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Commercial Collection Agencies of America Gives Back

Account Recovery

At each CCA of … The post Commercial Collection Agencies of America Gives Back appeared first on AccountsRecovery.net. General News Commercial Collection Agencies of America Press Release

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Commercial Collection Agencies of America Announces Board of Directors

Account Recovery

Commercial Collection Agencies of America has elected its new Board of Directors and has announced the slate of officers of the organization. Board members include Pete Roth of CST Company, Fred Wasserspring of Lyon Collection Services, Inc.,

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What to Look for in a B2B Debt Collections Agency

Enterprise Recovery

If your clients or business partners aren't following through, your accounts receivable department must devote time and resources in an attempt to collect. Or you can outsource the problem to a collections agency that focuses on this type of debt and respects your client/business relationship.

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Wash. AG Amends Lawsuit to Accuse Collection Agencies of Failing to Provide Certain Disclosures

Account Recovery

AG Amends Lawsuit to Accuse Collection Agencies of Failing to Provide Certain Disclosures appeared first on AccountsRecovery.net. Compliance Healthcare Bob Ferguson Charity Care Washington Collection Agency Act

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Collection Agency Victim of Cyber Attack

Account Recovery

A collection agency based in Colorado was the victim of a ransomware attack that affected more than 650 of its healthcare clients, according to published reports.

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Data Breach at Wash. Collection Agency Impacts 3.7M Consumers

Account Recovery

A Washington-based collection agency has reported a data breach to the Attorney General of Maine after being the target of a ransomware attack last year that compromised the personal information of more than 3 million people, according to published reports. Collection Agency Impacts 3.7M

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Action Collection Agencies, Inc. appoints Candice E. O’Brien as Executive Vice President/Chief Operations Officer

Account Recovery

Middleboro, MA, January 9, 2023 – Action Collection Agencies, Inc. O’Brien as its Executive Vice President/Chief Operations Officer overseeing the operations of its first and third party collections services. “I … The post Action Collection Agencies, Inc.

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Report Breaks Down Pros, Cons of IRS’s Private Collection Agency Program

Account Recovery

The IRS in late September awarded contracts to … The post Report Breaks Down Pros, Cons of IRS’s Private Collection Agency Program appeared first on AccountsRecovery.net. General News CBE Group Coast Professional Conserve Internal Revenue Service Private Collection Agency

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How can Collection Agencies Maintain a Good Reputation?

Nexa Collect

Business and medical professionals seeking to hire a collection agency always wonder if the agency they hire is ethical or if it may damage their reputation. Here are some valuable tips on how collection agencies can maintain a good reputation online and offline.

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Colorado AG Issues Guidance Related to Collection Agencies Working Remotely

Account Recovery

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Best reasons to use a Debt Collection Agency in 2022

UK debt collections

Whilst the UK struggles to recover from the pandemic , its never been a better time for Businesses to use a Debt Collection Agency. Debt Collection Agencies do not just act for Businesses, there are many Debt Collection Agencies for individuals also.

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How Long Can a Collection Agency Attempt to Collect Business Debts?

Enterprise Recovery

If your business has sent bad debt accounts off to a collections agency, you likely have questions about recovering that debt. Typically, commercial collections agencies only charge a fee if they're able to collect.

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Impact of The GLBA on Collection Agencies

Nexa Collect

As per FTC, starting June 9, 2023 all collection agencies will be treated as financial institutions. This means all collection agencies must secure consumer data nearly the same way as banks. Collecting debt.

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Firm Announces Acquisition of Washington-based Collection Agency

Account Recovery

A private holding company that says it is actively seeking to purchase accounts receivable management firms has announced the acquisition of a collection agency based in Washington. General News Rainier Collections Services Teran Dale Thomas Crown

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Collection Agency for Distribution Companies

Nexa Collect

The probability of collecting money from unpaid invoices decreases as time passes by. Outsourcing collections to a professional debt collector raises the probability of getting paid by many folds. Collections is neither their core strength nor they were hired to do this job.

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Debt Collection Agencies could help save thousands of SME’s

UK debt collections

Debt Collection Agencies could help save thousands of Small Businesses in the UK it is claimed. History shows that taking professional debt collection action can help save the number of Small Businesses from going bust. Debt Collection Agencies have a key role to pay.

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U.K. Collection Agency in Hot Water After Being Caught Breaking into Homes

Account Recovery

Collection Agency in Hot Water After Being Caught Breaking into Homes first appeared on AccountsRecovery.net. Collection Agency in Hot Water After Being Caught Breaking into Homes appeared first on AccountsRecovery.net.

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Why is this collection agency so focused on consumer compliments?

American Profit

Keeping track of the compliments that consumers have provided our debt collection team and others here on the staff has provided tremendous value and how we operate as a collection agency. And yes, many people complain and put up their guard when called by a collection agency.

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Do not put off hiring a collection agency this year

American Profit

If your business has thought about hiring a collection agency to improve cash flow, but has never made a firm decision, you’ll want to listen up. Before you hire a collection agency. Hiring a collection agency accomplishes many goals.

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Class-Action Suit Filed Against Collection Agency

Account Recovery

A class-action lawsuit has been filed against a debt collector, accusing it of making it look like the collector purchased debts from a healthcare provider when it had not done so and for violating a state collection law in Colorado.

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How to Hire a Debt Collections Agency for your Unpaid Invoices

Enterprise Recovery

Here's how to hire a debt collections agency for your unpaid invoices. Hiring a B2B Collections AgencyIt's so frustrating when unpaid invoices are piling up, even after you've called, emailed and sent friendly reminders.

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Ed. Dept. Cancels Contracts With Private Collection Agencies

Account Recovery

The Department of Education last week notified the private collection agencies it had been using to help recover payments on defaulted student loan debts that it would no longer be placing accounts with them.

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Healthcare Provider, Collection Agency Facing Class-Action Lawsuit for Allegedly Violating State Law

Account Recovery

The class-action, which includes about 200 plaintiffs who … The post Healthcare Provider, Collection Agency Facing Class-Action Lawsuit for Allegedly Violating State Law appeared first on AccountsRecovery.net.

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Can I Hire Multiple Collection Agencies at One Time?

Nexa Collect

You can legally hire more than one collection agency at a time, provided you do not assign the same account to multiple collection agencies. If one debtor starts getting contacted by different agencies, you can be sued for harassment. .

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Courts close rogue Debt Collection Agency

UK debt collections

The High Court has shut down a rogue Debt Collection Agency it has emerged. The Debt Collection Agency spuriously claimed to be able to collect debts from liquidated companies. The scam debt collection firm had been using a bank account that was not in its own name.

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4 little known benefits of using a debt collection agency

American Profit

Most people understand the basic concept of a collection agency. Customers do not pay, and your business sends those accounts to that agency for further activity. However, other important benefits come with hiring the right debt collection agency that you may not be aware of.

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Collection Agency Owner Pleads Guilty to Wire Fraud, Tax Evasion

Account Recovery

The owner of a Kentucky collection agency is facing up to 20 years in prison after pleading guilty to charges of wire fraud and tax evasion. He also admitted to … The post Collection Agency Owner Pleads Guilty to Wire Fraud, Tax Evasion appeared first on AccountsRecovery.net.

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N.M. AG Sues Collection Agencies

Account Recovery

AG Sues Collection Agencies appeared first on AccountsRecovery.net.

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Collection Agencies in Puerto Rico

Nexa Collect

Debt collection agencies in PR include Kinum , TSI , CICA, ILCA and Professional recoveries. Spanish and English-speaking debt collectors are required for Puerto Rico debt collection. Need a Collection Agency in PR?

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Indiana AG Obtains $1.3M Judgment Against Collection Agency, Owner

Account Recovery

million judgment against a collection agency and its owner that were accused of engaging in deceptive and abusive collection practices and operating without a proper license. Judgment Against Collection Agency, Owner appeared first on AccountsRecovery.net.

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Collection Agencies Received $422M Through Paycheck Protection Program

Account Recovery

Nearly 90 companies identifying themselves as collection agencies received more than $1 million in loans through the Paycheck Protection Program, with the top company receiving nearly $9 million, according to an analysis of data released by the Small Business Administration.

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Average Recovery Rate of a Collection Agency

Nexa Collect

An average collection agency will recover about 20% of the total debt assigned. Here are the most important factors which decide how much a collection agency will collect for you: 1. Some clients may get a 100% recovery rate, for others it could very well be 0%.

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Collection Agency for Construction Equipment Rental

Nexa Collect

Construction equipment companies have an ongoing requirement for debt collection from businesses (and sometimes individuals) who do not pay the agreed-upon rental dues on time. An experienced collection agency that has extensive experience in commercial collections is a perfect choice.

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How Effective Are Collection Agencies?

Nexa Collect

Collecting outstanding debt isn’t an easy process. Companies will generally try to collect on their outstanding accounts internally before passing their most egregious cases on to an external debt collection agency. Collection agencies are experts in debt recovery.

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How Effective Are Collection Agencies?

Nexa Collect

Collecting outstanding debt isn’t an easy process. Companies will generally try to collect on their outstanding accounts internally before passing their most egregious cases on to an external debt collection agency. Collection agencies are experts in debt recovery.