Account Recovery

MARCH 14, 2025

A collection operation in Indiana that was the subject of a Consumer Financial Protection Bureau enforcement order back in 2023 has closed its doors for good, leaving nearly 100 employees looking for work. The collection agency may be associated with a debt buying operation that also recently shut its doors.

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Collection Agencies Collections Agency Collections Debt Buying 130

Account Recovery

DECEMBER 17, 2021

At each CCA of … The post Commercial Collection Agencies of America Gives Back appeared first on AccountsRecovery.net.

Commercial Collection 246

Commercial Collection Collection Agencies Collections Agency Collections 246

American Profit Recovery

NOVEMBER 14, 2023

Many small businesses and larger organizations rely on the expertise and efforts of third-party collection agencies every day. Collection agencies are recovering substantial amounts of consumer debt and helping those businesses drastically improve much needed cash flow. And for good reason. Check out our thoughts here.

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Collections Agency Collection Agencies Collections Debt collector 261

Account Recovery

JULY 8, 2022

A collection agency based in Colorado was the victim of a ransomware attack that affected more than 650 of its healthcare clients, according to published reports.

Collection Agencies 245

Collection Agencies Collections Agency Collections Healthcare 245

American Profit Recovery

AUGUST 19, 2024

Why should my business use a collection agency? The fact is there are enormous benefits to outsourcing your debt collections for a small business and even a larger organization. Having a reputable debt collection agency represent your business is one of the smartest moves you can make.

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Collections Agency Collection Agencies Collections Debt collector 264

Account Recovery

JANUARY 7, 2022

Commercial Collection Agencies of America has elected its new Board of Directors and has announced the slate of officers of the organization. Board members include Pete Roth of CST Company, Fred Wasserspring of Lyon Collection Services, Inc., David Herer of ABC-Amega, Inc., David Herer of ABC-Amega, Inc.,

Commercial Collection 246

Commercial Collection Collection Agencies Collections Agency Collections 246

Account Recovery

NOVEMBER 8, 2021

The Department of Education last week notified the private collection agencies it had been using to help recover payments on defaulted student loan debts that it would no longer be placing accounts with them. Cancels Contracts With Private Collection Agencies appeared first on AccountsRecovery.net.

Collection Agencies 246

Collection Agencies Collections Agency Student Loans Student loans 246

American Profit Recovery

FEBRUARY 9, 2023

A commercial collection agency is an agency that works to resolve debt between two businesses. Commonly known as B2B debt collections, it’s the process of mediating financial disputes and overdue invoices owed to a commercial client. You will preserve future revenue by hiring the right commercial collection agency.

Commercial Collection 244

Commercial Collection Collections Agency Collection Agencies Collections 244

Account Recovery

APRIL 4, 2022

The plan to use private collection agencies to collect on debts owed to the Internal Revenue Service has brought in less than half of the estimated funds that were projected to be collected, according to a report from the Treasury Department, while also revealing that the IRS as underreported how much it is costing to … The post Private Collection (..)

Collection Agencies 246

Collection Agencies Collections Agency Collections 246

Account Recovery

DECEMBER 2, 2022

A Washington-based collection agency has reported a data breach to the Attorney General of Maine after being the target of a ransomware attack last year that compromised the personal information of more than 3 million people, according to published reports. Collection Agency Impacts 3.7M Collection Agency Impacts 3.7M

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Collections Agency Collection Agencies Collections 245

Enterprise Recovery

APRIL 10, 2024

Many companies often turn to professional debt collection agencies for assistance when this happens. Before you hand over your delinquent accounts to a collection agency, it's important to understand their role and how they can help your business.

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Collection Agencies Collections Agency Collections 222

American Profit Recovery

NOVEMBER 17, 2023

When you’re in the process of hiring a debt collection agency for your organization, there are no doubt many questions on your mind. Hiring a new agency for your business can be a big step because of the important role they play in the overall health of your business. Check out some of these questions and the reasons why.

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Collections Agency Collection Agencies Collections 258

American Profit Recovery

OCTOBER 18, 2023

This is where Business-to-Business (B2B) collection agencies come into play. However, the relationship between a collection agency, its clients, and their customers can be delicate. Keeping your customer relationship intact should be a major focus of how that collection agency operates.

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Collections Agency Collection Agencies Collections Manufacturing 262

American Profit Recovery

FEBRUARY 7, 2023

What type of results should I expect from using a collection agency for my business? If your organization has made the decision to move forward on hiring a debt collection agency, you’ll be asking some common questions. What does the agency need from us? It’s a common question. How does the process work?

Collections Agency 245

Collections Agency Collection Agencies Collections 245

Account Recovery

AUGUST 23, 2022

The Colorado Attorney General’s Consumer Credit Unit last week published new guidance related to the enactment of a law governing remote work for licensed lenders while also noting that the guidance originally enacted at the start of the pandemic in 2020 remains in effect for entities not covered by the new law, including collection agencies, (..)

Collections Agency 246

Collections Agency Collection Agencies Collections Consumer Credit 246

American Profit Recovery

MARCH 1, 2023

Communication is your best strategy with debt collectors Never hesitate to pick up the phone when a collection agency calls. Having that first phone call with a debt collection professional can lay the groundwork for having one less thing to worry about and eventually paying off your financial obligations.

Collection Agencies 244

Collection Agencies Collections Agency Debt collector Collections 244

Account Recovery

AUGUST 10, 2022

Months after filing a lawsuit accusing a hospital network of “aggressively” seeking to collect $70 million from individuals who were eligible for charity care, the Attorney General of Washington has expanded his lawsuit to include a pair of collection agencies that allegedly failed to inform individuals about their eligibility.

Collection Agencies 246

Collection Agencies Collections Agency Collections Healthcare 246

American Profit Recovery

MAY 31, 2022

Choosing a third-party collection agency Is a big step for some businesses. Many businesses have tried various tactics and strategies using internal resources, but there comes a time when you need to seek outside help for collections. A collection agency should understand respect and dignity. Here are just a few.

Collections Agency 246

Collections Agency Collection Agencies Collections Debt collector 246

American Profit Recovery

JULY 21, 2022

If your business has thought about hiring a collection agency to improve cash flow, but has never made a firm decision, you’ll want to listen up. Before you hire a collection agency. But it is an important step and getting paid on time and laying the groundwork for collection activity for non-payers.

Collection Agencies 246

Collection Agencies Collections Agency Collections Debt collector 246

American Profit Recovery

JULY 19, 2022

Most people understand the basic concept of a collection agency. Customers do not pay, and your business sends those accounts to that agency for further activity. However, other important benefits come with hiring the right debt collection agency that you may not be aware of.

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Collections Agency Collection Agencies Collections Debt collector 235

American Profit Recovery

APRIL 22, 2022

Here are just a few reasons why a well-run medical practice needs to have a medical debt collection agency by its side. We manage medical debt collections across the country for various sizes of practices and one thing we see especially in smaller medical practices is the need for external resources to keep up with cash flow.

Collection Agencies 241

Collection Agencies Collections Agency Healthcare Collections 241

American Profit Recovery

SEPTEMBER 14, 2022

Before your business decides it’s not a good idea to use a collection agency or you simply cannot afford it, we have a few pieces of advice you should consider before shutting the door on getting third-party help. There is much more to consider before you decide not to use a collection agency to improve your cash flow.

Collections Agency 245

Collections Agency Collection Agencies Collections 245

American Profit Recovery

OCTOBER 11, 2022

Keeping track of the compliments that consumers have provided our debt collection team and others here on the staff has provided tremendous value and how we operate as a collection agency. There are several reasons why part of our collection team’s job is maintaining a record of the compliments received.

Collection Agencies 245

Collection Agencies Collections Agency Collections Debt collector 245

Account Recovery

FEBRUARY 8, 2022

The Debt Collection Licensing Act in California has been in effect for a month and already changes are being proposed, in the form of expanding the definition of what constitutes a collection agency.

Collections Agency 243

Collections Agency Collection Agencies Collections 243

Account Recovery

OCTOBER 13, 2022

A healthcare provider and the collection agency working on the provider’s accounts are facing a class-action lawsuit alleging they violated a recently enacted state law in New Mexico by engaging in debt collection activities before verifying whether the incomes of those patients protected them from such activities.

Collections Agency 244

Collections Agency Collection Agencies Healthcare Collections 244

Account Recovery

JULY 14, 2022

AG in Anti-Spoofing Lawsuit appeared first on AccountsRecovery.net.

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Collection Agencies Collections Agency Collections Judgment 246

Account Recovery

APRIL 18, 2022

A company accused of allegedly laundering money for debt collection firms has relinquished its claim to nearly $400,000 that was seized by government prosecutors who are seeking to crack down on fraud and illegal debt collection activities by companies in Western New York, according to a published report.

Collection Agencies 244

Collection Agencies Collections Agency Collections Government 244

Account Recovery

JANUARY 10, 2023

Middleboro, MA, January 9, 2023 – Action Collection Agencies, Inc. O’Brien as its Executive Vice President/Chief Operations Officer overseeing the operations of its first and third party collections services. “I … The post Action Collection Agencies, Inc. The post Action Collection Agencies, Inc.

Collections Agency 246

Collections Agency Collection Agencies Collections 246

Account Recovery

APRIL 27, 2022

A battle between a failed partnership between a creditor and a collection agency has spilled over into the Court of Appeals for the Eleventh Circuit, with a panel of judges yesterday affirming a lower court’s decision not to award the creditor attorney’s fees after it accused the agency of breaching the terms of their agreement … (..)

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Collections Agency Collection Agencies Collections Creditors 246

Account Recovery

NOVEMBER 17, 2021

GEORGE, UTAH, NOVEMBER 16, 2021 — TCN, Inc.,

Collections Agency 246

Collections Agency Collection Agencies Collections 246

Account Recovery

JULY 14, 2022

Getting to Know Erin Stewart from SuccessKPI; Collection Agency Beats S.C. Perhaps that explains her meteoric rise through the ranks of the industry in just eight short years. Read on to learn more about … The post Daily Digest – July 14. AG in Anti-Spoofing Case appeared first on AccountsRecovery.net.

Collections Agency 246

Collections Agency Collection Agencies Collections 246

American Profit Recovery

JANUARY 9, 2025

Debt collectors must also understand the guidelines that are dictated by the Consumer Financial Protection Bureau which outline measures to avoid deceptive or unfair collection practices. Debt collection professionals are also trained in state collection laws. It is a must-have in any collection agency.

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Debt collector Collections Agency Collection Agencies Collections 253

Account Recovery

OCTOBER 10, 2024

A District Court judge in Virginia has dismissed the majority of claims against several defendants in a Fair Debt Collection Practices Act class-action lawsuit, but allowed one key claim against a collection agency to proceed.

Student Loans 246

Student Loans Student loans Fair Debt Collection Collections Agency 246

Account Recovery

JANUARY 10, 2025

ACA International, alongside Specialized Collection Systems, yesterday filed a lawsuit against the Consumer Financial Protection Bureau in the District Court for the Southern District of Texas.

Collection Agencies 130

Collection Agencies Collections Agency Credit Unions Credit Unions 130

Account Recovery

MAY 28, 2025

A bill is on the desk of Illinois Governor JB Pritzker that would allow victims of coerced debt to fill out a form that would be submitted to a collection agency and would then prohibit the agency from attempting to collect on the debt.

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Collections Collections Agency Collection Agencies Debtor 130

Account Recovery

MARCH 6, 2025

The Washington State Attorney General’s office has filed a lawsuit against a collection agency, accusing it of failing to comply with state law by not disclosing consumers’ rights regarding medical debt information.

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Collections Agency Collection Agencies Legal Rights Collections 130

American Profit Recovery

NOVEMBER 20, 2024

Indications it’s time to utilize the services of a collection agency Once you are aware of the red flags of negative cash flow and downward trends, it’s important for you to get much more assertive with your efforts to improve your cash flow. For many small businesses, that’s using the right collection agency.

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Collections Agency Collection Agencies Debt collector Collections 200