Nexa Collect

JUNE 4, 2022

Many collection agencies have shut down recently due to the following reasons. Covid-19 Pandemic : Collection agencies were barred from collecting money in many states during the pandemic, impacting revenue from existing accounts. Medical debts form nearly 50% of consumer debt collections.

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Nexa Collect

JANUARY 25, 2023

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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Nexa Collect

AUGUST 8, 2020

None of these situations are amenable to fast debt recovery. Companies will generally try to collect on their outstanding accounts internally before passing their most egregious cases on to an external debt collection agency. Are collection agencies effective enough to warrant their fees?

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Nexa Collect

JULY 28, 2020

None of these situations are amenable to fast debt recovery. Companies will generally try to collect on their outstanding accounts internally before passing their most egregious cases on to an external debt collection agency. Are collection agencies effective enough to warrant their fees?

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Nexa Collect

MARCH 13, 2023

Large clients often assign hundreds ( even thousands) of accounts to a collection agency in one go. Suppose a client submits a batch of 1000 accounts to the collection agency. At least a few hundred concerned debtors will begin calling the client directly ( to pay, dispute the debt, complain, or other reasons).

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Nexa Collect

JANUARY 6, 2022

Outsourcing collections to a professional debt collector raises the probability of getting paid by many folds. Your defaulters know that a collection agency will not go away quickly and will employ every tactic and legal means available to recover the debt. Need a good collection agency?

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Nexa Collect

AUGUST 17, 2022

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. . However, hiring more than one collection agency will be very hard to manage.

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Nexa Collect

JUNE 23, 2023

Collection agency letters can impact debtors, depending on factors such as the debtor’s financial situation, emotional state, and knowledge of their rights and responsibilities. Here are some potential impacts: Stress and Anxiety : Receiving a letter from a collection agency can cause significant stress and anxiety for debtors.

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Nexa Collect

JULY 13, 2021

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. Contact Us.

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Nexa Collect

JUNE 21, 2023

If you ignore a debt collection agency, several potential consequences could affect your financial well-being and peace of mind: Persistent Contact : Debt collection agencies might persist in attempting to contact you through phone calls, letters, and possibly emails. This can be stressful and disruptive.

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Nexa Collect

MARCH 26, 2022

The first step in shortlisting a collection agency is to ask them to submit a Request-For-Proposal (RFP) so that you can pick the best collection agency at the best price. Is your collection agency nationally licensed or not? (If Do you provide monthly collection status reports for all accounts?

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Nexa Collect

MAY 16, 2021

A collection agency can work with your employee professionally and legally to ensure that you get your money back. Their recovery efforts will include sending demand notices, calls from a professional debt collector, and if the amount is substantial, then forward that account to an experienced attorney. Contact us.

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Nexa Collect

FEBRUARY 3, 2022

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

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Nexa Collect

FEBRUARY 26, 2021

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. Most agencies will work on contingency-based fees only.

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Nexa Collect

MARCH 12, 2021

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? Local debt collectors ). Contact us. 10, § 981p). 981p (12)).

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Nexa Collect

JANUARY 14, 2023

The US government has thrown a slew of laws on collection agencies, making bad-debt recovery harder and costlier. Lower recoveries mean, low recoveries and extensive loss for businesses and doctors. There are thousands of collection agencies in the USA, but most are small. New Regulations.

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Taurus Collect

DECEMBER 18, 2023

This is where a commercial debt collection agency comes into play. One of the key trends in this industry is the ‘no collection no fee debt collection’ approach, a cost-effective solution for businesses grappling with unpaid debts. Stay tuned as we delve into this crucial topic.

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Nexa Collect

JANUARY 24, 2022

The best time to assign an account to a collection agency is when the debt is right around 90 days past due. or your patient’s mind, in case of medical debts). A collection agency will typically recover 75% of your money when the account is assigned at 90 days. Need a cost effective collection agency?

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Nexa Collect

DECEMBER 27, 2020

It is a common practice for police and regional transport authorities to hire a collection agency to recover these unpaid debts. Need a Collection Agency for Unpaid Tickets? Courts and law enforcement agencies charge the original fine plus late penalties once an account is forwarded to collections.

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Nexa Collect

JANUARY 12, 2022

If you plan to outsource your accounts receivable to an aggressive collection agency, then kindly read this article and be aware of all the risks you are taking. An aggressive collection call in fact does precisely the opposite you are trying to achieve.

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Nexa Collect

OCTOBER 2, 2020

Not getting paid on time can quickly restrict your cash flow, that’s why hiring a collection agency when an account is 60 days past due is absolutely the right choice. A collection agency can offer a flat-fee collection package or contingency based collections. Need a Collection Agency?

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Taurus Collect

JANUARY 10, 2024

Navigating the terrain of unpaid business debts can be a formidable challenge for many businesses. In such circumstances, resorting to a commercial debt collection agency becomes not just an option, but a necessity. A popular choice among UK businesses is a “ No Cure No Pay ” debt collection service.

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Nexa Collect

JULY 2, 2020

Need a Collection Agency for your Lab: Contact us. What causes these debts? . Many factors can cause these debts from the patient’s end but there are a few specific things about medical testing lab bills specifically that make them difficult. Written Notices sent by a Collection Agency.

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Nexa Collect

JUNE 19, 2020

These receivables are usually B2B accounts that require commercial debt collection. A collection agency with its three-step collection process can assist businesses to recover money in an amicable manner. Need a collections agency for your business: Contact us.

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Taurus Collect

OCTOBER 30, 2023

If you find yourself in this predicament, it might be time to consider engaging the services of a third-party collection agency. One popular model attracting businesses is the ‘debt collectors no win no fee’ approach, which ensures that you only pay when the agency successfully recovers your debts.

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UK debt collections

APRIL 14, 2022

If you’re running a Business and searching for a debt collection agency (DCA), it is essential you choose the right solution. As with any Business sector, not all debt collection agencies are equal. Cheap is not cheerful as with any type of service, debt recovery or otherwise.

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Taurus Collect

OCTOBER 30, 2023

Understanding the art of debt collection can be a challenging task for any business, especially when the debtor refuses to pay despite many reminders. In such situations, engaging a collections agency becomes inevitable. The Late Payment of Commercial Debts Act (1998) is one crucial law that you should be well-versed in.

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Nexa Collect

OCTOBER 17, 2020

A Collection agency for funeral homes can attempt to recover money a lot more efficiently. Being a third-party debt collector, they are well-versed with dealing all those excuses and know exactly how to get your money back to you. Need a Collection Agency? A collection agency is really helpful in such cases.

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Taurus Collect

JULY 17, 2023

If you’ve tried every option possible to collect the money owed, it may be time to seek help from a collection agency. Read along for an in-depth breakdown of how it works, as well as insight into saving both time and money by utilising the best practices when collecting past-due rent.

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Taurus Collect

JUNE 15, 2023

It’s no surprise that debt collection is an increasingly competitive field, so understanding and leveraging the right tools could give your company the edge it needs. Debt collection agencies are transforming how courts handle delinquent accounts, making their services a valuable asset for businesses large and small.

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Debt Recoveries

MAY 29, 2020

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. If you need assistance with you debt collection, you can contact us.

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UK debt collections

JUNE 11, 2021

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. Global Investigations and Recoveries Ltd would contact creditors of liquidated companies.

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Taurus Collect

JULY 14, 2022

Moreover, the older the obligations get, the harder it is to collect the payment. However, hiring a reputed debt collection agency will significantly help you as they will use multiple methods to locate your debtors and help you effectively gather your amounts. At Taurus Collections (UK) Ltd., Credit bureaus.

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JMA

MARCH 21, 2024

In this article, we have put together essential information on navigating the regulated environment of debt collection Queensland, from understanding your legal rights to enforcing debt recovery and choosing a reliable collection agency. We give you actionable insights and clear, no-nonsense advice to.

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Taurus Collect

MAY 20, 2022

Almost every company, from small businesses to enterprise organisations, seeks partnerships with debt collecting agencies when their past-due account receivables begin to mount. However, running your business without worrying about uncollected debt is challenging. Unsuccessful debt recovery.

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UK debt collections

MAY 4, 2021

In the past, Companies have often waited till they had large volumes of debts before recruiting a debt collection agency. Recent history shows this is no longer the case with Companies taking a more pragmatic approach and using Debt Collection Agencies ad-hoc also.

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Payment Savvy

JANUARY 20, 2021

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. Many moan about receiving calls even after their debt has been successfully repaid.

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