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A Collection Agent Is Calling: Help!

The Kaplan Group

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. But scammers are out there.

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3 Tips to Successful Debt Negotiation

Payment Savvy

If they have no prior relationship with the debtor, it can be nearly impossible to get payment from the debtor. However, there are some things that collection agencies can do to promote repayment quickly. Listen to the Debtor. Collection agents should listen to what the debtor has to say.

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Commercial Debt Collection for Businesses – 2023 Guide

Direct Recovery

In most cases, some qualifications and credentials will be required to distinguish that you are working with a reputable collection agent. This allows commercial collection agents more flexibility in collecting on your behalf, but it is always a fine line between pushing too hard and not pushing hard enough.

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All About Wage Garnishment and Credit Collections – 2023 Updated

Direct Recovery

The best way to avoid or resolve a wage garnishment from a collection situation is to start by understanding everything you can about the problem, which is taking a big chunk out of your regular paycheck. The first step in implementing a wage garnishment is for the collection agent to obtain a judgment against the debtor.

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What Can a Debt Collector Do in California?

Direct Recovery

In fact, it is considered reasonable for debt collectors to attempt to reach a consumer by phone one time each week, unless the consumer has provided the collection agent with a specific written request that they stop trying to contact them by phone. Send Letters (But Not Too Many). Garnish Your Wages (If They Obtain a Judgment).

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Risk mitigation strategies in debt collection

Collection Industry News

Risk mitigation strategies in debt collection are measures and practices implemented by collection agencies or creditors to minimize potential risks associated with debt collection activities. Training and Professional Development: Providing ongoing training and professional development for collection agents is vital.

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What International Companies Should Know Before Recovering Debts in the UK

Taurus Collect

Understanding the UK’s Statute of Limitations on Debt Collection When dealing with international debtors, it is important for companies to understand the limitation laws of the country in which they are collecting money. They also need to be aware of their rights should court proceedings become necessary.