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What Is a Debt Collector and Why Are They Contacting Me?

Taurus Collect

A debt collector might sound like a character from a Charles Dickens novel, but if you’ve been contacted by one, you know they’re very much a reality of modern financial life. So, what exactly is a debt collector? What Is a Debt Collector? Why Are They Contacting Me?

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What Debt Collectors Can and Cannot Do in Indiana

Sawin & Shea

Have you ever been incessantly contacted by a debt collection agency trying to get money from you? Many individuals experience unwanted contact from debt collectors and are unsure how to approach the situation. Businesses or individuals who collect debts on behalf of others are known as debt collectors.

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5 Things Debt Collectors Are Forbidden to Practice

Taurus Collect

The debt collection industry struggles to get good press. The harmful or illegal actions of a few unprincipled companies have overshadowed the value and importance of debt collection agencies that diligently return money to their actual owners. Pretend To Work For a Government Agency. Threaten To Arrest You.

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HMRC hiring Private Debt Collection firms to collect overpayments

UK debt collections

Private Debt Collection firms being hired The HMRC is hiring private debt collection firms to recover owed monies from universal credit claimants. Debt Collectors are being hired to chase overpayments from universal credit claimants. Many claimants were not at fault or even aware of the overpayments.

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What is Credit Control and How to be a better Debt Collector

Debt Recoveries

Credit control is the process of overseeing and collecting payments that consumers or clients owe your company. Several rules and regulations, including the Privacy Act of 1988, the Australian Consumer Law (ACL), and the Australian Securities and Investments Commision (ASIC) Act of 2001, govern credit control in Australia.

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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. 5: Improper contact or sharing of information.

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Debt Collectors, Payday Lenders Collected Over $500 Million In Federal Pandemic Relief

Collection Industry News

I am reporting a potentially fraudulent credit collection and reporting issue,” said a third. The firm, Capio Asset Servicing, came under investigation last year as part of Operation Corrupt Collector, an enforcement sweep of the debt-collection industry by federal and state officials. “I consider this harassment.”. “I