Nexa Collect

JUNE 10, 2023

AI, or artificial intelligence, has the potential to impact the field of debt collection significantly. Debt collection involves pursuing individuals or businesses to repay outstanding debts. Lowering Collection Costs: Human debt collectors take a significant percentage of all money recovered by them.

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Debt Recoveries

AUGUST 7, 2022

Indeed the best credit manager may require the assistance of a skilled debt collector at some point. Furthermore, any business or company that provides credit will require the services of a good debt collection agency, especially with a recession around the corner. . Don’t put off starting your collection effort.

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Taurus Collect

JULY 14, 2022

Moreover, the older the obligations get, the harder it is to collect the payment. However, hiring a reputed debt collection agency will significantly help you as they will use multiple methods to locate your debtors and help you effectively gather your amounts. Phone books. State motor vehicle department. Credit bureaus.

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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. Times have changed when collectors could easily put aggressive pressure on debtors or use forceful tactics to recover your money, without any repercussions.

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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

AUGUST 15, 2023

Navigating the intricate world of debt collection can be a challenging task for businesses of all sizes. That’s why outsourcing debt collection services , particularly in key areas such as Manchester, can be the game-changer your business needs.

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Nexa Collect

JUNE 18, 2023

A medical collection agency will send written demands and make persistent phone calls to your patients. Since debt collectors are on the phone all day long, they know every tactic to get paid. Since debt collectors are on the phone all day long, they know every tactic to get paid. Need a Medical Collection Agency?

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Taurus Collect

SEPTEMBER 15, 2022

The debt collection industry struggles to get good press. The harmful or illegal actions of a few unprincipled companies have overshadowed the value and importance of debt collection agencies that diligently return money to their actual owners. Remember that failing to pay debts on time does not land someone in prison.

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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. You have given your debtor at least three billing cycles to pay the bill and resolve any billing disputes that may have occurred. Paying your bill is clearly not a priority in your debtor’s mind by now. (

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Nexa Collect

AUGUST 8, 2020

Collecting outstanding debt isn’t an easy process. 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. But how wise is this?

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Nexa Collect

JULY 28, 2020

Collecting outstanding debt isn’t an easy process. 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. But how wise is this?

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Nexa Collect

FEBRUARY 14, 2022

By law, all debt collection calls initiated by a collection agency must be recorded and preserved for three years after the date of the call. The primary objective is to check if there was a violation of debt collection laws (FDCPA laws), and those recordings can be reviewed if there is a need. .

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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

SEPTEMBER 23, 2021

Several collection agencies have been using electronic mediums like emails, social media platforms, and SMS to contact debtors. This approach is significantly different from traditional collection calls and letters. Therefore many collection agencies use a blend of traditional and electronic mediums.

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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

JANUARY 19, 2022

If you think that ignoring written demands and calls from a collection agency will spare you from all the consequences, then you are wrong. A debt collector has several ways to find your latest address, phone number, and employer information. Ignoring a debt collector’s calls can be quite unfavorable.

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Taurus Collect

DECEMBER 18, 2023

An inevitable part of this financial management is the realm of commercial debt collection. In this blog post, we will delve into the tips and strategies that will help you navigate commercial debt collection effectively. No Win, No Fee: This model offers risk-free debt recovery.

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Taurus Collect

MAY 4, 2022

Dealing with difficult debtors for debt collection can be challenging and burdensome. However, debt collection is a vital part of a comprehensive credit risk management system for every business, whether commercial or consumer. Most people think that all debt collectors are the same. Legitimacy.

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Taurus Collect

MARCH 8, 2022

Debt collection is a legitimate business that can involve challenging & confusing issues. Debt collectors typically work with debt-collection agencies, though some may operate independently. Below mentioned are some of the typical debt collection queries that we aim to answer for you.

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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 What is your average collection rate for our industry? Are there any exceptions?

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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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Taurus Collect

APRIL 9, 2024

This is particularly true in the realm of business debt collection in the UK, where unpaid invoices can quickly become a thorn in the side of your financial stability. That’s where the principle of ‘ no collection no fee debt collection ‘ services becomes a game-changer for many.

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Taurus Collect

JANUARY 20, 2023

Are you being contacted by debt collectors? It can be tricky trying to deal with a debt collection agency , but understanding why and how they check your credit score is the key to regaining control of the situation. This allows debt collectors to assess the risk associated with extending you credit or initiating a loan.

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Collections Law

OCTOBER 5, 2020

Hiring the debt recovery collection attorneys at the Law Offices of Alan M. Cohen LLC is the answer to one of the most challenging aspects of running a business — tracking down delinquent debtors who refuse to pay. They know how to use them to get aid in your debt recovery efforts. The Law Offices of Alan M.

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Taurus Collect

FEBRUARY 24, 2023

If your business is struggling to collect payment on outstanding debt, you may be considering working with a collections agency. After all, debt collection can be an intricate and sensitive process – one not to be taken lightly – so it is wise to choose an experienced debt collection agency.

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Debt Recoveries

APRIL 16, 2023

A lot of clients in need of debt collection assistance could be undecided about using commision-based debt collection or legal action. Being the first to act is also crucial because debtors can owe money to other parties who are also attempting to get paid.

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Collections Law

OCTOBER 5, 2020

For companies dealing with other business entities, debt recovery for services rendered can prove a difficult task. Throughout the debt recovery process, you may be tempted to take the path of least resistance and try to either put the situation behind you or turn to a collections agency. Cohen LLC. . Receivership.

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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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Collections Law

JULY 1, 2020

You’ve tried everything in your power, but the debtor doesn’t respond or keeps making excuses to buy more time. You might be preparing to write off these dues as bad debts — but there is still light at the end of the tunnel. The experienced collection attorneys at the Law Offices of Alan M. Why Hire a Collections Attorney?

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Taurus Collect

OCTOBER 30, 2023

Navigating the convoluted terrain of debt collection can be a daunting task for businesses big and small. However, understanding the crucial steps in the debt collection process can empower businesses to retrieve owed money efficiently and legally, thus enhancing their financial health.

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Taurus Collect

APRIL 9, 2024

In the dynamic landscape of business, maintaining a healthy cash flow remains a paramount challenge, particularly in the face of rising collection costs. This is where the innovative concept of No Cure No Pay debt collection in the UK presents a compelling solution. It’s part art, part science, and entirely essential.

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Nexa Collect

JUNE 19, 2020

These receivables are usually B2B accounts that require commercial debt collection. A collection agency with its three-step collection process can assist businesses to recover money in an amicable manner. Need a collections agency for your business: Contact us. Written Notices sent by a Collection Agency.

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Taurus Collect

MARCH 7, 2022

Debt collection is the approach of pursuing payments of debts owed by different entities (individuals or businesses). It occurs when a collection agency or a company attempts to collect past-due debts from borrowers. How do debt collectors work? What is the process?

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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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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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Stevens Lloyd

AUGUST 17, 2018

If you currently have a debtor that is making excuses for non-payment or outright refusing to pay, then you might want to consider soliciting the services of a professional debt collection agency. In the past few years, there has been a rise in the number of debtors who refusing to pay monies owed.

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Collections Law

SEPTEMBER 24, 2020

Bad debt collection is as much of a part of a business as are sales. No business should get bogged down in chasing bad debts. That is why you should leave bad debt collection to the experienced aggressive debt recovery attorneys at the Law Offices of Alan M. Is your business owed money?

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