article thumbnail

What Is a Debt Collector and Why Are They Contacting Me?

Taurus Collect

A debt collector might sound like a character from a Charles Dickens novel, but if you’ve been contacted by one, you know they’re very much a reality of modern financial life. So, what exactly is a debt collector? Debt Management : Engaging with debt collectors can be the first step in managing and settling outstanding debts.

article thumbnail

Best Practice Guide: Collaborating with law firms effectively across the portfolio management lifecycle

Qualco

Involving law firms across the debt management lifecycle. Law firms or DCAs are not only involved in the final stage of the debt collections. they can also be engaged at earlier debt collections stages. This brings all the corresponding risks of misplacement, destruction, and lack of speed in retrieving these documents.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Pros and Cons of Paperless Statements

Debt Guru

Your bank’s archives might only allow you to retrieve online statements for the past year or just a couple months, and you most likely lose all access if you close your account. Contact a member of DebtGuru.com today for insight and advice on paperless statements or any other facet of personal financial management. .

article thumbnail

Digital Debt Collection and Early Collections

Fico Collections

When the communication is swapped to a digital channel (bottom row), the assessment of the financial situation can be automated in the same channel in which the customers indicate their hardship, or, given customer consent, can even be retrieved through an Open Banking interface.