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Pollack & Rosen, P.A. & Gateway Portfolio Services Partner with Harvest Strategy Group to Elevate Industry Standards in Debt Recovery

Account Recovery

to deliver more transparent, data-driven, and compliance-focused debt recovery solutions. The debt recovery landscape is evolving, and creditors need efficient, scalable, and compliant solutions, said Brad McCurnin, President & CEO of Harvest Strategy Group. About Pollack & Rosen, P.A. Pollack & Rosen, P.A.

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Business Debt Collection Laws and their Connection to Commercial Debt

Debt RR

The business debt collection laws protect them. Like the Fair Debt Collection Practices Act, the U.S. business debt collection laws are regulations that safeguard businesses in commercial debt from harsh debt recovery practices by creditors and debt collection agencies.

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How Do I Send Debt to Collections?

Nexa Collect

This technique leverages multiple cross-referenced databases to find debtors that have “skipped” town to avoid collection. It’s useful for maximizing collection success, so be sure it’s available. Additional practices that to have at your disposal are credit reporting and legal collections.

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Avoiding Common Debt Collection Pitfalls

Burt and Associates

Make sure to respond promptly with the proper documentation to build trust and avoid any legal issues. Know the Statute of Limitations Every debt has an expiration date. Once a debt surpasses its statute of limitations, it’s no longer legally collectible. Ready to optimize your financial health and cash flow?

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Avoiding Common Debt Collection Pitfalls

Burt and Associates

Make sure to respond promptly with the proper documentation to build trust and avoid any legal issues. Know the Statute of Limitations Every debt has an expiration date. Once a debt surpasses its statute of limitations, it’s no longer legally collectible.

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Recommendations for Debt Collectors Working from Home

Nexa Collect

Adherence to Communication Guidelines : Debt collectors should not contact consumers at unreasonable times or places, and should honor any requests to cease communication. Avoid Harassment or Abuse : Collectors must avoid engaging in conduct that harasses, oppresses, or abuses any person in connection with the collection of a debt.

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Key Driver Transforming The Debt Collection Agencies Market 2025: Rising Consumer Debt Levels Fuel Growth In The Market

Collection Industry News

billion in 2029 at a compound annual growth rate CAGR of 3.2%, the forecasted growth can be attributed to the upswing of digital commerce, increased lending by financial institutions, increasing credit card usage, international debt recovery, and expanded lending by financial institutions. From an expected value of $34.51