article thumbnail

Ed. Dept. Cancels Contracts With Private Collection Agencies

Account Recovery

The Department of Education last week notified the private collection agencies it had been using to help recover payments on defaulted student loan debts that it would no longer be placing accounts with them. Cancels Contracts With Private Collection Agencies appeared first on AccountsRecovery.net.

article thumbnail

Impact of Collection Agency Letters on Debtors

Nexa Collect

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Collection Agency for Excessive Employee Reimbursement

Nexa Collect

Did you sponsor higher education for your employee with a commitment to work with you for a few years, but he resigned right after completing the degree? A collection agency can work with your employee professionally and legally to ensure that you get your money back. Need a collection agency? Contact us.

article thumbnail

Average Recovery Rate of a Collection Agency

Nexa Collect

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

article thumbnail

How to Collect Past-Due Customer Payments

Enterprise Recovery

Enterprise Recovery is a debt collections agency that specializes in B2B account recovery. We also educate on the best practices required to collect those debts before turning to a professional debt collections company.

article thumbnail

These words help define the future of debt collections

American Profit Recovery

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.

article thumbnail

Boost Your Business Growth with the Commercial Collection Agencies of America

Collection Industry News

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.