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Common Myths About Using a Collection Agency

Credit Management Company

The average American has over $90,000 of debt , and many struggle to manage this number. Therefore, many people find themselves encountering collection agencies at one point or another. Unfortunately, much of what people “know” about the debt collection industry relies more on myths than facts.

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Why Use A Debt Collector?

Debt Recoveries

In operating and building a company, your accounts receivables are actually an asset to your business, but you still need to collect the money. So why use a debt collector instead of doing it yourself? Here’s why: Quick action results in a higher recovery rate. The post Why Use A Debt Collector?

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7 Basic Debt Collection Tips from a Debt Recovery Company

Debt Recoveries

Indeed the best credit manager may require the assistance of a skilled debt collector at some point. Furthermore, any business or company that provides credit will require the services of a good debt collection agency, especially with a recession around the corner. . Keep trying. .

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How to Reduce Your Collection Cost and Boost Your Cash Flow

Taurus Collect

This is where the innovative concept of No Cure No Pay debt collection in the UK presents a compelling solution. Designed to mitigate financial risks and enhance efficiency in debt recovery, this approach offers businesses a safety net, ensuring they only incur a cost upon successful collection.

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10 Credit Control Tasks You Can Do Before Outsourcing to Your Debt Collector

Debt Recoveries

The COVID-19 has taken the world by surprise and we at Debt Recoveries Australia and ADC Legal wanted to share some our top 10 credit control tasks you can complete before you send the debt to a debt collector. AICM ( Australian Institute of Credit Management) is a particularly useful point of reference.

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Top Reasons to Outsource your Debts to a Debt Collection Specialist

Debt Recoveries

Dealing with non-paying customers can be extremely frustrating, as any credit manager knows. While customers will do anything to avoid paying their debts, it is more practical to hire the services of a debt collection expert to persuade debtors to make payments. . Contact a Debt Collection Expert right away -?

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Who Should Use Commercial Debt (B2B) Collections?

Credit Management Company

Even when you try to send customer debt collection requests, they have fallen on black days. After speaking with colleagues, you were told about the possibility of commercial debt collection agencies taking over. This is known as business-to-business debt, these firms specialize in debt recovery owed by businesses.