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How to execute effective B2B debt collection strategies

Collections Law

If you’ve retained a collection agency, they’ve probably sent more notices and maybe even attempted phone calls. Facilitate prejudgment attachments: By filing ex parte attachments to your debtors property and accounts to make sure there are funds available and set aside to satisfy the debt owed to your business.

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Recommendations for Debt Collectors Working from Home

Nexa Collect

The thought process is simple, in case the laptop is lost, there should be zero loss of personal data of clients or the debtors. Accepting payments : You should transfer the call to your corporate office when the debtor is ready to pay,or have a PCI-compliant mechanism. Internet access should be restricted to selected websites only.

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What Is a Debt Collector and Why Are They Contacting Me?

Taurus Collect

The legal framework governing their actions varies from country to country, with rules specifying how and when they can contact debtors, what they can say, and the measures they can take to collect the owed amount. Your Rights : As a debtor, you have rights that you can and should exercise.

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How Do I Send Debt to Collections?

Nexa Collect

When you send a debt to collections, you’re passing on sensitive customer information to a third party. Ask each agency to detail the security measures they use to guarantee your debtors’ data can’t be breached. This technique leverages multiple cross-referenced databases to find debtors that have “skipped” town to avoid collection.

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Brit Suttell Awarded Prestigious Donald Kramer Award

BN Lawyers

Brit Suttell wins the National Creditors Bar Association Donald Kramer Award for efforts on behalf of Credit and Legal Collections Industry. The Donald Kramer award is given each year to “someone whose efforts have made a substantial and lasting impact for the benefit of the credit and legal collection community.”.

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Business Debt Collection Laws and their Connection to Commercial Debt

Debt RR

If you owe or another business owes you, you are in good company because this article discusses the nitty-gritty of business debt collection laws. What are Business Debt Collection Laws? The business debt collection laws protect them. Like the Fair Debt Collection Practices Act, the U.S. The short answer to this is yes.