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.

Scam Debt Collection Agency Owner receives lengthy Jail sentence

UK debt collections

A Scam Debt Collection Agency Boss has been sent to prison for 4 years and 10 months. The Dodgy Debt Collector took cash payments from clients to help recover money but did so with no intention of collecting what they were owed. Dodgy Debt Collection Agencies.

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When is it time to hire a Debt Collection Agency?

UK debt collections

The saying in the Debt Collection Industry is ‘the older, the colder’ which is layman’s terms means, the longer the invoice goes unpaid, the less likely it will be paid at all. Maybe they should consider that it is time to hire a debt collection agency.

Overcoming Common Collection Agency Challenges

Payment Savvy

The collection agency faces many challenges, including ever-changing technology and tightening oversight. It’s important to regularly review your processes and procedures and pay close attention to your collection agency challenges. Outdated Collection Strategies.

What Makes a Good Debt Collection Agency?

Taurus Collect

When you’re looking for a commercial debt collection agency, it’s easy to feel overwhelmed. We know what makes a good debt collection agency because we strive to be the best we can be. Debt Collection Process. What are their methods for debt collection?

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.

Brand Building Strategies for Debt Collection Agencies | Arbeit

Arbeit Software

Is brand building important in the debt collection industry? Collection AgenciesSean Williams , Principal at Williams, Rush & Associates thinks so, and shares his strategies for building a positive reputation.

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?

The Best Collections Agency

Recoverity

Choosing the right collection agency to represent your business is an important decision. The post The Best Collections Agency appeared first on Recoverity. As finance and credit professionals, TBCA, Inc.

Collection Agency for Excessive Employee Reimbursement

Nexa Collect

A collection agency can work with your employee professionally and legally to ensure that you get your money back. Need a collection agency? A collection agency is not a replacement for police at all; they only act to recover the debt legally.

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.

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.

6 Ways Collection Agencies Can Offer Customer Satisfaction

Payment Savvy

When an account goes past due, many send the account to a reputable and compliant collection agency to obtain monies on their behalf. Even during debt collection, agencies should deliver exceptional customer service and, ultimately, end the relationship with a satisfied customer.

N.M. AG Sues Collection Agencies

Account Recovery

AG Sues Collection Agencies appeared first on AccountsRecovery.net.

Collection Agency for Storage Warehouses and Moving Companies

Nexa Collect

There are several complex legal laws involved, even when you want to collect your own money. The involvement of a collection agency changes the perception of your delinquent customers. Need a collection agency?

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.

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.

Collection Agency for Semen Distributors & Breeders

Nexa Collect

It is fairly common in the breeders’ industry to assign past-due accounts to a debt collection agency. The involvement of a third-party agency does the trick in most cases. Looking for a collection agency : Contact us.

Partner with certified Debt Collection Agency

Debt Recoveries

One of the services businesses are able to use to help maintain or improve their cashflow is a debt collection agency. To assist in ensuring quality and integrity within the debt collection industry, the Institute of Mercantile Agents was formed.

How Data Analytics Can Help Debt Collection Agencies | Arbeit

Arbeit Software

How can data analytics be used to improve collector efficiency and drive revenue in debt collection? Collection AgenciesWe spoke to Shantanu Gangal, CEO of Prodigal , to find out.

Culture in the Workplace-Vital to this Collection Agency

American Profit

This collection agency provides learning opportunities with weekly Best Practice meetings as well as monthly reviews with our management team. The post Culture in the Workplace-Vital to this Collection Agency appeared first on American Profit Recovery.

A Good Collection Agency

Taurus Collect

Let’s go straight in on this one, because we know what makes a good collection agency. So here are 5 tips to choose a good collection agency for your business: Reputation & trustworthiness – always look for an agency with at least 5 years of trading history. A lot of collection agencies set-up then disappear within a year or 2. Obviously these are very untrustworthy collection agencies! How To Find A Good Collection Agency.

Why this collection agency tracks consumer compliments

American Profit

You might not think to place the words collection agency and compliments in the same sentence, especially when it comes to the consumers debt collectors are calling on. Collection agencies help consumers. The public still views collection agencies in a negative way.

How Debt Collection Agencies Can Implement Work From Home Policies

Arbeit Software

Along with the rest of the world, the credit and collections industry is adjusting to the "new normal" brought about by COVID-19. Collection Agencies

FTC Secures $24M Judgment Against Collection Agency

Account Recovery

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.

Your business hired a collection agency. Now what?

American Profit

If your organization has had challenges in getting customers to pay or pay on time, you have most likely taken the steps to work with a collection agency. The right agency will help you get back on track as well as help your customers find a solution to their ongoing debt.

Penn. Gov. Vetoes Bill Allowing State Courts to Hire Private Collection Agencies

Account Recovery

The governor of Pennsylvania has vetoed proposed legislation that would have allowed state courts to hire private collection agencies to recover unpaid court fines and costs, saying it could “disproportionately” harm low-income individuals.

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.

The Truth is You Are Not the Only Person Concerned About Reputable Collection Agencies

Taurus Collect

Money collection is inevitable, but it can be frustrating, confronting, and distasteful, especially when valued clients have fallen behind in their payments for whatever reason. Sometimes, your in-house efforts to collect overdue payments can become a significant drain on resources.

How Your Collection Agency Can Use Video to Build Consumer Trust

Arbeit Software

Collection AgenciesThe statistics don’t lie. According to a HubSpot research study done in 2020, 72% of consumers prefer video over text for receiving branded marketing information.

When Good Clients Go Bad: How to Select the Best B2B Collections Agency

Enterprise Recovery

When good clients go bad, here's what to look for in the best B2B collections agency. Hiring a B2B Collections Agency Commercial Debt CollectionJust like when any relationship turns sour, you're left dealing with the things you couldn't agree on.

41 State AGs Reach Settlement With Breached Collection Agency

Account Recovery

Attorneys general from 41 states have reached a settlement with Retrieval-Masters Credit Bureau, which operated a collection agency under the name of American Medical Collection Agency, stemming from a data breach in 2019 that exposed the personal information of more than 7 million individuals.

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.

How Collection Agency Values Promote Compliance

Optio Solutions

With collection agency values reaching their highest levels in decades, this may very well be “the golden age of debt collections.” Drilling down through the layers of agency functionality provides some insight into how those values promote compliance.