article thumbnail

Why Cybersecurity Matters for Collection Agencies

Nexa Collect

Handling debtor information securely isn’t just good business—it’s legally essential. For collection agencies, failing to protect sensitive debtor data can be disastrous. Real Cyber Threats, Real Costs Debtor data is particularly appealing to cybercriminals.

article thumbnail

Business Debt Negotiation: Key Differences from Consumer Debt

Enterprise Recovery

By recognizing the distinct characteristics and challenges of each type of debt collection, you can optimize your efforts, improve communication with debtors, and ultimately achieve more favorable outcomes in recovering owed amounts. Let's look at the differences in negotiating business debt versus consumer debt.

Debtor 226
Insiders

Sign Up for our Newsletter

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

article thumbnail

Strategies for Dealing with Debtors During Economic Downturns

JMA

During these challenging times, many debtors may struggle to make payments, leaving businesses to deal with a rising number of overdue debts. Read more » The post Strategies for Dealing with Debtors During Economic Downturns appeared first on JMA Credit Control.

Debtor 52
article thumbnail

Is your debtor hiding behind real estate? Don’t let them.

Collections Law

Attaching a writ of attachment as a prejudgment lien If you have not yet received a judgment against your debtor, Massachusetts collections laws allow you to file a prejudgment lien on your debtors property using a writ of attachment. If the debtor tries to sell or refinance the property, your lien must be paid off first.

Debtor 68
article thumbnail

Illinois Legislature Passes Bill Prohibiting Collection of Coerced Debt

Account Recovery

If signed, the Department of Financial and Professional Regulation will have 180 days to publish model forms for debtors and third parties. Read the bill.

article thumbnail

Finvi Continues to Expand Capabilities of Velosidy® Platform, Releasing Modernized Functionality Supporting Legal Action in Pursuit of Debt Collection

Account Recovery

BURLINGTON, Mass.

article thumbnail

My debtor is doing business as normal, even though he owes me money. What can I do?

Collections Law

Watching your debtor continue business as usual while they owe you money can be incredibly frustrating. You have a judgment in hand, yet your debtor seems unfazed, conducting transactions and collecting payments without a second thought to what they owe you. Stop your debtor from hiding assets through continued business transactions.

Debtor 52