Enterprise Recovery

OCTOBER 4, 2024

Without an efficient approach to collecting outstanding debts, businesses can suffer from cash flow issues, leading to operational challenges and potential financial instability. Discover how specialized training in debt recovery can hone your team’s collections skills and boost your business's financial success.

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Debt Recovery Collections 222

Enterprise Recovery

APRIL 10, 2024

Many companies often turn to professional debt collection agencies for assistance when this happens. Before you hand over your delinquent accounts to a collection agency, it's important to understand their role and how they can help your business.

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Collections Agency Collection Agencies Collections 221

Account Recovery

OCTOBER 4, 2024

Massachusetts Attorney General Andrea Joy Campbell has reached an agreement with Franklin Credit Management, a mortgage servicer, to resolve allegations of improper debt collection practices in The Bay State. It will stop collecting on $10 million worth of mortgages and pay a $300,000 fine to settle the enforcement action.

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Account Recovery

JANUARY 9, 2023

Comparing your collection efforts to that of your peers is tough. So, when information about collection performance is publicized — audited information signed off on by the federal government — it’s worth publicizing. Companies can be reluctant to share specifics and may even present misleading information.

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Collections Government Collection Agencies Collections Agency 246

Account Recovery

SEPTEMBER 16, 2024

A District Court judge in Maryland has denied a defendant’s motion to compel arbitration in a Fair Debt Collection Practices Act (FDCPA) case, ruling that the defendant waived its right to arbitrate by engaging in prior litigation. Learn more.

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Collections Fair Debt Collection Personal loans Loans 246

Enterprise Recovery

MAY 24, 2024

Timing plays a crucial role in optimizing payment collection strategies. The basic gist is this - the sooner you can attempt to collect on past-due payments, the more successful you will be. Payment deadlines, reminders and utilizing technology can help increase the likelihood of on-time payments.

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Collections 212

Account Recovery

DECEMBER 29, 2022

The New York Department of Financial Services yesterday issued its long-awaited debt collection rule amendments, which are scheduled to take effect in 180 days, in late June 2023. The post NY DFS Releases Amended Debt Collection Rules appeared first on AccountsRecovery.net.

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Collections Financial services 245

Account Recovery

APRIL 15, 2024

The governor of Oregon has signed a bill into law that raises the amount of money that can be protected by consumers from garnishments and keeps them from a “financial death spiral because of debt collection,” according to the sponsor of the bill.

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Garnishment Collections 246

American Profit Recovery

MAY 20, 2024

That’s when a small business needs to decide to implement some form of debt collection activity. Urgency and payment expectations Payment expectations with your customers that are unclear can lead to misunderstandings, disputes about service and price as well as your efforts to implement collection activity.

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Collections Collections Agency Collection Agencies Debt collector 219

Account Recovery

MARCH 9, 2023

Nina Cunningham, who has owned her own collection industry for the past … The post Getting to Know Nina Cunningham of Illinois Collections first appeared on AccountsRecovery.net. The post Getting to Know Nina Cunningham of Illinois Collections appeared first on AccountsRecovery.net.

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Collections 246

Account Recovery

JANUARY 11, 2023

Including medical debt in the Consumer Credit Fairness Act would lower the statute of limitations on filing lawsuits to collect on unpaid … The post N.Y. Governor’s Agenda Includes Medical Debt Collection Initiatives first appeared on AccountsRecovery.net. The post N.Y.

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Collections Healthcare Consumer Credit 246

Account Recovery

NOVEMBER 15, 2023

The Attorney General of Pennsylvania yesterday announced she has filed a lawsuit against the owner of 20 apartment complexes, accusing it of unlawful leasing and illegal debt collection practices.

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Collections 245

American Profit Recovery

AUGUST 19, 2024

Why should my business use a collection agency? The fact is there are enormous benefits to outsourcing your debt collections for a small business and even a larger organization. Having a reputable debt collection agency represent your business is one of the smartest moves you can make. That’s a question we hear often.

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Collections Agency Collection Agencies Collections Debt collector 226

Account Recovery

MARCH 3, 2023

… The post Judge Partially Denies MJOP in FDCPA, TCPA Case Over Collection Texts first appeared on AccountsRecovery.net. The post Judge Partially Denies MJOP in FDCPA, TCPA Case Over Collection Texts appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections Judgment 242

Enterprise Recovery

APRIL 26, 2024

Discover ethical collection practices to help recover late payments while maintaining positive client relationships. In today's competitive business landscape, it's important to manage late payments while upholding positive client relationships.

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Collections 210

Account Recovery

SEPTEMBER 20, 2024

A collector is being sued for violating the Fair Debt Collection Practices Act because it attempted to collect a debt that the plaintiff alleges he did not incur. The background: The plaintiff received a phone call from the defendant last month, seeking to collect on an unpaid utility debt.

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Collections Fair Debt Collection 246

Account Recovery

JUNE 6, 2023

The California Department of Financial Protection and Innovation yesterday announced three enforcement actions against different debt collection operations, for attempting to collect in the state without having or applying for a license and also making false or misleading representations when attempting to collect on a debt i n violation of the Fair (..)

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Fair Debt Collection Collections 246

Enterprise Recovery

MAY 6, 2024

The tech industry is known for its rapid growth and innovation but faces unique challenges regarding debt collection and non-paying clients. Understanding the intricacies of debt collection in this sector is essential for companies to recover payments and maintain financial stability.

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Collections 201

Account Recovery

JANUARY 12, 2023

The Consumer Financial Protection Bureau yesterday announced it had reached a proposed settlement with a collection law firm that it sued in 2019, requiring the firm to pay a fine of $100,000, dismiss certain pending collection lawsuits, and ensure it possesses specific documents before filing collection lawsuits in the future.

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Law Firms Collections 246

Account Recovery

SEPTEMBER 24, 2024

For plaintiffs suing collectors for violating the Fair Debt Collection Practices Act, that usually means money. The background: The plaintiff received a text message from the defendant on August 13 of this year, attempting to collect on an unpaid medical debt. Learn more.

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Collections Fair Debt Collection Debt collector 237

Enterprise Recovery

NOVEMBER 10, 2023

Debt collections between businesses (B2B) is the recovery of overdue payments for goods or services provided to another company. Understanding the intricacies of B2B debt collections is essential for businesses to manage their cash flow effectively and maintain healthy financial relationships with their clients.

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Collections 208

Account Recovery

JANUARY 24, 2023

Call … The post Complaint Accuses Collector of Attempting to Collect on Settled Debt first appeared on AccountsRecovery.net. The post Complaint Accuses Collector of Attempting to Collect on Settled Debt appeared first on AccountsRecovery.net. Want to learn more?

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Collections 246

American Profit Recovery

NOVEMBER 14, 2023

The debt collection industry is a vital part of the US economy. Many small businesses and larger organizations rely on the expertise and efforts of third-party collection agencies every day. Collection agencies are recovering substantial amounts of consumer debt and helping those businesses drastically improve much needed cash flow.

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Collections Agency Collection Agencies Collections Debt collector 210

American Profit Recovery

NOVEMBER 25, 2024

Utilizing a reputable collection agency for your all business or larger organization is one of the best ways to dramatically improve cash flow. Want to know more about how a collection agency can actually help your business keep customers? Many consumers ignore debt collection calls because they don’t know how to handle them.

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Collections Agency Collection Agencies Collections Debt collector 147

American Profit Recovery

MARCH 13, 2024

A healthy debt collection process helps businesses of all sizes maintain positive cash flow which is critical for many reasons. Let’s go through some of the obvious and not so obvious reasons why debt collections is an integral part of your organization’s cash flow. Or worse, credit lines.

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Account Recovery

JANUARY 10, 2023

The post FCC Chair Calls on Congress for Help Redefining ATDS, Right to Collect appeared first on AccountsRecovery.net.

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Collections 246

Account Recovery

FEBRUARY 10, 2023

million settlement with a home security company that was accused of “trapping” consumers in long-term auto renewal contracts while also violating the state’s debt collection regulations. AG Over Collection Tactics, Improper Renewals first appeared on AccountsRecovery.net. Settlement with Mass. Settlement with Mass.

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Collections Judgment 246

Account Recovery

FEBRUARY 28, 2023

Call … The post Complaint Accuses Hospital, Agency of Trying to Collect on Worker’s Comp Debt first appeared on AccountsRecovery.net. The post Complaint Accuses Hospital, Agency of Trying to Collect on Worker’s Comp Debt appeared first on AccountsRecovery.net. Want to learn more?

Collections 246

Collections 246

American Profit Recovery

SEPTEMBER 6, 2023

Collecting debt is just something a business of any size will have to do. Not getting paid on time for many businesses can create an environment where that business makes mistakes in collecting that debt. At the very least, your business should understand the Fair Debt Collection Practices Act (FDCPA.)

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Collections Collections Agency Collection Agencies Fair Debt Collection 209

American Profit Recovery

MARCH 11, 2024

Many organizations still rely on in-house debt collection teams as part of their accounts receivable program. While in theory, this may have moderate benefits, relying on internal resources for all your collection activity may ultimately be a negative. Keeping up to date on debt collection laws can be complex and costly.

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Collections Collections Agency Collection Agencies 198

American Profit Recovery

AUGUST 8, 2024

Why Use Mental Rehearsal in Debt Collection? In collections, many Collectors participate in this learning style when noticing the consumer’s tone of voice or the types of questions they ask and make adjustments accordingly. In debt collections, perspective taking is especially helpful in practicing empathy with consumers.

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Collections Debt collector Collections Agency Collection Agencies 197

American Profit Recovery

OCTOBER 18, 2023

This is where Business-to-Business (B2B) collection agencies come into play. However, the relationship between a collection agency, its clients, and their customers can be delicate. Let’s explore how a B2B collection agency can work with clients and their customers in a reputable and successful way, benefiting all parties involved.

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Collections Agency Collection Agencies Collections Manufacturing 213

Account Recovery

JANUARY 10, 2023

Middleboro, MA, January 9, 2023 – Action Collection Agencies, Inc. O’Brien as its Executive Vice President/Chief Operations Officer overseeing the operations of its first and third party collections services. “I … The post Action Collection Agencies, Inc. The post Action Collection Agencies, Inc.

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Collections Agency Collection Agencies Collections 246