, which often requires expertise and the right tools that most companies lack. As a debt collection expert, it’s evident that outsourcing debt recovery to a professional debt collection agent has become increasingly popular among smart companies.

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