Turbo Recovery
MARCH 19, 2018
These are the five ways our company goes the extra mile for our clients. Liquidity Rate Liquidity rate is perhaps the single most important aspect of any debt recovery agency and law firm. The liquidity rate is determined by the collections rate for the files placed with our office.
Collection Industry News
DECEMBER 21, 2020
In January 2009, after a homeowner (“debtor”) fell behind on his homeowners’ association (HOA) dues, a law firm acting as a debt collector for the HOA sent notices to the debtor regarding the unpaid debt. The law firm filed a separate proof of claim for the HOA, and the debtor’s Chapter 13 plan was eventually confirmed.
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Collection Industry News
SEPTEMBER 8, 2020
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. 104/2007/ND – CP, which is prohibited under the Investment Law 2020, lawyers and law firms are able to practice debt collection as a professional field.
Better Credit Blog
APRIL 1, 2022
A third-party collection account on your credit report can knock a big hole in your credit history. If you owe the debt and can pay it, then paying off the collection company is your best bet. These companies charge a monthly fee plus an initial set-up fee, and in return, they do the leg work for you.
FDCPA Defense
JANUARY 28, 2012
Debt buyers are being sued based on the conduct of their agencies and law firms. 2008) (sole member of LLC may be held liable under FDCPA if he plays a significant role in directing the firm’s debt collection activities). 2000) (“[T]he debt collection company answers for its employees' violations of the statute.
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