Collection Industry News

JUNE 9, 2023

Introduction: For collection agencies and attorneys, expanding their business and maximizing revenue is a constant pursuit. To achieve sustainable growth and overcome the challenges of debt recovery, partnering with industry associations and organizations can be highly beneficial.

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Taurus Collect

OCTOBER 19, 2022

Running a business is already a time-consuming endeavour, and chances are you simply lack the time to deal with the collection of unpaid invoices. Therefore, hiring a professional debt collection agency in town is recommended as they have the right knowledge and techniques to ensure the successful collection of invoices.

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Collection Industry News

JUNE 5, 2023

Here are some factors to consider when determining if attending debt collection conferences is valuable for you: 1. Networking Opportunities: Debt collection conferences bring together professionals from the industry, including debt collectors, lawyers, compliance experts, and technology providers.

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Taurus Collect

MAY 11, 2023

Not knowing whether to issue warnings, take legal action or try other methods for collecting unpaid rent can make the situation even more challenging. This blog post will provide an in-depth look at when and how you can send a non-paying tenant to collections. What Steps to Take Before Sending a Tenant to Collections?

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Taurus Collect

MARCH 31, 2021

When considering collecting commercial debt, what is the number 1 excuse you hear for people not paying on time? A solution so simple, that even us, having worked in the debt recovery business for 20+ years, was surprised by! This is where the habit begins when collecting commercial debt. 1 excuse!).

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The McHughes Law Firm

JULY 27, 2016

Stay ahead of dental office debt collection by having procedures in place that thoroughly inform patients of your practice’s billing process and by following up immediately with any past due accounts. However, dental practice business owners often experience a great deal of pain when it comes to dental office debt collection.

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True Accord

AUGUST 11, 2022

August 14 is National Financial Awareness Day , making it an appropriate time to shine a spotlight on initiatives that can help improve consumer financial awareness in the collections space. Schedule a consultation to see what TrueAccord’s digital solutions can do for your debt recovery and education strategy»».

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Credit Management Company

APRIL 5, 2022

One way is to hire collection agencies. Finding the best collection agency partner is a reliable way to get the money your business needs. With effective collection agents, you can get paid faster and increased legal protection. The reason for this is that collection agencies take a percentage of the debt they collect.

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Taurus Collect

JANUARY 24, 2023

But while it can be exciting to think about that refund cheque hitting your bank account soon, there’s another equally pressing reason why you should pay attention this tax season – debt collection! However, dealing with debt collectors can be intimidating if you don’t know how to handle them properly.

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Taurus Collect

JUNE 12, 2023

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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Nexa Collect

JUNE 25, 2023

The professional life of a debt collector involves communicating with individuals and businesses to collect payments on overdue bills, loans, or other financial obligations. Knowledge of Laws and Regulations : Debt collectors must be well-versed in the laws and regulations that govern debt collection in their jurisdiction.

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Debt collector Debtor Fair Debt Collection Education 130

CICM

JUNE 6, 2023

Choosing between pursuing higher education or diving straight into the workforce can be daunting. This means you can start making money immediately, avoiding the burden of student debt often accompanying traditional higher education routes. Are you a school leaver pondering your next move?

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Taurus Collect

FEBRUARY 1, 2024

Dealing with unpaid debts can be a challenging aspect of financial management both for businesses and individuals. That’s where a debt collections service steps in—a critical intermediary that takes on the task of pursuing delinquent accounts to ensure that owed funds are recovered.

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Credits Inc

APRIL 17, 2019

If you've been unsuccessful in collecting the funds, it may be a more effective use of your time to hire an. account receivable collections. agency to focus on collecting the past-due fees for you. In 2016, debt collection agencies were able to recover roughly $78.5 billion in debts. Experience.

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Debt Recoveries

MAY 4, 2021

Training lodgement consultants to ask more pertinent and detailed questions regarding the nature of the incident and the particulars of the parties involved can have dramatic effects on the potential for recovery. Assessors and Loss Adjusters need to report on recovery prospects. Outsource to a Debt Recovery Professional.

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Nexa Collect

JUNE 25, 2023

Need a Debt Collection Agency? Insurance Verification : Verify that all potential sources of insurance coverage are being properly billed and collected. Health Issues : Cognitive impairments or health issues might prevent residents from keeping track of their bills.

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Nexa Collect

JUNE 24, 2023

You should discuss these points with the compliance superior of your collection agency. Since collection agencies fall under GLBA laws, they are subjected to the same strict laws as large financial institutions like banks. In the United States, for example, debt collectors must adhere to the Fair Debt Collection Practices Act (FDCPA).

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Collection Industry News

OCTOBER 5, 2021

Tuesday, October 21, 2021-Chicago-Commercial Collection Agencies of America is proud to. National Service Bureau, headquartered in Seattle, Washington with offices in Sarasota, Florida, as well is a debt recovery agency established in 1986 with one hundred (100) employees serving clients nationwide. “We

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Nexa Collect

JULY 28, 2020

It can get very difficult to collect your A/R balance if you are not super focused and strict about receiving them. These small, seemingly insignificant interactions about payoff can lead to less time spent collecting fees and more appointments to fill your calendar. Educate your patient on the insurance charges.

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CSA

MARCH 24, 2021

Creditors and collections agencies have continued to signpost customers towards independent and free debt advice throughout this period, and with StepChange Debt Charity marking the week of 22 March as ? s financial capability and economic recovery strategy. early engagement? s circumstances and that individual?s

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Turbo Recovery

JUNE 6, 2018

A judgment is awarded in your favor, but the debt still isn’t paid. You call Turbo Debt Recovery and say “we have a judgment, so what do we do now? Until the debt is collected, you will have spent time and money on what may turn out to be a lost cause. Now we contact the debtor to start collections.

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True Accord

MARCH 29, 2023

So integrating an intelligent digital communication strategy with traditional call-and-collect or letters sounds like a smart plan, but why is it more important now than ever before? Let’s look at why today’s economic landscape makes omnichannel engagement critical for collections and how your business can get there.

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Collection Industry News

MARCH 22, 2022

In a separate incident, Debt-IN Consultants, a professional debt recovery solutions partner to many South African financial services institutions, announced on 22 September that a ransomware attack by cybercriminals resulted in a significant data breach of consumer and employee personal information. “The

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PDC Flow

JANUARY 12, 2021

Agencies across the country found themselves making the shift to remote workers , trying to keep up with state-by-state collection restrictions and dealing with other logistical issues caused by running a business during a pandemic. . How do you predict the industry regulations initiated in the past year will impact the future of collections?

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