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Important Updates to the Fair Debt Collection Practices Act

Credit Management Company

Even before the pandemic hit, healthcare providers have known the importance of being respectful when contacting patients about outstanding bills. Now, there are additional steps you must add to your debt collection practices. Now, there are additional steps you must add to your debt collection practices.

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Common Myths About Using a Collection Agency

Credit Management Company

Companies hire debt collection agencies to collect debts on their behalf. Sometimes, businesses may even sell their debt to collection agencies. In that case, those businesses no longer own the debt you’re paying. Myth: The FDCPA Will Protect Any Debt Collector.

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Consumer Rights in Debt Collection

Credit Management Company

To ensure you understand how important consumer rights are, we’ve put together an overview of consumer rights in debt collection. Debt Protection Laws. While this act does not excuse consumers from paying their debt, it does protect them from unfair or abusive debt collection tactics. Disputing Claims.

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Finding A Collection Agency: Part 1 - The 5 First Steps

Credit Management Company

Are you worried that if you refer your customers to a debt collection agency you’ll lose control of your brand? If you’ve had negative experiences with debt collectors, you may think that asking someone else to handle your unpaid invoices is the wrong move.

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4 Ways To Remove Collections From Your Credit Report

Better Credit Blog

The first step, if you have paid the full collection account, settlement, or have been making regular on-time payments, is to mail the collection agency a “ goodwill letter ” that explains your situation. Then kindly ask the debt collector to remove collections from your credit report out of goodwill.