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Debt Collection Now and Post-Covid

Nexa Collect

However, during the recession, even the collection agencies find it hard to recover money as people have no funds to pay off their bills. times than normal , because people wanted to pay off their debts with this extra cash. Additionally, the government-assisted stimulus packages resulted in recovery rates jumping by almost 1.5

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Rising Unpaid Rent Arrears sees surge in Landlords seeking rent insurance

UK debt collections

Those that have insurance in place can safeguard against this and ensure they have the support needed to legally and constructively navigate any issues that might arise.”. Absconded and unruly tenants make for difficult debtors. People forget that in order for housing associations to work, they have to be financial sustainable.

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Creating Text Messages that Pay

Katabat

I’m old enough to remember how surprised I was when I first started seeing articles about people using their cell phones more for texting than for calling. People want a less rapid, perhaps more thoughtful, form of communication. Of course, that predated the iPhone, Android, and the nearly universal embrace of smartphones.

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Social Media Ban for Debt Collection in New York?

National Service Bureau

This bill was introduced to the state senate in February of this year, and the crux is that if approved, debt collectors would be prohibited from using social media to contact debtors. Here’s what SB 3803 says: [Principal creditors or agents may not] “use a social networking website as a means to collect on a consumer claim from a debtor.

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What Happens If I Get a Job After Filing Chapter 7?

Sawin & Shea

The sad reality is that many people hold misconceptions regarding bankruptcy filers. This form of bankruptcy differs from Chapter 13, which involves the evaluation of your current income to construct a three-to-five-year debt reorganization plan. So, what happens if I get a job after filing Chapter 7?