Nexa Collect

FEBRUARY 3, 2022

An average collection agency will recover about 20% of the total debt assigned. Here are the most important factors which decide how much a collection agency will collect for you: 1. Is your debt primarily Commercial (B2B) or Consumer (B2C). Commercial debts have a recovery rate of around 75% on viable accounts.

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Taurus Collect

DECEMBER 18, 2023

This is where a commercial debt collection agency comes into play. One of the key trends in this industry is the ‘no collection no fee debt collection’ approach, a cost-effective solution for businesses grappling with unpaid debts. Transparency : Transparency in fees and collection practices is crucial.

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Taurus Collect

JANUARY 10, 2024

Navigating the labyrinth of commercial debt collection laws in the UK can be daunting for businesses. This blog post aims to shed light on UK commercial debt collection laws and regulations. The Fair Trading Act : This law prevents businesses from using unfair tactics when they are collecting debts.

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Taurus Collect

JANUARY 10, 2024

In such circumstances, resorting to a commercial debt collection agency becomes not just an option, but a necessity. A popular choice among UK businesses is a “ No Cure No Pay ” debt collection service. A debt collection agency can use its expertise to break this communication barrier.

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Taurus Collect

DECEMBER 18, 2023

An inevitable part of this financial management is the realm of commercial debt collection. In this blog post, we will delve into the tips and strategies that will help you navigate commercial debt collection effectively. If the agency fails to collect the debt, you don’t pay anything.

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FFGN COLLECT NY

MARCH 10, 2023

Debt collection is an essential service, especially in situations where your client doesn’t pay in advance. Most, if not all, businesses will utilize a debt collection service to pursue payment owed by individuals or businesses. In New York, there are differences between commercial vs consumer debt.

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Collections Law

SEPTEMBER 11, 2023

In the world of business and commercial transactions, you will inevitably cross paths with a customer who does not make good on their promise to pay. When this happens, skip the collection agencies and choose a collections attorney to help you. A commercial collections attorney is held to higher standards.

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Taurus Collect

APRIL 26, 2021

When you’re looking for a commercial debt collection agency, it’s easy to feel overwhelmed. We know what makes a good debt collection agency because we strive to be the best we can be. Commercial collection agencies that are worth your time have a good reputation and are trustworthy. Success Rate.

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Taurus Collect

OCTOBER 30, 2023

Understanding the art of debt collection can be a challenging task for any business, especially when the debtor refuses to pay despite many reminders. In such situations, engaging a collections agency becomes inevitable. The Late Payment of Commercial Debts Act (1998) is one crucial law that you should be well-versed in.

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Nexa Collect

OCTOBER 2, 2020

Not getting paid on time can quickly restrict your cash flow, that’s why hiring a collection agency when an account is 60 days past due is absolutely the right choice. A collection agency can offer a flat-fee collection package or contingency based collections. Need a Collection Agency? Contact Us.

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Debt RR

APRIL 8, 2022

The quest to obtain financial compensation for unpaid commercial debt might require legal action. To be more specific, you need the assistance of a commercial debt collections specialist to pursue civil litigation on your behalf. Commercial Debt Recovery Through Civil Litigation. Engaging in Legal Battle.

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Debt RR

SEPTEMBER 8, 2022

This is because inflation causes a general increase in the prices of goods and services. But if you hold or loan out commercial debt, you might be wondering how inflation affects you. What Is Commercial Debt? Commercial debt is a type of debt businesses use to finance their operations.

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Direct Recovery

APRIL 18, 2023

But that debt can quickly become an anchor weighing down the entire company if growth sputters, and the resulting collections can be even more problematic than the debt in the first place. Of course, there is also the fact that you’re probably more concerned with running your own business than collecting from a failed one.

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American Profit Recovery

FEBRUARY 7, 2023

What type of results should I expect from using a collection agency for my business? If your organization has made the decision to move forward on hiring a debt collection agency, you’ll be asking some common questions. Want to know more about managing your expectations of using a debt collection agency?

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Collection Industry News

MARCH 27, 2024

Total commercial chapter 11 filings (including subchapter V) registered the largest increase, as the 1,894 filings during the first quarter of 2024 were up 43 percent from the 1,325 total commercial chapter 11s during the same period in 2023. Year-over-year commercial filings were up 3 percent to 2,434 compared to 2,372 in March 2023.

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Collections Law

APRIL 7, 2023

If you have a judgment against a Massachusetts commercial debtor, it may surprise you to learn that the courts don’t unilaterally enforce judgments. You sill have to collect – and you’re not going to do that with letters and phone calls. Cohen LLC, we have over 50 years of experience collecting commercial debts.

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American Profit Recovery

DECEMBER 27, 2021

It doesn’t matter if you come to us for commercial debt collections or medical collections, we want to make sure that your journey with our team Is one that impresses you and resolves your cashflow challenges. It is not enough these days to just have a customer service department. You can hear it in their voice.

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Direct Recovery

APRIL 16, 2023

Hiring a commercial debt collection agency could be the best or worst thing you ever do for your business, no matter what product or service you specialize in. In almost every case, the result of partnering with a debt collection agency will be determined by the caliber of agency you choose to work with.

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Collection Industry News

JUNE 9, 2023

Introduction: For collection agencies and attorneys, expanding their business and maximizing revenue is a constant pursuit. In this article, we will explore the advantages of joining the Commercial Collection Agencies of America (CCAA) and how it can help collection agencies and attorneys propel their business growth to new heights.

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Troutman Sanders

FEBRUARY 1, 2024

We are pleased to share our annual review of regulatory and legal developments in the consumer financial services industry. With active federal and state legislatures, consumer financial services providers faced a challenging 2023. Courts across the country issued rulings that will have immediate and lasting impacts on the industry.

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Debt RR

JULY 8, 2022

If a commercial account goes unpaid for an extended period of time, there will come a point when the business doing the billing takes additional action to recover the money. The delinquent account is put in collections. An account placed in collections has the potential to be paid in full, partially, or not at all.

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Credit Management Company

MAY 31, 2022

You may think your company has a handle on collecting past-due accounts, but the world of consumer and commercial debt collection is vast and complicated. Here are five reasons using a debt recovery service can benefit your business. Here are five reasons using a debt recovery service can benefit your business.

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UK debt collections

FEBRUARY 16, 2021

Plans to create a Nationwide Debt Collection service to recoup unpaid covid Business support loans have hit a brick wall according to latest reports. £45 In total 1.47m loans were issued by Commercial Lenders with a government guarantee. Smaller lenders are bracing themselves for financial hits from the fall out of the scheme.

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Collections Law

AUGUST 24, 2023

If you speak for a large business or corporation that needs to collect on a commercial debt, you should know about this essential tool. Inexperienced collection attorneys start thinking about how to collect only once they have a court judgment. Collection on a property sale is in many ways first come, first served.

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Collection Industry News

OCTOBER 5, 2021

Tuesday, October 21, 2021-Chicago-Commercial Collection Agencies of America is proud to. announce that National Service Bureau-Commercial Division has recently earned the industryrespected Certificate of Accreditation and Compliance. to oversee all facets of management and operation. “We Waggoner, Executive Director.

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Payment Savvy

OCTOBER 20, 2021

The fundamental foundation of any company is the exchange of goods or services in return for money from clients. Being too easy with commercial creditors might cause your firm to collapse in a matter of minutes. What is B2B Debt Collection? B2B debt collection can help any business experiencing nonpayment of account receivables.

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FFGN COLLECT NY

DECEMBER 15, 2021

The Consumer Financial Protection Bureau (CFPB) has more to do with your debt collection claim than you might think. Personally, CFPB has a lot to do with how companies approach you to collect debt and other financial products. In New York State, it’s the Department of Financial Services. We have the experience that pays.

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Collection Industry News

APRIL 3, 2023

Collection Industry News would like to congratulate Valerie Ingold on becoming the first female president in the history of the IACC(International Association of Commercial Collectors) As a young college student, Valerie never envisioned a career in the collection industry. CONGRATULATIONS VALERIE!

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Account Recovery

DECEMBER 7, 2020

Canada and abroad.

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Collection Industry News

JANUARY 10, 2022

January 5, 2022-Chicago-Commercial Collection Agencies of America has elected its new. Board members include Pete Roth of CST Company, Fred Wasserspring of Lyon Collection Services, Inc., Humberto Matz of Creditors Adjustment Bureau, Tom Claybaugh of Mountain States Commercial Credit Management, Inc.,

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Debt RR

SEPTEMBER 27, 2020

Running a business involves the provision of goods or services in exchange for payment. 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?

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Recoverity

DECEMBER 7, 2021

Our commercial debt collection agency is certified by the oldest and most prestigious creditors’ rights association in North America, the Commercial Law League Of America (CLLA). The post GGR appeared first on Recoverity.

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UK debt collections

JUNE 16, 2021

Kathleen Shepherd from Southampton was the only Director for Shepherd Site Services Limited. The company acted as a broker for waste management services within the construction industry. Following concerns over the dealings of the company, the Insolvency Service launched an investigation.

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Collections Law

FEBRUARY 2, 2024

Unfortunately, when a company has experience as a debtor, sometimes, this has given them an opportunity to learn a few tricks to try and avoid collection efforts. Our collections attorneys at Law Offices of Alan M. For example, they will complain about your products or services as a way to deflect your collection efforts.

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Taurus Collect

JULY 17, 2023

Do you own a rental property business and are having difficulties collecting past-due rent from tenants? If you’ve tried every option possible to collect the money owed, it may be time to seek help from a collection agency. Find the Right Collection Agency Just selecting any collection agency may not be the best solution.

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FFGN COLLECT NY

APRIL 13, 2023

Last week, a New York court ruled that the NY Guaranty Law passed during the pandemic, which prevented landlords from pursuing good guy guarantors and others for commercial property, is unconstitutional. Local Law 55 prohibited harassment of commercial tenants hurt by the pandemic and included civil penalties of $10,000 to $50,000.

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The Kaplan Group

FEBRUARY 21, 2022

It may be time to consider hiring a commercial collection agency. We’ve spent a lot of time on this blog discussing: Turning debt over to a collection agency Choosing the right collection agency for your business Innovative steps for protecting your business now and in the future. What is a Commercial Collection Agency?

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