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Collection Agencies Related Topics 
American Profit Recovery
NOVEMBER 25, 2024
Utilizing a reputable collection agency for your all business or larger organization is one of the best ways to dramatically improve cash flow. Want to know more about how a collection agency can actually help your business keep customers? The post Can a collection agency help me keep my customers?
American Profit Recovery
FEBRUARY 20, 2025
A business like yours likely has one goal when hiring a collection agency: to collect money from customers who pay late or have not paid at all. You may also want to work with a collection agency because you do not have the internal resources or the time to chase past-due invoices, and it is time-consuming.
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Account Recovery
MARCH 14, 2025
A collection operation in Indiana that was the subject of a Consumer Financial Protection Bureau enforcement order back in 2023 has closed its doors for good, leaving nearly 100 employees looking for work. The collection agency may be associated with a debt buying operation that also recently shut its doors.
Account Recovery
DECEMBER 17, 2021
At each CCA of … The post Commercial Collection Agencies of America Gives Back appeared first on AccountsRecovery.net.
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Navigating collections in the dynamic financial landscape presents multifaceted challenges. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly. Finding the right software can save time and money.
Account Recovery
JULY 8, 2022
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.
Account Recovery
JANUARY 7, 2022
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., David Herer of ABC-Amega, Inc., David Herer of ABC-Amega, Inc.,
Account Recovery
NOVEMBER 8, 2021
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. Cancels Contracts With Private Collection Agencies appeared first on AccountsRecovery.net.
Account Recovery
APRIL 4, 2022
The plan to use private collection agencies to collect on debts owed to the Internal Revenue Service has brought in less than half of the estimated funds that were projected to be collected, according to a report from the Treasury Department, while also revealing that the IRS as underreported how much it is costing to … The post Private Collection (..)
Account Recovery
NOVEMBER 3, 2021
A nonpartisan public policy institute that is part of Congress has published a report on the Internal Revenue Service’s Private Collection Agency program, detailing its history and sharing the pros and cons of using private companies to collect on debts owed by taxpayers to the federal government.
Account Recovery
DECEMBER 2, 2022
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 Collection Agency Impacts 3.7M
Enterprise Recovery
APRIL 10, 2024
Many companies often turn to professional debt collection agencies for assistance when this happens. Before you hand over your delinquent accounts to a collection agency, it's important to understand their role and how they can help your business.
Account Recovery
AUGUST 23, 2022
The Colorado Attorney General’s Consumer Credit Unit last week published new guidance related to the enactment of a law governing remote work for licensed lenders while also noting that the guidance originally enacted at the start of the pandemic in 2020 remains in effect for entities not covered by the new law, including collection agencies, (..)
Account Recovery
AUGUST 10, 2022
Months after filing a lawsuit accusing a hospital network of “aggressively” seeking to collect $70 million from individuals who were eligible for charity care, the Attorney General of Washington has expanded his lawsuit to include a pair of collection agencies that allegedly failed to inform individuals about their eligibility.
Account Recovery
OCTOBER 13, 2021
The former owner of a collection agency pleaded guilty yesterday to one count of making payments to support the former Circuit Court Clerk of Cook County, Illinois, while the company he ran entered into a deferred prosecution agreement and will pay a $225,000 fine. Donald Donagher, who ran Penn Credit Corp.,
American Profit Recovery
AUGUST 19, 2024
Why should my business use a collection agency? The fact is there are enormous benefits to outsourcing your debt collections for a small business and even a larger organization. Having a reputable debt collection agency represent your business is one of the smartest moves you can make.
Account Recovery
JUNE 28, 2022
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. which was formed in 2019, announced the purchase of Rainier Collections Services, based in Bellevue, Wash. Terms of the deal were not disclosed.
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American Profit Recovery
NOVEMBER 14, 2023
Many small businesses and larger organizations rely on the expertise and efforts of third-party collection agencies every day. Collection agencies are recovering substantial amounts of consumer debt and helping those businesses drastically improve much needed cash flow. And for good reason. Check out our thoughts here.
Account Recovery
FEBRUARY 8, 2022
The Debt Collection Licensing Act in California has been in effect for a month and already changes are being proposed, in the form of expanding the definition of what constitutes a collection agency.
Account Recovery
OCTOBER 13, 2022
A healthcare provider and the collection agency working on the provider’s accounts are facing a class-action lawsuit alleging they violated a recently enacted state law in New Mexico by engaging in debt collection activities before verifying whether the incomes of those patients protected them from such activities.
Account Recovery
JULY 14, 2022
AG in Anti-Spoofing Lawsuit appeared first on AccountsRecovery.net.
Account Recovery
APRIL 18, 2022
A company accused of allegedly laundering money for debt collection firms has relinquished its claim to nearly $400,000 that was seized by government prosecutors who are seeking to crack down on fraud and illegal debt collection activities by companies in Western New York, according to a published report.
Account Recovery
JANUARY 10, 2023
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. The post Action Collection Agencies, Inc.
American Profit Recovery
JULY 21, 2022
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. But it is an important step and getting paid on time and laying the groundwork for collection activity for non-payers.
Account Recovery
AUGUST 4, 2021
In what is certainly a first for me, a collection agency — which is represented by The Echols Firm — has defeated a motion to dismiss a lawsuit for lack of standing. But this is not a run-of-the-mill Fair Debt Collection Practices Act suit.
Account Recovery
APRIL 27, 2022
A battle between a failed partnership between a creditor and a collection agency has spilled over into the Court of Appeals for the Eleventh Circuit, with a panel of judges yesterday affirming a lower court’s decision not to award the creditor attorney’s fees after it accused the agency of breaching the terms of their agreement … (..)
Account Recovery
NOVEMBER 17, 2021
GEORGE, UTAH, NOVEMBER 16, 2021 — TCN, Inc.,
American Profit Recovery
FEBRUARY 9, 2023
A commercial collection agency is an agency that works to resolve debt between two businesses. Commonly known as B2B debt collections, it’s the process of mediating financial disputes and overdue invoices owed to a commercial client. You will preserve future revenue by hiring the right commercial collection agency.
American Profit Recovery
FEBRUARY 7, 2023
What type of results should I expect from using a collection agency for my business? If your organization has made the decision to move forward on hiring a debt collection agency, you’ll be asking some common questions. What does the agency need from us? It’s a common question. How does the process work?
American Profit Recovery
OCTOBER 18, 2023
This is where Business-to-Business (B2B) collection agencies come into play. However, the relationship between a collection agency, its clients, and their customers can be delicate. Keeping your customer relationship intact should be a major focus of how that collection agency operates.
American Profit Recovery
NOVEMBER 17, 2023
When you’re in the process of hiring a debt collection agency for your organization, there are no doubt many questions on your mind. Hiring a new agency for your business can be a big step because of the important role they play in the overall health of your business. Check out some of these questions and the reasons why.
American Profit Recovery
MARCH 1, 2023
Communication is your best strategy with debt collectors Never hesitate to pick up the phone when a collection agency calls. Having that first phone call with a debt collection professional can lay the groundwork for having one less thing to worry about and eventually paying off your financial obligations.
American Profit Recovery
SEPTEMBER 14, 2022
Before your business decides it’s not a good idea to use a collection agency or you simply cannot afford it, we have a few pieces of advice you should consider before shutting the door on getting third-party help. There is much more to consider before you decide not to use a collection agency to improve your cash flow.
American Profit Recovery
OCTOBER 11, 2022
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. There are several reasons why part of our collection team’s job is maintaining a record of the compliments received.
Account Recovery
JULY 14, 2022
Getting to Know Erin Stewart from SuccessKPI; Collection Agency Beats S.C. Perhaps that explains her meteoric rise through the ranks of the industry in just eight short years. Read on to learn more about … The post Daily Digest – July 14. AG in Anti-Spoofing Case appeared first on AccountsRecovery.net.
Account Recovery
OCTOBER 10, 2024
A District Court judge in Virginia has dismissed the majority of claims against several defendants in a Fair Debt Collection Practices Act class-action lawsuit, but allowed one key claim against a collection agency to proceed.
246 
Account Recovery
MARCH 6, 2025
The Washington State Attorney General’s office has filed a lawsuit against a collection agency, accusing it of failing to comply with state law by not disclosing consumers’ rights regarding medical debt information.
American Profit Recovery
JANUARY 9, 2025
Debt collectors must also understand the guidelines that are dictated by the Consumer Financial Protection Bureau which outline measures to avoid deceptive or unfair collection practices. Debt collection professionals are also trained in state collection laws. It is a must-have in any collection agency.
199 
Account Recovery
FEBRUARY 24, 2025
Why it matters: The bill aims to prevent medical creditors and debt collectors from pursuing collection actions while a patients appeal of a health insurance decision is pending or was pending within the previous 180 days.
217 
American Profit Recovery
NOVEMBER 20, 2024
Indications it’s time to utilize the services of a collection agency Once you are aware of the red flags of negative cash flow and downward trends, it’s important for you to get much more assertive with your efforts to improve your cash flow. For many small businesses, that’s using the right collection agency.
Account Recovery
APRIL 11, 2025
A District Court judge in Georgia has granted a motion filed by a collection agency being sued by the Consumer Financial Protection Bureau delaying its deadline to produce documents and materials while the regulator determines whether it plans to proceed with the enforcement action in the first place.
Account Recovery
APRIL 30, 2024
State Judge Dismisses Hunstein Case for Lack of Standing CFPB Report Updates Medical Debt Collection Credit Reporting Data Points Data Breach at Collection Agency Compromises Info on 2M Consumers WORTH NOTING: If you are changing addresses in the next little bit, here is the ultimate moving […]
Account Recovery
OCTOBER 11, 2024
The credit and collection sector could be next. Why it matters: As collection agencies, debt buyers, fintechs, banks, and credit unions seek to improve consumer engagement, LLMs offer a potential solution for more natural and effective communication. What’s next: Just as LLMs in AVs operate within certain parameters (e.g.,
130 
Account Recovery
MARCH 13, 2025
Frost Echols, representing the defendant a collection agency in this case, discovered the irregularities after attempting to depose the plaintiff. The law firm agreed to pay a total of $50,000, with $35,000 going to the collection agency defendant and $15,000 to the plaintiff. Read the consent decree.
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