Taurus Collect

JUNE 16, 2022

Having debts in the collection primarily means that a third party is pursuing you to retrieve payments for your debts on behalf of your creditors. Debt collection is a process that gives debtors certain rights that debt collection agencies must respect. What does it mean to have debt in collections? Taurus Collections (UK) Ltd.

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Taurus Collect

MAY 12, 2024

It offers a risk-free solution to creditors, ensuring that agencies are rewarded only upon the successful retrieval of outstanding debts. By analysing trends, payment histories, and debtor behaviour, firms can tailor their collection efforts in a more personalised manner, significantly enhancing the likelihood of recovery.

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Taurus Collect

OCTOBER 30, 2023

However, understanding the crucial steps in the debt collection process can empower businesses to retrieve owed money efficiently and legally, thus enhancing their financial health. Establishing Contact with the Debtor The first step in the debt collection process is establishing contact with the debtor.

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Taurus Collect

JUNE 13, 2022

most people tend to think of a debt collector trying to contact debtors about some unresolved debts. It usually depends on the company collecting a debt, how much you owe your debtors, and the type of debt your business has. A professional debt collection agency will send letters and notices to your debtor’s residential address.

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Taurus Collect

FEBRUARY 1, 2024

Simply put, it’s an individual or a debt collection agency in the UK employed by a creditor to retrieve funds that are overdue. A debt collector is an entity, often a third-party agency, hired by creditors to recover funds that are past due or accounts that are in default. So, what exactly is a debt collector?

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Taurus Collect

DECEMBER 30, 2022

However, sometimes we can fail to pay back the amount and end up with hundreds of calls from creditors. You may panic upon learning that there is a debt collection agency after you to retrieve the amount you owe to your creditors. It can be intimidating for many people to deal with debtors or collectors.

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Qualco

NOVEMBER 7, 2023

In the past, creditors used to restructure sparingly, typically reserving it for situations where amicable collections appeared implausible. These often involve initiating legal proceedings against debtors intending to repossess, auction, and sell collaterals or executing payment orders to seize the debtor’s assets or income.

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