Account Recovery

AUGUST 15, 2022

APPEALS COURT OVERTURNS DISMISSAL IN WHISTLEBLOWER LAWSUIT FILED AGAINST COLLECTION OPERATION The Court of Appeals for the Seventh Circuit has overturned a lower court’s dismissal of a whistleblower lawsuit filed against a collection agency that was accused of writing off bad debts owed to Medicare without undergoing reasonable collection efforts, (..)

Collection Agencies 238

Collection Agencies Collections Agency Collections 238

Account Recovery

NOVEMBER 2, 2023

The bad news: Yet another District Court judge has ruled that there is no safe harbor from a violation of the Fair Debt Collection Practices Act when using the Model Validation Notice. The good news: Sending a Model Validation Notice without a date is not a violation of the FDCPA, that judge has ruled. The […]

Fair Debt Collection 147

Fair Debt Collection Collections 147

Account Recovery

SEPTEMBER 14, 2022

JUDGE DISMISSES FDCPA CASE FOR LACK OVER ALLEGEDLY RUDE & HARASSING INTERACTIONS FOR LACK OF STANDING The plaintiff accused the defendant of employing “good cop, bad cop” in attempting to collect on a debt and then withdrawing funds from her account prior to her giving final authorization to do so.

Student loans 246

Student loans Student Loans Loans Collections 246

Enterprise Recovery

FEBRUARY 3, 2023

Late or non-paying clients cause your business to write receivables off as bad debt, and they could cause the deterioration of your business relationships. Or you could escalate to a professional B2B collections agency that values your business relationships and your cash flow.

Collections 199

Collections Collection Agencies Collections Agency 199

Enterprise Recovery

AUGUST 19, 2022

As a business owner or accounts receivable specialist, you may have some fear around sending an account to a debt collections company. You may also have heard some really bad things about debt collections. Read further as we debunk the fears around using B2B debt collections to get you paid.

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Collections Collection Companies Collection Agencies Collections Agency 189

Account Recovery

DECEMBER 22, 2022

The post Judge Grants MSJ For Defendant in FDCPA Case Over Debt That was Sold appeared first on AccountsRecovery.net.

Fair Debt Collection 245

Fair Debt Collection Lawyers Collections Credit Management 245

Enterprise Recovery

FEBRUARY 12, 2021

If your business has sent bad debt accounts off to a collections agency, you likely have questions about recovering that debt. Typically, commercial collections agencies only charge a fee if they're able to collect. How Long Can a Collection Agency Attempt to Collect Business Debts?

Collection Agencies 246

Collection Agencies Collections Agency Collections Commercial Collection 246

American Profit Recovery

MARCH 15, 2024

The bad news? Here are some reasons why taking customers to small claims court may not be the best solution to collect outstanding debt. Here are some reasons why taking customers to small claims court may not be the best solution to collect outstanding debt. That’s good news.

Judgment 213

Judgment Collection Agencies Collections Agency Garnishment 213

Enterprise Recovery

MAY 7, 2021

At this point, many businesses will simply write off the invoices as bad debt and move on. If you've taken on too much bad debt or let far too many invoices go unpaid, it's time to bring in the professionals. Here's how to hire a debt collections agency for your unpaid invoices.

Collection Agencies 210

Collection Agencies Collections Agency Collections 210

Account Recovery

SEPTEMBER 7, 2021

The influx of media reports aimed at spotlighting “aggressive” collection efforts by hospitals and healthcare networks has led to a “substantial” decline in the number of lawsuits filed against individuals with unpaid healthcare debts, according to a new study.

Healthcare 242

Healthcare Collections 242

Enterprise Recovery

JULY 1, 2022

When you've exhausted time and resources chasing down an unpaid invoice, it's time to send that invoice to third-party collections. If the client isn't responsive to your efforts to connect or they're refusing to pay or cannot pay, it's time to send the account to third-party collections.

Collections 204

Collections Collection Agencies Collections Agency 204

Account Recovery

AUGUST 7, 2023

A District Court judge in Pennsylvania has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act suit, ruling that the plaintiff appeared to be “acting in bad faith” because the suit contained “patently frivolous and faulty legal interpretations and arguments.”

Fair Debt Collection 130

Fair Debt Collection Collections 130

Collections Law

NOVEMBER 19, 2023

When a business debtor writes a bad check you wouldn’t expect that it would actually be a good thing and that it could help your company collect on the debts owed to them. But that bad check opens up access to legal actions that can ensure your access to funds that can help you get paid. It seems counterintuitive.

Lawyers 52

Lawyers Debtor Banks Collections 52

Enterprise Recovery

MAY 13, 2022

Although this is pre-engagement and on the front end of the A/R and collection process, it’s still an important part of any B2B accounting process. To help reduce delinquencies and bad debt write-offs, businesses should put focus on the front-end credit analysis process prior to contracting with a new client.

Collections 195

Collections 195

Account Recovery

OCTOBER 2, 2020

After a Magistrate Court judge recommended that the defendants in a Fair Debt Collection Practices Act case file a motion for sanctions, a District Court judge in New York has denied the motion, ruling that the “reckless and overzealous advocacy” of the plaintiffs does not rise to the threshold of constituting “bad faith.”

Fair Debt Collection 246

Fair Debt Collection Collections 246

Enterprise Recovery

SEPTEMBER 16, 2022

Enterprise Recovery LLC was introduced in 2016 in response to our business clients' requests for industry-focused commercial debt collection. Since then, our company has vowed to help our clients recover bad debt, increase accounts receivable collections and review any potential legal action against their customers.

Collections 181

Collections 181

Collections Law

FEBRUARY 1, 2023

That’s because, by law, anyone in Massachusetts who writes a bad check may be personally liable for its payment, along with a relatively small amount in damages. You don’t have to have a signed personal guarantee to collect from the bad check writer. In this scenario, many debt collection attorneys would give up.

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Collections Judgment Banks Debtor 89

Enterprise Recovery

OCTOBER 23, 2020

If your accounting team outsources its bad debt or unpaid receivables to a collections agency, it's also important to protect your brand. Quite simply, a negative experience with a collections company could sour business relationships and your branding. Does your debt collections company offer brand protection?

Collection Companies 152

Collection Companies Collections Collection Agencies Collections Agency 152

Enterprise Recovery

JUNE 29, 2021

When you're certain that an account is not collectible, for instance, you have the option to remove it from accounts receivable in your financial books by writing it off as bad debt. Here's how to create a bad debt allowance for doubtful accounts.

Collections 130

Collections 130

Enterprise Recovery

AUGUST 21, 2020

Whether you've decided to escalate their continued late payments, write off their account as bad debt or pursue litigation, you don't have to do it alone. When good clients go bad, here's what to look for in the best B2B collections agency.

Collection Agencies 162

Collection Agencies Collections Agency Collections 162

Nexa Collect

JANUARY 14, 2023

The US government has thrown a slew of laws on collection agencies, making bad-debt recovery harder and costlier. Extra costs to comply with these laws would be passed on to businesses /creditors, who are already unwilling to pay the current costs associated with hiring a professional debt collector. New Regulations.

Debt Recovery 130

Debt Recovery Government Collection Agencies Collections Agency 130

Account Recovery

FEBRUARY 19, 2021

WebRecon’s monthly statistics outlining the number of lawsuits filed in January alleging violations of the Fair Credit Reporting Act, the Fair Debt Collection Practices Act, and the Telephone Consumer Protection Act is a classic, “good news, bad news” type of situation.

Fair Debt Collection 162

Fair Debt Collection Collections 162

Enterprise Recovery

JANUARY 15, 2021

Get yourself a partner who does accounts receivable, bad debt collection and helps with litigation. B2B Debt Collections in 1.2.3. There are steps that your business can take to ensure payment prior to taking legal action. Or you can work with an professional agency that takes these steps with you.

Collections 132

Collections Collection Agencies Collections Agency 132

American Profit Recovery

AUGUST 6, 2021

Everyone associates “collection specialists, or debt collectors” as bad, mean people blowing up your phone. If you are looking for a rewarding career and want to learn more about how the collection industry helps both businesses and consumers, check out our career page. But that’s just not true.

Debt collector 246

Debt collector Collections 246

American Profit Recovery

NOVEMBER 2, 2022

To say there is endless misinformation about debt collections in the media and on the Internet would be a vast understatement. Right up front, you should know that the debt collection industry provides critical and necessary support to not only consumers and the business community but the overall economy.

Collections 130

Collections Collection Agencies Collections Agency Debt collector 130

Credit Corp

JULY 25, 2023

Good credit can open doors, but bad credit can keep them shut. Bad credit leads to more fees, higher interest rates, and rejected applications. Potential lenders, landlords, and employers might reject your application if you have bad credit. Bad credit can limit your options to short-term loans with higher monthly payments.

Loans 96

Loans Student loans Student Loans Retail 96

Nexa Collect

JUNE 27, 2023

Employ a Collection Agency : If the borrower is unresponsive or unwilling to pay, employ the services of a collection agency. The agency will then take over the task of contacting the borrower and attempting to collect on the debt. Offset Tax Refunds and Government Benefits : For federal student loans in the U.S.,

Student loans 100

Student loans Student Loans Loans Garnishment 100

FFGN COLLECT NY

JANUARY 31, 2024

The New York State Attorney General’s job is to protect the citizens of the State from bad actors. That would include pursuing a Debt collection company that acts deceptively and fraudulently. As guardian of the rights of the people (and small businesses) the New York State Attorney General pursues bad actors.

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Collection Companies Collections Lawyers Garnishment 52

JMA

OCTOBER 20, 2023

Dealing with business debt is a challenging facet of many Australian companies’ financial landscapes. While debt can be an essential tool for growth, outstanding debts can constrain operations and hinder potential expansion.

Collections 52

Collections Debt collector Collection Agencies Collections Agency 52

Nexa Collect

FEBRUARY 26, 2021

It is fairly common in the breeders’ industry to assign past-due accounts to a debt collection agency. Looking for a collection agency : Contact us. The moment your customers realize that the recovery is now handled by a professional collection agency, the entire tone changes. Serving Breeders Nationwide.

Collection Agencies 130

Collection Agencies Collections Agency Collections Debt Recovery 130

Credit Corp

OCTOBER 25, 2023

Having no credit or bad credit both present different challenges. Bad credit can prompt frequent collection calls and take a long time to repair, while no credit can reduce your eligibility for most loans. No credit and bad credit can both hold you back in their own ways. What Are the Impacts of Each?

Loans 52

Loans Lender Credit Bureau Collection Agencies 52

American Profit Recovery

JUNE 11, 2023

It’s June 2023 and household debt just set an all-time record. The New York Federal Reserve issued a report in May 2023 that indicated a new record in household debt. Americans have racked up over $17 trillion in debt. You can mitigate your risk by getting more assertive with your collection practices.

Collection Agencies 130

Collection Agencies Collections Agency Collections 130

American Profit Recovery

JULY 21, 2022

If your business has thought about hiring a collection agency to improve cash flow, but has never made a firm decision, you’ll want to listen up. Before you hire a collection agency. But it is an important step and getting paid on time and laying the groundwork for collection activity for non-payers.

Collection Agencies 228

Collection Agencies Collections Agency Collections Debt collector 228

Nexa Collect

APRIL 27, 2021

Simple Answer: Once the bad debt entry hits the credit report, the fear in the debtor’s mind is gone. You just used the most effective tool in debt recovery before giving enough time to the debtor to settle your unpaid bills. However, collection agencies that delay credit reporting keep this valuable tool for later use.

Collection Agencies 130

Collection Agencies Collections Agency Debtor Debt Recovery 130

American Profit Recovery

SEPTEMBER 16, 2022

Once a week, we hold a meeting called “Best Practices,” hosted by our top debt collection professionals, work team leads, and management. Offering professional development opportunities is how this collection agency gets better every day.

Collection Agencies 130

Collection Agencies Collections Agency Collections 130

FFGN COLLECT NY

JANUARY 10, 2024

On Tuesday, January 9, New York Governor Kathy Hochul delivered the 2024 State of the State address, discussing certain changes that will affect debt collection within the state. Medical Debt Medical debt was another topic addressed in the State of the State address. Over 700,000 New Yorkers have medical debt.

Garnishment 52

Garnishment Collections Debt collector Student loans 52

FFGN COLLECT NY

JANUARY 29, 2023

Many people believe a recession would be good for the debt collection industry. They think more debt leads to more collectible debt, more collections, higher returns to clients, and increased fees to debt collection firms. Volume As the level of debt increases, so will non-payment.

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Collections Credit Card Debt Debt collector Creditors 52