Debt Recoveries

MAY 29, 2020

One of the services businesses are able to use to help maintain or improve their cashflow is a debt collection agency. To assist in ensuring quality and integrity within the debt collection industry, the Institute of Mercantile Agents was formed. Partnering with the right collection agency can do wonders for your cash flow.

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Taurus Collect

FEBRUARY 23, 2023

If you’re in debt, you may be wondering if it’s better to hire a debt collection agency or lawyer to help you recover the money you owe. Here’s a quick overview of debt collectors vs lawyers to help you choose the right person for your situation. Do you enlist debt collectors or lawyers in Norwich, UK?

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Taurus Collect

APRIL 26, 2021

When you’re looking for a commercial debt collection agency, it’s easy to feel overwhelmed. We know what makes a good debt collection agency because we strive to be the best we can be. Commercial collection agencies that are worth your time have a good reputation and are trustworthy.

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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. Read on to know some factors you should consider when hiring a professional to help you collect your business debts.

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Taurus Collect

JUNE 5, 2019

Let’s go straight in on this one, because we know what makes a good collection agency. So here are 5 tips to choose a good collection agency for your business: Reputation & trustworthiness – always look for an agency with at least 5 years of trading history. How To Find A Good Collection Agency.

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Collection Industry News

JUNE 12, 2023

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. appeared first on Collection Industry News.

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Credits Inc

DECEMBER 3, 2019

While you might not have considered partnering with an accounts receivable collection agency before, the truth is they can be a valuable asset to business owners across the United States. If you’ve been struggling to collect delinquent payments, here are a few reasons why you should hire a collection agency.

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Credits Inc

OCTOBER 26, 2019

For this reason, creditors are hiring debt collection agencies to collect debts that are 60 days past the agreed period. Therefore, the agencies act as middlemen collecting any delinquent loans. Debt collection agencies communicate to debtors via calls, letters, or emails.

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Nexa Collect

MAY 23, 2022

A debt collection agency will almost always allow you to make payments in installments. Installments result in more work for collection agencies. No more harassment from collection agencies or their lawyers. Should a borrower/debtor go for it or not?

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Nexa Collect

OCTOBER 31, 2022

Based on clients we came across last year (2021), here is the average recovery rate we have seen, along with our collection agency partner(s). No collection agency publically publishes the results they achieve by industry. Legal Services / Lawyers. House Rent Collection. This is purely our own experience.

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Collections Law

MAY 7, 2020

This local company turned to us after seeing minimal progress with a collections agency and were able to receive their monies without alienating their client. When we win your case, collecting the judgment may be made easier if monies were previously frozen by way of an ex parte bank or trustee attachment. and Crest Tractor.

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Collections Law

SEPTEMBER 24, 2020

When it comes to bad debt collection , there are many benefits that a commercial collections attorney in Massachusetts can offer that a collections agency simply cannot. Hiring a collections agency means that you are restricting your ability to collect to phone calls, emails, and the goodness of the debtor.

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Collections Law

SEPTEMBER 24, 2020

Agencies When it comes to bad debt collection, there are many benefits that a commercial collections attorney in Massachusetts can offer that a collections agency simply cannot. Hiring a collections agency means that you are restricting your ability to collect to phone calls, emails, and the goodness of the debtor.

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UK debt collections

SEPTEMBER 2, 2021

French debt collection agencies are particularly prevalent due to the country’s strong economic dependence on Small Businesses and Medium enterprises. Recovering business-to-business debts (B2B) takes on considerable importance for debt collection attorneys across France. A Five Step Process to Recovering your Debts in France.

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FDCPA Defense

APRIL 17, 2019

Few things are more fundamental in the law than the principle that a lawyer owes a duty of loyalty to the client, a duty to be vigorous advocate within the bounds of the law, and a duty to maintain the client’s confidences and preserve the attorney-client privilege. Clients expect this of their attorneys, as they should. It makes no sense.

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Nexa Collect

JUNE 20, 2020

The debt collection process for businesses also depends on B2C or B2B debt. Need a Collection Agency for your Business? These are some of the things a collection agency can do for you: Take over delinquent clients and let you concentrate on growing your business. Serving Nationwide. Contact us .

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Sawin & Shea

JULY 20, 2022

Have you ever been incessantly contacted by a debt collection agency trying to get money from you? It can be difficult to understand just what exactly these agencies are legally allowed to do, and what crosses the line. The majority of debt collectors work for reputable collection companies. That’s why we’re here to help.

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Debt Free Colorado

FEBRUARY 21, 2022

When collecting a debt from you, collection agencies must adhere to federal and state rules. Fortunately, the federal Fair Debt Collection Practices Act (FDCPA) protects all states. The Fair Debt Collection Practices Act (FDCPA) does not apply to original creditors or cover company obligations.

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Debt Recoveries

APRIL 16, 2023

A lot of clients in need of debt collection assistance could be undecided about using commision-based debt collection or legal action. A debt collector and lawyer who focuses on debt collection advises clients to pursue payment of their obligations as soon as possible since the longer they wait, the more difficult it will be to do so.

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Taurus Collect

DECEMBER 30, 2022

Ultimately, they can also hire a debt collection agency to pursue the money you owe to them. Read on to understand how to respond when your debt is sent to collections. You may panic upon learning that there is a debt collection agency after you to retrieve the amount you owe to your creditors.

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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? Only a lawyer can do what is necessary to force payment. They can only contact the debtor again and again in an effort to persuade them to pay.

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FFGN COLLECT NY

DECEMBER 15, 2021

The CFPB also acts as a database that logs complaints against collection agencies and collection attorneys. The public record includes the names of the debt collection agencies, law firms, and lawyers, accused of wrongdoing as well as what the debt collector is accused of.

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Collection Industry News

OCTOBER 19, 2020

Every month, my company receives a long list of creditors, lawyers, collection agencies, and other businesses that were sued under the FDCPA regulations. This list is just a small fraction of companies that settled with litigant lawyers making demand due to one or several infractions.

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Collections Law

MAY 23, 2023

That action needs to be more than just hiring a collections agency. They just don’t have the tools to actually collect from someone who is refusing to pay. Don’t waste hundreds or thousands of dollars on collection agencies to collect your commercial debt.

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Taurus Collect

FEBRUARY 1, 2024

Understanding the Debt Collection Process The debt collection process typically initiates once a creditor concludes an account is non-performing, meaning the debtor has missed payments for several months. Legal Action : As a last resort, the collection agency may recommend that the creditor take legal action to recover the funds owed.

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On Guard

JUNE 12, 2020

The software is used by debt collection agencies, financial restructuring and recovery departments, debt collection lawyers, banks, insurers, energy companies and lease companies in particular to effectively and efficiently manage their portfolio.

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The Kaplan Group

JANUARY 19, 2021

With the new rules, collection agencies can contact consumers more frequently. They can place up to seven debt-collection phone calls per week (and under some circumstances even more), as well as send an unlimited number of text and email messages and private social media posts. But be warned, it’s 653 pages. Email rules.

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Better Credit Blog

APRIL 5, 2022

The first step, if you have paid the full collection account, settlement, or have been making regular on-time payments, is to mail the collection agency a “ goodwill letter ” that explains your situation. considering you are getting your own lawyer to fight on your behalf. Talk to Lex Law.

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Collections Law

DECEMBER 4, 2023

Advanced legal tactics to collect past-due debts from another business Chances are, if you are considering a debt collection attorney, your business has already tried collecting the debt on your own. If you’ve retained a collection agency, they’ve probably sent more notices and maybe even attempted phone calls.

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UK debt collections

JANUARY 4, 2024

Here are some collection strategies to consider: Send a final demand letter, clearly stating the amount owed and the consequences for non-payment. Consider hiring a debt collection agency to handle the process for you. If necessary, pursue legal action through small claims court or hiring a lawyer.

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Taurus Collect

JANUARY 10, 2024

Use Mediation or Debt Collection Agencies : If direct collection efforts fail, consider using a professional mediation service or engaging a reputable debt collection agency. Understand International Laws : Each country has its own set of laws and regulations relating to debt collection.

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Sawin & Shea

OCTOBER 5, 2022

Federal loans charge high-interest rates, and if you default, the government could sell your loan to a collection agency. With federal direct loans, you may need to pay collection costs, but the collection cost fees are not capitalized or added to your total loan balance. This may be the U.S.

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Student loans Student Loans Loans Garnishment 93

FFGN COLLECT NY

JANUARY 31, 2024

The role of the Attorney General (AG), head of the Department of Law, is “both the People’s Lawyer and the state’s chief legal officer…serves as the guardian of the legal rights of the people of New York, its organizations, and its natural resources.”

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Sawin & Shea

NOVEMBER 30, 2022

If the lender sells the loan to a collection agency after you default, you’ll also face additional fees and higher interest rates. Additionally, you’ll need to communicate with the collection agencies who are in possession of your loans, and you cannot redirect your loans to a new lender.

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UK debt collections

DECEMBER 19, 2023

Mark Isherwood shared his concerns but warned that lawyers have advised that a bill to regulate debt collection and enforcement would be outside of the Senedd’s powers. Mr Isherwood highlighted an existing legal requirement for a debt collection agency to register and follow guidelines set out by the Financial Conduct Authority.

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UK debt collections

DECEMBER 19, 2023

Mark Isherwood shared his concerns but warned that lawyers have advised that a bill to regulate debt collection and enforcement would be outside of the Senedd’s powers. Mr Isherwood highlighted an existing legal requirement for a debt collection agency to register and follow guidelines set out by the Financial Conduct Authority.

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Collections Law

JUNE 14, 2023

Collection agencies can’t do any of this. In a worst-case scenario, their efforts can even tip off a deadbeat that you’re trying to collect and prompt them to move their assets. The process gives us access to some tools that often allow creditors to skip the 30-day waiting period altogether.

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