Account Recovery
MARCH 4, 2025
Don’t look now, but there was an enforcement action involving a debt collection company announced by a federal regulator. First, they allegedly misrepresented themselves as attorneys or members of a law firm. The claims: The complaint accuses the defendants of multiple illegal practices.
Turbo Recovery
MARCH 19, 2018
These are the five ways our company goes the extra mile for our clients. Liquidity Rate Liquidity rate is perhaps the single most important aspect of any debt recovery agency and law firm. The liquidity rate is determined by the collections rate for the files placed with our office.
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NCBA Law Practice Management Blog
JANUARY 12, 2021
The reason your accounts receivable are high, is the same reason every other process in your law firm is relatively untamed: because you don’t apply systems to managing your business. Everything in your law firm should be systematized. Collect on those stale invoices first, work on everything else after.
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.
FDCPA Defense
FEBRUARY 20, 2012
The CFPB claims to have the right to obtain privileged documents from all “supervised institutions” as well as from any “service provider” (such as a law firm or collection agency) who performs material services for a supervised institution. The answer may depend on who you ask. Wrong again.
Better Credit Blog
APRIL 3, 2022
Having a debt collection company on your credit report could pull down your credit score by as much as 100 points — if you had excellent credit to begin with. If you feel this way you should consider hiring a professional credit repair company. I suggest you check out Lexington Law.
Better Credit Blog
APRIL 1, 2022
A third-party collection account on your credit report can knock a big hole in your credit history. If you owe the debt and can pay it, then paying off the collection company is your best bet. The better your credit, the more you have to lose. Learn more about these statutes here.
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