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Collecting Receivables After Going Through an Acquisition

FFGN COLLECT NY

Companies that grow by acquisition are often faced with challenges when taking a deep dive into recently acquired new customer accounts. Although acquisitions can increase your customer base, new client relationships don’t always go as anticipated. That can be especially true when it comes to collecting accounts receivables.

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New York District Court Approves Class Action in FDCPA Case Alleging Improper Debt Assignment Notification

Troutman Sanders

Palisades Acquisition XVI, LLC , the plaintiff incurred a credit card debt, which was later assigned to a new creditor. The default judgment was later assigned to Palisades Acquisition. Palisades Acquisition subsequently recovered $572.45 In McCrobie v. by executing on the plaintiff’s income.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

Among other things, the updated draft includes the following: ○ Employees of debt collectors are not required to be licensed under the DCLA when acting within the scope of their employment by a licensed debt collector; ○ A creditor, including a provider of nonfinancial services, seeking repayment in its own name of consumer debt arising from a consumer (..)

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3 Key Challenges in Addressing Non-Performing Loans (NPLs)

Re:Ceeve

McKinsey’s research on how customers experience delinquency contact highlighted the banking industry’s disregard of the channels that statistically lead to the best customer outcomes. According to Invesp , 44% of organisations place a greater emphasis on customer acquisition versus 18% who focus on retention.

Loans 78
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How To Remove Cavalry SPV I LLC From Your Credit Report

Better Credit Blog

Instead, it’s an agency that purchases debts from companies, for pennies on the dollar, then collects payments from debtors. You can contact Cavalry at its office here: 500 Summit Lake Drive, Suite 400. According to its website, Cavalry SPV I LLC specializes in the acquisition and management of un-repaid consumer loans.

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Dubai jailed Brit targets Saudi Royal Family over unpaid debts

UK debt collections

His lawyers said that he and his business partners had not received the money agreed as part of the merger and acquisition of their firm, London Business Group, by the Saudis’ family company, Harbor Holdings-Himmah Foods. Arnold’s row with the Saudi royals initially began in 2017.

Lawyers 53
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The ever-expanding role of big data

On Guard

So developments in new technologies and data acquisition and storage are moving fast. But by combining lots of (un)structured data from different sources, it is possible to use the data as a basis for informed decisions and predicting customer or debtor behaviour. Contact us.