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Creating a Successful Collection Agent Incentive Program

Payment Savvy

Debt collection is a challenging job. We must applaud agents for their remarkable efforts to collect past due receivables. Over time, however, agents do lose their zeal and ambition to rectify delinquent accounts. This is where collection agent incentive programs come in to save the day.

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Finding A Collection Agency: Part 3 - Things to Consider

Credit Management Company

One way is to hire collection agencies. Finding the best collection agency partner is a reliable way to get the money your business needs. With effective collection agents, you can get paid faster and increased legal protection. Different agencies receive smaller or larger portions of your debt collection.

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The Economic Impacts of the Debt Collection Industry

Credit Management Company

The common perception of the debt collection industry in modern times is almost overwhelmingly negative. Debt collection has a significant positive impact on the economy in both a micro and macro sense, and collectors abide by regulations that maintain the dignity of consumers. Collection efforts are not a zero sum game.

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Agent Word Choices in Debt Collection

Payment Savvy

Debt collection may sound simple; a consumer owes outstanding monies, so you reach out to collect on the past due balances. Every word matters in debt collection phone calls. In the same vein, the wrong word choice could open your agency to liability. Educate Yourself on the Account. Make the Call.

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Debt Awareness Week: Why early engagement is the best first step

CSA

Creditors and collections agencies have continued to signpost customers towards independent and free debt advice throughout this period, and with StepChange Debt Charity marking the week of 22 March as ? but our ability to influence financial education and public information is limited. early engagement?

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

Department of Education and falsely promising student loan debt relief. State Activities: On June 16, Nevada Governor Joe Lombardo approved SB 276 as an update to the state’s Collection Agency Licensing Act. On June 14, the FTC announced that it is sending payments totaling more than $3.3 For more information, click here.