Account Recovery

APRIL 7, 2022

It’s a situation that happens all-too-often in collection agencies across the country. But the information included in the letter doesn’t match anything the agency can find in its system. A consumer, in this case through her attorney, submits a letter disputing the debt.

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Collection Agencies Collections Agency Collections 246

American Profit Recovery

OCTOBER 20, 2023

While many organizations hesitate to implement collection activity, there are an equal amount that may jump into it before they have done their due diligence. Following solid and systematic accounts receivables processes can help lay the groundwork for successful debt collections when necessary.

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Collections Collection Agencies Collections Agency Fair Debt Collection 197

American Profit Recovery

MAY 5, 2023

We always advise the organizations we work with to have an internal debt collection strategy prior to issuing accounts to a collection agency. There are many ways to get your customers to pay before handing that account over to your debt collection agency. You can even provide a direct link for easy payment.

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Collections Collection Agencies Collections Agency Debt collector 210

American Profit Recovery

DECEMBER 8, 2020

In the not too distant past, a business that hired a collection agency was doing so as a last resort. They had customers that were not paying, they called, sent letters, and decided that the only thing they could do was to get rid of that customer and send them to collections. That should be your number one goal.

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Collection Agencies Collections Agency Collections Original Creditor 246

American Profit Recovery

JULY 21, 2022

If your business has thought about hiring a collection agency to improve cash flow, but has never made a firm decision, you’ll want to listen up. Before you hire a collection agency. But it is an important step and getting paid on time and laying the groundwork for collection activity for non-payers.

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Collection Agencies Collections Agency Collections Debt collector 228

Account Recovery

JULY 27, 2021

a global provider of a comprehensive cloud-based call center platform for enterprises, contact centers, BPOs and collection agencies, today released the results of its inaugural “Consumer Insights about Customer Service” survey of American consumers. GEORGE, Utah – July 27, 2021 – TCN, Inc.,

Collection Agencies 246

Collection Agencies Collections Agency Collections 246

American Profit Recovery

JUNE 14, 2023

Deciding to use a debt collection agency can be a big step for a business. Of course getting late and non-paying customers to the table is a top concern, there can be other concerns that a business of any size wants to address before taking the next step in debt collections. Thank you for helping me get my life back together.”

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Collection Agencies Collections Agency Collections Debt collector 130

American Profit Recovery

JULY 5, 2021

And before hiring a collection agency, you should get comfortable with a few things. We also find many businesses send out updated payment terms such as every three or six months. If you find a customer is weeks beyond an expected payment date, issue a formal statement either by email or mail.

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Collection Agencies Collections Agency Collections 230

American Profit Recovery

OCTOBER 29, 2021

If you’re not paying close attention to the status of your cash flow, you could find your business with a financial challenge very quickly. As a collection agency working with all sizes of organizations and their accounts receivable management , we are often asked to take a look at how our team can improve the cash flow of our clients.

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Accounts Receivables Management Collection Agencies Collections Agency Collections 206

Account Recovery

DECEMBER 17, 2020

Read on to learn more about Steven and why you’re likely to find … The post Daily Digest – December 17. Getting to Know Steven Kusic of NRA Group; The ROI That Training Can Offer a Collection Agency appeared first on AccountsRecovery.net.

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Collection Agencies Collections Agency Collections 246

American Profit Recovery

MAY 28, 2021

If you are running a professional services firm or a consulting agency, we know that you are working closely with your clients and have far more interaction than other industries. This can include law firms, management consulting firms, marketing agencies, and others. Sometimes your consulting agency may be struggling with cash flow.

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Collection Agencies Collections Agency Law Firms Collections 244

Nexa Collect

JANUARY 19, 2022

If you think that ignoring written demands and calls from a collection agency will spare you from all the consequences, then you are wrong. A debt collector has several ways to find your latest address, phone number, and employer information. This process is called skip tracing. In this digital age, hiding is hard.

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Collections Debt collector Collection Agencies Collections Agency 130

American Profit Recovery

SEPTEMBER 27, 2021

There are several reasons why organizations of all sizes would be looking for a debt collection agency. Whatever your reasons are, you will want to find the best agency that can understand your needs, be a great fit as well as treat your customers fairly. Including, trying to get them to pay. Put everything in writing.

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Collections Collection Agencies Collections Agency Accounts Receivables Management 156

American Profit Recovery

JANUARY 16, 2021

While many businesses can understand and prepare for the ups and downs of the economy, we have yet to find anybody that had a plan in place for what a pandemic could do to business. And if you have monitored your business expenses closely, you can still find areas for adjustment and even cutting. Review your receivables.

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Collection Agencies Collections Agency Collections 172

American Profit Recovery

NOVEMBER 1, 2021

Improving cash flow should be a year-round process for your organization. Looking at the backbone of your business should not happen once a year. It should always be a top priority when running a business of any size. If your business does have any challenges with cash flow, you’ll want to correct those before you start off the new year.

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Collection Agencies Collections Agency Debt collector Collections 201

American Profit Recovery

JANUARY 5, 2024

Choosing the right collection agency can save customer relationships Again, you heard that right. And that’s why you need to choose the collection agency for your business carefully. Yes, you want them to collect the money your customers owe you, but you also want them to preserve the relationships you have built.

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Collection Agencies Collections Agency Collections 201

American Profit Recovery

OCTOBER 13, 2022

Before it gets too late and you find yourself in a troubling situation where hard decisions need to be made, it is a smart move and a wise investment of your time to hit the pause button and analyze anything affecting your cash flow. Once again, our lawn care clients we handle debt collections for are a great example.

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Collection Agencies Collections Agency Collections Trade 177

American Profit Recovery

MAY 25, 2022

There are the obvious parts of a business such as creating a great product or service, pricing and marketing those appropriately, finding your target market and so much more. Finding that team and building longevity with those individuals means that you need to build a culture that allows them to thrive as well.

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Collections Collection Agencies Collections Agency Debt collector 183

American Profit Recovery

DECEMBER 4, 2020

If your organization has had challenges in getting customers to pay or pay on time, you have most likely taken the steps to work with a collection agency. The right agency will help you get back on track as well as help your customers find a solution to their ongoing debt. Onboarding. Submitting accounts.

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Collection Agencies Collections Agency Collections Credit Bureau 164

American Profit Recovery

MARCH 4, 2022

Everyone here at American Profit Recovery understands that as a collection agency we need to be as transparent as possible. When consumers have accounts in collections, it’s really important they work closely with that collection agency to resolve the matter. And our team here always wants to do our part.

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Debt collector Collection Agencies Collections Agency Education 207

Nexa Collect

DECEMBER 27, 2020

It is a common practice for police and regional transport authorities to hire a collection agency to recover these unpaid debts. Need a Collection Agency for Unpaid Tickets? Courts and law enforcement agencies charge the original fine plus late penalties once an account is forwarded to collections.

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Collection Agencies Collections Agency Collections Debtor 130

Nexa Collect

AUGUST 6, 2020

While it’s smart to initially attempt collection on your own, there’s only so much work you should do. Trying to collect a bad debt is draining on your time and your resources. Eventually, it makes sense to pass the task on to a professional debt collection company. Need a Collection Agency easy to work with?

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Collections Collection Agencies Collections Agency Fair Debt Collection 130

Nexa Collect

MAY 16, 2021

A collection agency can work with your employee professionally and legally to ensure that you get your money back. Need a collection agency? A standard practice among all good collection agencies is to use the Skip Tracing service to find out the latest whereabouts of the debtor or the offender.

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Collection Agencies Collections Agency Collections Debt collector 130

American Profit Recovery

APRIL 13, 2021

Sending a customer to collections can be a big step for a small business. Depending on the type of business you are operating you may have a regular need for debt collections, or you may just have a few accounts that have been lagging in payments. We have spoken with many business owners and others over the years about collections.

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Collections Collection Agencies Collections Agency 184

American Profit Recovery

DECEMBER 29, 2022

Consumers and the business community should be comforted knowing there has been a consistent industry-wide effort in collections to humanize the process. More and more collection agencies understand the value and critical nature of tactful and respectful communications with consumers. Consumers thank nice debt collectors.

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Debt collector Collection Agencies Collections Agency Collections 130

American Profit Recovery

AUGUST 3, 2021

However, we find many companies both large and small businesses can make some critical mistakes when trying to implement collection activity for unpaid invoices. Here are just a few mistakes not to make when you need to collect money from customers. Waiting far too long to implement collection activity.

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Collections Collection Agencies Collections Agency Debt collector 216

American Profit Recovery

OCTOBER 28, 2020

There are many reasons collection agencies exist. And while many consumers do not like being on the receiving end of a communication from a collection agency, companies like ours provide a necessary service to organizations that have challenges in getting their customers and clients to pay or pay on time.

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Collection Agencies Collections Agency Retrieval Collections 215

American Profit Recovery

AUGUST 25, 2021

Here are a few tips from our experts on how to improve the accounts receivable process in your organization before the need for a debt collection agency. But unfortunately, it’s one we need to keep bringing up because oftentimes when we meet with new clients, we find that there can be delays when invoicing customers.

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Collection Agencies Collections Agency Collections 246

Nexa Collect

JULY 2, 2020

With a quick search, you will find tons of information online about patient accounts receivable (AR), medical billing, and unpaid medical debt as it pertains to hospitals, doctor’s offices, and all other manner of specialty and medical facility. What you won’t find is a lot of information about patient AR and medical testing laboratories.

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Collection Agencies Collections Agency Collections Debt collector 130

Credit Corp

JUNE 1, 2023

Your credit score may improve if your collection debt is reported to a new credit scoring model—FICO 9®, FICO 10®, VantageScore 3.0® If you’ve gotten behind on payments to a creditor or lender, your debt could be sent to collections after around 120 days of missed payments. In This Piece: What Is Collections Debt?

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Collections Debt collector Collection Agencies Collections Agency 127

Troutman Sanders

DECEMBER 14, 2023

On December 13, New York Governor Kathy Hochul signed into law S4907A , which prohibits hospitals, medical providers, or ambulance services from providing negative information about medical debt to consumer reporting agencies (CRAs). Any debt that is reported to a CRA will be deemed void. New York is not alone in targeting medical debt.

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Fair Debt Collection Collection Agencies Collections Agency Creditors 98

Credit Corp

APRIL 23, 2024

Or, if you don’t pay off the debt, by being listed as a charge-off or an item in collections on your credit reports. If you don’t make payments on your medical debt, like other types of debt your medical debt can be charged off and sent to collections. Medical debt can have a direct impact on your credit score in a few different ways.

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Debt collector Collection Agencies Collections Agency Collections 52

American Profit Recovery

MARCH 31, 2021

Extending courtesy such as the benefit of the doubt is just the right thing to do when collecting on an overdue dental bill. When it comes to dental debt collections, being nice is just an effective way to improve your bottom line and get someone to the table for payment. One of the reasons is the lack of prompt payments and cash flow.

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Collections Collection Agencies Collections Agency 242

Credit Corp

DECEMBER 12, 2022

Gather Information Request Verification of Debt File a Dispute Make Sure It’s Listed as Medical Debt Can You Negotiate Medical Bills in Collection? These collection agencies handle hundreds of thousands of claims. There are also a lot of scam agencies that are not authorized to collect medical debt. In This Piece.

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Debt collector Collection Agencies Collections Agency Collections 97

Nexa Collect

JUNE 12, 2023

Insurance Navigators : Employ insurance navigators who can help patients find the best insurance plan that suits their needs and budget. Outsource Collections : For healthcare providers, outsourcing the collections process to a specialized agency is more effective than trying to handle it internally.

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Healthcare Collection Agencies Collections Agency Education 100

American Profit Recovery

JANUARY 18, 2021

As a collection agency working with large businesses and small organizations, we tend to be on the front lines of helping these companies improve cash flow. Using a collection agency should not be the last resort. Finding an agency that understands you need to keep your customers is very important.

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Collection Agencies Collections Agency Collections Collection Companies 135

Nexa Collect

AUGUST 8, 2020

Collecting outstanding debt isn’t an easy process. Companies will generally try to collect on their outstanding accounts internally before passing their most egregious cases on to an external debt collection agency. Are collection agencies effective enough to warrant their fees? But how wise is this?

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Collection Agencies Collections Agency Collections Debt Recovery 130