Sat.Jun 24, 2023

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Recommendations for Debt Collectors Working from Home

Nexa Collect

As per my knowledge, there are no clear guidelines from the government for a debt collector who wants to work from home. Here are suggestions that will help you maximize your compliance. You should discuss these points with the compliance superior of your collection agency. Since collection agencies fall under GLBA laws, they are subjected to the same strict laws as large financial institutions like banks.

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Risk mitigation strategies in debt collection

Collection Industry News

Risk mitigation strategies in debt collection are measures and practices implemented by collection agencies or creditors to minimize potential risks associated with debt collection activities. These strategies aim to protect the interests of the organization, ensure compliance with regulations, and reduce the likelihood of legal or reputational issues.