Remove Collection Companies Remove Creditors Remove Debtor Remove Trade
article thumbnail

Concerns over prohibition against debt collection service

Collection Industry News

Entities are performing debt collection activities. Debt collection means requiring debtors to pay creditors outstanding due or overdue amount or property as obligated by a contract or by a decision of a competent State’s authority. Creditors must have a legal basis and a set of evidence debt payment demand.

article thumbnail

How to Make Debt Collection Easier Today

Credits Inc

7,837 debt collection companies. That being said, there is still a significant need for agencies that can help creditors collect on delinquent debts. That being said, there is still a significant need for agencies that can help creditors collect on delinquent debts. debt collection and recovery services.

Insiders

Sign Up for our Newsletter

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

article thumbnail

3 Tips for Hiring a Debt Collection Agency

National Service Bureau

In reality, debt collection agencies are the most useful means to get someone who has a legitimate contractual obligation to make good on their promise so that the honest businessman (perhaps yourself or your company) on the other side of the trade doesn’t get left holding the bag. Research the Company. Compare Costs.

article thumbnail

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

Collection Industry News

Twenty-five have been subject to legal enforcement or consumer alerts, many by the CFPB and the Federal Trade Commission. Giving these companies government money was a terrible idea,” said Don Yarbrough, a lawyer in Fort Lauderdale, Fla., who represents debtors in collection cases. Andrew Harnik/AP).