article thumbnail

How Often Do Debt Collection Agencies Take You To Court? 5 Things to Know

Taurus Collect

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?

article thumbnail

How Do I Send Debt to Collections?

Nexa Collect

While it’s smart to initially attempt collection on your own, there’s only so much work you should do. Trying to collect a bad debt is draining on your time and your resources. Eventually, it makes sense to pass the task on to a professional debt collection company. Need a Collection Agency easy to work with?

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to execute effective B2B debt collection strategies

Collections Law

When that customer is another business, you may need to resort to aggressive collection techniques. Cohen & Associates LLC, our experienced collection attorneys are aggressive and relentless, ethically pursuing all manners of collection debt practices provided to us under Massachusetts law. At Law Offices of Alan M.

article thumbnail

Recommendations for Debt Collectors Working from Home

Nexa Collect

You should discuss these points with the compliance superior of your collection agency. Since collection agencies fall under GLBA laws, they are subjected to the same strict laws as large financial institutions like banks. It’s also essential to monitor calls for quality assurance and compliance purposes.

article thumbnail

Business Debt Collection Laws and their Connection to Commercial Debt

Debt RR

The good news is that it is your right to collect on debts as long as you follow the right legal procedures. If you operate a B2B model, you are required to follow business debt collection laws. What are Business Debt Collection Laws? The business debt collection laws protect them. The short answer to this is yes.

article thumbnail

Digital Operations Impact on Debt Collection, from Team Structure to ROI

PDC Flow

Like other Accounts Receivable professionals, Franklin found his career by accident when he accepted a collection job after college in 2005. He has a wide range of experience, including consumer, commercial, international and legal collections. At Cedar, many different departments work together to keep things running.

article thumbnail

A phantom debt collection scam duped consumers out of more than $1 million. Here are 5 ways you can avoid falling victim

Collection Industry News

The phantom debt collection scheme — which used names including GAFS Group, Global Mediation Group and Mediation Services — pressured consumers to pay the false debts by threatening to take legal action against them. “If The letter will require the debt collector to prove they’re legally collecting the balances owed, he said. “If