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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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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

The settlement of debts acquired by either another company or an individual is one of the most common challenges that businesses experience. Collecting debts is time-consuming, especially if the debtor refuses to cooperate. If your business is affected by this kind of situation, it is time to seek help from collection agencies.

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

FFGN COLLECT NY

The Bureau educates, establishes and enforces rules, and has a compliance arm addressing debt collection as it relates to consumer collections. The CFPB regulates debt collection only as it relates to consumer debt. The CFPB handles enforcing violations of federal consumer laws related to debt collection.

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Katabat Platform to Support SoFi Ominchannel Personal Loan Collections

Katabat

SoFi will leverage Katabat’s industry-leading Restore collections platform, to deliver an omnichannel experience for consumer collections. We are delighted that they have selected Katabat’s solution to enhance digital collections by meeting members where they are at,” said Ray Peloso, Katabat CEO. “Our

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

On July 29, the CFPB and the Federal Housing Finance Agency published updated loan-level data for public use collected through the National Survey of Mortgage Originations. The data provides insights into borrowers’ experiences obtaining residential mortgages. For more information, click here.