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Questions to ask a commercial collection agency before hiring

American Profit Recovery

Commonly known as B2B debt collections, it’s the process of mediating financial disputes and overdue invoices owed to a commercial client. If, for example you are in manufacturing or distribution and you extend credit in the form of pallets of products, you’ll want to know how quickly you can get paid for those orders.

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Collection Agency for Distribution Companies

Nexa Collect

Wholesale and distribution companies are the vital link between manufacturers and customers, and their role in US economy is undoubtedly very crucial. Outsourcing collections to a professional debt collector raises the probability of getting paid by many folds.

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Average Recovery Rate of a Collection Agency

Nexa Collect

Since all collection calls are recorded, it is important for the management/supervisor to randomly examine at least a few collection calls daily and discuss shortcomings with their debt collectors. They must have at least a few bilingual debt collectors in order to recover from people who prefer talking only in Spanish.

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Sweden’s Intrum Beats Bondholder Challenge to U.S. Bankruptcy Filing

Collection Industry News

Swedish debt collector Intrum won U.S. billion debt restructuring, defeating a bondholder group that argued the company didnt need or deserve the protections of bankruptcy. court approval for a $4.6 JudgeChristopher Lopezof the U.S. presence to justify its chapter 11 case. presence to justify its chapter 11 case.

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What Can Bailiffs Take From A Limited Company In Debt?

Hudson Weir

Note that bailiffs, also known as enforcement officers, are not the same thing as debt collectors – they have different legal powers in terms of how they can seek repayment. Some creditors may use debt collectors instead of bailiffs. We’ll cover the key differences now.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On November 2, the Federal Housing Administration (FHA) announced its publication of updated appraisal requirements for valuation of certain manufactured homes. For more information, click here. State Activities: On November 9, the State of Minnesota enacted a bill, Chapter 70 — S.F.No.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

or more percentage points for a first-lien covered transaction secured by a manufactured home with a loan amount less than $130,461; 3.5 The bill protects patients from certain debt collection practices for medical debt. or more percentage points for a first-lien covered transaction with a loan amount less than $78,277; 6.5