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Taurus Collect
OCTOBER 30, 2023
Establishing Contact with the Debtor The first step in the debt collection process is establishing contact with the debtor. This often involves several key actions: Initial Communication: A business or a debt collection agency, like a debt collection agency in Derby, will send a letter of demand to the debtor.
Taurus Collect
FEBRUARY 1, 2024
A debt collector might sound like a character from a Charles Dickens novel, but if you’ve been contacted by one, you know they’re very much a reality of modern financial life. Why Are They Contacting Me? Your Rights : As a debtor, you have rights that you can and should exercise. So, what exactly is a debt collector?
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Taurus Collect
AUGUST 15, 2023
Here’s how: Knowledge of Regulations: Debt collection is a field governed by a multitude of regulations. Effective Communication Skills: Skilled debt collectors understand the importance of maintaining professional, respectful communication with debtors. Persistence: Experienced debt collectors are persistent.
Taurus Collect
OCTOBER 30, 2023
Understanding the art of debt collection can be a challenging task for any business, especially when the debtor refuses to pay despite many reminders. Understand Your Legal Rights Awareness of Commercial Debt Recovery laws: Primarily, you must have a thorough understanding of the laws governing commercial debt recovery in the UK.
Taurus Collect
NOVEMBER 15, 2023
In this post, we will explore the rights and regulations governing debt collection in the UK. They should also provide information about the debtor’s right to dispute the debt. They are also prohibited from contacting you at work once you’ve informed them that your employer disapproves.
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