article thumbnail

Lawyer vs. Debt Collection Company: Which Should I Use?

Taurus Collect

Read on to know some factors you should consider when hiring a professional to help you collect your business debts. When hiring a debt collection agency, make sure to do your research and find someone who is the best in this field. Experience. You can also ask them detailed questions and check references from their past clients.

Lawyers 52
article thumbnail

Why would the New York State Attorney General pursue a Debt collection company?

FFGN COLLECT NY

That would include pursuing a Debt collection company that acts deceptively and fraudulently. Some Debt collection companies act wrongly and engage in Fraudulent and deceptive behaviors. Some Debt collection companies act wrongly and engage in Fraudulent and deceptive behaviors.

Insiders

Sign Up for our Newsletter

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

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. Here’s a quick overview of debt collectors vs lawyers to help you choose the right person for your situation. Do you enlist debt collectors or lawyers in Norwich, UK?

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. A debt collector and lawyer who focuses on debt collection advises clients to pursue payment of their obligations as soon as possible since the longer they wait, the more difficult it will be to do so.

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! These companies typically employ several tactics in order to recover debt, including phone calls, emails, letters, and even legal action.

article thumbnail

How Debt Collectors Work

Taurus Collect

This contingency-based approach means that some debt collection companies do not charge the creditor unless they are successful in recovering the delinquent funds. Transparency Requirements : Agencies must clearly communicate with debtors, providing transparent information about the debt and the collection process.

article thumbnail

Concerns over prohibition against debt collection service

Collection Industry News

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. However, approaches to recover debts between lawyers and collecting firms are obviously different. Debt collection service” is disguised after being banned.