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Data Security Rules that Collection Agencies Must Follow

Nexa Collect

Debt collection agencies are subject to various data security rules and regulations to protect consumer information. Fair Debt Collection Practices Act (FDCPA) : While primarily focused on the practices and behaviors of debt collectors, the FDCPA also contains provisions that protect consumers’ personal information.

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FTC Secures $24M Judgment Against Collection Agency

Account Recovery

A $24 million judgment has been entered against a collection agency and one of the agency’s co-owners has been ordered to divest himself of his ownership stake in the company that purchased the collection agency in question after it was accused by the Federal Trade Commission of collecting on “phantom” payday loans, “purported” (..)

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Debt Collection Agency for Concrete Pumping Industry

Nexa Collect

These receivables are usually B2B accounts that require commercial debt collection. A collection agency with its three-step collection process can assist businesses to recover money in an amicable manner. Need a collections agency for your business: Contact us. Written Notices sent by a Collection Agency.

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Daily Digest – November 30. FTC Secures $24M Judgment Against Collection Agency; Appeals Court Affirms Ruling in FDCPA Class Actio

Account Recovery

FTC Secures $24M Judgment Against Collection Agency; Appeals Court Affirms Ruling in FDCPA Class Actio appeared first on AccountsRecovery.net.

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Debt Collection Agencies could help save thousands of SME’s

UK debt collections

Debt Collection Agencies could help save thousands of Small Businesses in the UK it is claimed. History shows that taking professional debt collection action can help save the number of Small Businesses from going bust. Debt Collection Agencies have a key role to pay. Government support for Small Businesses.

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Can a Collection Agency Change an Account’s Open Date?

Taurus Collect

Dealing with a collection agency can often feel like navigating a maze, especially when there seems to be a change in your account’s open date. If you’ve found yourself in this situation, you’re likely asking, “Can a collection agency change an account’s open date?”

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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. They would offer to collect from liquidated company directors ‘personally’ which is contrary to UK insolvency law.