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8 reasons why businesses rely on debt collection agencies

American Profit Recovery

The debt collection industry is a vital part of the US economy. Many small businesses and larger organizations rely on the expertise and efforts of third-party collection agencies every day. Want to know more about why businesses rely so much on professional debt collection agencies ?

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Questions to ask a commercial collection agency before hiring

American Profit Recovery

A commercial collection agency is an agency that works to resolve debt between two businesses. Commonly known as B2B debt collections, it’s the process of mediating financial disputes and overdue invoices owed to a commercial client. Can you work on national commercial collection accounts?

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Why it’s important for collection agencies to share what they do

American Profit Recovery

There is a lot of important work done by reputable and professional debt collectors daily in this country. This work helps the overall economy, consumers that may be struggling with ongoing debt, and small businesses struggling to meet payroll and other expenses. The debt collection industry touches just about everyone.

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4 consumer myths about debt collections DEBUNKED

American Profit Recovery

To say there is endless misinformation about debt collections in the media and on the Internet would be a vast understatement. Right up front, you should know that the debt collection industry provides critical and necessary support to not only consumers and the business community but the overall economy.

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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. What they can and cannot do when doing so are regulated by the Fair Debt Collection Practices Act.

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

FFGN COLLECT NY

The Consumer Financial Protection Bureau (CFPB) has more to do with your debt collection claim than you might think. Professionally, your business may deal with consumers directly or indirectly. Personally, CFPB has a lot to do with how companies approach you to collect debt and other financial products.

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Debt collection ensures proper access to consumer credit

American Profit Recovery

The debt collection industry is a necessary component of the US economy. Professional collectors provide a critical service to both small businesses as well as nationwide organizations in helping them secure late payments from customers. Part of our economic machine here in this country is proper access to credit for consumers.