Remove Debt Management Remove Debtor Remove Legal Collections
article thumbnail

Avoiding Common Debt Collection Pitfalls

Burt and Associates

Stay Compliant with Regulations Debt collection laws like the Fair Debt Collection Practices Act (FDCPA) are there to protect both you and the debtor. Treating debtors with respect can lead to smoother interactions and quicker resolutions. Know the Statute of Limitations Every debt has an expiration date.

article thumbnail

Avoiding Common Debt Collection Pitfalls

Burt and Associates

Stay Compliant with Regulations Debt collection laws like the Fair Debt Collection Practices Act (FDCPA) are there to protect both you and the debtor. Treating debtors with respect can lead to smoother interactions and quicker resolutions. Know the Statute of Limitations Every debt has an expiration date.

article thumbnail

What Is a Debt Collector and Why Are They Contacting Me?

Taurus Collect

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. In the UK, debt collection companies operate under strict regulations set forth by the Financial Conduct Authority (FCA).