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Can a Debt Collection Law Firm Act as a Debt Collection Agency?

FFGN COLLECT NY

When a debtor owes a creditor money and the creditor is seeking assistance collecting the amount owed, the creditor can either use a collection law firm or a collection agency. Both can send a demand letter and call the debtor to request the outstanding amount owed. Law firms and collection agencies serve the same purpose initially.

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5 Things a Commercial Debt Collection Agency CANNOT Do to Help You

Direct Recovery

The right debt collection agency can act as your own personal accounts receivable department tasked with tracing down delinquent accounts, contacting debtors, negotiating payments, filing for judgments, and collecting payments. However, there are certain lines that a reputable collection agency should not cross.

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Dealing with Debt Collectors

Debt Free Colorado

Discuss your debt with anyone but you or your spouse. What can debtor collectors do to you under the FDCPA: Contact other people to find out where you live, your current telephone number, or where you work, but they can’t contact anyone more than once or tell anyone you owe a debt. Repeatedly call you.

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Importance Of Outsourcing Debt Collection Services

Taurus Collect

Discuss How an Experienced Debt Collector Can Increase a Business’s Chances of Recovering Unpaid Debts Having an experienced debt collector on your team can drastically increase your chances of recovering unpaid debts. Experienced collectors are well-versed with these laws, ensuring compliance at all times.

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Can a Collection Agency Report to the Credit Bureau Without Notifying You?

Credit Corp

The Fair Debt Collection Practices Act is a federal law that protects consumers against certain unfair collection practices. It applies to only external or third-party debt collectors and only for personal debts. It does not come into play for creditors collecting their own debts.

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Fair Debt Collection Practices Act (FDCPA)

Better Credit Blog

Debt collectors are notorious for harassing consumers when they seek repayment, calling excessively and threatening to take actions that may not be legal. What you may not know is that you are protected by the Fair Debt Collection Practices Act (FDCPA), a law designed to keep third-party debt collectors in check when they contact you.

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Signs That You Need a Commercial Debt Collection Agency Urgently

Taurus Collect

Avoiding Communication : If a debtor consistently ignores your calls, letters, or emails, it might indicate they have no intention of paying. A debt collection agency can use its expertise to break this communication barrier. They can use proven strategies to encourage debtors to pay their dues promptly.