Remove Collection Agencies Remove Creditors Remove Debt Recovery Remove Trade
article thumbnail

Courts close rogue Debt Collection Agency

UK debt collections

The High Court has shut down a rogue Debt Collection Agency it has emerged. The Debt Collection Agency spuriously claimed to be able to collect debts from liquidated companies. Global Investigations and Recoveries Ltd would contact creditors of liquidated companies.

article thumbnail

Collection agencies can employ various strategies to acquire clients and grow their business.

Collection Industry News

Here are some effective ways to attract clients as a collection agency: 1. Establish connections with individuals and businesses that can refer clients to your agency, such as attorneys, financial institutions, credit bureaus, or other professionals in the debt recovery field.

Insiders

Sign Up for our Newsletter

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

article thumbnail

UK Commercial Debt Collection Laws & Regulations

Taurus Collect

The key objective of these rules is to ensure fair play between the creditor and the debtor, preventing any kind of harassment without compromising the debt recovery process. The Fair Trading Act : This law prevents businesses from using unfair tactics when they are collecting debts.

article thumbnail

UK Business insolvency rises by 18%

UK debt collections

The UK business insolvencies consisted of 256 compulsory liquidations , 1,889 creditors’ voluntary liquidations (CVLs), 146 administrations, 23 company voluntary arrangements (CVAs) and one receivership appointment. HMRC also desperately requires increased funding to streamline its financial debt recovery processes.

article thumbnail

How hard is it for UK Businesses to collect debts in the USA?

Stevens Lloyd

However, the trade gap between international countries and the United States has been bridged. Due to the increased level of import-export trade between the U.S. and other countries, it will not be uncommon for debts to be accrued. trades with, the United Kingdom has one of the lowest import/export ratios of indebtedness.

article thumbnail

How to Remove TransWorld Systems From Your Credit Report

Better Credit Blog

If you fall into hard times, the inability to pay off your credit card bills or student loans can result in your debts being transferred to a debt collection agency. Not only is this untrue, but the debt they are attempting to collect might not even be yours!

article thumbnail

Hot to Remove Credit Collection Services From Your Credit Report

Better Credit Blog

If you’re unable to pay your original creditor, your debt may pass to a debt recovery agency, earning a collection letter and possibly a stain on your credit report. How to Remove Credit Collection Services From Your Credit Report. This means that you’re not dealing with the initial creditor.