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 model not only alleviates the financial pressure on emerging businesses but also ensures that debt collecting in the UK becomes a more accessible process.

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Taurus Collect

JANUARY 10, 2024

Navigating the labyrinth of commercial debt collection laws in the UK can be daunting for businesses. This blog post aims to shed light on UK commercial debt collection laws and regulations. The Fair Trading Act : This law prevents businesses from using unfair tactics when they are collecting debts.

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Taurus Collect

FEBRUARY 1, 2024

Dealing with unpaid debts can be a challenging aspect of financial management both for businesses and individuals. That’s where a debt collections service steps in—a critical intermediary that takes on the task of pursuing delinquent accounts to ensure that owed funds are recovered.

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Taurus Collect

OCTOBER 30, 2023

Understanding the art of debt collection can be a challenging task for any business, especially when the debtor refuses to pay despite many reminders. In such situations, engaging a collections agency becomes inevitable. Selecting the right agency: Choose an agency specialising in commercial debt recovery.

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Taurus Collect

JUNE 15, 2023

Are you a business owner struggling to properly manage accounts receivable and collect past-due payments? It’s no surprise that debt collection is an increasingly competitive field, so understanding and leveraging the right tools could give your company the edge it needs.

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Taurus Collect

JULY 17, 2023

Skip tracing, also known as ‘debt collection skip-search’ or simply a ‘skip search’, is a process used by debt collectors to locate and contact those individuals who have gone to great lengths to avoid being found. It can be an incredibly effective collection tool for finding missing debtors.

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Taurus Collect

AUGUST 15, 2023

Navigating the intricate world of debt collection can be a challenging task for businesses of all sizes. It’s even more daunting when your focus should be on running and growing your business rather than chasing overdue payments.

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CICM

JUNE 7, 2023

The digital age has transformed how organisations operate in almost every industry, and collections are no exception. Advances in technology have made it easier than ever for businesses to enhance and streamline their collections processes, improve their cash flow, and manage risk.

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Taurus Collect

OCTOBER 30, 2023

Navigating the financial maze of unpaid debts can be a daunting task for any business. When customers default on their payments, it can have a significant impact on your cash flow and overall business health. This lack of engagement could be due to their inability to pay, disregard for the debt, or they might be buying time.

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Taurus Collect

SEPTEMBER 17, 2023

In the fast-paced world of collections operations, staying ahead means embracing innovation and modernisation. This blog post delves into five critical considerations for data modernisation in collections operations. In collections operations, it can be particularly valuable for budgeting purposes.

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Taurus Collect

MAY 18, 2023

Late payments can be a significant problem for any business, and when it comes to collecting unpaid invoices the situation can become difficult. It is important to know when the best time might be to escalate an invoice from your internal collection process and hand it over to professional debt collection services.

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Taurus Collect

NOVEMBER 15, 2023

Dealing with a collection agency can often feel like navigating a maze, especially when there seems to be a change in your account’s open date. If you’ve found yourself in this situation, you’re likely asking, “Can a collection agency change an account’s open date?”

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Sawin & Shea

JULY 20, 2022

Have you ever been incessantly contacted by a debt collection agency trying to get money from you? Many individuals experience unwanted contact from debt collectors and are unsure how to approach the situation. Businesses or individuals who collect debts on behalf of others are known as debt collectors.

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Taurus Collect

JUNE 12, 2023

For business owners, one of the most dreaded aspects of running a successful company is what happens when customers fail to make timely payments. Thus, debt collection agencies are commonly utilised to ensure that funds due back to businesses don’t go unpaid.

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Nexa Collect

JULY 19, 2020

In one of our previous blogs, Using a Revenue Recovery Service to Recover debt , we discussed the risk undertaken by a business extending credit to another business, or consumer, by providing services in exchange for a promise of “due and proper consideration”.

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True Accord

OCTOBER 11, 2022

Whether you’re a startup or an established organization, understanding the laws and regulations that apply to debt collection can be overwhelming. Fortunately, the knowledgeable team at TrueAccord is here to help break down some of the top questions around compliance in the collections industry. This blog is not legal advice.

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CICM

JUNE 7, 2023

Ensuring your invoices are paid promptly and within terms is an essential item on the ‘to-do’ list for any business that wants to maintain a healthy cash flow position. In this blog, you will find tips that help ease the process, secure some ‘wins’ and streamline your business operations.

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True Accord

NOVEMBER 13, 2023

The New York City Department of Consumer and Worker Protection (NYC DCWP) just released an updated proposed amendment to its rules relating to debt collection. The effect will raise the number of lawsuits brought against NYC consumers and ultimately increase the cost of credit for all consumers across the US to offset New York losses.

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Taurus Collect

MAY 11, 2023

If you have ever had to deal with credit card debt, you know it can be stressful. Debt collectors call at all hours of the day and pressure is put on borrowers to quickly make payments in full. It’s important to understand how credit card debt collection works so that you can find the best way for your individual situation.

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Taurus Collect

AUGUST 23, 2023

In the complex world of finance, debt collection remains a constant challenge. However, the landscape of debt collection has significantly evolved in recent years. It is especially important to know the laws if you are considering a no cure no pay debt collection agency in the UK.

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PDC Flow

AUGUST 17, 2021

It takes attention, time and patience to find the right system for the type of debt you’re collecting. President of First Collection Services, William "Chris" Dunkum has more than 30 years’ experience in the collection industry serving in sales, operations, and executive leadership. Chris Dunkum. John Kelan. David Speed.

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Better Credit Blog

APRIL 1, 2022

If you fall into hard times, the inability to pay off your credit card bills or student loans can result in your debts being transferred to a debt collection agency. Especially when credit reporting agencies reduce your score by up to 50 points. Have a Professional Remove the Collection.

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Better Credit Blog

APRIL 6, 2022

Use The Advanced Method To Dispute The Charge-Off. One of the most effective ways to get negative items removed from your credit report is to pay the debt, in exchange for the creditor removing the charge-off from your credit report. Never give a debt collector access to your bank account. Before You Pay the Charge-Off.

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The Kaplan Group

FEBRUARY 21, 2022

It’s always exciting to land a new client, but when that client does not pay you and the debt adds up, excitement turns into anxiety and disappointment. It may be time to consider hiring a commercial collection agency. We all know managing a business and the cash flow process is a financial pain point.

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True Accord

NOVEMBER 20, 2023

Both the federal and DC laws permit debt collectors to communicate digitally about a consumer’s account as long as the digital communications contain clear and conspicuous opt-out language with strict penalties for failing to abide by the opt-out provisions.

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Better Credit Blog

OCTOBER 16, 2020

Have a collections entry from Asset Acceptance LLC on your credit report? It’s important to deal with a collections agency like Asset Acceptance quickly. Fortunately, getting a collection entry off your report and putting a stop to the debt collector’s calls is simple and straightforward. Credit card debt.

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Taurus Collect

MAY 11, 2023

If you have a credit or debt-related problem, it’s likely that a debt collection agency could come into the picture. In fact, most creditors and lenders will use a third party to follow up on outstanding accounts as soon as they become past due. That’s where debt tracing services step in.

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Taurus Collect

MAY 11, 2023

Not knowing whether to issue warnings, take legal action or try other methods for collecting unpaid rent can make the situation even more challenging. This blog post will provide an in-depth look at when and how you can send a non-paying tenant to collections.

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Troutman Sanders

JANUARY 9, 2024

Alleged errors include listing premature due dates before the end of the payment pause, inflating monthly payment amounts due to the servicer using outdated poverty guidelines, or using the incorrect income when calculating a borrower’s new income-driven repayment plan payment. In the blog, the CFPB examined Carrasquillo v.

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PDC Flow

AUGUST 18, 2020

This year has seen vast, unexpected change for the credit and collection industry. We recently spoke to Bedard about his journey in the industry, his observations on doing business during Covid19, and his vision for the future of the industry. I’ve been representing debt collectors ever since. It was really by accident.

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Better Credit Blog

APRIL 3, 2022

Portfolio Recovery Associates, LLC, is a collection agency that buys old debts from lenders and companies that have been unable to collect the debt themselves. Portfolio Recovery buys multiple accounts with old debt from companies that have given up and “charged off” the accounts. Ask Lex Law for Help.

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PDC Flow

DECEMBER 1, 2022

Every debt collector knows the struggle of getting consumers to answer their phones. But you need to collect certain key metrics to know these new tactics are working. Collecting and analyzing your data will help you understand how your business is performing and forecast future engagement and revenue. “At

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Better Credit Blog

NOVEMBER 17, 2020

If MBA Law Offices/Capio is calling you and sending letters claiming you owe them money, they’ve likely reported your debt to one or more of the credit bureaus. When that happens, your credit could suffer for as long as seven years, regardless of whether you pay your debt off or not. Get proof of the debt. Get Proof of the Debt.

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Taurus Collect

MAY 18, 2023

When managing your business’s accounts receivable, there are many important considerations. One such matter that may arise is whether or not to send someone to collections. Do Understand the Collection Process When understanding the collection process, knowledge is power.

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Better Credit Blog

AUGUST 14, 2020

When you forget to pay a bill, it can lead to a collections account on your credit report from an agency like Americollect. As long as a collections account stays on your credit report, it can hurt your credit score. Instead, you’ll need to dispute the debt or negotiate a pay-for-delete agreement. What Is Americollect?

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Debt Recoveries

JUNE 25, 2023

There are several obstacles that business owners must overcome in order to operate a successful company in Australia, and one of the most typical of these is debt collection. A thorough credit agreement helps to establish expectations up front and offers a solid framework for recovering debts in the event of non-payment. #2

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CICM

SEPTEMBER 15, 2023

In this blog, we will look at what Debt Collections is and why it is so important. What is Debt? Debt is money owed to another. Many businesses strive to make transactions straightforward for their clients and customers, with automation and advanced notice of payments. What is Debt Collections?

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