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The Art of Ethical Debt Collection: Balancing Business Needs and Compassion

Taurus Collect

By fostering a compassionate approach, businesses can maintain their reputation while ensuring they are also effective in recovering debts. Let’s understand the strategies that promote a positive experience for both the debtor and the creditor, leading to stronger relationships and better outcomes.

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California Expands Rosenthal Act to Cover ‘Small Business’ Debt Collection

Collection Industry News

EXPANSION OF COVERED DEBT The amendments expand covered debt to include “covered commercial debt,” “covered commercial credit,” and “covered commercial credit transaction.” Under the amended act, “covered debt” means a consumer debt or a covered commercial debt.

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Meeting Debt Collection Challenges Amid a Squeeze on Income

Fico Collections

Meeting Debt Collection Challenges Amid a Squeeze on Income. In order to deal with the rising cost of living and other challenges, anyone managing collections portfolios and effective debt recovery strategies needs these capabilities. Implemented specific segmentation and treatment strategies for debtors. by Bruce Curry.

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Why Do Debt Collectors Check Your Credit Report?

Taurus Collect

By checking a person’s credit report, debt collectors can look at current accounts, past payment history and any negative information associated with their name. It’s important for debt collectors to check a person’s credit report because this information shows how reliable they are as a debtor.