article thumbnail

Toll fine Debt Collection letters are ‘intimidating and misleading’

UK debt collections

Guidelines on debt recovery letter phrasing warn against using “potentially misleading” words such as “enforcement” in trading names so as not to deceive debtors.

article thumbnail

Debt Collection Horror Stories

National Service Bureau

Company documents allegedly indicated tactics such as embedding collection agents in emergency rooms and attempting to coerce payment upfront. The Attorney General indicated that the company employees broke the law by not clearly identifying themselves debt collection agents.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How To Deal with Debt Collectors When You Can’t Pay

Better Credit Blog

Therefore, you’re in a good position when you tell the debt collector you are aware of The FDCPA and that any violation will be documented and forwarded to the Federal Trade Commission (FTC) as well as the Consumer Financial Protection Bureau (CFPB) and your State Attorney General’s office. Don’t Allow Them To Provoke You.

article thumbnail

6 Quick Steps to Increase Cash Flow and Reduce Debt

Debt Recoveries

Get your collection agent to conduct a credit report on potential clients. If you are not able to pay your bills within their terms then you are trading whilst insolvent and this is illegal in most countries. Charge interest and a recovery fee and make sure this is made clear on your credit application forms and on each invoice.

article thumbnail

How hard is it for UK Businesses to collect debts in the USA?

Stevens Lloyd

However, the trade gap between international countries and the United States has been bridged. Due to the increased level of import-export trade between the U.S. trades with, the United Kingdom has one of the lowest import/export ratios of indebtedness. The roles played by Credit Bureaus and collection agencies.

article thumbnail

Managing Cash Flow During Covid

Debt Recoveries

Make it known to debtors that delinquent matters will be referred to a debt recovery agent. . . If you are not able to pay your bills within their terms, then you are trading whilst insolvent and this is illegal in most countries. . Get your collection agent to conduct a credit report on potential clients. Solvency .

Debtor 52
article thumbnail

Cash Flow during COVID

Debt Recoveries

Make it known to debtors that delinquent matters will be referred to a debt recovery agent. If you are not able to pay your bills within their terms, then you are trading whilst insolvent and this is illegal in most countries. Get your collection agent to conduct a credit report on potential clients.