article thumbnail

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.

article thumbnail

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.

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 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.

Debtor 52
article thumbnail

FIRMS: A Better Debt Collection Company

Firms

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.

article thumbnail

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.,

Lawyers 52
article thumbnail

When and How to Hire a Debt Collection Company

Firms

At FIRMS we realize that some of our potential clients have never worked with a debt collection company before. When to hire a collection agency. Most companies send accounts to a collection agency when they are between 90 and 120 days past due. Generally, it’s time to start thinking about hiring a collection agency if: New customers do not respond to your first attempt to collect the debt. Choosing a collection agency.

article thumbnail

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.

article thumbnail

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.

article thumbnail

FIRMS – The difference maker in your collections!

Firms

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.

Debtor 40
article thumbnail

What our clients say about FIRMS.

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.

article thumbnail

Top Complaints Of A Debt Collection Agency

Firms

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.

article thumbnail

Customer Interview

Firms

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.”.

article thumbnail

Saving For An Emergency

Firms

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.

article thumbnail

How To Save Money With Cash

Firms

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.

article thumbnail

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

Firms

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.

article thumbnail

Helping People To Get Results.

Firms

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.

article thumbnail

TrueAccord Joins the Visa Fintech Partner Connect Program

Account Recovery

8, 2022 — TrueAccord Corp, a debt collection company using machine learning-powered digital recovery solutions to improve consumer experience, today announced it joined the Visa Fintech Partner Connect program. LENEXA, Kan.,

article thumbnail

Mass. AG Reaches $12M Settlement With Collector

Account Recovery

article thumbnail

Lack of Jurisdiction Leads EDPA Judge to Grant MTD in FCRA, FDCPA Case

Account Recovery

article thumbnail

Collection Operations to Forgive $23M in Debts Under Enforcement Order with N.C. AG

Account Recovery

Judgment 207
article thumbnail

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.

article thumbnail

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

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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

Account Recovery

LENEXA, Kan.,

Creditors 207
article thumbnail

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

article thumbnail

Debt Collectors Banned From Industry In Settlement With FTC

Account Recovery

article thumbnail

CFPB, NY AG Sue Alleged Collection Scammers

Account Recovery

article thumbnail

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.

article thumbnail

N.M. AG Sues Collection Agencies

Account Recovery

AG Sues Collection Agencies appeared first on AccountsRecovery.net.

article thumbnail

Debt Recovery Tips for Small Business Owners

JMA

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.

article thumbnail

Judge Issues Contempt Order for Agency CEO For Failing to Respond in FDCPA Suit

Account Recovery

A District Court judge in New Jersey has cited the principal of a debt collection company for contempt of court for failing to respond to a proposed class action lawsuit and pay a default judgment of $7,671.50

article thumbnail

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