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SoloSuit, a legal tech startup helping consumers resolve debtcollection lawsuits, has named Attorney Yale R. Levy, founder of Levy & Associates, LLC, a multi-state collection law firm, and former President of the National Creditors Bar Association (NCBA), brings decades of debtcollection expertise to the company.
Due to regulatory concerns and a general wariness of adopting new technologies, the debtcollection industry has historically been slow to change. Debtcollection can’t miss out on this digital revolution. Fintech startups have started jumping into the collections and recoveries fray.
Navigating the financial challenges of running a startup can be a daunting task, especially when it comes to managing receivables. In the UK, an innovative approach offered by many a debtcollector is the ‘no win, no fee’ model, providing a risk-free solution for startups to pursue owed money.
Whether you’re a startup or an established organization, understanding the laws and regulations that apply to debtcollection can be overwhelming. Fortunately, the knowledgeable team at TrueAccord is here to help break down some of the top questions around compliance in the collections industry.
Many accounting software packages offer a full range of features, such as financial reporting, payroll management, and billing and even debtcollection. Before taking out a loan, make sure to look for other options first, such as crowdfunding or startup incubators. Outsource your debts to a debtcollector as soon as you can.
A new study from a novel startup shows COVID-19 is severely affecting Americans’ ability to pay bills. Yet the language the financial and collections industry uses is a touch disturbing. Given the hardships that many are undergoing, knowing some debtcollector is coming after you isn’t exactly what you need.
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