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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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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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. Clear Communication and Transparency In adopting a no cure no pay debt collection model, a commitment to clear communication and transparency becomes paramount.

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Credit Management Company

SEPTEMBER 30, 2022

When individuals or businesses fall behind in payments, the situation often results in frustration and a breakdown in communication for both the debtor and the creditor. Building positive relationships, or at least productive ones, goes beyond the baseline step of following the Fair Debt Collection Practices Act (FDCPA).

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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. Check the time whenever you receive a call for debt collection.

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Taurus Collect

MAY 12, 2024

In the rapidly evolving landscape of the debt collection industry, staying ahead of emerging trends is crucial for success. 2024 promises to bring significant changes, with the “ no collection no fee ” debt collection model standing out as a key player. This approach is reshaping strategies across the board.

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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. Can a debt collector collect after 10 years? Here’s an overview of the timelines for debt collection and what to do if you’re contacted about an old debt.

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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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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. This is factored into debt collection quotes.

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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. Entities are performing debt collection activities.

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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. 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.

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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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Taurus Collect

OCTOBER 21, 2022

Tax season is known as winter holidays in collections. Customers with past-due accounts use income tax refund amounts to settle late bills, resulting in higher collection rates. Customers with past-due accounts use income tax refund amounts to settle late bills, resulting in higher collection rates. Do you want to know how?

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UK debt collections

APRIL 4, 2023

A COMPANY linked to an Outlander star has been accused of stealing tens of thousands of pounds from desperate firms in a debt collection scam , The Scottish Sun can reveal. It is understood that the alleged scam started with a business allowing Vanguard to collect a debt on their behalf by signing it over to them.

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Taurus Collect

DECEMBER 18, 2023

This is where a commercial debt collection agency comes into play. One of the key trends in this industry is the ‘no collection no fee debt collection’ approach, a cost-effective solution for businesses grappling with unpaid debts. Transparency : Transparency in fees and collection practices is crucial.

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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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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. How Digital Debt Collection Drives Success? Maintain Regulatory Compliance.

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Debt Recoveries

JULY 23, 2023

This is a situation when Australian businesses may find it prudent to outsource debt collection services. Businesses can save time and money by delegating this crucial task to experts, and they’ll also increase their chances of collecting unpaid bills. This not only increases output but also maintains staff happiness and morale.

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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. Do they have insurance?

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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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Taurus Collect

JANUARY 10, 2024

In such circumstances, resorting to a commercial debt collection agency becomes not just an option, but a necessity. A popular choice among UK businesses is a “ No Cure No Pay ” debt collection service. A debt collection agency can use its expertise to break this communication barrier.

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Troutman Sanders

JULY 31, 2020

The Middle District of Pennsylvania recently held that including line items for interest and fees in a debt collection letter when no interest or fees are sought does not violate the Fair Debt Collections Practices Act (“FDCPA”). ACS”), seeking to collect a consumer debt. In Reyes v. Associated Credit Servs. ,

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Taurus Collect

FEBRUARY 1, 2024

That’s where a debt collections service steps in—a critical intermediary that takes on the task of pursuing delinquent accounts to ensure that owed funds are recovered. At this juncture, the creditor may turn the account over to an internal collections department or an external debt collection agency.

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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

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. Threaten To Arrest You.

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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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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. If you are looking for a collection agency , look no further than us.

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Credits Inc

SEPTEMBER 20, 2019

7,837 debt collection companies. That being said, there is still a significant need for agencies that can help creditors collect on delinquent debts. That being said, there is still a significant need for agencies that can help creditors collect on delinquent debts. Outsourcing your collection efforts to firms providing.

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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. had been usin g an Automated Telephone Dialing System (ATDS) for collection efforts. This can be done on first contact with the debtor. The 2013 decision in Nelson v.

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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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Debt Recoveries

OCTOBER 31, 2021

The repairs to the vehicle can then be recovered or collected from the at-fault party. This recovery or debt collection can be done internally or externally, by a debt collection company. . We make initial contact with the debtor in a friendly way, acting as an agent of the insurance company.

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Taurus Collect

APRIL 3, 2023

We will provide an overview of the legal requirements, the timeline for debt collection, potential solutions as well as key tips for achieving optimal success when trying to collect unpaid invoices owed by UK customers. Each country has its own laws and regulations, and the UK is no exception.

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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? Businesses or individuals who collect debts on behalf of others are known as debt collectors. The majority of debt collectors work for reputable collection companies. That’s why we’re here to help. Unfairness.

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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. Your Rights : As a debtor, you have rights that you can and should exercise.

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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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Collection Industry News

DECEMBER 21, 2020

Court of Appeals for the Ninth Circuit recently reversed an award of summary judgment in favor of a defendant debt collector against claims that it violated the federal Fair Debt Collection Practices Act (FDCPA) by attempting to collect a debt that was discharged in bankruptcy and no longer owed. Wells Fargo Bank , N.A.,

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Taurus Collect

MAY 15, 2019

Libby James, Director of midlands based firm Merchant Advice Service , talks to Taurus Collections about the importance of accepting card payments within Debt Recovery industries. In more recent years, she has coupled with Voice Connect to provide automated IVR telephone payment operations to Debt Collection firms nationwide.

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