Account Recovery

DECEMBER 2, 2021

When the Consumer Financial Protection Bureau issued its proposed debt collection rule back in May 2019, there were a rash of headlines in the mainstream media warning consumers that debt collectors were going to start messaging them on Facebook and other social media platforms.

Debt collector 246

Debt collector Government Collections 246

Nexa Collect

JANUARY 14, 2023

The US government has thrown a slew of laws on collection agencies, making bad-debt recovery harder and costlier. Our government’s intention behind these laws is not wrong, but the ground reality is different. . There are thousands of collection agencies in the USA, but most are small. New Regulations.

Debt Recovery 130

Debt Recovery Government Collection Agencies Collections Agency 130

American Profit Recovery

FEBRUARY 9, 2023

A commercial collection agency is an agency that works to resolve debt between two businesses. Commonly known as B2B debt collections, it’s the process of mediating financial disputes and overdue invoices owed to a commercial client. You will preserve future revenue by hiring the right commercial collection agency.

Commercial Collection 200

Commercial Collection Collection Agencies Collections Agency Collections 200

Debt Free Colorado

FEBRUARY 21, 2022

In this article we will answer the question: What can debt collectors do to you? Does Colorado Law Protect Me From Debt Collectors? When collecting a debt from you, collection agencies must adhere to federal and state rules. What is the Federal Fair Debt Collection Practices Act (FDCPA)?

Debt collector 98

Debt collector Fair Debt Collection Collection Agencies Collections Agency 98

Collection Industry News

NOVEMBER 25, 2024

The Federal Trade Commission is taking action against a Georgia-based debt collector that tricked consumers into paying more than $7.6 million in bogus debt by threatening them with jail time, harassing their family members, and other unlawful actions.

Debt collector 40

Debt collector Collections Fair Debt Collection Garnishment 40

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).

Debt collector 100

Debt collector Collection Agencies Collections Agency Debtor 100

Sawin & Shea

JUNE 9, 2021

Whether you have missed a single payment somewhere along the line or are delinquent on several payments, the last thing you want is to be harassed by debt collectors. You may feel as if no one is on your side, but you do have some protection from collection agencies. There are approximately 7,000 collection agencies in the U.S.

Debt collector 94

Debt collector Collection Agencies Collections Agency Bankruptcy 94

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.

Collections 130

Collections Debt collector Collection Agencies Collections Agency 130

Credit Corp

DECEMBER 12, 2022

Gather Information Request Verification of Debt File a Dispute Make Sure It’s Listed as Medical Debt Can You Negotiate Medical Bills in Collection? Are you struggling with medical debt? Are you tired of medical collectors calling? Studies show that Americans owe more than $88 million in medical debt.

Debt collector 97

Debt collector Collection Agencies Collections Agency Collections 97

American Profit Recovery

JULY 27, 2020

But did you know that debt collections were also a big part of a healthy economy? For the consumer that may be in debt or having issues trying to catch up on financial obligations, they might not think so. That’s the first reason why debt collections matter to the economy and to the consumer in general. Like these.

Collections 157

Collections Government Debt collector Collection Agencies 157

UK debt collections

JUNE 25, 2024

A pensioner who is terminally ill has been threatened with debt collectors by HMRC , after he didn’t receive confirmation that he had paid the correct tax bill. HMRC has been accused of threatening a terminally ill 92 year old man with debt collectors. ” “This has caused huge distress.”

Debt collector 85

Debt collector Government Collections 85

American Profit Recovery

JUNE 28, 2023

There have been many shifts in the debt collection industry over the past several years. And the trends and updates that many in the collection industry have worked hard on, are moving the industry in a positive way. Check out the words that are becoming the “norm” in collections.

Collections 130

Collections Debt collector Collection Agencies Collections Agency 130

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. They must have at least a few bilingual debt collectors in order to recover from people who prefer talking only in Spanish.

Collection Agencies 130

Collection Agencies Collections Agency Collections Debt collector 130

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.

Collections 130

Collections Collection Agencies Collections Agency Debtor 130

Nexa Collect

JUNE 10, 2023

AI, or artificial intelligence, has the potential to impact the field of debt collection significantly. Debt collection involves pursuing individuals or businesses to repay outstanding debts. Lowering Collection Costs: Human debt collectors take a significant percentage of all money recovered by them.

Collections 130

Collections Debtor Collection Agencies Collections Agency 130

Direct Recovery

MAY 4, 2024

Believe it or not, debt collectors can actually pull your credit report, and they don’t even need your permission to do so. Even if you work to keep up with your credit report, you might be surprised to find sudden changes that debt collectors might encounter, or even cause themselves. That is not exactly the case.

Debt collector 80

Debt collector Creditors Debtor Loans 80

Credit Corp

JUNE 3, 2021

Can debt collectors take money from your bank account to offset debts you owe them? But it takes a lot to get to that scenario, so if you’re not there yet you still have time to learn how to protect yourself from this type of collections activity. Accounts containing government benefits.

Debt collector 92

Debt collector Banks Garnishment Creditors 92

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.

Collection Agencies 130

Collection Agencies Collections Agency Collections Debtor 130

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). 981p (12)).

Collection Agencies 130

Collection Agencies Collections Agency Collections Garnishment 130

Sawin & Shea

JULY 20, 2022

Have you ever been incessantly contacted by a debt collection agency trying to get money from you? Many individuals experience unwanted contact from debt collectors and are unsure how to approach the situation. Businesses or individuals who collect debts on behalf of others are known as debt collectors.

Debt collector 78

Debt collector Collection Agencies Collections Agency Bankruptcy 78

Collections Law

OCTOBER 21, 2024

Cohen & Associates LLC, our commercial collections lawyers have more than 50 years of combined experience. They have dedicated their practice to collecting commercial debts in Massachusetts. What are the most important Massachusetts debt collection statutes for business owners? At Law Offices of Alan M.

Commercial Collection 52

Commercial Collection Collections Fair Debt Collection Lawyers 52

Collections Law

FEBRUARY 26, 2025

Business owners in Massachusetts are likely familiar with the frustrations of trying to collect unpaid debts. Cohen & Associates LLC, our aggressive and relentless commercial collections attorneys have more than 60 years of combined experience helping Massachusetts business owners collect their unpaid debts.

Collections 52

Collections Commercial Collection Lawyers Fair Debt Collection 52

Nexa Collect

JULY 28, 2020

Collecting outstanding debt isn’t an easy process. None of these situations are amenable to fast debt recovery. Companies will generally try to collect on their outstanding accounts internally before passing their most egregious cases on to an external debt collection agency. But how wise is this?

Collection Agencies 130

Collection Agencies Collections Agency Collections Debt Recovery 130

Nexa Collect

AUGUST 8, 2020

Collecting outstanding debt isn’t an easy process. None of these situations are amenable to fast debt recovery. Companies will generally try to collect on their outstanding accounts internally before passing their most egregious cases on to an external debt collection agency. But how wise is this?

Collection Agencies 130

Collection Agencies Collections Agency Collections Debt Recovery 130

Credit Corp

NOVEMBER 9, 2020

If you or someone you know has dealt with a collection agency, you know how trying it can be. Debt collection agencies have a long history of harassment and illegal practices. Can a collection agency report to a credit bureau without notifying you? It does not come into play for creditors collecting their own debts.

Collection Agencies 105

Collection Agencies Collections Agency Credit Bureau Collections 105

Nexa Collect

OCTOBER 2, 2020

Their customers can be a small business, government, large corporates as well as private homeowners. 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. Need a Collection Agency? Collection Letters Service.

Collection Agencies 130

Collection Agencies Collections Agency Collections Debtor 130

True Accord

OCTOBER 22, 2024

Read on for our take on what’s impacting consumer finances, how consumers are reacting and what else you should be considering as it relates to debt collection today. The government has also reported that the economy expanded at a solid 3% annual rate Q2, with growth expected to continue at a similar pace in Q3.

Student loans 92

Student loans Student Loans Loans Debt collector 92

TCPA

MAY 10, 2021

For nearly five years, the TCPA explicitly excluded from liability calls made to collect government-backed debt. Naturally, government debt collectors relied on this exception and called debtors without fear of TCPA liability. In 2020, the Supreme Court ruled that this … Continue reading →

Government 52

Government Debt collector Debtor Collections 52

UK debt collections

FEBRUARY 7, 2022

The government has announced a list of new measures to curb excessive car parking fines including a cap on the fees that parking debt collection agencies charge. It is said that Millions of motorists are set to benefit from a major government crackdown on rogue parking firms.

Debt collector 82

Debt collector Collection Agencies Collections Agency Government 82

True Accord

FEBRUARY 11, 2025

Keeping up with compliance in the debt collection industry can be a challengeespecially as artificial intelligence, machine learning, and other advanced technologies sweep through both the business and consumer sectors.

Collections 56

Collections Acquisition Fair Debt Collection Government 56

True Accord

SEPTEMBER 8, 2022

The world of regulatory compliance can be a complicated place, especially when it comes to debt collection. A debt collector may be able to assert a “Bona Fide Error Defense” in a lawsuit alleging violations of the federal Fair Debt Collection Practices Act (FDCPA). .

Collections 95

Collections Fair Debt Collection Debt collector Government 95

Better Credit Blog

FEBRUARY 18, 2021

You may start getting calls from a debt collector. Failing to pay your bills will cause the debt to move to collections. This means that your original creditor has officially handed the account over to a collection agency that will hound you for payments. About FirstPoint Collections. government agencies.

Collections 94

Collections Debt collector Collection Agencies Collections Agency 94

American Profit Recovery

MARCH 30, 2023

As a debt collection agency that works with small business and large organizations, we hear the disappointments regularly from people just like you we are consulting with. When we conduct our free consultations for debt collections , it’s one of the first things we hear. When they do not pay, you get frustrated.

Collections 130

Collections Collection Agencies Collections Agency Fair Debt Collection 130

Taurus Collect

SEPTEMBER 15, 2022

The debt collection industry struggles to get good press. 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. Pretend To Work For a Government Agency. Threaten To Arrest You.

Debt collector 59

Debt collector Collection Agencies Collections Agency Debtor 59

Collection Industry News

AUGUST 18, 2020

The Consumer Financial Protection Bureau (CFPB) should ensure its debt collection rulemakings do not extend unwarranted regulatory requirements to first-party debt collectors, CUNA wrote Tuesday in response to a CFPB proposal.

Collections 75

Collections Debt collector Credit Unions Credit Unions 75

True Accord

MARCH 4, 2025

Over the past several years, federal and state regulators have started raising red flags about a significant trend in the debt collection industry: companies failing to deliver positive experiences for consumers or properly manage complaints and disputes.

Collections 52

Collections Debt collector Collection Agencies Collections Agency 52

UK debt collections

OCTOBER 4, 2024

The London Borough of Croydon sends out the highest number of bailiffs in all of England and Wales to collect debts, according to a new interactive map. It sent out the most bailiffs for debt collection in London between 2022 and 2023, a staggering 86,295 referrals, with 36,122 of these referrals for council tax arrears.

Collections 95

Collections Debt collector Collection Agencies Collections Agency 95