Remove Creditors Remove Debt collector Remove Debt Recovery
article thumbnail

Government is Making Debt Recovery a lot Harder

Nexa Collect

The US government has thrown a slew of laws on collection agencies, making bad-debt recovery harder and costlier. Lower recoveries mean, low recoveries and extensive loss for businesses and doctors. Our government’s intention behind these laws is not wrong, but the ground reality is different. . New Regulations.

article thumbnail

Wash. Appeals Court Overturns Ruling for Collector

Account Recovery

The Court of Appeals for the State of Washington has reversed a lower court’s ruling and has held a debt collector vicariously liable for the creditor refusing to return an individual’s security deposit when she abandoned the lease for her townhome and required the collector to pay attorney fees and costs for the plaintiff covering … (..)

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Effective Are Collection Agencies?

Nexa Collect

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. Collection agencies are experts in debt recovery. Most creditors are unaware of these.

article thumbnail

How Effective Are Collection Agencies?

Nexa Collect

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. Collection agencies are experts in debt recovery. Most creditors are unaware of these.

article thumbnail

Data-Driven Debt Recovery: A Proven 5-Step Email Strategy

PDC Flow

Types of Emails for Debt Collection Debt collectors know email serves consumers better–and many have chosen tools to make this happen. If you’re receiving email addresses from your creditor client, you might need to scrub invalid or duplicate addresses from the list. But having the software doesn’t equal success.

article thumbnail

How Debt Collectors Work

Taurus Collect

That’s where a debt collections service steps in—a critical intermediary that takes on the task of pursuing delinquent accounts to ensure that owed funds are recovered. Introduction Debt collectors, often viewed with a mix of apprehension and uncertainty, play a significant role in the credit economy.

article thumbnail

5 Things Debt Collectors Are Forbidden to Practice

Taurus Collect

However, the Financial Conduct Authority (FCA) has set specific rules and guidelines regarding how Debt Collection Agencies should operate and the policies they must follow to support vulnerable customers. Below are five typical tactics debt collectors are forbidden to practice while collecting debts. Publicly Shame You.