Debt Collection Merchant Account

Payment Savvy

The debt collection industry is a constantly growing one, and with a value of around $13 billion, it is not surprising to see more and more collection agencies being established to grab a piece of the pie. Debt Collection Industry 101. The Biggest Debt Collection Agencies.

Compliance & Collections: 22 Essential Terms to Know

True Accord

The world of regulatory compliance can be a complicated place, especially when it comes to debt collection. A debt collector may be able to assert a “Bona Fide Error Defense” in a lawsuit alleging violations of the federal Fair Debt Collection Practices Act (FDCPA). .

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 Agencies could help save thousands of SME’s

UK debt collections

Debt Collection Agencies could help save thousands of Small Businesses in the UK it is claimed. History shows that taking professional debt collection action can help save the number of Small Businesses from going bust. Debt Collection Agencies have a key role to pay.

How Does Accounts Receivable Increase Collections?

Enterprise Recovery

How does accounts receivable increase collections? Accounts Receivable Commercial Debt CollectionIf your organization is facing slow cash flow, accounts receivable management may be the problem.

The Many Hats of a Collections Specialist

American Profit

By Delaney: One thing I did not consider when applying as a Collections Specialist is just how many ‘hats’ I’d come to wear in this role. This is why a hat I am always proud to wear, is that of a Collections Specialist. Advice for Businesses Small Business Collections Team APR

20 Companies Seeking Collection Talent

Account Recovery

This is merely meant … The post 20 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

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.

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.

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.

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.

Collecting Receivables After Going Through an Acquisition

FFGN COLLECT NY

That can be especially true when it comes to collecting accounts receivables. The acquiring company may quickly discover existing issues that may prevent them from collecting receivables in part or in whole. You may not be precluded from recovery but will have a harder time collecting.

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.

How do I collect after a court judgment?

Collections Law

The experienced collection attorneys at The Law Offices of Alan M. Cohen LLC have experience with these remedies and can put them to use to collect outstanding debt on your behalf. Examples of legal tools that can help you collect post-judgment can include: Seize non-exempt assets.

Debunking The Fear of Using B2B Debt Collections

Enterprise Recovery

As a business owner or accounts receivable specialist, you may have some fear around sending an account to a debt collections company. You may also have heard some really bad things about debt collections.

What's the Difference Between Accounts Receivable and Collections?

Enterprise Recovery

The process of collecting what's due from customers can go by several names. Accounts receivable, receivables, A/R, accounts receivable collections, debt collections, and more. What's the difference between accounts receivable and collections?

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.

21 Companies Seeking Collection Talent

Account Recovery

This is merely meant … The post 21 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

Colorado Enacts Medical Debt Collection Bill

Account Recovery

The governor of Colorado yesterday signed a bill into law that will prohibit healthcare facilities from pursuing debt collection activities against individuals with unpaid medical bills unless those facilities are in compliance with federal price transparency guidelines.

24 Companies Seeking Collection Talent

Account Recovery

This is merely meant … The post 24 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

Q&A: Code-Based Compliance for Collections

True Accord

Just as technology has evolved leaps and bounds, so have consumer communication preferences, especially when it comes to debt collection. Code-based compliance is a critical component for the debt collection industry. How Does This Approach Benefit Collection Compliance Strategies?

Debt Collection Experts called up as advisers for top TV soap

UK debt collections

A leading Debt Collection Agency in the UK has been enlisted by the world’s longest running television soap to assist them with script writing for storylines. Debt Collection and Debt Collectors are often misrepresented in television and media shows.

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

Even in a Crisis, the Best Collections Strategy Is to Avoid Collections

Fico Collections

Even in a Crisis, the Best Collections Strategy Is to Avoid Collections. With as much as 50% of consumers experiencing financial difficulty soon, it's time to review your early and pre-collections strategy and processes. IFRS9, Collections Strategy, Delinquency and Risk.

Debt Collections for SaaS Clients

Enterprise Recovery

The internet allows for businesses to sell the use of software (and hardware) and revenue is collected either yearly or monthly as a subscription service. Because client retention is very important to this business model, debt collections must be handled with business relationships in mind.

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.

Are there any tips for my business to collect on a delinquent account?

Collections Law

It is important to note that there are various rules and regulations that impact the ability to collect on these accounts. This means we handle to correspondence and move forward with the court to secure collection. Aggressive Collections Commercial Debt Collection Business collection

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

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.

Chargent Automated Collections: Automate and Improve Your Collections Process

Chargent

Chargent Automated Collections - a powerful, configurable tool for automating your collections process - gives you a significant competitive advantage in addressing these challenges, as automation becomes [.].

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.

21 Companies Seeking Collection Talent

Account Recovery

This is merely meant … The post 21 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

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.

20 Companies Seeking Collection Talent

Account Recovery

This is merely meant … The post 20 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

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.