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How to Manage International Collections

Taurus Collect

When it comes to managing international collections, one key aspect that often stands as a challenge for businesses is international credit checking. Ensuring the creditworthiness of international clients is vital to prevent financial losses and enhance the efficiency of your collections process.

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What is Credit Control and How to be a better Debt Collector

Debt Recoveries

Credit control is the process of overseeing and collecting payments that consumers or clients owe your company. Establishing credit terms, assessing creditworthiness, generating bills, and keeping track of past-due payments are all part of it. An essential aspect of credit control is invoicing. or 1300 799 511.

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Cosigner Responsibilities: When Is a Cosigner Liable for a Debt?

Sawin & Shea

If you have a co-signer associated with your debt or if you are a co-signer, you need to be aware of how financial liability works and what happens when the primary debtor declares bankruptcy. Fortunately, in this blog, we’ll unpack cosigner responsibilities when it comes to bankruptcy and debt.

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Dealing with Debt Collectors

Debt Free Colorado

Bankruptcy may appear to be a scary process, but it does not have to be. You may be able to apply for one of many different types of bankruptcy, each of which accomplishes various aims, depending on your specific situation. When collecting a debt from you, collection agencies must adhere to federal and state rules.

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Does Debt Relief Hurt Your Credit?

Credit Corp

Credit.com’s free credit report card tool can help you better understand your current creditworthiness and which factors you need to work on to help you improve your standing. Since charged-off debts are turned over to collection agencies, it is important to try to settle an account before it gets charged off.

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How to Check Your Credit Report for Identity theft

Credit Corp

When you download your credit report with ExtraCredit, you’ll see a list of positive accounts, late accounts, collections, public records, inquiries and account balances. Negative public records can substantially impact your creditworthiness. Bankruptcies, for instance, often remain on record for up to a decade.

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US mortgage lenders are starting to go bankrupt

Collection Industry News

And now we can add mortgage lender bankruptcies — and the rise (and fall) of “non-qualified mortgages” — to the factors aggravating an already uncertain market. They’ve previously been touted as an option for creditworthy borrowers who can’t otherwise qualify for traditional mortgage loan programs.

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