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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.

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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.

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Business Debt Collection Laws and their Connection to Commercial Debt

Debt RR

If you owe or another business owes you, you are in good company because this article discusses the nitty-gritty of business debt collection laws. What are Business Debt Collection Laws? The business debt collection laws protect them. Like the Fair Debt Collection Practices Act, the U.S.

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Recommendations for Debt Collectors Working from Home

Nexa Collect

The thought process is simple, in case the laptop is lost, there should be zero loss of personal data of clients or the debtors. Accepting payments : You should transfer the call to your corporate office when the debtor is ready to pay,or have a PCI-compliant mechanism. Internet access should be restricted to selected websites only.

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How Do I Send Debt to Collections?

Nexa Collect

When you send a debt to collections, you’re passing on sensitive customer information to a third party. Ask each agency to detail the security measures they use to guarantee your debtors’ data can’t be breached. It’s useful for maximizing collection success, so be sure it’s available.