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 Do you provide monthly collection status reports for all accounts?

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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. You have given your debtor at least three billing cycles to pay the bill and resolve any billing disputes that may have occurred. Paying your bill is clearly not a priority in your debtor’s mind by now. (

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Nexa Collect

FEBRUARY 3, 2022

An average collection agency will recover about 20% of the total debt assigned. Here are the most important factors which decide how much a collection agency will collect for you: 1. Debtors are less likely to pay when they feel threatened. Is your debt primarily Commercial (B2B) or Consumer (B2C).

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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? Puerto Rico is one of the states that regulate the collection of fees and interest.

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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

AUGUST 8, 2020

Companies will generally try to collect on their outstanding accounts internally before passing their most egregious cases on to an external debt collection agency. Are collection agencies effective enough to warrant their fees? Collection agencies are experts in debt recovery. But how wise is this?

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Nexa Collect

JULY 28, 2020

Companies will generally try to collect on their outstanding accounts internally before passing their most egregious cases on to an external debt collection agency. Are collection agencies effective enough to warrant their fees? Collection agencies are experts in debt recovery. But how wise is this?

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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. Need a collection agency? A standard practice among all good collection agencies is to use the Skip Tracing service to find out the latest whereabouts of the debtor or the offender.

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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

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. Written Notices sent by a Collection Agency.

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Nexa Collect

NOVEMBER 26, 2022

As per FTC, starting June 9, 2023 all collection agencies will be treated as financial institutions. This means all collection agencies must secure consumer data nearly the same way as banks. Failure to comply with GLBA can have severe consequences for the collection agency, especially the owners and/or the CEO.

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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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Direct Recovery

JULY 31, 2024

Commercial debt collection agencies can be tremendously effective partners for almost any small business that offers credit to their customers. To be perfectly honest, there is not much that a commercial debt collection agency can’t do to help improve your company’s cash flow.

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Nexa Collect

JULY 2, 2020

Need a Collection Agency for your Lab: Contact us. The best way for medical testing laboratories to deal with patient AR problems is to hand the accounts over to the professionals and hire a laboratory collection agency. Written Notices sent by a Collection Agency. A debt collector calls debtor many times.

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Taurus Collect

NOVEMBER 15, 2023

Dealing with a collection agency can often feel like navigating a maze, especially when there seems to be a change in your account’s open date. If you’ve found yourself in this situation, you’re likely asking, “Can a collection agency change an account’s open date?”

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UK debt collections

FEBRUARY 9, 2022

Whilst the UK struggles to recover from the pandemic , its never been a better time for Businesses to use a Debt Collection Agency. Debt Collection Agencies do not just act for Businesses, there are many Debt Collection Agencies for individuals also. The cost of using a Debt Collection Agency can vary.

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Debt RR

JULY 2, 2024

Enter commercial collection agencies—specialized firms that can play a pivotal role in optimizing your AR functions. Here’s why and how partnering with a commercial collection agency can be a game-changer for your business. What is a Commercial Collection Agency?

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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. Stay tuned as we delve into this crucial topic.

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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. This model ensures that you only pay if the agency successfully retrieves your debts.

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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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FFGN COLLECT NY

JUNE 14, 2023

When a debtor owes a creditor money and the creditor is seeking assistance collecting the amount owed, the creditor can either use a collection law firm or a collection agency. Law firms and collection agencies serve the same purpose initially.

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Taurus Collect

OCTOBER 30, 2023

If you find yourself in this predicament, it might be time to consider engaging the services of a third-party collection agency. One popular model attracting businesses is the ‘debt collectors no win no fee’ approach, which ensures that you only pay when the agency successfully recovers your debts.

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Collections Law

MARCH 6, 2023

If you’ve already contacted your delinquent debtor to persuade them to pay but they won’t, you don’t need a collection agency. All a collection agency can do for you is contact the debtor over and over until something happens. How are we different from a collection agency? Cohen LLC.

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Nexa Collect

NOVEMBER 1, 2021

Individuals can be legally forced to pay their debts with their cryptocurrency, but the creditor must have a judgment which states that the debtor is obligated to pay off the debt, including any cryptocurrency they own. Knowing whether or not the debtor owns crypto like bitcoin is of course a challenge. Laws differ from state to state.

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Taurus Collect

MAY 20, 2022

Almost every company, from small businesses to enterprise organisations, seeks partnerships with debt collecting agencies when their past-due account receivables begin to mount. Thus, if you recognize any of the below-mentioned signs, it’s time to hire a well-experienced debt collection agency for your business.

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Payment Savvy

JANUARY 20, 2021

The collection agency faces many challenges, including ever-changing technology and tightening oversight. Indeed, even locating a debtor and determining which communication method is most successful can be an overwhelming task. Debt collection is largely a game of chess – a strong and defined strategy is best for success.

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Taurus Collect

OCTOBER 30, 2023

Understanding the art of debt collection can be a challenging task for any business, especially when the debtor refuses to pay despite many reminders. In such situations, engaging a collections agency becomes inevitable. These documents may significantly impact the process and outcome of the debt collection.

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Taurus Collect

JUNE 15, 2023

It’s no surprise that debt collection is an increasingly competitive field, so understanding and leveraging the right tools could give your company the edge it needs. Debt collection agencies are transforming how courts handle delinquent accounts, making their services a valuable asset for businesses large and small.

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Taurus Collect

JULY 17, 2023

As a business owner, knowing how to effectively manage your debtors is essential when it comes to staying on top of financial transactions. That’s why we’ve put together this comprehensive guide to debtor tracing in the UK – to make sure you’re up-to-date with all relevant information!

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Taurus Collect

MAY 11, 2023

If you have a credit or debt-related problem, it’s likely that a debt collection agency could come into the picture. That’s why understanding the resources these agencies can access to find you is so important. These agencies can obtain personal information from creditors, which can leave debtors feeling uneasy.

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Taurus Collect

SEPTEMBER 17, 2021

So, why is an external debt collection agency better for businesses? External Debt Collection for Businesses. Regardless of your business’s niche, it’s unlikely that you have the time and resources to handle debt collection. In fact, even big businesses like utility companies use external debt collection agencies.

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Taurus Collect

JANUARY 24, 2022

Searching for collection agency names is a stressful proposition because you want to ensure you are working with an honest, efficient, and experienced debt collection agency. Why You Might Need a Debt Collection Agency. Why You Might Need a Debt Collection Agency. We Will Save You Time.

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The Kaplan Group

FEBRUARY 21, 2022

It may be time to consider hiring a commercial collection agency. We’ve spent a lot of time on this blog discussing: Turning debt over to a collection agency Choosing the right collection agency for your business Innovative steps for protecting your business now and in the future.

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Credit Management Company

FEBRUARY 8, 2022

Perhaps you need to consider working with a collection agency. Read on to learn how to hire a collection agency that will serve your best interest and protect your good reputation. Menacing threats and middle-of-the-night phone calls are not the methods top debt collection agencies use.

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Credit Management Company

FEBRUARY 22, 2022

Therefore, many people find themselves encountering collection agencies at one point or another. Unfortunately, much of what people “know” about the debt collection industry relies more on myths than facts. When people believe these myths about using a collection agency, they often run into trouble.

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FFGN COLLECT NY

DECEMBER 12, 2023

Is there a law in NYC that protects consumers and debtors from debt collecting agencies, businesses, and their attorneys? Suppose you are under constant pressure from these agencies and their legal representatives to settle your debt. Why is Debt Verification Important & Why Debtors Should Care?

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Taurus Collect

MARCH 24, 2022

An aged debtors/ receivables report lists down all the unpaid sales invoices of your business. Hence, this debtor report lists down the total amount of your monthly debts by giving you a breakdown for each customer. Hence, keeping aged debt under control and debtor days low enables you to improve your financial health.

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