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A Brief Guide on Services Provided by Debt Collection Agencies

Credits Inc

A study conducted in 2017 indicated 8,513 debt collection agencies were operating in the United States. The primary purpose of business debt collection services involves recovering delinquent amounts and past-due debts. Subsequently, the consumer officially becomes a debtor. Credit Analysis.

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GGR

Recoverity

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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The TCPA: A Primer for Debt Collectors

National Service Bureau

Compliance is a huge part of the debt collection process, and collection agencies need to stay updated on the regulations and legislation that shape interactions with debtors, consumers, patients, etc. The Private Right of Action clause. Why should you care about violations? They cost $$$. agreed to pay $16.5

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Top 6 Complaints Against Debt Collection Companies

National Service Bureau

Debt collection companies walk a fine line between business efficiency in their primary function (accounts receivable management), while at the same time needing to respect the fact that the debtor is a valuable client to the business for whom they are running collections. Did you know that.

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Phantom Debt Collections: Miscreants in the Industry

National Service Bureau

Like any industry, the debt collection and accounts receivable management industries have some bad apples. The latter are obviously people and organizations that you would want to avoid should your business need assistance with collecting on delinquent accounts. Or no legitimate debt buyer?

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6 Tips to Find the Best Debt Recovery Agency

Credits Inc

Current reports show that debt recovery agencies recovered more than $78 billion in 2016. The number is a clear indication that the services offered by debt collection service companies works and you should try if your debtors have exceeded the payment period that you had agreed upon. Agency Accreditation.

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Skip-Tracing & Debt Collection: What You Need to Know

National Service Bureau

As it relates to collections and accounts receivable management , skip-tracing is the process of locating debtors whose contact information is no longer accurate. Often, companies have to purchase access to this information, or hire a collection agency that already has access as part of their services.