Collection Industry News

SEPTEMBER 8, 2020

Entities are performing debt collection activities. Debt collection means requiring debtors to pay creditors outstanding due or overdue amount or property as obligated by a contract or by a decision of a competent State’s authority. Creditors must have a legal basis and a set of evidence debt payment demand.

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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. Each state has a law referred to as a statute of limitations that spells out the time period during which a creditor or collector may sue borrowers to collect debts.

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Taurus Collect

SEPTEMBER 15, 2022

When selecting your potential debt collectors, ensure they have the proper knowledge, qualifications, certifications, and experience to ensure that your collection tasks are taken care of professionally. Furthermore, debt collection agencies cannot issue an arrest warrant or put people in jail. Try To Collect the Debts You Don’t Owe.

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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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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. A debt collector is an entity, often a third-party agency, hired by creditors to recover funds that are past due or accounts that are in default. So, what exactly is a debt collector?

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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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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

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 10, 2015

Choosing the right debt collection agency is an important decision that can have both positive and negative repercussions for your business. With that in mind, here are three tips to choose the right collections company to manage your accounts receivable. Research the Company. Are they licensed and do they need to be?

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Sawin & Shea

DECEMBER 22, 2021

When you file for bankruptcy, creditors evaluate pre-bankruptcy spending to ensure that you are not trying to take advantage of the bankruptcy process. If you file for bankruptcy after making significant holiday purchases, you may give creditors a chance to accuse you of fraud. How Can I Benefit from Filing Before the Holidays?

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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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Debt Recoveries

JULY 23, 2023

These organisations are quite familiar with Australia’s legal system and regulatory environment as it relates to debt collecting. They are knowledgeable about the methods and approaches needed to deal with creditors and arrange repayment schedules. Australian businesses can benefit financially from outsourcing debt collection.

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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. That is a fact of line.,

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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. debt collection and recovery services.

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FDCPA Defense

JANUARY 28, 2012

Even original creditors, who are not subject to the FDCPA, are being drawn into FDCPA litigation under various theories of recovery. For example, generally speaking, the Act applies only to “debt collectors” who regularly attempt to collect debts that are “due another.” Retrieval Masters Creditor Bureau, Inc. , See Wadlington v.

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Better Credit Blog

APRIL 1, 2022

Also, others cited that Credence did not remove the collection from their credit reports after the creditor negotiated an agreement with them. The Fair Debt Collection Practices Act provides several protections from collection agencies, so it is important to know your rights. They don’t have any magic formula.

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Taurus Collect

JANUARY 20, 2023

It’s important for debt collectors to check a person’s credit report because this information shows how reliable they are as a debtor. Some debt collection companies have been accused of using aggressive tactics to collect money from consumers even when they aren’t able to pay back what they owe.

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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. On the other hand, debtors have a right not to be unreasonably harassed for several good reasons.

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Collection Industry News

JANUARY 19, 2021

Giving these companies government money was a terrible idea,” said Don Yarbrough, a lawyer in Fort Lauderdale, Fla., who represents debtors in collection cases. The government loans to debt collectors essentially finance “debt collection against people who already are dealing with a global pandemic.”. Andrew Harnik/AP).

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Collection Industry News

JANUARY 13, 2025

Under North Carolina law, a debt judgment is issued by the court when a creditor successfully sues a debtor. If the debtor owns real estate, the debt judgment automatically becomes a lien on that property preventing the owner from buying, selling or refinancing without paying the debt.

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