Collection Agent Related Topics 
UK debt collections
JULY 22, 2021
The UK’s leading High Street banks are strengthening their Debt Collection teams ahead of the emergency covid loan defaults. The UK’s four largest banks are said to have hired over 750 new Debt Collection staff to their debt recovery units in a major challenge facing them.
The Kaplan Group
JUNE 15, 2020
So, it’s no surprise that people are falling behind on their bills, and that some people have received calls from a collection agent. If you are receiving calls from a collection agency, the most important things to know are that you should not panic and you should not ignore the call.
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Payment Savvy
JUNE 24, 2020
Debt collection is a challenging job. We must applaud agents for their remarkable efforts to collect past due receivables. Over time, however, agents do lose their zeal and ambition to rectify delinquent accounts. Collection Agents Bring in Revenue.
On Guard
SEPTEMBER 2, 2020
A day in the life of an Onguard Collections Agent. Set Credit scoring system to support Breaking BAD collection strategy and rules by which customers are moved to different workflows e.g. Low, Med, High risk based on 30/60/90+ aged. Breaking BAD | Big Aged Debt.
The Kaplan Group
NOVEMBER 9, 2020
In collections, we often have to weigh risk and reward and make similar calculations. That is not always true with collections. Perhaps the biggest risk/reward scenario in collections is going to court. However, the biggest risk is the ability to actually collect.
Taurus Collect
MAY 24, 2022
Thus, timely debt collection is crucial for every business. Therefore, it is vital to have a robust debt collection strategy to enable you to stabilise your cash flow and acquire money from your debtors without hampering your business relationships. Collection methods are not real-time.
Payment Savvy
JUNE 16, 2020
Debt collection may sound simple; a consumer owes outstanding monies, so you reach out to collect on the past due balances. Every word matters in debt collection phone calls. As such, you want agents to be well-trained before ever speaking a word to a debtor.
Account Recovery
NOVEMBER 30, 2022
Companies nationwide in the accounts receivable management industry have felt the pinch in their wallets during the past two years thanks to rising wages being paid to collection agents, customer service representatives, and other contact center workers.
Account Recovery
AUGUST 4, 2020
As might be expected, customer service representatives, a category of workers that include collection agents, were among the hardest hit during the early days of the pandemic, according to research that was published by the Federal Reserve Bank of St.
Account Recovery
MAY 14, 2021
Account Recovery
MARCH 16, 2021
Progressing from contract signature to first call in a few months, NRA Group is accelerating the … The post NRA Group Partners with Interactions to Drive Collections Industry Forward appeared first on AccountsRecovery.net.
Payment Savvy
OCTOBER 6, 2021
Collection agencies often find themselves in a tough position when attempting to collect on a delinquent account. However, there are some things that collection agencies can do to promote repayment quickly. Collection agents should listen to what the debtor has to say.
Direct Recovery
MARCH 27, 2020
Understandably, this news sent shock waves through the debt collection community, and it was met with a very strong positive reaction from Senator Wieckowski’s constituents. If that should happen, what changes would we be likely to see to the California debt collection landscape?
Direct Recovery
JUNE 7, 2022
Getting hassled about an outstanding collection account over social media is the last thing any consumer wants to deal with. Still, many collection agents argue that it is the most productive means of communication in 2022. Reviewing the Fair Debt Collection Practices Act.
UK debt collections
FEBRUARY 3, 2023
Energy companies have been asked to suspend the forced installation of prepayment meters after the Times uncovered debt agents for British Gas breaking into vulnerable people’s homes to fit them.
True Accord
JANUARY 19, 2021
The following is an excerpt from our recent ebook, Ten Critical Questions: The Buyer’s Guide to Digital Debt Collection Solutions. For lending organizations, the end result of these changes is that digital collections have shifted from a “nice to have” into a must-have.
Direct Recovery
SEPTEMBER 16, 2022
Fortunately, the local laws in California offer a wide range of protections that limit what those agents can do when they contact consumers. This can be a huge win for the collection agent, and it is usually out of the hands of the debtor or their employer to resist at this point.
Direct Recovery
SEPTEMBER 4, 2022
Once you establish the basics like having some credit history and making your payments on time, the most significant factor that negatively impacts the average credit score is having a collection on your record. Are All Collections Reported to Credit Rating Agencies?
The Kaplan Group
JULY 15, 2020
If collection agents like me are calling you, you need to reduce your debt. To avoid your account being sent to collections, you need to find ways to reduce your debt. Collect on unpaid invoices. If others owe you money, send them to collections.
Direct Recovery
FEBRUARY 7, 2021
In what is supposed to be an increase in protections offered to consumers, an updated version of the Fair Debt Collection Practices Act (FDCPA) was passed in the fall of 2020 that brings that iconic piece of legislation up to date with modern forms of communication.
True Accord
JULY 1, 2021
With automated communications and the consumer’s ability to self-serve, TrueAccord collection agents can service 80,000 accounts at a time, compared to the typical 1,000 to 2,500 accounts that a traditional agent manages on behalf of the financial institution client.
Direct Recovery
JANUARY 17, 2021
There is no shortage of ways in which the COVID-19 pandemic has changed the way business is done around the world in 2020, and that is definitely true for anyone operating in the collections industry. Let’s break down some of the things top agents are doing to get the job done.
UK debt collections
FEBRUARY 9, 2022
Whilst the UK struggles to recover from the pandemic , its never been a better time for Businesses to use a Debt Collection Agency. Debt Collection Agencies do not just act for Businesses, there are many Debt Collection Agencies for individuals also.
Direct Recovery
JANUARY 27, 2023
A statute of limitation is a legal term that defines the specific length of time before a debt is considered “time-barred” and is no longer legally collectible by either the original creditor or a collection agent.
Debt Recoveries
SEPTEMBER 5, 2021
When we put the action on hold, we will contact any Collection Agent or solicitor that we have appointed and tell them the action is on hold. . Standards for collecting money .
Sawin & Shea
FEBRUARY 1, 2023
Under the FDCPA (Fair Debt Collection Practices Act), third-party debt collection agents are not allowed to contact you asking for payment once you have filed for bankruptcy. The time period leading up to filing for bankruptcy is extremely stressful, as you know.
Debt Recoveries
DECEMBER 14, 2020
Hi, my name is Adam Stewart, Debt Collection Expert and owner of Debt Recoveries Australia.I Have a dedicated, debt collection agency on call, as part of your accounts receivable process. Get your collection agent to conduct a credit report on potential clients.
UK debt collections
JUNE 8, 2022
Letters being sent by a Debt Collection Agency to drivers who fail to pail Tyne Tunnel fees are “initimidating and misleading” debt charities have warned. The Debt Collection letters advise of potential fines and even criminal convictions.
Nexa Collect
JUNE 20, 2020
Business discussions often revolve around making and saving money, cutting costs and building upon wealth, but fewer tackle one of the embarrassing experiences of being in business: collecting money owed. This is where hiring a collection company to aid in the recovery effort can make sense.
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.
The Kaplan Group
JUNE 25, 2020
Commercial collection agencies like ours specialize in collecting on B2B debt. If your business is getting calls from a collection agency, you may wonder how this will affect your business credit. Like personal debt, being sent to collections can affect your credit rating.
Direct Recovery
AUGUST 9, 2021
Whether you manage a few collection accounts or a few thousand, having a solid record-keeping database is an essential part of the process you don’t want to ignore.
The Kaplan Group
JUNE 25, 2022
When it comes to collecting commercial debt, getting mad almost never leads to getting even. How to be 30% less effective in collecting business debt. And as any seasoned collection agent will tell you, this isn’t the state of mind that leads to a good outcome.
Better Credit Blog
APRIL 4, 2022
Regardless of what a debt collector might tell you, you have a lot of rights when it comes to how debt can be collected. Your rights come from the Fair Debt Collection Practices Act (FDCPA). You can be professional even if the agent on the phone seems to be running a scam.
Credit Management Company
APRIL 5, 2022
One way is to hire collection agencies. Finding the best collection agency partner is a reliable way to get the money your business needs. With effective collection agents, you can get paid faster and increased legal protection.
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