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Can a Collection Agency Change an Account’s Open Date?

Taurus Collect

Dealing with a collection agency can often feel like navigating a maze, especially when there seems to be a change in your account’s open date. If you’ve found yourself in this situation, you’re likely asking, “Can a collection agency change an account’s open date?”

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Collecting Business Debt: Five Best Practices When Working With A Collections Agency

Taurus Collect

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. Continual Updates: Choose an agency that offers regular updates on the progress of your case.

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What Are the Crucial Steps in the Debt Collection Process?

Taurus Collect

Navigating the convoluted terrain of debt collection can be a daunting task for businesses big and small. However, understanding the crucial steps in the debt collection process can empower businesses to retrieve owed money efficiently and legally, thus enhancing their financial health.

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Effective Debt Collection Techniques for Businesses

Collection Industry News

Introduction: Managing debt is an essential aspect of running a business, and effective debt collection is crucial for maintaining healthy cash flow and financial stability. Implementing proper debt collection techniques can help businesses recover outstanding payments while maintaining positive relationships with clients.

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Dealing with Debt Collectors

Debt Free Colorado

When collecting a debt from you, collection agencies must adhere to federal and state rules. Fortunately, the federal Fair Debt Collection Practices Act (FDCPA) protects all states. You have rights to help you gain control over your debt collection interactions. or after 9 p.m. unless you agree.

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Give Your Company More Leverage If Your Customer Does Not Pay

The Kaplan Group

All too often, commercial debt collection becomes a negotiation. This could be more money, faster payments, avoiding court, or if necessary, the final outcome in court and the subsequent judgment collection process. One of the most common issues we see is no provision for the imposition of collection fees on the customer.

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CFPB Reaches Settlement With Debt Collector Over Deceptive Practices

Collection Industry News

Last week, the CFPB issued a Consent Order against a New Jersey based debt-collection agency (Agency) over allegations that the Agency regularly violated the FDCPA and the CFPA in the course of their collection activity.