Nexa Collect

FEBRUARY 9, 2023

The employees of the accounting team of lumber companies are not professional debt collectors. They do not have the required tools for debt collection or the time. Rather than waiting for a few months and writing off the debt, it is better to hire a collection agency on time and recover the maximum money possible.

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Nexa Collect

MARCH 12, 2021

Debt collection agencies in PR include Kinum , TSI , CICA, ILCA and Professional recoveries. Spanish and English-speaking debt collectors are required for Puerto Rico debt collection. Need a Collection Agency in PR? Local debt collectors ). Contact us. 10, § 981p).

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Nexa Collect

JUNE 19, 2020

These receivables are usually B2B accounts that require commercial debt collection. A collection agency with its three-step collection process can assist businesses to recover money in an amicable manner. Need a collections agency for your business: Contact us. No recovery-No fees.

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Nexa Collect

MAY 16, 2021

A collection agency can work with your employee professionally and legally to ensure that you get your money back. Their recovery efforts will include sending demand notices, calls from a professional debt collector, and if the amount is substantial, then forward that account to an experienced attorney. Contact us.

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Nexa Collect

FEBRUARY 3, 2022

An average collection agency will recover about 20% of the total debt assigned. Some clients may get a 100% recovery rate, for others it could very well be 0%. Here are the most important factors which decide how much a collection agency will collect for you: 1.

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Nexa Collect

JANUARY 24, 2022

The best time to assign an account to a collection agency is when the debt is right around 90 days past due. or your patient’s mind, in case of medical debts). A collection agency will typically recover 75% of your money when the account is assigned at 90 days. Need a cost effective collection agency?

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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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Nexa Collect

DECEMBER 27, 2020

It is a common practice for police and regional transport authorities to hire a collection agency to recover these unpaid debts. Need a Collection Agency for Unpaid Tickets? Courts and law enforcement agencies charge the original fine plus late penalties once an account is forwarded to collections.

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Nexa Collect

JANUARY 25, 2023

Business and medical professionals seeking to hire a collection agency always wonder if the agency they hire is ethical or if it may damage their reputation. Here are some valuable tips on how collection agencies can maintain a good reputation online and offline.

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Nexa Collect

JULY 2, 2020

Need a Collection Agency for your Lab: Contact us. What causes these debts? . Many factors can cause these debts from the patient’s end but there are a few specific things about medical testing lab bills specifically that make them difficult. Written Notices sent by a Collection Agency.

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Nexa Collect

JULY 1, 2021

The involvement of a collection agency changes the perception of your delinquent customers. They would rather pay to avoid all the collection hassles which they will experience in the days to come. A collection agency can even report this unpaid debt on credit history too which can have serious implications for the consumer.

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American Profit Recovery

JULY 6, 2020

You don’t sound like a debt collector, you are too nice”. Our collectors get complimented by the consumers they are calling on each and every day. Our collectors as we are sure you know, are calling people because they have not paid a bill on time, or paid it at all. You definitely made the experience that much better.

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Nexa Collect

MARCH 26, 2022

The first step in shortlisting a collection agency is to ask them to submit a Request-For-Proposal (RFP) so that you can pick the best collection agency at the best price. Is your collection agency nationally licensed or not? (If What is your average collection rate for our industry?

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Nexa Collect

JUNE 21, 2023

Debt collection agencies are subject to various data security rules and regulations to protect consumer information. Fair Debt Collection Practices Act (FDCPA) : While primarily focused on the practices and behaviors of debt collectors, the FDCPA also contains provisions that protect consumers’ personal information.

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Nexa Collect

MARCH 13, 2023

Large clients often assign hundreds ( even thousands) of accounts to a collection agency in one go. Suppose a client submits a batch of 1000 accounts to the collection agency. At least a few hundred concerned debtors will begin calling the client directly ( to pay, dispute the debt, complain, or other reasons).

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Nexa Collect

OCTOBER 2, 2020

Not getting paid on time can quickly restrict your cash flow, that’s why hiring a collection agency when an account is 60 days past due is absolutely the right choice. A collection agency can offer a flat-fee collection package or contingency based collections. Need a Collection Agency?

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Nexa Collect

OCTOBER 17, 2020

A Collection agency for funeral homes can attempt to recover money a lot more efficiently. Being a third-party debt collector, they are well-versed with dealing all those excuses and know exactly how to get your money back to you. Need a Collection Agency? A collection agency is really helpful in such cases.

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Nexa Collect

JUNE 28, 2022

Collection agencies offer two types of collection services to their clients. In the Fixed fee service a collection agency sends multiple written demands only. In the Contingency service one written debt validation notice is sent followed by collection calls from an experienced debt collector.

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Nexa Collect

JUNE 24, 2023

As per my knowledge, there are no clear guidelines from the government for a debt collector who wants to work from home. You should discuss these points with the compliance superior of your collection agency. In the United States, for example, debt collectors must adhere to the Fair Debt Collection Practices Act (FDCPA).

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Nexa Collect

JUNE 21, 2023

If you ignore a debt collection agency, several potential consequences could affect your financial well-being and peace of mind: Persistent Contact : Debt collection agencies might persist in attempting to contact you through phone calls, letters, and possibly emails. This can be stressful and disruptive.

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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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UK debt collections

APRIL 14, 2022

If you’re running a Business and searching for a debt collection agency (DCA), it is essential you choose the right solution. As with any Business sector, not all debt collection agencies are equal. Cheap is not cheerful as with any type of service, debt recovery or otherwise.

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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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Nexa Collect

MAY 23, 2022

A debt collection agency will almost always allow you to make payments in installments. You will likely strike a deal to settle the debt for a lower amount (keep insisting). Installments result in more work for collection agencies. No more harassment from collection agencies or their lawyers.

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Turbo Recovery

NOVEMBER 20, 2018

When accounts become overdue by 90 or 120 days, there is clearly a problem with the collections process. An experienced debt recovery agency can diagnose the problems in your collections process and offer a solution for your outstanding debt. “We Turbo Debt Recovery is a trusted debt recovery agency.

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Nexa Collect

SEPTEMBER 23, 2021

Several collection agencies have been using electronic mediums like emails, social media platforms, and SMS to contact debtors. This approach is significantly different from traditional collection calls and letters. Therefore many collection agencies use a blend of traditional and electronic mediums.

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Nexa Collect

JANUARY 19, 2022

If you think that ignoring written demands and calls from a collection agency will spare you from all the consequences, then you are wrong. A debt collector has several ways to find your latest address, phone number, and employer information. Ignoring a debt collector’s calls can be quite unfavorable.

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Debt Recoveries

APRIL 2, 2020

The COVID-19 has taken the world by surprise and we at Debt Recoveries Australia and ADC Legal wanted to share some our top 10 credit control tasks you can complete before you send the debt to a debt collector. Call Debt Recoveries Australia on 1300 799 511 or email us at email@debtrecoveries.com.au

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Debt Recoveries

OCTOBER 31, 2020

In operating and building a company, your accounts receivables are actually an asset to your business, but you still need to collect the money. So why use a debt collector instead of doing it yourself? Here’s why: Quick action results in a higher recovery rate. Wait a year and the recovery rate further drops to about 15%.So

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PDC Flow

AUGUST 11, 2023

Types of Emails for Debt Collection Debt collectors know email serves consumers better–and many have chosen tools to make this happen. PDCflow’s Flow Technology lets debt collection agencies send compliant, secure email messages to consumers. But having the software doesn’t equal success.

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Nexa Collect

MARCH 22, 2022

By law, all debt collectors are required to provide at least 30 days to the debtor/consumer to dispute the debt, after the consumer receives (or is assumed to receive) the validation information. Most collection agencies will add about additional 2 weeks to account for mailing delays and holidays.

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Nexa Collect

JUNE 10, 2023

By using machine learning algorithms, AI can predict the likelihood of a debtor repaying the debt, allowing collection agencies to prioritize their efforts and allocate resources more effectively. Lowering Collection Costs: Human debt collectors take a significant percentage of all money recovered by them.

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Taurus Collect

SEPTEMBER 15, 2022

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. Below are five typical tactics debt collectors are forbidden to practice while collecting debts. Harass You.

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Nexa Collect

FEBRUARY 14, 2022

By law, all debt collection calls initiated by a collection agency must be recorded and preserved for three years after the date of the call. The primary objective is to check if there was a violation of debt collection laws (FDCPA laws), and those recordings can be reviewed if there is a need. .

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Nexa Collect

SEPTEMBER 1, 2020

However, after a few months, you found the recovery results of your collection agency are not encouraging either. Debt collectors seem to recover money for everyone else, but not for your accounts. . Reason: You assigned the accounts into collections too late! Older accounts are harder to collect.

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Taurus Collect

APRIL 26, 2021

When you’re looking for a commercial debt collection agency, it’s easy to feel overwhelmed. We know what makes a good debt collection agency because we strive to be the best we can be. So today we wanted to show you what to look for in a good debt collector! Positive Testimonials.

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Taurus Collect

APRIL 9, 2024

In this article, we explore eight unmistakable signs that indicate it might be time for your business to consider partnering with a debt collection agency that operates on this principle, ensuring you only pay for results, not promises. These agencies specialise in recovering debts for other businesses or individuals.

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