Mon.Jan 24, 2022

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9 Steps to Improve Contact Data Quality in Debt Collection

Fico Collections

Debt collection is about contacting customers, and that only works with correct contact data. Contact data quality in debt collection is a common challenge, and we often get asked how to best address this. Get Contact Data Before You Need It. Hence managing contact data should be an enterprise task.

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When should you Assign an Account to a Collection Agency?

Nexa Collect

Contact us. They will dig in all resources to get a collection agency off their back. It is better to recover 75% of your money rather than taking a 100% loss. Need a cost effective collection agency?

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Do You Want Your Debt Collectors Texting You?

Direct Recovery

How about contacting you through social media? Recent updates to the Fair Debt Collection Practices Act (FDCPA) have officially made it legal for debt collectors to contact consumers by text or through social media. The updated FDCPA also includes text messages as a method that debt collectors can use to contact consumers.

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FTC Says D&B Engaged in Deceptive and Unfair Practices

Collection Industry News

CONTACT INFORMATION. CONTACT FOR CONSUMERS: FTC Consumer Response Center. MEDIA CONTACT: Jay Mayfield(link sends e-mail). STAFF CONTACT: Dana C. Also, follow the FTC on social media , subscribe to press releases , and read the FTC’s blogs. 877-382-4357. Office of Public Affairs. 202-326-2656. FTC East Central Region.

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7 Consequences of Not Paying Your Credit Card

Debt Guru

Your lender wants its money – if you stop paying your credit card bills, expect the billing department to begin contacting you regularly (by phone, mail, text, email, or all four methods!) The first thing to do is contact your lender. You could even see an increase in your insurance rate as a result of this credit card negligence.

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Take the Stress Out of Searching for Collection Agency Names

Taurus Collect

Debtors contacted by debt collection agencies typically pay up with much less prompting because they discover a newfound respect for your organization and understand the usual range of excuses will no longer work. Initial contact is made with the debtor to introduce us and our involvement with your company.