Taurus Collect

APRIL 9, 2024

Designed to mitigate financial risks and enhance efficiency in debt recovery, this approach offers businesses a safety net, ensuring they only incur a cost upon successful collection. Reminder Notices: Proactive reminders alert customers that due dates are approaching. Monitoring feedback can help you refine your approach.

Collections 72

Collections Debt Recovery Collection Agencies Collections Agency 72

Collect More

NOVEMBER 12, 2023

There was no dispute and they had promised payment countless times to our client before we became involved. About 5 minutes later I received a call from their lawyer promising to pay the full amount that day. The lawyer had also seemingly blocked all our numbers. Be creative with your approach and think laterally.

Lawyers 100

Lawyers Collections 100

American Profit Recovery

SEPTEMBER 12, 2022

And as we approach the last quarter of 2022, it’s a smart idea to take a pause and conduct a thorough review of all your accounts receivable procedures including how you handle late and non-paying customers. You have no doubt seen the news about rising interest rates. This is another part of our economy that is no secret at all.

Collection Agencies 206

Collection Agencies Collections Agency Collections Creditors 206

American Profit Recovery

MAY 31, 2022

And the best agencies out there understand the entire approach to training team members. Because we are a national collection agency, our team members need to understand there are different regulations in almost every state in the country. Just as important is understanding laws and regulations for debt collectors.

Collection Agencies 213

Collection Agencies Collections Agency Collections Debt collector 213

American Profit Recovery

JULY 14, 2020

By Derek: Approximately four months ago, our company made the decision to close the office due to Covid-19, and provide all the employees with computers so they could continue to work from home. Everyone working here has heard stories from consumers about how times are tough for them because of the virus outbreak.

Collections 158

Collections 158

True Accord

APRIL 21, 2022

The idea of compassionate, considerate consumer communication is behind TrueAccord’s approach to debt recovery and drives our innovation, and based on what we’ve seen, we believe there’s a lesson to be learned for others in the debt collection space. So what are consumers’ complaints about their experiences with debt collectors?

Collections 82

Collections Debt collector Debt Recovery Collection Companies 82

American Profit Recovery

JUNE 23, 2020

We are often asked by our new clients about the strategy we will employ to help them get paid and collect the money that is owed to them. The four founders of our company knew one thing was true. The best way to resolve a debt with a customer is with a diplomatic approach as it allows for a resolution.

Collections 246

Collections Debt collector Collection Agencies Collections Agency 246

American Profit Recovery

DECEMBER 23, 2022

And even more myths about how they interact and work with consumers. Think you know everything about the debt collection industry? Our team dispels four more myths about debt collections below. This goes a long way in eliminating disagreements about how and when your business should be paid.

Collections 227

Collections Collection Agencies Collections Agency Fair Debt Collection 227

Collections Law

DECEMBER 6, 2023

Let’s talk first about collecting your foreign debt by registering your foreign judgment through registration. Using litigation to domesticate and enforce a foreign judgment A more aggressive approach to domesticating your judgment is to go straight to litigation to enforce the out-of-state judgment. That brings us to option 2.

Judgment 52

Judgment Collections Debtor Banks 52

Fico Collections

FEBRUARY 27, 2023

The entries this year reveal great advances in technology and approach as organizations become more sophisticated in the way they solve their most pressing challenges. There was plenty of creativity and moxy in the approaches, business models and technologies deployed by the class of 2023.

Retail 98

Retail Startups Banks Debt Management 98

Consumer Finance

JANUARY 25, 2022

This week, President Biden convened members of his cabinet and other agency heads to talk about actions we can take in a whole-of-government approach to spur competition in our economy.

Government 74

Government Financial services Banks 74

American Profit Recovery

JULY 21, 2022

Our economy is changing, and you need to be ready! 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. We only need to look back to when COVID-19 took over our lives. Planning helps pave the way for the future.

Collection Agencies 228

Collection Agencies Collections Agency Collections Debt collector 228

American Profit Recovery

OCTOBER 20, 2021

By Sabrine: I am approaching my fourth year here at American Profit Recovery. Listening as well as giving consumers the opportunity to vent about their struggles and finances while being personable, allowed them to trust in me and our process. The time here flew by, and I am in awe that I have been here for as long as I have.

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213

Troutman Sanders

MARCH 15, 2024

Youngkin also said he was concerned about how the law would impact the Court of Appeals, which was recently expanded. Only through a nuanced approach that acknowledges both excesses and deficiencies can Virginia’s economy continue to flourish.”

Fair Debt Collection 98

Fair Debt Collection Collections 98

True Accord

MARCH 5, 2024

And consumers reported an uptick in optimism about the financial state, according to Deloitte’s ConsumerSignals financial well-being index, which captures changes in how consumers are feeling about their present-day financial health and future financial security based on the consumer’s own financial experience. a year ago.

Consumer Credit 85

Consumer Credit Student loans Student Loans Collections 85

True Accord

OCTOBER 5, 2022

Lauren Valenzuela [LV]: Needless to say, over the last 10 years the CFPB has fundamentally changed how we think about and approach compliance. That has really influenced our industry and how we think about communications in debt collection. Here at TrueAccord, what does our information show about mobile usage?

Collections 84

Collections Collection Agencies Collections Agency Education 84

Jimerson Firm

NOVEMBER 5, 2021

“We strive to work as a team in exceeding expectations while producing enduring value for our clients,” said managing partner Charles B. Our inclusion as one of the Best Law Firms affirms our client-centered, multi-disciplinary approach is valued by our clients and respected by our colleagues.”.

Law Firms 98

Law Firms Lawyers Client Expectations Manufacturing 98

American Profit Recovery

DECEMBER 4, 2020

Some of our customer service professionals have developed personal relationships with our clients. This is also your chance to ask your representative any questions you have about how the collection process will work. Ask about other services. Did you read our blog post on how to hire a collection agency?

Collection Agencies 164

Collection Agencies Collections Agency Collections Credit Bureau 164

Taurus Collect

APRIL 9, 2024

A debt collection agency can professionalise the approach to recovering these funds. However, it’s essential to inquire about any additional fees that might not be immediately apparent, such as litigation fees if the collection process escalates to legal action. About Us Taurus Collections (UK) Ltd.

Collection Agencies 52

Collection Agencies Collections Agency Collections Debt Recovery 52

Qualco

OCTOBER 6, 2022

While a digital-first approach may bring increased collections rates for customers with unpaid bills and missed installments, that is not the appropriate method for portfolios mostly comprised of Big Ticket mortgages and SME loans. Do you want to learn more about the benefits of High Balance teams for your customers and organisation?

Collections 52

Collections Financial Institution Lender Loans 52

CICM

JULY 26, 2023

Remember our earlier CICM blog about the importance of the human touch? There isn’t a one size fits all approach. Each situation requires a different approach, which is one of the reasons why the role is so interesting. Looking for a Job in Credit Control?

Creditworthiness 52

Creditworthiness Debt Recovery Credit Management Collections 52

Qualco

MARCH 12, 2024

In our recent study on the collections sector conducted in partnership with Deloitte France, difficulty in finding the right staff emerged as a key challenge for respondents, both among those managing Banks’ collections departments and those overseeing servicing operations. By George Fertakis , Senior Business Consultant at QUALCO.

Collections 101

Collections Debtor Banks Loans 101

American Profit Recovery

JANUARY 18, 2021

While many we work with take a proactive approach and have a robust accounts receivable program, we find many companies utilize debt collections when they cannot resolve that issue with their customer on their own. Do not be overly aggressive about future cash flow. Contact our team here for a free, no-obligation consultation.

Collection Agencies 135

Collection Agencies Collections Agency Collections Collection Companies 135

Fico Collections

DECEMBER 13, 2022

McKinsey has echoed our industry forecast, writing recently that digital is becoming best practice for collections and recovery. In their research, they found that a digital omnichannel approach is achieving results such as: 20-25% reduction in non-performing loans. 25% increase in resolution rate in 30+ days past due.

Collections 52

Collections Retail Banks Loans 52

Taurus Collect

MARCH 5, 2024

In the UK, an innovative approach offered by many a debt collector is the ‘no win, no fee’ model, providing a risk-free solution for startups to pursue owed money. This proactive approach can help resolve issues before they escalate to the need for outside intervention. This clarity aids in preventing delays in payment.

Startups 52

Startups Collections Debt Recovery Collection Agencies 52

Receivables Control

SEPTEMBER 22, 2020

A “wait and see” approach is the wrong path. Simply put, using 3rd party collections, increases the urgency of your collection approach and recovers more money, more quickly. Communicating with past due customers is our primary purpose. Its what our people do. We know how to talk with people facing challenges.

Retail 98

Retail Healthcare Collections Bankruptcy 98

Taurus Collect

OCTOBER 30, 2023

Fair Representation: You must accurately represent the amount owed and not mislead the debtor about their legal rights or the consequences of not paying the debt. This might entail: Identifying Financial Condition: Understanding the debtor’s financial situation can inform the approach to debt recovery.

Collections 52

Collections Debtor Debt Recovery Collection Agencies 52

Taurus Collect

AUGUST 15, 2023

However, adopting a ‘No Cure No Pay’ approach to debt collection in the UK can significantly alter this landscape. Research Before Calling Before initiating a collection call, it’s essential to gather all necessary information about the debtor. About Us Taurus Collections (UK) Ltd.

Collections 52

Collections Debtor Debt Recovery 52

Credit Management Company

AUGUST 25, 2021

An article published by Forbes, 50 Stats That Prove The Value of Customer Experience , lists some powerful reasons to care about the treatment of your customers. Since over 85% of our employees work in customer service, it’s certainly not an exaggeration to say our business depends on providing exceptional customer service.

Collections 52

Collections Credit Management 52

True Accord

APRIL 5, 2023

With uncertainties about how the end of various pandemic-era benefits will impact consumers, it’s more important than ever for creditors and collectors to implement strategies that consider consumer situations and preferences when attempting to collect. trillion offsetting a drop in real estate values by about $100 billion.

Student loans 94

Student loans Student Loans Credit Card Debt Loans 94

True Accord

DECEMBER 21, 2022

By understanding and anticipating a customer’s needs, our TrueAccord takes an empathetic approach which enables us to tailor our message and help the consumer’s journey back to financial health. Now a whole new approach is required in order to engage with this consumer. What are their needs? What problems do they have?

Creditors 61

Creditors Collections Financial services 61

Fico Collections

MAY 17, 2023

In fact, we are so committed to this and believe in it so deeply that we have changed our mission Here it is: Applied Intelligence – powering your customer connections. It's clear that the leaders took a different approach to innovation than the laggards. The delivery of outcomes is truly is about the operationalization of AI.

Financial services 97

Financial services Banks Collections 97

True Accord

SEPTEMBER 16, 2021

After seeing success with our late-stage collection solution, Recover, we identified an opportunity to apply the same customer-centric approach to early-stage collections. Our data and machine learning-driven engine proved unmatched for late-stage recoveries. About TrueAccord. About One True Holding Company.

Collections 82

Collections Lender Creditors 82

Taurus Collect

FEBRUARY 1, 2024

Understanding the raison d’être of debt collectors can demystify their actions and help you approach situations with them in a more empowered way. This contingency-based approach means that some debt collection companies do not charge the creditor unless they are successful in recovering the delinquent funds.

Debt collector 52

Debt collector Debtor Collection Agencies Collections Agency 52

True Accord

OCTOBER 10, 2023

We’re approaching the end of the year and fall is in the air – along with consumer financial uncertainty. Read on for our take on what’s impacting consumer finances and our industry, how consumers are reacting, and why employing digital strategies to boost engagement is more important than ever for debt collection in 2023 and beyond.

Student loans 82

Student loans Student Loans Loans Personal loans 82

Collections Law

APRIL 5, 2022

You may want to start with a friendly reminder and discussion about their payment plan. On the other hand, once those delays approach the 60 to 90 day mark, you need to take serious action. Our firm has helped businesses in nearly every industry throughout Massachusetts. You should always have a payment agreement in writing.

Collections 52

Collections Credit Unions Credit Unions Judgment 52

Fico Collections

MAY 18, 2023

Our customers are seeing a significant improvement in cashflow, due to the reduction in operating costs when transactions are denied due to fraud,” said Armando Junior, director of risk at Dock. You can read more about this story in the full media release. Currently, Dock has 250 clients that use FICO technologies to fight fraud.

Retail 52

Retail Lender Startups Banks 52