Nexa Collect

JULY 28, 2020

None of these situations are amenable to fast debt recovery. Companies will generally try to collect on their outstanding accounts internally before passing their most egregious cases on to an external debt collection agency. Are collection agencies effective enough to warrant their fees?

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JMA

MARCH 21, 2024

In this article, we have put together essential information on navigating the regulated environment of debt collection Queensland, from understanding your legal rights to enforcing debt recovery and choosing a reliable collection agency. We give you actionable insights and clear, no-nonsense advice to.

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Nexa Collect

JUNE 21, 2023

Debt collection agencies are subject to various data security rules and regulations to protect consumer information. Fair Debt Collection Practices Act (FDCPA) : While primarily focused on the practices and behaviors of debt collectors, the FDCPA also contains provisions that protect consumers’ personal information.

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Nexa Collect

FEBRUARY 15, 2023

It is common for collection agencies to charge an onboarding fee to their new customers. However, a few good collection agencies with nationwide coverage waive their setup fee from time to time. Contact us if you need a collection agency with the following features. No setup fee and no hidden charges.

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Nexa Collect

FEBRUARY 9, 2023

Rather than waiting for a few months and writing off the debt, it is better to hire a collection agency on time and recover the maximum money possible. A good collection agency should be an expert in your area and must provide references of other lumber companies they have surved.

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Nexa Collect

JANUARY 25, 2023

Business and medical professionals seeking to hire a collection agency always wonder if the agency they hire is ethical or if it may damage their reputation. Here are some valuable tips on how collection agencies can maintain a good reputation online and offline.

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Nexa Collect

JANUARY 16, 2023

Need a collection agency that can quickly work on your outstanding invoices? Therefore, getting paid at the earliest should be your priority before they use their money on other necessities or decide to make other payments before paying you. Contact us.

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Nexa Collect

MARCH 13, 2023

Large clients often assign hundreds ( even thousands) of accounts to a collection agency in one go. Suppose a client submits a batch of 1000 accounts to the collection agency. At least a few hundred concerned debtors will begin calling the client directly ( to pay, dispute the debt, complain, or other reasons).

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Taurus Collect

DECEMBER 18, 2023

This is where a commercial debt collection agency comes into play. One of the key trends in this industry is the ‘no collection no fee debt collection’ approach, a cost-effective solution for businesses grappling with unpaid debts. Stay tuned as we delve into this crucial topic.

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Nexa Collect

JANUARY 6, 2022

Outsourcing collections to a professional debt collector raises the probability of getting paid by many folds. Your defaulters know that a collection agency will not go away quickly and will employ every tactic and legal means available to recover the debt. Need a good collection agency?

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Nexa Collect

AUGUST 17, 2022

You can legally hire more than one collection agency at a time, provided you do not assign the same account to multiple collection agencies. If one debtor starts getting contacted by different agencies, you can be sued for harassment. . However, hiring more than one collection agency will be very hard to manage.

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Nexa Collect

JUNE 23, 2023

Collection agency letters can impact debtors, depending on factors such as the debtor’s financial situation, emotional state, and knowledge of their rights and responsibilities. Here are some potential impacts: Stress and Anxiety : Receiving a letter from a collection agency can cause significant stress and anxiety for debtors.

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UK debt collections

APRIL 12, 2022

A big spike in Debt Recovery action is expected following the end of temporary measures introduced by the government to help bolster Small Businesses during the pandemic. In the coming months, it is expected that a lot of companies will be needing debt recovery help to recover what they are owed.

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Nexa Collect

JULY 13, 2021

Construction equipment companies have an ongoing requirement for debt collection from businesses (and sometimes individuals) who do not pay the agreed-upon rental dues on time. An experienced collection agency that has extensive experience in commercial collections is a perfect choice. Contact Us.

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Nexa Collect

JUNE 21, 2023

If you ignore a debt collection agency, several potential consequences could affect your financial well-being and peace of mind: Persistent Contact : Debt collection agencies might persist in attempting to contact you through phone calls, letters, and possibly emails. This can be stressful and disruptive.

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UK debt collections

MARCH 16, 2022

An efficient Business Debt Recovery service can help make or break a company. They may see a third party debt collection agency as a threat to their position or their ego’s may come into play. Due diligence is essential for any Business looking for a reputable Debt Collection Agency that delivers results.

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Nexa Collect

MARCH 26, 2022

The first step in shortlisting a collection agency is to ask them to submit a Request-For-Proposal (RFP) so that you can pick the best collection agency at the best price. Is your collection agency nationally licensed or not? (If Do you provide monthly collection status reports for all accounts?

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Nexa Collect

NOVEMBER 26, 2022

As per FTC, starting June 9, 2023 all collection agencies will be treated as financial institutions. This means all collection agencies must secure consumer data nearly the same way as banks. Failure to comply with GLBA can have severe consequences for the collection agency, especially the owners and/or the CEO.

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Nexa Collect

MAY 16, 2021

A collection agency can work with your employee professionally and legally to ensure that you get your money back. Their recovery efforts will include sending demand notices, calls from a professional debt collector, and if the amount is substantial, then forward that account to an experienced attorney. Contact us.

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Nexa Collect

FEBRUARY 3, 2022

An average collection agency will recover about 20% of the total debt assigned. Some clients may get a 100% recovery rate, for others it could very well be 0%. Here are the most important factors which decide how much a collection agency will collect for you: 1.

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Nexa Collect

FEBRUARY 26, 2021

It is fairly common in the breeders’ industry to assign past-due accounts to a debt collection agency. The involvement of a third-party agency does the trick in most cases. Looking for a collection agency : Contact us. Most agencies will work on contingency-based fees only.

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Nexa Collect

MARCH 12, 2021

Debt collection agencies in PR include Kinum , TSI , CICA, ILCA and Professional recoveries. Spanish and English-speaking debt collectors are required for Puerto Rico debt collection. Need a Collection Agency in PR? Local debt collectors ). Contact us. 10, § 981p). 981p (12)).

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Taurus Collect

OCTOBER 30, 2023

If you find yourself in this predicament, it might be time to consider engaging the services of a third-party collection agency. One popular model attracting businesses is the ‘debt collectors no win no fee’ approach, which ensures that you only pay when the agency successfully recovers your debts.

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Taurus Collect

OCTOBER 30, 2023

Understanding the art of debt collection can be a challenging task for any business, especially when the debtor refuses to pay despite many reminders. In such situations, engaging a collections agency becomes inevitable. The Late Payment of Commercial Debts Act (1998) is one crucial law that you should be well-versed in.

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Nexa Collect

JULY 1, 2021

The involvement of a collection agency changes the perception of your delinquent customers. They would rather pay to avoid all the collection hassles which they will experience in the days to come. A collection agency can even report this unpaid debt on credit history too which can have serious implications for the consumer.

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UK debt collections

APRIL 14, 2022

If you’re running a Business and searching for a debt collection agency (DCA), it is essential you choose the right solution. As with any Business sector, not all debt collection agencies are equal. Cheap is not cheerful as with any type of service, debt recovery or otherwise.

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Taurus Collect

JANUARY 10, 2024

Navigating the terrain of unpaid business debts can be a formidable challenge for many businesses. In such circumstances, resorting to a commercial debt collection agency becomes not just an option, but a necessity. A popular choice among UK businesses is a “ No Cure No Pay ” debt collection service.

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Nexa Collect

JANUARY 24, 2022

The best time to assign an account to a collection agency is when the debt is right around 90 days past due. or your patient’s mind, in case of medical debts). A collection agency will typically recover 75% of your money when the account is assigned at 90 days. Need a cost effective collection agency?

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Nexa Collect

JUNE 28, 2022

Collection agencies offer two types of collection services to their clients. In the Fixed fee service a collection agency sends multiple written demands only. In the Contingency service one written debt validation notice is sent followed by collection calls from an experienced debt collector.

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UK debt collections

JULY 29, 2022

In a meeting of the West Midlands Ambulance trust board (WMAS), members agreed to write off a whopping £339,000 owed to the service detailed in a report following debt recovery failures. As reported in the Shropshire star, TNC Debt Collection Agency had provided a no win no fee debt collection service to the Ambulance trust.

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Nexa Collect

DECEMBER 27, 2020

It is a common practice for police and regional transport authorities to hire a collection agency to recover these unpaid debts. Need a Collection Agency for Unpaid Tickets? Courts and law enforcement agencies charge the original fine plus late penalties once an account is forwarded to collections.

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Nexa Collect

JANUARY 12, 2022

If you plan to outsource your accounts receivable to an aggressive collection agency, then kindly read this article and be aware of all the risks you are taking. An aggressive collection call in fact does precisely the opposite you are trying to achieve.

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Taurus Collect

APRIL 4, 2023

Do you have an international business or enterprise and have been struggling to find success in your debt recovery efforts in the UK? There is no need for concern, as with proper planning and use of workflow systems, any enterprise can establish a strong foothold when seeking payment on debts owed.

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Nexa Collect

OCTOBER 2, 2020

Not getting paid on time can quickly restrict your cash flow, that’s why hiring a collection agency when an account is 60 days past due is absolutely the right choice. A collection agency can offer a flat-fee collection package or contingency based collections. Need a Collection Agency?

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Taurus Collect

FEBRUARY 23, 2023

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. Both professionals can help you get your debts paid, but there are some key differences between them that you should consider before making a decision.

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Taurus Collect

JULY 17, 2023

If you’ve tried every option possible to collect the money owed, it may be time to seek help from a collection agency. Read along for an in-depth breakdown of how it works, as well as insight into saving both time and money by utilising the best practices when collecting past-due rent.

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Nexa Collect

JULY 2, 2020

Need a Collection Agency for your Lab: Contact us. What causes these debts? . Many factors can cause these debts from the patient’s end but there are a few specific things about medical testing lab bills specifically that make them difficult. Written Notices sent by a Collection Agency.

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