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8 reasons why businesses rely on debt collection agencies

American Profit Recovery

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.

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Questions to ask a commercial collection agency before hiring

American Profit Recovery

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.

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Collection Agency for Construction Equipment Rental

Nexa Collect

Dealers of heavy construction equipment, like Bobcat , Kubota Center, and John Deere , forward accounts to a collection agency after their own reminders and requests to pay have failed. An experienced collection agency that has extensive experience in commercial collections is a perfect choice. Contact Us.

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The Importance of Collection Agencies for Small Businesses Affected by Default Accounts

Debt RR

Collecting debts is time-consuming, especially if the debtor refuses to cooperate. Due to the frustration they encounter when collecting debts, they may resort to outsourcing the debt collection process to a collection agency for small businesses. How Collection Agencies Help Small Businesses.

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4 consumer myths about debt collections DEBUNKED

American Profit Recovery

Just about everyone who works in the debt collection industry fully understands that it can be an uncomfortable situation as a consumer being sent to collections. No consumer wants to be in debt and struggling to pay their bills. Consumers do not want to have their accounts sent to a collection agency.

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Connecticut Banking Regulator Reduces Fine Against Defunct Collection Firm

Troutman Sanders

The Commissioner alleged in the order that the firm had acted as a consumer collection agency in Connecticut without a consumer collection agency license, in violation of § 36a-801(a) of the Connecticut General Statutes. The firm had 14 days to request a hearing, but failed to do so.

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What Does the CFPB Have to Do With My Debt Collection Claim?

FFGN COLLECT NY

Contact you at work if the debt collector knows or believes your employer prohibits personal calls. The Bureau educates, establishes and enforces rules, and has a compliance arm addressing debt collection as it relates to consumer collections. The post What Does the CFPB Have to Do With My Debt Collection Claim?