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Navigating Commercial Debt Collection: Tips and Best Practices

Taurus Collect

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. Avoid agencies that fail to do this.

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Third Circuit Doubles Down on §1692f Violations

Consumer Financial Services Law

In Douglass , the Third Circuit held that displaying an internal collection agency reference number through a glassine envelope window violated §1692f(8). 12, 2019), the defendant debt collector sent a collection letter to the consumer in an envelope which, on its face, displayed a QR code. . Convergent Outsourcing , 765 F.3d

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Medical Debt Collection Harms Patient Finances

Collection Industry News

million in medical debt over the three years, receiving judgments in 4,110 cases. million in 932 cases and received judgments in 751. The largest judgment was nearly $223,000 in a Gundersen case in Buffalo County. ABC for Health’s study, released last month, found that the five health systems evaluated sought $10.4 LOCAL NEWS.

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The Limits On Direct And Vicarious Liability Under The FDCPA

FDCPA Defense

2000) (FDCPA claim filed against shareholder of agency was frivolous: “The Fair Debt Collection Practices Act is not aimed at the shareholders of debt collectors operating in the corporate form unless some basis is shown for piercing the corporate veil, which was not attempted here.”) (citation omitted); Pettit v. Goodman , 200 F.3d