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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. You will preserve future revenue by hiring the right commercial collection agency.

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Asset seizures: How they work in commercial collections

Collections Law

Once you win your judgment case against someone who owes you money, you should be able to collect on your judgment and move on with your life. As experienced commercial collection attorneys at Law Offices of Alan M. Cohen LLC, we are often called on to assist with commercial collection cases. Cohen LLC.

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Commercial Collection Agencies of America Gives Back

Collection Industry News

Commercial Collection Agencies of America recently announced that through its initiative, Commercial Collection Agencies of America Gives Back , a portion of the proceeds of its virtual annual meeting has been given to Mental Health Advocates of WNY, formerly known as the Mental Health Association of Erie, New York.

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Who Should Use Commercial Debt (B2B) Collections?

Credit Management Company

This is where the commercial collection agency enters. Agencies work on a contingency basis - they only get paid when the debt has been collected. However, a commercial collection agency is unlike a consumer collection agency. B2B Collection FDCPA and Regulations. The end-target is different.

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Business Debt Collection Laws and their Connection to Commercial Debt

Debt RR

Like the Fair Debt Collection Practices Act, the U.S. business debt collection laws are regulations that safeguard businesses in commercial debt from harsh debt recovery practices by creditors and debt collection agencies. Business debt collection laws are governed by neither the state or federal governments.

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Late payments still afflicting businesses: why debt recovery should be taken seriously

CSA

Governments of all complexions have attempted to improve this situation ? Collections specialists will typically investigate the status of the debt and establish, for example, if a customer is late in paying because they have a particular business problem themselves, such as awaiting a government loan or public sector payment.

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A Guide to B2B Debt Collection

Payment Savvy

When it comes to collecting monies owed by business clients, legislation governing B2C doesn’t apply. Most notably, B2B debt collection is not restricted by the same restrictions as consumer collectors under the Fair Debt Collection Practices Act.