Account Recovery

FEBRUARY 27, 2025

Why it matters: For the credit and collection industry, the takeaway is that financial vulnerability cuts across a broader demographic than ever. Professionals at debt collection agencies, fintechs, and banks can expect to interact with borrowers who dont fit the typical risk profile yet face the same liquidity crunch.

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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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Collection Agencies Collections Agency Debtor Collections 100

American Profit Recovery

SEPTEMBER 26, 2024

However, we are not just celebrating being in business for two decades, we are applauding our vision come true and how we have built a reputable debt collection agency that has achieved what we set out to do in 2004. We came together because we saw an opportunity to improve just about every area of collections.

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Debt collector Collection Agencies Collections Agency Education 264

Account Recovery

MARCH 11, 2025

Why it matters: For professionals in debt collection agencies, debt buying companies, fintechs, banks, credit unions, and consumer finance firms, these findings underscore a growing vulnerability among older borrowers.

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American Profit Recovery

MARCH 4, 2022

National Consumer Protection Week in 2022 is March 6-12 and is meant to educate everyone about how to improve finances, avoid scams and fraud as well as educate consumers about their rights. Everyone here at American Profit Recovery understands that as a collection agency we need to be as transparent as possible.

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Debt collector Collection Agencies Collections Agency Education 239

American Profit Recovery

SEPTEMBER 27, 2024

Many of these hurdles come from pre-conceived notions about what it means to have an account sent to collections, or to be contacted by a collection agency. Collection agencies buy debts and can settle for pennies on the dollar At American Profit Recovery, we are not debt buyers.

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Debt collector Collection Agencies Collections Agency Education 235

Account Recovery

MAY 8, 2025

TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support. I began my career as a software developer in 1999, creating in-house collection software for an agency.

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Collection Agencies Collections Agency Collections Education 130

American Profit Recovery

MAY 15, 2025

The Know My Debt website was created by ACA International with a goal of educating consumers on several areas of financial literacy. The website helps consumers understand their rights when it comes to debt collections, navigating the best way to handle your outstanding debts including how to communicate with a debt collector.

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Debt collector Credit Card Debt Collection Agencies Collections Agency 150

Burt and Associates

MAY 13, 2025

With standardized language, tone, and protocols, collectors stay compliant with laws like the Fair Debt Collection Practices Act (FDCPA) , and reduce risk for your business. One key takeaway from industry experts is that your training shouldn’t just be about “how to collect.”

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Collections Commercial Collection Collection Agencies Collections Agency 52

Account Recovery

FEBRUARY 18, 2025

Prior to joining Velocity, Michael co-founded a fintech consulting firm, Maxwell & Graves Solutions, and was responsible for building and leading Collections & Recovery at Prosper Marketplace. Mark Ravanesi is coming onto the RMAI Board of Directors for 2025, in the certified third-party collection agency seat.

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American Profit Recovery

JUNE 28, 2023

There have been many shifts in the debt collection industry over the past several years. And the trends and updates that many in the collection industry have worked hard on, are moving the industry in a positive way. Check out the words that are becoming the “norm” in collections.

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Collections Debt collector Collection Agencies Collections Agency 130

PDC Flow

APRIL 23, 2025

Medical billing collection is a challenging business. Whether you are a debt collection agency, an extended business office, or the accounts receivable department that manages healthcare collections, many struggles are the same. Bad medical collection practices can damage a healthcare facilitys reputation.

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Medical Bills Collections Healthcare Collections Education 62

True Accord

FEBRUARY 11, 2025

Keeping up with compliance in the debt collection industry can be a challengeespecially as artificial intelligence, machine learning, and other advanced technologies sweep through both the business and consumer sectors. TrueAccord is a licensed, bonded, and insured collection agency in all jurisdictions where we collect.

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American Profit Recovery

APRIL 20, 2022

April is Financial Literacy Month and if you are a consumer that is struggling to meet your financial obligations, this is a chance for you to educate yourself on ways you can improve your financial health. There is no better place to get educated on your financial situation and find ways to improve it than Know My Debt.

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Debt collector Collection Agencies Collections Agency Education 236

Account Recovery

DECEMBER 19, 2024

TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support. I was coaching a child of a former agency owner. He hired me out of education to run his sales efforts.

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Collection Agencies Collections Agency Education Collections 130

Account Recovery

JULY 26, 2023

Consumers are being provided with a new playbook on how to handle unpaid medical debts that are placed with collection agencies, as part of a new report from the U.S. PIRG Education Fund and Community Catalyst that aims to inform consumers about their rights when it comes to medical bills. A copy of the report […]

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Education Collection Agencies Collections Agency Collections 130

UK debt collections

OCTOBER 23, 2020

A top body for Private Schools has launched a new partnership with leading Debt Collection Agency Frontline Collections. In a statement on their website, the Independent Schools Association ( ISA ) has given Frontline Collections a ‘Gold Supplier Status’ for it members.

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Collection Agencies Collections Agency Collections Debt collector 59

PDC Flow

FEBRUARY 27, 2025

The debt collection process can be tricky. Collection agencies must follow regulations strictlyor youll find your business in jeopardy. Compliance can be even harder when scammers actively try to disrupt your debt collection practices through call baiting. First, What is Call Baiting? Why Do People Call Bait?

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Collections Debt collector Debtor Fair Debt Collection 52

American Profit Recovery

AUGUST 27, 2021

This involves the people you hire, the amount and depth of training you provide those people as well as educating them as to how important it is to treat every customer like your only customer. The customer experience extends even through the accounts receivable process and debt collection activity if needed.

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Collection Agencies Collections Agency Education Collections 162

Credit Management Company

APRIL 5, 2022

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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Collection Agencies Collections Agency Collections Collection Agent 52

FFGN COLLECT NY

DECEMBER 15, 2021

The Consumer Financial Protection Bureau (CFPB) has more to do with your debt collection claim than you might think. Personally, CFPB has a lot to do with how companies approach you to collect debt and other financial products. The CFPB regulates debt collection only as it relates to consumer debt.

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Debt collector Collections Fair Debt Collection Collection Agencies 98

UK debt collections

NOVEMBER 8, 2021

The UK’s largest University has called upon a leading UK Debt Collection Agency for help with course content for its students. It is seen a major boost in credibility for the industry and the acceptance of the role Debt Collection Agencies have to play in modern UK Business.

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Education Collections Collection Agencies Collections Agency 59

Better Credit Blog

NOVEMBER 3, 2020

Have you been receiving threatening calls and letters from a company called Advanced Collection Services? You likely have an old debt hanging over your head that they are trying to collect payment on. Advanced Collection Services is a debt collector that works on behalf of other companies to get people to pay up on their old debts.

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Collections Collection Agencies Collections Agency Debt collector 98

Taurus Collect

JUNE 12, 2023

Thus, debt collection agencies are commonly utilised to ensure that funds due back to businesses don’t go unpaid. But how often do debt collection agencies take their clients’ customers to court? But did you know that these agencies often try to resolve your debt before resorting to legal action?

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Collection Industry News

JANUARY 31, 2023

Founded in 1992 BMCF is dedicated to improving the quality of life for cancer and transplant patients and their families by providing vital financial assistance, comprehensive resources, educational information, physician referrals, and emotional support programs. Contact: Annette M.

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Collection Industry News

DECEMBER 21, 2020

— Commercial Collection Agencies of America recently announced that through its initiative, Commercial Collection Agencies of America Gives Back , a portion of the proceeds of its virtual annual meeting has been given to Mental Health Advocates of WNY, formerly known as the Mental Health Association of Erie, New York.

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Commercial Collection Collection Agencies Collections Agency Collections 40

National Service Bureau

JUNE 10, 2015

In reality, debt collection agencies are the most useful means to get someone who has a legitimate contractual obligation to make good on their promise so that the honest businessman (perhaps yourself or your company) on the other side of the trade doesn’t get left holding the bag. Research the Company. Do they have insurance?

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Collection Industry News

JUNE 9, 2023

Introduction: For collection agencies and attorneys, expanding their business and maximizing revenue is a constant pursuit. In this article, we will explore the advantages of joining the Commercial Collection Agencies of America (CCAA) and how it can help collection agencies and attorneys propel their business growth to new heights.

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Commercial Collection Collection Agencies Collections Agency Collections 40

Credits Inc

APRIL 17, 2019

If you've been unsuccessful in collecting the funds, it may be a more effective use of your time to hire an. account receivable collections. agency to focus on collecting the past-due fees for you. In 2016, debt collection agencies were able to recover roughly $78.5 billion in debts. Experience.

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Collection Agencies Collections Agency Collections Debt Recovery 40

Collection Industry News

JANUARY 10, 2022

January 5, 2022-Chicago-Commercial Collection Agencies of America has elected its new. Board members include Pete Roth of CST Company, Fred Wasserspring of Lyon Collection Services, Inc., For more information or to locate a certified commercial collection agency, please visit, www.commercialcollectionagenciesofamerica.com.

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Commercial Collection Collection Agencies Collections Agency Collections 40

CSA

FEBRUARY 3, 2021

While working at the Education & Skills Funding Agency, I engaged some of the UK's largest companies on the skills agenda and worked with them to develop apprenticeship programmes. is a reoccurring theme, with many debt collection agencies investing heavily in their ?employer employer of choice? employer brand?,

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Collection Industry News

DECEMBER 16, 2021

December 15, 2021-Chicago-Commercial Collection Agencies of America announced that through its. initiative, Commercial Collection Agencies of America Gives Back, a portion of the proceeds of its. December 15, 2021-Chicago-Commercial Collection Agencies of America announced that through its.

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Commercial Collection Collection Agencies Collections Agency Collections 40

Nexa Collect

JULY 28, 2020

It can get very difficult to collect your A/R balance if you are not super focused and strict about receiving them. These small, seemingly insignificant interactions about payoff can lead to less time spent collecting fees and more appointments to fill your calendar. Educate your patient on the insurance charges.

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Collection Agencies Collections Agency Education Collections 130

Nexa Collect

JUNE 27, 2023

Employ a Collection Agency : If the borrower is unresponsive or unwilling to pay, employ the services of a collection agency. The agency will then take over the task of contacting the borrower and attempting to collect on the debt.

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Student loans Student Loans Loans Garnishment 100

Better Credit Blog

FEBRUARY 15, 2021

Are collections accounts weighing heavily on your credit report? If you’ve fallen behind on any of your accounts, you could find Fairway Collections on your credit report. As long as the collections entry stays on your report, it’s hurting your score. About Fairway Collections. Self-pay collections.

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Troutman Sanders

OCTOBER 7, 2020

New Mexico’s Attorney General Hector Balderas announced on September 29 that his office has filed three lawsuits against debt collection companies. In his statement , Balderas explained that these lawsuits are part of a larger “crackdown” aimed at educating consumers and eliminating abusive debt collection practices within the state.

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Collection Industry News

NOVEMBER 6, 2020

The Washington State Collection Agency Licensing Board (CAB) will hold a special meeting on Nov. 3 to review language in its permanent rule on remote work for licensed collection agencies. Related Content from ACA International: Washington Collection Agency Board Extends Remote Work Rule into February.

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