Nexa Collect

JUNE 10, 2023

Here are some ways AI can be used in debt collections: Automated Communication: AI-powered chatbots can handle initial interactions with debtors, engage in conversations, and answer frequently asked questions. Lowering Collection Costs: Human debt collectors take a significant percentage of all money recovered by them.

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Collections Law

OCTOBER 5, 2020

For companies dealing with other business entities, debt recovery for services rendered can prove a difficult task. Throughout the debt recovery process, you may be tempted to take the path of least resistance and try to either put the situation behind you or turn to a collections agency. Cohen LLC. .

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Collections Law

JULY 1, 2020

Have you lost all hope of recovering a long-overdue debt? You’ve tried everything in your power, but the debtor doesn’t respond or keeps making excuses to buy more time. You’ve already tried hiring an agency, but they say there is nothing more that they can do. Why Hire a Collections Attorney? The Law Offices of Alan M.

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Collections Law

SEPTEMBER 24, 2020

That is why you should leave bad debt collection to the experienced aggressive debt recovery attorneys at the Law Offices of Alan M. We have collectively between our two collections attorneys almost 50 years of debt recovery experience. Is your business owed money? The Law Offices of Alan M.

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Collections Law

SEPTEMBER 24, 2020

That is why you should leave bad debt collection to the experienced aggressive debt recovery attorneys at the Law Offices of Alan M. We have collectively between our two collections attorneys almost 50 years of debt recovery experience. . Attorneys vs. Agencies.

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Collections Law

APRIL 25, 2023

Time is of the essence – and that means you have no time for collection agencies. Did you know that collection agencies can’t force business debtors to pay? They can only contact the debtor again and again in an effort to persuade them to pay. It’s labor intensive, and that’s costly. Worse, it doesn’t work.

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Debt Recoveries

MARCH 19, 2023

Taking debt collection action quickly is important to increase the chance of recovering payment. The longer the process of chasing letters, emails, and calls is repeated, the less likely it is to recover the debt. When setting payment terms, if the customer has not paid by the due date, the late payment becomes debt.

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Taurus Collect

DECEMBER 18, 2023

What is Commercial Debt Collection and How Does it Work Commercial debt collection is the process of pursuing payment of debts owed by businesses. When a business owes another business, the owed entity may engage a commercial debt collection agency to recover the debt on their behalf.

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Nexa Collect

JANUARY 19, 2022

If you think that ignoring written demands and calls from a collection agency will spare you from all the consequences, then you are wrong. A debt collector has several ways to find your latest address, phone number, and employer information. Ignoring a debt collector’s calls can be quite unfavorable.

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Collection Industry News

MAY 9, 2023

Introduction: When you’ve obtained a judgment in your favor, the next crucial step is enforcing it and recovering the owed amount. One significant aspect of the enforcement process involves locating assets belonging to the judgment debtor. Look for records of bank accounts, investments, stocks, or other valuable assets.

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Debt RR

AUGUST 3, 2020

Sometimes, that debt gets out of hand and businesses find themselves on the receiving end of calls from commercial debt collection agencies. Calls from a commercial debt collector can create an enormous amount of stress for many business owners. What Do Commercial Debt Collection Agencies Do?

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Taurus Collect

JULY 19, 2022

While it is highly recommended to select your options quickly and wisely to ensure timely collections, you should consider consulting with a debt collection agency before taking court action against your debtors. They have the technical know-how, adequate experience, and skills to ensure fast recovery of payments.

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Collections Law

AUGUST 11, 2020

Cohen LLC, you don’t have to suffer from the stress and frustration that comes with the legwork involved in following up with debtors. You also don’t have to sit helplessly in the face of bad debts when your debtor fails to make payments. Simply stated, our aggressive Massachusetts collection attorney, Alan M.

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Debt RR

AUGUST 27, 2021

Filing a claim for unpaid debt in civil court can be a complex, time-consuming process. You may have already hired a third-party collection agency, which has recommended litigation as your best option for collection after their own collection efforts proved unsuccessful. What Is Process Service? Self-Service.

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Collection Industry News

JUNE 1, 2023

The growing complexity of financial products, such as credit cards, mortgages, and student loans, has led to a surge in outstanding debts. This presents a substantial opportunity for debt collection agencies to assist lenders in recovering unpaid debts and managing default risks.

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Debt Recoveries

MARCH 11, 2020

If your debtors have been unable or unwilling to pay you, chances are they may also owe money to others, who will also be trying recovery action, so it is vital that you don’t fall to the side. First attempt to negotiate with your debtor. Make a reasonable offer to settle the debt and ensure you document your actions.

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Stevens Lloyd

JULY 30, 2018

and worldwide to obtain information pertaining to debt recovery in the United States. The roles played by Credit Bureaus and collection agencies. there is a wide range of debt collection agencies. Some of these debt collection agencies have branches throughout the country.

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Collections Law

JULY 29, 2021

The initial step to commercial debt collection is long before you send your debtor to collection. Relying on handshakes and oral promises may feel more natural but in commercial debt collection, it is extremely helpful to have good paperwork. The collections attorneys at the Law Offices of Alan M.

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Stevens Lloyd

SEPTEMBER 25, 2018

Are you uncertain as to whether your debtor will pay your unpaid debt? Or did you run out of ways to effect debt recovery? When traditional collection methods fail, we and our debt collection attorneys deploy advanced collection techniques. Pre-Judgment Writ of Attachment. Litigation.

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Stevens Lloyd

SEPTEMBER 27, 2018

These advanced debt recovery techniques will assure that your money is recovered in the most expeditious fashion. A writ of execution (otherwise called an execution) is a court order used to put a judgment of ownership into power after it’s obtained by the offense from a higher court. What is a Writ of Execution. Bank Levies.

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Debt RR

AUGUST 3, 2020

Student loans: The most recent data shows that over 10% of student loans are more than 90 days late, which puts them at risk of being turned over to collection agencies. Wage garnishment is a common recovery option, but bank account garnishment is a last resort. Can Debt Collectors Garnish Bank Accounts in Texas?

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Nexa Collect

NOVEMBER 1, 2021

Individuals can be legally forced to pay their debts with their cryptocurrency, but the creditor must have a judgment which states that the debtor is obligated to pay off the debt, including any cryptocurrency they own. Knowing whether or not the debtor owns crypto like bitcoin is of course a challenge.

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