Surge in Landlords seeking Rent Arrears Debt Collection

UK debt collections

There has been a significant increase in the number of landlords seeking rent arrears debt collection action to recover lost rent, according to eviction firm Landlord Action. CCJ’s Court Orders and Fines until the landlord attempts to enforce the judgement by way of unpaid CCJ Debt Collection.

Best reasons to use a Debt Collection Agency in 2022

UK debt collections

Whilst the UK struggles to recover from the pandemic , its never been a better time for Businesses to use a Debt Collection Agency. Debt Collection Agencies do not just act for Businesses, there are many Debt Collection Agencies for individuals also.

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Top 5 Small Business Debt Collection Tips

UK debt collections

Small Business Debt Collection has never been more important as the UK economy continues to recover from the pandemic. Small Business Debt Collection is growing across the UK. Leading UK Debt Collection Agencies.

Companies struggling with B2B Debt Collection

UK debt collections

UK Companies are struggling with their B2B Debt Collection according to recent research. Since the pandemic, key contact details have often changed but failed to be updated on companies systems rendering b2b debt collection efforts fruitless.

HMRC asks for help ‘modernising’ its business debt collection

UK debt collections

The HMRC has surprising made a public statement asking for advice on modernising its Business Debt Collection methods. The statement issued a couple of days ago is asking for suggestions and advice on improving its current methods of tax debt collection from Businesses in the UK.

Non-Binding Mediation in Debt Collection

FFGN COLLECT NY

Some creditors voluntarily decide to participate in mediation for debt collection. As such, it’s important to understand how non-binding mediation can affect your overall debt collection case. Mediation for Debt Collection. Debt Collection Mediation

Debt Collection quotes and what you should look for

UK debt collections

Getting Debt Collection quotes is on the rise in the UK as is the use of debt collection agencies. The first Debt Collection quotes site in the UK was launched in 2013. Best4debtcollection.co.uk (Best4) was launched to marry creditors with suitable debt collection agencies.

HMRC facing pressure to improve Debt Collection

UK debt collections

Sushil Patel, Director of Restructuring Advisory at Kroll, has explained how this may impact the collection of debt in a period of financial recovery for the UK. HMRC had some headroom, due to a decrease in revenue losses (which occur when HMRC formally cease collection activity) from £4.08

Dealing with Debt Collection in France

UK debt collections

French debt collection agencies are particularly prevalent due to the country’s strong economic dependence on Small Businesses and Medium enterprises. Recovering business-to-business debts (B2B) takes on considerable importance for debt collection attorneys across France.

Courts close rogue Debt Collection Agency

UK debt collections

The High Court has shut down a rogue Debt Collection Agency it has emerged. The Debt Collection Agency spuriously claimed to be able to collect debts from liquidated companies. The scam debt collection firm had been using a bank account that was not in its own name.

Swiss Government takes debt collection action over unpaid fees

UK debt collections

The Swiss government has started debt collection proceedings to recover almost half a million francs spent on Covid repatriations. Swiss authorities have begun debt collections against people who were flown back to the country at the government’s expense at the start of the pandemic. .

Debt Collection from Russia just got even harder

UK debt collections

Collecting debt has always presented its own challenges for the UK’s Debt Collection industry. Businesses seeking debt collection from Russia will no doubt be hoping for a quick resolution to the ongoing Ukraine crisis.

Small Business Debt Collection action ‘imperative’

UK debt collections

New figures released show that Small Business Debt Collection is needed more than ever. Small Business Debt Collection action. There are very professional debt collection solutions available” “We deal with all matters in a highly sensitive and Professional manner.

House Passes Debt Collection Reform Bill

Account Recovery

2547, the Comprehensive Debt Collection Improvement Act, a collection of bills aimed at reforming how debts are collected in the United States. Maxine … The post House Passes Debt Collection Reform Bill appeared first on AccountsRecovery.net.

Late payment: Small Businesses must act says Debt Collection Expert

UK debt collections

This sentiment was echoed by Chris Spencer from leading Business Debt Collection Agency Federal Management. Debt Collection Agencies in the UK have collected millions in unpaid invoices on behalf of Small Businesses.

Could my business use a collection attorney?

Collections Law

Perhaps your own business is trying to struggle through collecting overdue payments and you are wondering if there is something more you can do. Cohen LLC, we have been helping businesses collect overdue payments since 1994, and we can help you make that decision.

7 Small Business Debt Collection telephone tips

UK debt collections

With unpaid invoices stalling post-covid financial recovery for many small businesses, we have complied a list of 6 top small business debt collection tips. Many of them could have been saved if they had only took pro-active action to collect what was owed.

4 Ways To Remove Collections From Your Credit Report

Better Credit Blog

A collection account will lower your credit score and can generally stay on your credit report for up to seven years. To be clear, you can pay a collection and still have it shown on your credit report. The credit reporting bureaus can just change the account to a “paid collection.”.

25 Companies Seeking Collection Talent

Account Recovery

This is merely meant … The post 25 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

Merchant Cash Advance Agreements and Debt Collection

FFGN COLLECT NY

When there is a default on these agreements, the lender must pursue the borrower through debt collection in New York. If you need assistance navigating debt collection matters following a merchant cash advance agreement, message us for a consultation. New York Debt Collection

Banks hire 100’s of Debt Collection Agents ahead of Covid Loan repayments

UK debt collections

The UK’s leading High Street banks are strengthening their Debt Collection teams ahead of the emergency covid loan defaults. The UK’s four largest banks are said to have hired over 750 new Debt Collection staff to their debt recovery units in a major challenge facing them.

Council creates new Debt Collection service

UK debt collections

A new debt collection service has been launched by Barking & Dagenham Council. The Debt Collection service has been launched to reduce the need for enforcement action. The council had previously relied on enforcement to collect unpaid council tax.

House Preps Vote on Key Debt Collection Bill

Account Recovery

A published … The post House Preps Vote on Key Debt Collection Bill appeared first on AccountsRecovery.net. 2547 Non-Judicial Foreclosure Debt Collection Clarification Act Private Loan Disability Discharge Act of 2021 Rep.

Flipping the Script: Collecting with Kindness

True Accord

The idea of compassionate, considerate consumer communication is behind TrueAccord’s approach to debt recovery and drives our innovation, and based on what we’ve seen, we believe there’s a lesson to be learned for others in the debt collection space.

CFPB Updates Debt Collection Examination Procedures

Account Recovery

Earlier … The post CFPB Updates Debt Collection Examination Procedures appeared first on AccountsRecovery.net. Compliance Debt Collection Examination Procedures

Why ‘Free Debt Collection’ can cost too much

UK debt collections

We are all familiar with the terms No win no fee debt collection or free debt collection but what is the real story here. Seemingly ‘cheap’ debt collection services are not always the way to go as it could cost you a lot more than you think.

Pre- vs. post-judgment collections: What is the difference?

Collections Law

When it comes to collecting commercial debt, you have many options. The experienced commercial collection attorneys at Law Offices of Alan M. Cohen LLC have been helping businesses successfully collect outstanding debt since 1994. How do you collect after the judgment?

Residential Debt Collection Visits set to resume

UK debt collections

Debt Collection enforcement visits to residential properties in the UK have been given the green light to resume from the 24th August. Collecting Unpaid CCJ’s is a headache facing many creditors as a result of the pandemic.

25 Companies Seeking Collection Talent

Account Recovery

This is merely meant … The post 25 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

How to Collect Past-Due Customer Payments

Enterprise Recovery

Enterprise Recovery is a debt collections agency that specializes in B2B account recovery. We also educate on the best practices required to collect those debts before turning to a professional debt collections company.

Utah Making Changes to Debt Collection Litigation Process

Account Recovery

General News Debt Collection Litigation Pew Charitable Trusts Utah Bar Foundation

The Impact of the CFPB’s Debt Collection Regulation F on the Top Debt Collection Agencies.

Optio Solutions

Debt collection is a highly regulated business, the companies that thrive in this setting are leaders in compliance and certification. Certification Compliance First-party Collections Third Party Collections

Digital Debt Collection and Early Collections

Fico Collections

In early collections, most customers will pay within a couple of days when nudged by a friendly reminder, such as text messaging. This is a perfect opportunity for digital debt collection. With digital debt collection, this goal is much easier to achieve.

Council could scrap use of Debt Collection Agencies to be ‘kinder’

UK debt collections

Council Bosses in Lancashire are to discuss abandoning the use of Debt Collection Agencies to collect rent arrears or council tax. The report also says: “The council has a duty to collect what it is owed in order to fund vital local services.

How long do I have to collect on a debt in Massachusetts?

Collections Law

If you have a customer who has not paid their bill, you might be wondering how long you have to collect on it. Perhaps you have tried to collect on your own to no avail and you are wondering what steps you should take next. That law only gives you four years to collect.