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Firstsource Solutions Acquires American Recovery Services to Enhance Services in Debt Collections Market

Account Recovery

Mumbai, India, December 30, 2021: Firstsource Solutions Limited, a global provider of business process management (BPM) services and a RP-Sanjiv Goenka Group company, announced it has entered into an agreement to acquire American Recovery Services, Inc. ARSI), a nationwide legal collections network headquartered in Southern California.

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How Often Do Debt Collection Agencies Take You To Court? 5 Things to Know

Taurus Collect

Thus, debt collection agencies are commonly utilised to ensure that funds due back to businesses don’t go unpaid. But how often do debt collection agencies take their clients’ customers to court? But did you know that these agencies often try to resolve your debt before resorting to legal action?

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What Is a Debt Collector and Why Are They Contacting Me?

Taurus Collect

A debt collector might sound like a character from a Charles Dickens novel, but if you’ve been contacted by one, you know they’re very much a reality of modern financial life. So, what exactly is a debt collector? What Is a Debt Collector? However, they may still try to recover the debt through communication with you.

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How Much Does a Charge Off Affect Your Credit Score?

Credit Corp

When you owe a business money, the company counts that debt as an asset. The older the asset becomes, the less valuable it is because older debt is less likely to be collected. A charge off doesn’t mean that you don’t owe the debt. Can Creditors Attempt to Collect Charged Off Debt?

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How to Find All Your Debts: 4 Tips

Credit Corp

It’s uncomfortable to admit, but it’s entirely possible that you have debts you didn’t even know about. Whether mail went missing or communication about medical debt got mixed up, it’s possible an account with your name on it is languishing somewhere in collections. How to Find All Your Debts.