Collection Industry News

SEPTEMBER 8, 2020

Entities are performing debt collection activities. Debt collection means requiring debtors to pay creditors outstanding due or overdue amount or property as obligated by a contract or by a decision of a competent State’s authority. In addition to debt collectors operating under Decree No. of these people.

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Debt Recoveries

MAY 29, 2022

If traditional debt collection methods fail, legal action may be necessary. Only if the debt is greater than $5,000.00 and the debtor or company has assets to satisfy the debt would Debt Recoveries Australia propose legal action. Congratulations if the debtor pays the money owed!

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Stevens Lloyd

JULY 30, 2018

However, the trade gap between international countries and the United States has been bridged. Due to the increased level of import-export trade between the U.S. and other countries, it will not be uncommon for debts to be accrued. trades with, the United Kingdom has one of the lowest import/export ratios of indebtedness.

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Debt Recoveries

DECEMBER 14, 2020

Hi, my name is Adam Stewart, Debt Collection Expert and owner of Debt Recoveries Australia.I Slow paying debtors means more cash is locked-up so you cannot use it to pay your own bills and staff; this is usually the biggest contributor to bad cash flow. You may contact me on Debt Recoveries Australia at 1300 799 511.

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UK debt collections

JUNE 8, 2022

Guidelines on debt recovery letter phrasing warn against using “potentially misleading” words such as “enforcement” in trading names so as not to deceive debtors.

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Taurus Collect

JULY 12, 2022

However, by having the right business and payment terms by your side along with the assistance of a well-experienced debt recovery agency , you can ensure to receive quick payments. Step3: Do not forget about the trading terms and conditions (make sure to revisit and update whenever needed). At Taurus Collections (UK) Ltd.,

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Debt Recoveries

MARCH 26, 2020

The COVID-19 has taken the world by surprise and we here at Debt Recoveries Australia wanted to share some tips for maintaining cash flow within your organisation in the current economic climate. Debtors paying sooner will create a faster flow of cash so you can reduce your borrowings, or fund growth more easily. Creativity.

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Debt Recoveries

AUGUST 1, 2021

There are two main areas that cover SME’s and companies: the Australian Consumer Law (ACL) and the Competition and Consumer Act 2010 (CCA, formerly the Trade Practices Act 1974). . If your debtor still refuses to pay, this is when you outsource to a professional. Both parties have rights when it comes to disputes.

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Taurus Collect

JUNE 10, 2022

Hence, your business’s income will greatly vary every month with a high customer turnover, while the companies with returning trade will forecast more accurately. We follow an easy, straightforward method to support our clients with debt collection services by providing utmost customer satisfaction while dealing with their debtors.

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Debt Recoveries

AUGUST 29, 2021

Slow paying debtors means more cash is locked-up preventing you from using it to pay your own bills and staff; this is normally the biggest contributor to poor cash flow. Debtors paying sooner will create a faster flow of cash so you can reduce your borrowings, or fund growth more easily. . Solvency . Creativity .

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Taurus Collect

AUGUST 19, 2020

This will take the pressure of bad debt on your company, and increase the chances of No Win No Fee Debt collection having success, should it come to that. Always credit check a potential customer, and get a feel for how they are trading. You can’t keep wasting resources on chasing debts if there are no responses.

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Debt RR

SEPTEMBER 9, 2020

Also known as a demand letter, a collection letter is an official notification drafted by a lender or debt collections agency and sent to a debtor to remind them of their delinquent payments. Debt collection letters can be issued to both commercial and consumer debtors. The Purpose of a Debt Collection Letter.

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Credits Inc

SEPTEMBER 20, 2019

Every state has its own rules and accreditation for debt collection and recovery services. It is your duty to ensure that you only deal with a debt recovery agency whose licensing is up to date. Over 50% of agencies nationwide aren't authorized to collect or recover debts in all 50 states. Are They Insured?

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Nexa Collect

NOVEMBER 26, 2022

The GLB Privacy Rule only applies to nonpublic personal information (NPI), including (Debtor) Name, Address, Income, Social Security number. In order to ensure this, the Federal Trade Commission (FTC) has the power to audit any financial institution at any time.

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