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Finding A Collection Agency

Credit Management Company

Perhaps you need to consider working with a collection agency. Read on to learn how to hire a collection agency that will serve your best interest and protect your good reputation. Menacing threats and middle-of-the-night phone calls are not the methods top debt collection agencies use.

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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. How do you mitigate this?

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Finding A Collection Agency: Part 1 - The 5 First Steps

Credit Management Company

Are you worried that if you refer your customers to a debt collection agency you’ll lose control of your brand? Here are the best steps to follow when looking for a collection agency to work with, from evaluating whether it’s the right move, to seeking quality referrals. A collection agency can help in those situations.

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How a Debt Collection Agency Can Help Your Cash Flow

Credit Management Company

Lack of payment from products and services already delivered can make it very difficult to continue doing business, so it's the responsibility of debt collection agencies to increase the flow of revenue so that you can meet payroll and fulfill your other financial obligations. Types of Businesses that Benefit from Debt Collection.

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Best Practices for Resolving Medical Accounts

Credit Management Company

Maintaining best practices for resolving accounts can lead to a positive and supportive experience for consumers, and effective management of debt accounts for healthcare providers. Patients need as much information as possible to make smart decisions about their healthcare. Work with Reliable Third-Party Collection Agencies.

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Survey shows true cost of Businesses chasing late payments

UK debt collections

The Healthcare sector was revealed as the sector that spent most time chasing debts. The demand for Professional Commercial Debt Collection Agencies is increasing post covid with many Businesses turning to them for help. Shockingly almost a quarter spent even more time chasing late payments at 76%+.

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Consumer Rights in Debt Collection

Credit Management Company

Thanks to the Fair Debt Collection Practices Act , or FDCPA, a set of collection laws are in place to standardize the interaction between consumers and third-party collection agencies. While this act does not excuse consumers from paying their debt, it does protect them from unfair or abusive debt collection tactics.