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This is where the commercialcollection agency enters. Agencies work on a contingency basis - they only get paid when the debt has been collected. However, a commercialcollection agency is unlike a consumer collection agency. B2B Collection FDCPA and Regulations. The end-target is different.
The process is beneficial for companies under financial pressure due to debts not being paid on time. B2B debtcollection services are offered through companies specializing in creditmanagement. What Information is Shared with B2B Collection Agencies?
Because collections laws vary in different fields, you need to find a company that knows your industry. They’ll be more familiar with the rules and how to adhere to the FairDebtCollection Practices Act (FDCPA). Develop a debtcollection agency list of characteristics. Find out how they track debtors.
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