Taurus Collect

DECEMBER 18, 2023

When a business owes another business, the owed entity may engage a commercial debt collection agency to recover the debt on their behalf. These agencies employ various strategies to recover the debt, including negotiation, mediation, or legal action. No Win, No Fee: This model offers risk-free debt recovery.

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Debt Collection Answers

MAY 18, 2023

Adding to the burden, specialized debt collectors in the medical industry can compound the stress of an already challenging situation. Capio Partners is one such agency that focuses on debt collection in the medical field. This company may also collect other types of debt. Contact Details Address: Capio Partners.

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Troutman Sanders

APRIL 29, 2021

In turn, Section1692f(8) of the FDCPA prohibits debt collectors from using “any language or symbol, other than the debt collector’s address, on any envelope when communicating with a consumer by use of the mails.” ” In DiNaples v.

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Taurus Collect

JANUARY 10, 2024

In such circumstances, resorting to a commercial debt collection agency becomes not just an option, but a necessity. A popular choice among UK businesses is a “ No Cure No Pay ” debt collection service. This model ensures that you only pay if the agency successfully retrieves your debts.

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Credits Inc

MAY 17, 2019

Recovering delinquent debt has become necessary for the government to continue to provide services to the public, stay within designated federal budget guidelines, and fund various programs. As a result, across the country, government agencies are hiring private debt collection and recovery services to retrieve unpaid debt.

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Taurus Collect

APRIL 9, 2024

Customer Insolvency: When a customer goes bust, retrieving owed funds becomes complex. Disputed Invoices: Discrepancies over invoiced amounts or services can lead to stalled payments. Specialists in business recovery help mediate these disputes, ensuring clarity and fairness in resolution.

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Taurus Collect

MAY 18, 2023

Once an account is sent to collections, the creditor is handing the case over to a third-party agency to retrieve the debt. Always remember that clear communication and transparency are key for debt collection. It is essential to know the dos and don’ts of collecting debt to avoid getting into trouble with the law.

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Consumer Financial Services Law

OCTOBER 9, 2019

12, 2019), the defendant debt collector sent a collection letter to the consumer in an envelope which, on its face, displayed a QR code. When scanned, the QR code revealed the debt collector’s internal account number. The consumer filed suit asserting the envelope violated 15 U.S.C.

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Collection Industry News

SEPTEMBER 23, 2020

Court of Appeals for the Second Circuit recently held that a debt collector did not violate the federal Fair Debt Collection Practices Act (FDCPA) where it unintentionally sent a valid debt collection communication to a non-debtor. Wagner, knowing that he was not the debtor, did not retrieve the letter. Wagner, Jr.,”

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Taurus Collect

OCTOBER 30, 2023

Navigating the convoluted terrain of debt collection can be a daunting task for businesses big and small. However, understanding the crucial steps in the debt collection process can empower businesses to retrieve owed money efficiently and legally, thus enhancing their financial health.

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FDCPA Defense

JANUARY 28, 2012

How can debt collectors avoid liability for the conduct of others? For example, generally speaking, the Act applies only to “debt collectors” who regularly attempt to collect debts that are “due another.” or an assignee of a debt, as long as the debt was not in default at the time it was assigned.”).

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Troutman Sanders

JULY 27, 2023

The Bureau last did this in 2016 by announcing in Supervisory Highlights that auto finance companies should prohibit repossession agents from charging personal property storage and retrieval fees, and the Bureau followed that announcement with both supervisory activity and a consent order in 2020 on the same subject.

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Troutman Sanders

AUGUST 30, 2021

17, 2021), the Tenth Circuit affirmed summary judgement in favor of the plaintiff in a claim under the Fair Debt Collections Practices Act (FDCPA), finding that the defendant debt collector failed to present sufficient evidence to establish a bona fide error defense. The defendant, Medicredit, Inc.

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