Remove Collection Companies Remove Debt collector Remove Debt Recovery Remove Lawyers
article thumbnail

Debt Collectors vs Lawyers: Who to Choose for Debt Recovery

Taurus Collect

If you’re in debt, you may be wondering if it’s better to hire a debt collection agency or lawyer to help you recover the money you owe. Both professionals can help you get your debts paid, but there are some key differences between them that you should consider before making a decision.

article thumbnail

How Debt Collectors Work

Taurus Collect

That’s where a debt collections service steps in—a critical intermediary that takes on the task of pursuing delinquent accounts to ensure that owed funds are recovered. Introduction Debt collectors, often viewed with a mix of apprehension and uncertainty, play a significant role in the credit economy.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Why Do Debt Collectors Check Your Credit Report?

Taurus Collect

Are you being contacted by debt collectors? It can be tricky trying to deal with a debt collection agency , but understanding why and how they check your credit score is the key to regaining control of the situation. This allows debt collectors to assess the risk associated with extending you credit or initiating a loan.

article thumbnail

Is Legal Action Better than Debt Collection?

Debt Recoveries

A lot of clients in need of debt collection assistance could be undecided about using commision-based debt collection or legal action. There are several things to think about when deciding between commision-based debt collection and legal action. The post Is Legal Action Better than Debt Collection?

article thumbnail

Concerns over prohibition against debt collection service

Collection Industry News

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. In addition to debt collectors operating under Decree No. The recovery process is properly conducted with costs and plans prescribed by laws.

article thumbnail

Tax Season Debt Collection Strategies and Why They Matter

Taurus Collect

But while it can be exciting to think about that refund cheque hitting your bank account soon, there’s another equally pressing reason why you should pay attention this tax season – debt collection! However, dealing with debt collectors can be intimidating if you don’t know how to handle them properly.

article thumbnail

Insurance Claims Recoveries-Insource or Outsource?

Debt Recoveries

The vehicle’s repairs can then be reclaimed or collected from the responsible party. Internally or externally, by a debt collection company, this recovery or debt collection might be done. . The majority of respectable insurance recovery firms will have their own legal department.