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

Debt RR

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. Collection agencies for small businesses are third-party establishments that collect overdue payments or funds from default accounts.

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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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Debt collection ensures proper access to consumer credit

American Profit Recovery

Professional collectors provide a critical service to both small businesses as well as nationwide organizations in helping them secure late payments from customers. Without third-party assistance to secure back payments, many organizations would struggle on several levels. Hiring a collection agency as a next move.

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

FFGN COLLECT NY

If the individual owner or tenant owes the receivable and you seek payment from the individual through a debt collector , the CFPB will have a watchful eye. What is the Consumer Financial Protection Bureau? The CFPB is a federal agency designed to ensure that financial companies including debt collectors treat all consumers fairly.

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How To Remove BYL Collection Services From Your Credit Report

Better Credit Blog

It’s all too easy to miss a payment on one of your accounts and put it on the backburner for later. When your debt goes into collections, it’s important to straighten things out quickly. If BYL Collections has been contacting you, the information below can help you move forward. How to Contact BYL Collections.

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Connecticut Issues Cease and Desist Against Lead Generator

Troutman Sanders

(SoLo) for allegedly engaging in unfair, deceptive, and abusive acts and practices (UDAAPs) in violation of the Consumer Financial Protection Act of 2010, as well as for operating in Connecticut without a small loan company license or a consumer collection agency license.

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