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

Taurus Collect

Thus, timely debt collection is crucial for every business. 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. Collection methods are not real-time. Contacting wrong people.

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5 Ways to Reduce Your Debt and Avoid Collections

The Kaplan Group

If collection agents like me are calling you, you need to reduce your debt. To avoid your account being sent to collections, you need to find ways to reduce your debt. Debts secured with collateral might make it impossible for you to run your business if you lost the equipment. Collect on unpaid invoices.

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Establishing Standing in a Foreclosure Proceeding

Jimerson Firm

A servicer acting as a collection agent for the holder of a promissory note will have standing to bring an action by establishing evidence of a valid assignment. The original assignor of a mortgage that has been collaterally assigned cannot bring a foreclosure action without the knowledge and consent of the assignee.