JMA

APRIL 27, 2023

Here at JMA Credit Control, we’re a debt collection agency that has been assisting businesses in Australia to recover debts for more than 50 years. Read more » The post Proactive Debt Management: How to Avoid the Need for a Debt Collector appeared first on JMA Credit Control.

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Taurus Collect

MARCH 5, 2024

In the UK, an innovative approach offered by many a debt collector is the ‘no win, no fee’ model, providing a risk-free solution for startups to pursue owed money. This model not only alleviates the financial pressure on emerging businesses but also ensures that debt collecting in the UK becomes a more accessible process.

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Account Recovery

AUGUST 5, 2020

August 5, 2020, Wilmington, DE – Katabat, a leading global provider of debt management software solutions for lenders, fintechs, and collection agencies, announced today a strategic growth investment from Tritium Partners, a growth-focused private equity firm with extensive experience investing in fintech and financial services companies, and Terminus (..)

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UK debt collections

JANUARY 6, 2022

Debt Collection firms have welcomed the news that the Financial Conduct Authority has completed a consultation on outlawing referral fees for debt packager firms. Facebook and other social media platforms also carry the promise of wiping off debt for a small cost. This marketing comes from debt packager firms.

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Katabat

DECEMBER 2, 2019

3, 2019 – Katabat, a leading global supplier of debt management software solutions, today announced that SoFi, a leading personal finance company in the U.S., SoFi will leverage Katabat’s industry-leading Restore collections platform, to deliver an omnichannel experience for consumer collections. WILMINGTON, Del.,

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Katabat

NOVEMBER 20, 2019

12, 2019 — Katabat, a leading global supplier of debt management software solutions, has launched Easy Collect, a powerful, yet easy to deploy, mobile payment portal for lenders and debt collection agencies. Easy Collect is PCI-compliant and does not require IT support for deployment.

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Taurus Collect

NOVEMBER 15, 2023

Regulations around debt collection are strict, and experts from no cure no pay debt collection UK are here to help you navigate these waters. In this post, we will explore the rights and regulations governing debt collection in the UK. ” If you’re based in the UK, the answer may surprise you.

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Credit Corp

AUGUST 24, 2020

When you’re trying to conquer unpaid debts sent to collections, you’ll likely face some obstacles. Two of the most common are coming up with enough money to pay off the debt and negotiating a payment plan or settlement you can afford. Find out how to pay collections below. Creating a Debt Management Plan.

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Qualco

OCTOBER 25, 2023

This shift also reshapes the realms of credit and collections as a collaborative model, revolutionising how financial data is used. It drives personalised and beneficial services, enhances customer experience and improves financial and personal well-being.

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Fico Collections

JANUARY 17, 2022

In early collections, most customers will pay within a couple of days when nudged by a friendly reminder, such as text messaging. Ideally, minimal operational effort is spent on customers that are likely going to pay, so that expensive debt collection resources can be focused on those customers where agent intervention makes a difference.

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Taurus Collect

FEBRUARY 1, 2024

A debt collector might sound like a character from a Charles Dickens novel, but if you’ve been contacted by one, you know they’re very much a reality of modern financial life. So, what exactly is a debt collector? What Is a Debt Collector? However, they may still try to recover the debt through communication with you.

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Fico Collections

JANUARY 4, 2021

Within the collection industry in the United States, State and Federal Governments imposed significant constraints because of COVID. In addition, many States and the IRS slowed or stopped the collection of tax debts, and the Federal Government gave significant deferrals for the repayment of student loans, mortgages, and rent.

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Katabat

JANUARY 5, 2021

January 5, 2021, Wilmington, DE – Katabat, a leading global provider of debt management software solutions for lenders, fintechs, and collection agencies, announced today that it has acquired Simplicity Collection Software of Idaho Falls, Idaho. Terms of the transaction were not disclosed.

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Katabat

JANUARY 5, 2021

January 5, 2021, Wilmington, DE – Katabat, a leading global provider of debt management software solutions for lenders, fintechs, and collection agencies, announced today that it has acquired Simplicity Collection Software of Idaho Falls, Idaho. Terms of the transaction were not disclosed.

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Fico Collections

SEPTEMBER 19, 2022

Debt Collections on Tenterhooks with Six and Sevens following CFPB’s Reg F. Consumer Financial Protection Bureau (CFPB) announced the final rules interpreting the Fair Debt Collections Practices Act (FDCPA) on July 30, which went into effect on November 30, 2021. Reg F isn't a hurdle to adjust to and live with.

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Taurus Collect

MARCH 24, 2022

It can also demonstrate any of the invoices that are overdue and thus stand in a queue with your invoice payment terms and call for a reliable debt collecting agency to chase them. Why is aged debt significant? An aged debt is the evaluation of the total money that your customers owe to your business.

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Fico Collections

AUGUST 14, 2020

I recently discussed the four key changes in collections we have seen at FICO in an interview with Global Risk Community. Digital Collections. Previously I could probably count on one hand the number of clients globally that really do drive digital collections to the next level. Collections Analytics. Building Agility.

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Better Credit Blog

APRIL 4, 2022

Regardless of what a debt collector might tell you, you have a lot of rights when it comes to how debt can be collected. In fact, merely mentioning that you understand your rights will, many times, stop debt collectors in their tracks. Your rights come from the Fair Debt Collection Practices Act (FDCPA).

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Credit Corp

FEBRUARY 21, 2021

It’s uncomfortable to admit, but it’s entirely possible that you have debts you didn’t even know about. Whether mail went missing or communication about medical debt got mixed up, it’s possible an account with your name on it is languishing somewhere in collections. How to Find All Your Debts.

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Katabat

MARCH 23, 2021

Chadds Ford PA, March 2021 – Katabat, a leading global provider of debt management software solutions and Bridgeforce LLC , an international financial services consultancy, today announced a formal partnership aimed at delivering new levels of implementation support for Katabat’s managed service debt collection software products.

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Katabat

AUGUST 5, 2020

The investment provides Katabat with significant resources to expand and enhance its industry-leading suite of debt collection products. Katabat is a recognized global leader in cloud-based debt collection managed service software products. Terms of the transaction were not disclosed.

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Sawin & Shea

NOVEMBER 8, 2023

Collection Agency Involvemen t: After being 90 days delinquent on a credit card payment, the company might send you to their collections department. This means you will be contacted (usually A LOT) by their debt collectors to arrange payment. Chapter 13 Bankruptcy , which helps you develop a debt repayment plan.

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Credit Management Company

MAY 17, 2022

According to a 2022 Consumer Financial Protection Bureau report, 58% of all third-party debt collection is made up of medical debt. Maintaining best practices for resolving accounts can lead to a positive and supportive experience for consumers, and effective management of debt accounts for healthcare providers.

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Sawin & Shea

FEBRUARY 2, 2022

Debt Management Programs. Debt relief programs or debt management plans are very common these days. Typically, these programs enable you to pay off all of your credit card debt in full, but through a single reduced rate payment. You should also be wary of debt relief scams.

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UK debt collections

JUNE 21, 2022

Liquidity, cash flow and credit risk management make up the main strategic priorities, as companies seek to secure a solid financial position. A similar share mention improving debt management as well as credit risk management as top priorities. International Debt Collection.

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Debt Guru

AUGUST 30, 2021

When your voicemail is filled with messages from collection agencies and stacks of bills arrive in your mailbox that you have no chance of paying, it’s time for some serious debt relief help. It’s unrealistic in both of these instances to think that you can handle this amount of debt on your own. Debt Management.

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The Kaplan Group

OCTOBER 19, 2020

FDCPA ( Fair Debt Collection Practices Act). The Fair Debt Collection Practices Act (FDCPA) is a federal law that restricts the behavior of collection agencies when they are attempting to collect money from individuals. The law does not apply to collecting from businesses. Acceleration Clause.

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Credit Corp

FEBRUARY 9, 2024

Credit Counseling Immediate credit impact: None expected Long-term credit impact : None expected A credit counselor is a professional adviser who helps you manage and repay your debt. Be sure you fully understand the potential impact of any debt relief program suggested by a credit counselor before you sign up.

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Debt Guru

JULY 26, 2020

Continued missed payments will subject you to a world of financial hurt: Your card could be frozen, you could be hassled by a collection agency, and you might get sued. The more time you delay making a payment, the more likely you are to get calls from the credit card issuer’s internal collections agency.

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Credit Corp

SEPTEMBER 29, 2020

When you owe a business money, the company counts that debt as an asset. The older the asset becomes, the less valuable it is because older debt is less likely to be collected. A charge off doesn’t mean that you don’t owe the debt. Can Creditors Attempt to Collect Charged Off Debt?

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Qualco

FEBRUARY 22, 2022

Collaboration with law firms and Debt Collection Agencies (DCAs) is an integral part of modern collections and recoveries practices. Not only at the stage of the legal action where the involvement of legal professionals is necessary, but also at the earlier, amicable collections stages.

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Sawin & Shea

AUGUST 24, 2020

If you’re dealing with debt and considering filing for bankruptcy, it’s a good idea to get professional legal advice on how to handle the proceedings. Credit counseling and debt management agencies may be able to assist you as you work, but with so many untrustworthy schemes out there, how do you know what the right step should be?

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Debt Guru

JANUARY 24, 2022

Consequence #7: Collections. You are still legally obligated to pay the debt, though, and your lender can sue you for the amount you owe until it’s paid (or settled in bankruptcy). It may be sold to a debt buyer or transferred to a collection agency – and those institutions are usually ruthless in hounding you for payment.

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Debt Collection Answers

MAY 18, 2023

Like all other debt collectors, DNF Associates, LLC depends on multiple sources of information to pursue debt collection. This involves gathering all relevant information and evidence regarding the purported debt. This agency has gained a reputation as a trustworthy and ethical player in the debt-purchasing industry.

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Troutman Sanders

MARCH 14, 2023

DFPI ordered the company to desist and refrain from unlicensed student loan debt relief servicing and refrain from engaging in unlawful, deceptive, and abusive student loan debt relief practices. Accordingly, debt buyers will be required to obtain licenses from the board to conduct collections or act as a debt collector.

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Troutman Sanders

MARCH 6, 2023

DFPI ordered the company to desist and refrain from unlicensed student loan debt relief servicing and refrain from engaging in unlawful, deceptive, and abusive student loan debt relief practices. Accordingly, debt buyers will be required to obtain licenses from the board to conduct collections or act as a debt collector.

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Credit Corp

MAY 19, 2021

If you owe money and don’t pay it, a creditor typically has to get a judgment to be able to force the collection. They could just decide that it’s too expensive to try to collect the debt while you live outside of the country. To avoid a collection agency, and your debt, simply move out of the country.

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