Nexa Collect

JUNE 10, 2023

By using machine learning algorithms, AI can predict the likelihood of a debtor repaying the debt, allowing collection agencies to prioritize their efforts and allocate resources more effectively. Lowering Collection Costs: Human debt collectors take a significant percentage of all money recovered by them.

Collections 130

Collections Debtor Collection Agencies Collections Agency 130

Nexa Collect

OCTOBER 17, 2020

Being a third-party debt collector, they are well-versed with dealing all those excuses and know exactly how to get your money back to you. With funeral homes offering plans to help mourning families who cannot pay for the funeral of their loved ones, their debt accumulates if families do not pay their outstanding balance on time.

Collection Agencies 130

Collection Agencies Collections Agency Third-party Debt Collectors Collections 130

Taurus Collect

JUNE 12, 2023

But how often do debt collection agencies take their clients’ customers to court? From understanding the role of a debt collector and when they legally can file suit against slow-paying customers, these are essential facts for all business owners who wish to get paid while keeping customer relationships intact.

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Collection Agencies Collections Agency Collections Debt collector 52

Taurus Collect

MARCH 5, 2024

Navigating the financial challenges of running a startup can be a daunting task, especially when it comes to managing receivables. In the UK, an innovative approach offered by many a debt collector is the ‘no win, no fee’ model, providing a risk-free solution for startups to pursue owed money.

Startups 52

Startups Collections Debt Recovery Collection Agencies 52

UK debt collections

NOVEMBER 28, 2023

According to Treasury estimates, the injection of cash will help HMRC’s debt management team recoup £515million in taxes in 2024-25. Improving HMRC debt management resource The Treasury says it wants to resolve the tax gap between what is owed to the national coffers and what is being collected.

Collections 59

Collections Debt Management Government Construction 59

Debt RR

AUGUST 3, 2020

While there might be property debt situations that warrant garnishment, it’s more often used for unsecured debt, or debt that isn’t backed by any collateral. Though the IRS can initiate the garnishment process without court approval, other creditors and debt collectors have different requirements depending on the state.

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Garnishment Banks Student loans Student Loans 40

Burt and Associates

OCTOBER 31, 2024

After winning a court judgment absolving them of rental debt, one tenant found that the debt collector refused to remove the debt from their record, blocking them from securing new housing and impacting their credit.

Healthcare 52

Healthcare Collection Agencies Collections Agency Debt Recovery 52