How Do Debt Collection Companies Operate?

Taurus Collect

The debt collection process involves recovering debts from the borrower who has initially failed to repay or recover payments on accounts that are past their due date. When asked about “what collection agencies do?”, Debt collection varies depending on the company collecting the debt.

Lawyer vs. Debt Collection Company: Which Should I Use?

Taurus Collect

Effective debt collection can alleviate the financial stress of any company. This is because a well-experienced debt collection agency has the time, expertise, and resources to aid you in recovering your money. At Taurus Collections (UK) Ltd.,

Does Your B2B Debt Collections Company Offer Brand Protection?

Enterprise Recovery

If your accounting team outsources its bad debt or unpaid receivables to a collections agency, it's also important to protect your brand. Quite simply, a negative experience with a collections company could sour business relationships and your branding.

FIRMS: A Better Debt Collection Company


The same is true of the debt collection industry. I had never given the debt collection industry much thought but once I had started doing some investigating into the industry I quickly realized all the ways I could improve upon the experience and services that were being offered by the industry leaders. One of the main area’s we researched was finding out the top complaints people had filed against other debt collection companies.

Collection Companies Among Group Filing Briefs Urging Supreme Court to Narrow ATDS Definition

Account Recovery

A number of groups, including two debt collection companies, have filed briefs with the Supreme Court in support of Facebook in a Telephone Consumer Protection Act Case that seeks to define what constitutes an automated telephone dialing system once and for all.

How To Know the Difference Between Legitimate Debt Collection Company and Scams?

Taurus Collect

Dealing with debt collection issues can be overwhelming, especially when you are unsure if the person contacting you is legitimate or a scammer. When an account becomes past due, your creditor may attempt to collect the amount owed or hire a debt collection agency.

Top 6 Complaints Against Debt Collection Companies

National Service Bureau

Debt collection companies walk a fine line between business efficiency in their primary function (accounts receivable management), while at the same time needing to respect the fact that the debtor is a valuable client to the business for whom they are running collections. That is why it is so important for organizations to choose a collection agency that falls on the right side of the fence in what is otherwise a huge grey area.

FIRMS – The difference maker in your collections!


Hence, using a collection agency is your best bet at recovering past due balances. We send letters and follow up with the debtors over the phone, diligently, efficiently and with a prime focus on collecting the outstanding amount. It has been noted that the younger generation prefer using this medium and also helps those who are not keen discussing their debt with collection agencies over the phone. If you are looking for a collection agency , look no further than us.

What our clients say about FIRMS.


We originally got started in the debt collection industry because we knew that FIRMS would make an impact on the debt collection industry in a very crucial way. How is your current debt collection company working for you? Do they customize their services to fit your company’s needs and wants? That’s because FIRMS has created something unique; a debt collection company that cares. At FIRMS we take great pride in our customer satisfaction.

Director banned for taking money from Company with Unpaid CCJ’s

UK debt collections

The sole Director of a broker Company based in Hampshire has been banned as a Company Director. The company acted as a broker for waste management services within the construction industry. The company continued to trade and accrue further debts.

Top Complaints Of A Debt Collection Agency


Top Complaints of a Debt Collection Agency. In 2015 there were a number of complaints against various debt collection agencies all around the United States. Of these, 1,346 related to credit card collections and 1,057 had to do with healthcare collections. FIRMS is a premier debt collection company that specializes in caring for our customers and making sure we always stand above the rest of the companies in the industry.

Customer Interview


As one of the top leading debt collection agencies in the industry, FIRMS makes it a practice to contact a portion of our clients from time to time in order to find out some of the problems they had faced in the past with other debt collection agencies and how FIRMS can perform at a higher level to meet our customers needs and wants. There had been debt collection companies in place for years that were not performing to our needs as a business.”.

Saving For An Emergency


Debt Collection Debt Collection Company Personal Finance Business Cash Debt Debt Collection Agency Debt Collection Business Debt Collection Companies Emergency Fund Finances Greenbacks Money Saving Saving Cash Saving MoneySaving For An Emergency. A great way to get out of debt is to save and pay off your debts. Right? Sounds simple enough.

How To Save Money With Cash


Debt Collection Debt Collection Company Personal Finance Debt Collection Agency Debt Collection Business Debt Collection Companies Debt Free Finances FIRMS How To Spend Medical Debt CollectionRecently BuzzFeed ran an article with one of its editors in which she set out to save money over the course of two weeks by only using cash to pay for her necessities and to put her credit card away. During the first week she set a budget of under $60.

Avoid Debts During X-Mas / New Year Season through Wise spending Habits – Some Tips & Tricks


So here are some tips and tricks that can save you some serious money and keep you away from a Debt Collection Company this X-Mas and New Year Season: Set an Affordable Budget for Spending. Collect discount coupons and codes and use them to the maximum to save the maximum on all your festive purchases. If you are a little careful and plan well in advance, you can make sure that you follow your budget strictly which will keep you away from the debt collection companies.

Helping People To Get Results.


The world of business and sales has continually developed over the years and successful companies have gone from trying to aggressively sell their products and services to potential customers to realizing and understanding that it is far more important to help their customers find a solution to their problems. FIRMS is a debt collection company that specializes in helping our customer work through difficult situations. Helping People To Get Results.

CFPB Sues United Holding Group, Its Affiliates, and Its Owners for Illegal Debt Collection Practices

Consumer Finance

The debt collection company and its owners knowingly used third-party collectors that engaged in unlawful and deceptive tactics. Press release Debt collection Enforcement

Mass. AG Reaches $12M Settlement With Collector

Account Recovery

Debt Recovery Tips for Small Business Owners


It takes great skill to collect debt efficiently. This is one of the many reasons choosing to seek the assistance of a debt collection company like us is worth it. To protect your business and the customer, you must navigate a number of legal minefields.

Debunking The Fear of Using B2B Debt Collections

Enterprise Recovery

As a business owner or accounts receivable specialist, you may have some fear around sending an account to a debt collections company. You may also have heard some really bad things about debt collections.

Brown & Joseph Welcomes Mike McClellan

Brown and Joseph

Brown & Joseph/Altus, the leading commercial collections company in the U.S., Articles News Spotlights debt collection news press release

FTC settement bans bogus debt collectors from collections

Public Citizen

An Atlanta-based debt collection company and its owners will be permanently banned from the debt collection industry under the terms of a settlement with the Federal Trade Commission. The FTC's press release is here

Trade 40

CFPB and New York Attorney General Shut Down Debt Collection Ring

Consumer Finance

The Consumer Financial Protection Bureau (CFPB), in partnership with the New York Attorney General, filed a proposed stipulated judgment in federal court to settle its case against a debt collection enterprise and its owners and managers. Press release Debt collection Enforcement

How to Collect Past-Due Customer Payments

Enterprise Recovery

Enterprise Recovery is a debt collections agency that specializes in B2B account recovery. We do our best to recover what's owed to hard-working companies so they can retain working capital and continue their successful business ventures.

Brown & Joseph Welcomes Ellen Reinhardt

Brown and Joseph

ITASCA, IL – Brown & Joseph / Altus, the leading Commercial Collections company in the U.S., is very pleased to announce that Ellen Reinhardt has joined… The post Brown & Joseph Welcomes Ellen Reinhardt appeared first on Brown & Joseph, LLC. Articles News news

TrueAccord Announces Organizational Changes to Executive Leadership Team

Account Recovery

Lenexa, KS – August 3, 2021 – TrueAccord Corporation, a debt collection company offering digital-first and consumer-centric solutions for resolving debts, today announced changes to its executive leadership team to support a planned expansion of products and services.

TrueAccord Announces Results Confirming Effectiveness of Digital-First Retain Product for Early-Stage Delinquencies

Account Recovery




Our commercial debt collection agency is certified by the oldest and most prestigious creditors’ rights association in North America, the Commercial Law League Of America (CLLA).

InDebted Announces Four-Day Workweek, Including Here in U.S.

Account Recovery

InDebted, an Australian debt collection company that is expanding globally, including here in the United States, was already known for doing things differently. Focused on a digital-first approach to collections and eschewing phone calls, InDebted entered the U.S.

Collection Operations Banned From Industry, to Pay $1.2M in Fines

Account Recovery

The Attorney General of New York announced yesterday a settlement with three debt collection companies owned by Andrew Fanelli that will permanently ban them from any future debt collection activities while also paying $1.2

Collector Under Investigation Fighting Seizure of $90k: Report

Account Recovery

Federal prosecutors who are investigating the owner of several debt collection companies that allegedly engaged in illegal collection activities are seeking the forfeiture of more than $90,000 that was seized from the owner’s home by armed agents last year, according to a published media report. The money belonged to Mark M.

Debt Collectors Banned From Industry In Settlement With FTC

Account Recovery

Increasing net returns for the German DCA market


Due to the “Act to Improve Consumer Protection in Debt Collection” law that came into effect last year, the Debt Collection Agencies market in Germany is facing challenges.

CFPB, NY AG Sue Alleged Collection Scammers

Account Recovery

Article Details How Hospitals Are Using Lien Laws to Bill Accident Victims Instead of Their Insurance

Account Recovery

Hospitals across the country are using century-old lien laws to increase their revenue when treating victims of accidents, such as car crashes, by bypassing the discounts that are normally provided to health insurance companies, according to a report in The New York Times.