Payment Savvy

JUNE 24, 2020

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. These incentive programs motivate debt collection agents to work harder and, in turn, keep your collection agency in the black.

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Direct Recovery

APRIL 18, 2023

Of course, there is also the fact that you’re probably more concerned with running your own business than collecting from a failed one. That’s why many small business owners prefer to hire commercial debt collection agencies to manage collections on their behalf. What is Commercial Debt Collection?

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Collection Industry News

JUNE 24, 2023

Risk mitigation strategies in debt collection are measures and practices implemented by collection agencies or creditors to minimize potential risks associated with debt collection activities. Here are some common risk mitigation strategies in debt collection: 1.

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Payment Savvy

JUNE 16, 2020

Remember that there are specific laws regulating communications between a collector and a debtor. For example, the Fair Debt Collection Practices Act (FDCPA) prohibits abusive, deceptive, and unfair practices during debt collection. This way, debtors will see you as a partner and not an enemy.

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Credit Management Company

DECEMBER 20, 2018

Patient collections can be a challenge any time of the year, but are particularly stressful during the Holiday season. Some collection agencies make the mistake of pausing collection efforts during this time of the year to avoid increasing tension between the healthcare provider and the patient. Timing is Everything.

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Collections Healthcare Collection Agent Collection Agencies 53

FDCPA Defense

APRIL 17, 2019

The “meaningful attorney involvement” doctrine evolved out of the Fair Debt Collection Practices Act, 15 U.S.C. Instead, the letters had been mailed by collection agencies that had used an attorney’s letterhead in a misleading fashion. How did everything go wrong for creditors’ rights attorneys? 1692, et seq.

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