Nexa Collect

SEPTEMBER 23, 2021

Several collection agencies have been using electronic mediums like emails, social media platforms, and SMS to contact debtors. This approach is significantly different from traditional collection calls and letters. Therefore many collection agencies use a blend of traditional and electronic mediums.

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Collections Collection Agencies Collections Agency Debtor 130

Nexa Collect

MARCH 12, 2021

Debt collection agencies in PR include Kinum , TSI , CICA, ILCA and Professional recoveries. Spanish and English-speaking debt collectors are required for Puerto Rico debt collection. Need a Collection Agency in PR? Puerto Rico is one of the states that regulate the collection of fees and interest. Contact us.

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Nexa Collect

AUGUST 8, 2020

Collecting outstanding debt isn’t an easy process. Companies will generally try to collect on their outstanding accounts internally before passing their most egregious cases on to an external debt collection agency. Are collection agencies effective enough to warrant their fees? Collection Rates Drop As Debts Age.

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Collection Agencies Collections Agency Collections Debt Recovery 130

Nexa Collect

JULY 28, 2020

Collecting outstanding debt isn’t an easy process. Companies will generally try to collect on their outstanding accounts internally before passing their most egregious cases on to an external debt collection agency. Are collection agencies effective enough to warrant their fees? But how wise is this? Absolutely.

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Collection Agencies Collections Agency Collections Debt Recovery 130

Qualco

DECEMBER 7, 2023

In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. To find out more on how Qualco’s panel and asset management platform can help you optimise collections, contact us. It offers readers five steps to strategy success.

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Collections Credit Management Creditors Government 64

FFGN COLLECT NY

JUNE 14, 2023

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. Law firms and collection agencies serve the same purpose initially.

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Law Firms Collection Agencies Collections Agency Third-party Debt Collectors 52

True Accord

JANUARY 31, 2024

of consumers take no action after a collection call. Declining RPC Rates The decline of right-party contact rates (RPC)—the percentage of calls in which an agent is able to connect with the target consumer—isn’t new for 2024, but its impact on debt collection is reaching new heights in the new year. to 9:00 p.m.

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Collections Debt collector Fair Debt Collection Creditors 76

Nexa Collect

APRIL 11, 2021

The debt collection industry has been through one of its most difficult periods in modern history, and the recovery looks slow and prolonged. Performance of Collection Agencies during Covid-19 Pandemic. Economic downturns create a huge opportunity for the debt collection industry.

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Collections Collection Agencies Collections Agency Construction 130

PBWT

JULY 20, 2021

Is there a general requirement that these avoidance powers only be used when doing so would benefit creditors? Plaintiff’s two principal creditors are Defendant, with claims totaling $3,545,000, and the Small Business Administration (“SBA”), with a claim of $149,143. See, e.g., 11 U.S.C. §§

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Creditors Bankruptcy Debtor Manufacturing 65

True Accord

SEPTEMBER 8, 2022

The world of regulatory compliance can be a complicated place, especially when it comes to debt collection. A debt collector may be able to assert a “Bona Fide Error Defense” in a lawsuit alleging violations of the federal Fair Debt Collection Practices Act (FDCPA). . It can be tricky for non-security and compliance professionals.

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Collections Fair Debt Collection Debt collector Government 91

Jimerson Firm

JUNE 29, 2021

Government was searching for a way to encourage westward expansion. Florida residents can register their primary residence as a homestead under the Homestead Exemption and receive asset protection from creditors and up to $50,000 in property tax exemptions. Protection from Creditors under the Homestead Exemption.

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Creditors Judgment Government Collections 98

Taurus Collect

MAY 11, 2023

It’s important to understand how credit card debt collection works so that you can find the best way for your individual situation. Overview of The Credit Card Debt Collection Process Credit card debt collection can be a stressful experience for both the debtor and the creditor.

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Credit Card Debt Collections Collection Agencies Collections Agency 52

Qualco

MARCH 14, 2024

In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. To find out more on how Qualco’s panel and asset management platform can help you optimise collections, contact us. It offers readers five steps to strategy success.

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Credit Management Creditors Government Collections 78

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. Hochul made it clear that the state will assist consumers in New York by adding greater consumer protections—a plan that will affect creditors and debtors alike.

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Garnishment Collections Debt collector Student loans 52

Collection Industry News

MARCH 17, 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. Hochul made it clear that the state will assist consumers in New York by adding greater consumer protections—a plan that will affect creditors and debtors alike.

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Garnishment Collections Debt collector Student loans 40

Collection Industry News

SEPTEMBER 29, 2020

ACA International’s comprehensive comments in response to the Consumer Financial Protection Bureau’s proposed debt collection rule recommend fair and objective policies that clarify legal obligations for the accounts receivable management (ARM) industry and provide clarity for consumers. In 2016, our industry returned $67.6

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Government Accounts Receivables Management Collections Fair Debt Collection 40

UK debt collections

JULY 2, 2020

Debt Collection enforcement visits to residential properties in the UK have been given the green light to resume from the 24th August. This is important for the UK economy as our members collect over £100 million every year of unpaid debts on behalf of UK companies, and this is money these companies need to continue trading.”.

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Roths Child Law

MAY 17, 2024

Also, many assets, such as retirement accounts, certain amounts of home equity, most personal property and specific government benefits, aren’t subjected to liquidation because they’re exempt. This prevents creditors from trying to collect debts, which gives the filer a break from letters, phone calls and other collection methods.

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Chapter 7 bankruptcy Bankruptcy Creditors Debtor 52

Sawin & Shea

FEBRUARY 16, 2021

Are you receiving collection letters while working with a bankruptcy attorney ? Let’s take a look at why you should save collection letters and share them with your attorney. Some Collection Notices are Unlawful. The first reason your attorney needs these letters is to review them and ensure your creditors are following the law.

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Collections Bankruptcy Creditors Fair Debt Collection 52

Qualco

APRIL 25, 2024

In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. To find out more on how Qualco’s panel and asset management platform can help you optimise collections, contact us. It offers readers five steps to strategy success.

Loans 52

Loans Credit Management Creditors Government 52

UK debt collections

APRIL 12, 2022

A big spike in Debt Recovery action is expected following the end of temporary measures introduced by the government to help bolster Small Businesses during the pandemic. At the same time, they will have prevented other businesses from rightfully collecting what they owed.

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Debt Recovery Debtor Government Creditors 93

FFGN COLLECT NY

APRIL 18, 2023

What happens to the money on deposit at the debt collection lawyer’s bank if that bank fails? Recent news could leave you wondering whether monies collected and deposited by your debt collection attorney on your behalf will be safe or at risk. An example would be if a debt collection attorney collected $400,000 on your claim.

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UK debt collections

MARCH 24, 2021

The HMRC is now facing its biggest debt collection challenge in history. An estimated £26.6bn of that debt is sufficiently in arrears to allow it to be subject to immediate HMRC debt collection action. One way to do this would be to use its HMRC debt collection teams to pursue outstanding tax payments.

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Collections Unsecured Creditor Creditors Government 64

Collection Industry News

OCTOBER 17, 2022

It is also beneficial to creditors in that it ensures that the assets are sold for a reasonable price. Typically, the debtor will initially file a motion for approval of “bidding procedures” which will govern the process for the sale. The debtor must market the assets and sell them through a court-approved auction process.

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Debtor Bankruptcy Creditors Government 40

Qualco

NOVEMBER 28, 2023

In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. To find out more on how Qualco’s panel and asset management platform can help you optimise collections, contact us. It offers readers five steps to strategy success.

Loans 83

Loans Credit Management Creditors Government 83

UK debt collections

JULY 7, 2022

The Insolvency has issued a statement on its use of Private Debt Collection Agencies this week. It also refers to collecting payments from companies that are in liquidation. It also helps avoid scammers portraying themselves as acting on behalf of the Insolvency service in debt collections matters. Payments to creditors.

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Collection Agencies Collections Agency Collections Debt collector 59

FFGN COLLECT NY

MAY 8, 2024

In April, following an investigation by Attorney General Leticia James’ office, Pathward (formerly known as MetaBank) was required to refund money to account holders after unlawfully sending frozen deposits to creditors. New York allows judgment creditors to restrain bank accounts belonging to judgment debtors once a judgment is entered.

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Banks Debt collector Judgment Creditors 52

Direct Recovery

MAY 4, 2024

Creditors usually pull credit reports to gain access to information about people they are considering lending money to. This can often include landlords, employers, insurance companies, government agencies, and utilities providers. Who Can Pull My Credit Report?

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Debt collector Creditors Debtor Loans 80

Nexa Collect

NOVEMBER 1, 2021

Individuals can be legally forced to pay their debts with their cryptocurrency, but the creditor must have a judgment which states that the debtor is obligated to pay off the debt, including any cryptocurrency they own. government regulatory bodies treat cryptocurrencies differently. government earlier before?

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Debtor Creditors Government Banks 130

Fraser

JUNE 25, 2020

Creditors of a bankrupt company must be aware of the various deadlines and procedures that govern the chapter 11 process in order to protect and enforce their rights. For creditors to maximize their recoveries, they must stay informed and take action during a bankruptcy proceeding. First Day” Motions. Proof-of-Claim Bar Date.

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Creditors Bankruptcy Unsecured Creditor Debtor 72

Collection Industry News

JUNE 12, 2023

Introduction: Managing debt is an essential aspect of running a business, and effective debt collection is crucial for maintaining healthy cash flow and financial stability. Implementing proper debt collection techniques can help businesses recover outstanding payments while maintaining positive relationships with clients.

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Collections Debt Recovery Collection Agencies Collections Agency 61

Debt RR

SEPTEMBER 27, 2020

The good news is that it is your right to collect on debts as long as you follow the right legal procedures. If you operate a B2B model, you are required to follow business debt collection laws. What are Business Debt Collection Laws? The business debt collection laws protect them. Can a Business be Sent to Collections?

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Collections Collection Agencies Collections Agency Debt Recovery 74

Taurus Collect

JANUARY 23, 2023

Tax season can be incredibly stressful for business owners, with many wondering how the financial decisions they make today could affect their future debt collection. In this article, we’ll explore what you need to know about taxes and debt collection to ensure that your organisation remains solvent as tax season approaches.

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Credit Corp

NOVEMBER 9, 2020

If you or someone you know has dealt with a collection agency, you know how trying it can be. Debt collection agencies have a long history of harassment and illegal practices. Can a collection agency report to a credit bureau without notifying you? It does not come into play for creditors collecting their own debts.

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Collection Agencies Collections Agency Credit Bureau Collections 105

Hudson Weir

AUGUST 21, 2023

In this guide we explore HMRC debt management and collection, including the options if your business is struggling to make a repayment. The government offered a bounce back loan during COVID-19, but several years later, lots of companies are struggling to repay it. If that’s the case, your company isn’t alone.

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Collections Debt Management Debt collector Trade 52

Sawin & Shea

JANUARY 28, 2021

When you hire Sawin & Shea for your bankruptcy, we give you a phone script that helps you handle collection calls. After you retain the firm, creditors must stop calling you once they have notice of our representation. How to Use Your Collection Call Script. A collection call script does two main things.

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Collections Bankruptcy Creditors Original Creditor 52

Qualco

NOVEMBER 30, 2021

The debt collections sector is facing several challenges, like many other sectors across Europe. Changing customer behavior due to the deterioration of their financial circumstances have led to an uptick in debt and collections activities as well. To navigate through uncertainty, creditors need to adapt their strategy quickly.

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