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A Collection Agent Is Calling: Help!

The Kaplan Group

So, it’s no surprise that people are falling behind on their bills, and that some people have received calls from a collection agent. If you are receiving calls from a collection agency, the most important things to know are that you should not panic and you should not ignore the call. But scammers are out there.

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What Are The Common Problems Faced by the Debt Collection Agents?

Taurus Collect

Therefore, it is vital to have a robust debt collection strategy to enable you to stabilise your cash flow and acquire money from your debtors without hampering your business relationships. With regards to the recovery of debts, listed below are a few problems faced by the debt collecting agency: Oral contracts.

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Commercial Debt Collection for Businesses – 2023 Guide

Direct Recovery

In most cases, some qualifications and credentials will be required to distinguish that you are working with a reputable collection agent. This allows commercial collection agents more flexibility in collecting on your behalf, but it is always a fine line between pushing too hard and not pushing hard enough.

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All About Wage Garnishment and Credit Collections – 2023 Updated

Direct Recovery

The first step in implementing a wage garnishment is for the collection agent to obtain a judgment against the debtor. Once the wage garnishment is in place, a debtor can still negotiate with the collection agent to set up a repayment plan. If you need to catch up, try to work with collection agents.

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Toll fine Debt Collection letters are ‘intimidating and misleading’

UK debt collections

Letters being sent by a Debt Collection Agency to drivers who fail to pail Tyne Tunnel fees are “initimidating and misleading” debt charities have warned. The Debt Collection letters advise of potential fines and even criminal convictions.

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FDCPA: 6 Things to Know About Regulation F

The Kaplan Group

Unless an exception applies, debt collectors can’t transfer a debt to another collection agency if the debt collector knows, or should know, that the consumer settled the debt; the consumer discharged the debt in bankruptcy; or the consumer filed an identity theft report.

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Personal Director’s Guarantees: Increase Your Chances of Recovery and Reduce Debt

Debt Recoveries

Hi, my name is Adam Stewart, Debt Collection Professional and owner of Debt Recoveries Australia and ADC Legal-Litigation Lawyers. The current level of personal bankruptcy and corporate insolvency is going to increase, post COVID-19. Most debtors owe multiple vendors, not just one.