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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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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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How Often Do Debt Collection Agencies Take You To Court? 5 Things to Know

Taurus Collect

Generally, the statute of limitations ranges from three to ten years, and once it has expired, the debt is considered “time-barred” and the collection agency can no longer legally collect on it.

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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.