Collection Agencies Credit Bureau Debt Recovery 
Nexa Collect
JANUARY 14, 2023
The US government has thrown a slew of laws on collection agencies, making bad-debt recovery harder and costlier. Lower recoveries mean, low recoveries and extensive loss for businesses and doctors. There are thousands of collection agencies in the USA, but most are small. New Regulations.
Nexa Collect
JUNE 4, 2022
Many collection agencies have shut down recently due to the following reasons. Covid-19 Pandemic : Collection agencies were barred from collecting money in many states during the pandemic, impacting revenue from existing accounts. Medical debts form nearly 50% of consumer debt collections.
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Nexa Collect
FEBRUARY 15, 2023
It is common for collection agencies to charge an onboarding fee to their new customers. However, a few good collection agencies with nationwide coverage waive their setup fee from time to time. Contact us if you need a collection agency with the following features. No setup fee and no hidden charges.
Nexa Collect
JUNE 28, 2022
Collection agencies offer two types of collection services to their clients. In the Fixed fee service a collection agency sends multiple written demands only. In the Contingency service one written debt validation notice is sent followed by collection calls from an experienced debt collector.
Burt and Associates
MAY 13, 2025
Here are clear signs it’s time to send the account to a commercial debt collection agency : The Debt Is Aging : If more than 90 days have passed, your chances of recovery drop fast. A commercial collection agency brings neutrality, leverage, and legal infrastructure that your team may not have.
Collection Industry News
MARCH 30, 2025
The Business Research Company’s Debt Collection Agencies Global Market Report 2025 Market Size, Trends, And Global Forecast 2025-2034 LONDON, GREATER LONDON, UNITED KINGDOM, March 31, 2025 /EINPresswire.com/ — Get 20% off on Global Market Reports until March 31st! Use code FY25SAVE at checkout.
Nexa Collect
APRIL 27, 2022
But all this is changing only for medical debts. Credit bureaus will soon stop reporting medical debts lower than $500, remove medical line items that have been fully paid, and collection agencies now have to wait for 1 year before medical debts can be reported.
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