Credit Management Debtor Fair Debt Collection 
Credit Management Company
SEPTEMBER 30, 2022
When individuals or businesses fall behind in payments, the situation often results in frustration and a breakdown in communication for both the debtor and the creditor. Building positive relationships, or at least productive ones, goes beyond the baseline step of following the Fair Debt Collection Practices Act (FDCPA).
Credit Management Company
FEBRUARY 22, 2022
Myth: The FDCPA Will Protect Any Debt Collector. The Fair Debt Collection Practices Act (FDCPA) is a law that limits a third-party debt collector’s actions and behavior when collecting debts. However, the FDCPA only protects consumer debtors. Myth: Small Debts Don’t Enter Collections.
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Credit Management Company
AUGUST 9, 2022
While many consumers are able to manage their debt load and stay current on their accounts, many businesses are finding themselves with uncollected debt and no proven collection strategy. Before you can collect on any debt, you need to validate the debt in accordance with the Fair Debt Collection Practices Act.
Credit Management Company
FEBRUARY 8, 2022
Menacing threats and middle-of-the-night phone calls are not the methods top debt collection agencies use. In fact, these tactics go against the Fair Debt Collection Practices Act. That is why it is important to know how to hire a collection agency. Evaluate Their Customer Service.
Credit Management Company
DECEMBER 20, 2018
The keys to successful collections during this time of year call for increased flexibility, diplomacy and a few of the following tips. Collection agencies are well aware of the limitations governing their businesses via the Fair Debt Collection Practices Act. Timing is Everything. Active Listening.
Credit Management Company
MAY 3, 2022
During the COVID-19 pandemic, rules and regulations around debt collection came under the microscope, which led to an update allowing a more modern way of communicating within the industry. The basic rules of debt collection still stand: Hours of contact are between 8 a.m. local time. Phone Calls.
Credit Management Company
MARCH 8, 2022
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 Fair Debt Collection Practices Act (FDCPA). Find out how they track debtors. Ask to see a typical script.
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