Collection Industry News

JUNE 5, 2023

Conferences offer a platform to gain knowledge, engage in discussions, and access educational sessions that can help you navigate the complex landscape of debt collection laws and regulations.

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Debt Recoveries

MAY 4, 2021

Training lodgement consultants to ask more pertinent and detailed questions regarding the nature of the incident and the particulars of the parties involved can have dramatic effects on the potential for recovery. Assessors and Loss Adjusters need to report on recovery prospects. Outsource to a Debt Recovery Professional.

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Nexa Collect

JUNE 23, 2023

Disputing the Debt : In some cases, debtors may believe that the debt is not theirs or is inaccurate. In such cases, the collection letter may prompt them to dispute the debt with the collection agency or credit bureaus. It can serve as a learning experience that impacts future financial decisions.

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Collection Industry News

JUNE 9, 2023

To achieve sustainable growth and overcome the challenges of debt recovery, partnering with industry associations and organizations can be highly beneficial. Clients and prospects recognize the association’s commitment to ethical practices, professional standards, and continuous education.

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Taurus Collect

FEBRUARY 1, 2024

Whether you’re on the receiving end of a collection action or considering employing such services, understanding the mechanisms at play can help in navigating the often complex world of debt recovery. They are responsible for pursuing the repayment of debts on behalf of creditors.

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Nexa Collect

MAY 16, 2021

Did you sponsor higher education for your employee with a commitment to work with you for a few years, but he resigned right after completing the degree? Have you mistakenly overpaid your contractor, and he is refusing to return that money?

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Nexa Collect

JUNE 25, 2023

Many debt collectors participate in ongoing training and education programs. Use of Technology : Debt collectors often use specialized software to manage accounts and communications. Continuous Learning : Staying current with industry best practices, technological tools, and changes in laws and regulations is important.

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Collection Industry News

OCTOBER 5, 2021

National Service Bureau, headquartered in Seattle, Washington with offices in Sarasota, Florida, as well is a debt recovery agency established in 1986 with one hundred (100) employees serving clients nationwide. Tuesday, October 21, 2021-Chicago-Commercial Collection Agencies of America is proud to. Waggoner, Executive Director.

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Taurus Collect

OCTOBER 19, 2022

Pro tip: A practical fix for passive and aggressive tone is to educate the collectors about the importance of a good customer experience. we practice straightforward techniques to help our clients with certain debt collection services. At Taurus Collections (UK) Ltd.

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Taurus Collect

MARCH 31, 2021

A solution so simple, that even us, having worked in the debt recovery business for 20+ years, was surprised by! The number 1 reason for lack of payment when business owners were collecting commercial debt was that the customer “didn’t have a copy of the invoice”. Teach your staff, educate yourself.

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Collections Debt Recovery Education 52

Taurus Collect

MAY 11, 2023

By educating yourself on your rights as a landlord, you can protect your investment and ensure a successful and profitable rental property. How to Properly Notify a Non-Paying Tenant of Their Debt It can be frustrating when a tenant fails to pay their rent on time.

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Nexa Collect

JUNE 25, 2023

References Available Serving some of the Largest Senior Living communities Hire a collection agency for Assisted Living Centers : Contact us Steps to Address Unpaid Bills: Clear Communication and Education : Ensure that residents and their families are well-informed about the cost structure and billing process.

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Nexa Collect

FEBRUARY 3, 2022

Pest Control, Aviation, Media, Industrial, Optometrists, Dental, Personal Services, Funeral services, Repairs, Waste Management, Day Care, CPA / Accountants, Utilities, Government, Member Organizations, Farm Supply, Auto Dealers, Cleaning Service, Fire, Education Schools Misc., These industries have an average recovery rate ( 15% -25%).

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Credit Management Company

APRIL 5, 2022

Agencies that educate their hiring companies help them understand the best ways to collect money and handle rogue accounts. If you need a debt collection service, check out our services! We provide our clients with quality debt recovery , as well as tips for helping consumers.

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Nexa Collect

JUNE 24, 2023

Below are some general compliance requirements and considerations for debt collectors working from home: Data Security and Privacy : Ensure that debt collectors have secure connections and use encrypted communications to protect sensitive consumer data. They should be educated about the importance of data security and privacy.

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Credits Inc

APRIL 17, 2019

Another 16% of debts collected were government-related. With over 8,500 debt collection companies in the United States to choose from as of 2017, how should your company go about selecting a debt recovery agency? Business News Daily lists three signs that you've found a reputable company. Experience.

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Nexa Collect

JULY 28, 2020

Educate your patient on the insurance charges. You will have to educate your patients about their coverage benefits and its different tiers, levels, copays, inclusions, and allowances. A lot of patients who come into your clinic are not aware of their insurance coverage and their benefits.

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Turbo Recovery

JUNE 6, 2018

A judgment is awarded in your favor, but the debt still isn’t paid. You call Turbo Debt Recovery and say “we have a judgment, so what do we do now? When our internal team of experienced and educated collectors review and skip trace accounts, they look for common assets. Try the Turbo Debt Recovery difference today.

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Taurus Collect

JUNE 12, 2023

This is particularly true when it comes to debt recovery collection agencies, who will often take legal action if they feel they’re not making progress in collecting the debt. Lastly, The Fair Debt Collection Practices Act gives consumers protection from performance abuses made by creditors trying to collect their debt.

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Taurus Collect

JANUARY 24, 2023

You should also look into other credits like education credits or energy credits that may reduce your tax bill even further. Set up automatic payments Depending on your debt type, setting up automatic payments with your bank could save you money in interest charges and help you pay off your debt quicker over time.

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CSA

MARCH 24, 2021

While we welcome the major efforts of the Money & Pensions Service (MaPS) and others to promote access to free debt advice, now is also a good moment to consider what more can be done to help prevent people falling into persistent problem debt in the first place.

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True Accord

MARCH 29, 2023

According to the Pew Research Center , “reliance on smartphones for online access is especially common among younger adults, lower-income Americans and those with a high school education or less.” In fact, 87% of TrueAccord consumers visit our web portal from their mobile devices and tablets, not their desktop computers.

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Collection Industry News

MARCH 22, 2022

In a separate incident, Debt-IN Consultants, a professional debt recovery solutions partner to many South African financial services institutions, announced on 22 September that a ransomware attack by cybercriminals resulted in a significant data breach of consumer and employee personal information.

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PDC Flow

JANUARY 12, 2021

Parents are in a terrible position: Balancing their child's education and their family's income. I also fear that many households have had to make sacrifices and stay home to watch and educate their children, meaning they earned less in 2020. Sometimes the in-person students have to revert to virtual if a teacher or child is exposed.

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