Account Recovery

JANUARY 7, 2022

That particular individual is alleging that it does, accusing a collector of violating the Fair Debt Collection Practices Act in a class-action lawsuit. NCLC PUBLISHES GUIDE OF STATE CONSUMER PROTECTION LAWS GOING INTO EFFECT IN … The post Daily Digest – January 7.

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Enterprise Recovery

OCTOBER 14, 2022

When making the decision to use commercial debt collection services, businesses should be choosy. The collections specialists will be speaking to your clients on your behalf. Here's a helpful guide to choosing the best commercial collection services.

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Account Recovery

JANUARY 8, 2021

NEW GUIDE OFFERS INSIGHTS INTO COMPLYING WITH CFPB’S DEBT COLLECTION RULE I am excited to announce the launch of a new section of AccountsRecovery.net, which aims to help the ARM industry better understand the Consumer Financial Protection Bureau’s debt collection rule and to help make the decisions and changes needed to comply with it.

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Debt RR

SEPTEMBER 9, 2020

You can initiate a formal debt clearance process through debt collection letters, which we will look at in this article. Conversely, if your business is on the receiving end of this letter, we also discuss the nitty-gritty of the debt collection letter. The Basics of a Debt Collection Letter.

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Account Recovery

DECEMBER 1, 2021

Given all the blood, sweat, and tears that went into bringing Regulation F into this world, I would have expected the Consumer Financial Protection Bureau to do something to commemorate the enactment of the debt collection rule yesterday, but it instead chose a more understated approach, opting to take the opportunity to educate consumers about … (..)

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Account Recovery

NOVEMBER 17, 2021

GEORGE, UTAH, NOVEMBER 16, 2021 — TCN, Inc.,

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Account Recovery

FEBRUARY 2, 2023

The National Consumer Law Center has released an update to its book, “Surviving Debt,” which aims to serve as a financial guide for consumers and includes chapters on responding to debt collectors and dealing with collection lawsuits. The book costs $20 and is available by clicking here.

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Account Recovery

JANUARY 8, 2021

In one episode, the staff is debating the best way to stimulate the economy and the president says, “… everybody’s got a magic lever … The post New Guide Offers Insights into Complying With CFPB’s Debt Collection Rule appeared first on AccountsRecovery.net.

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American Profit Recovery

OCTOBER 11, 2022

Over the past couple of years, you may have noticed that our team has paid particular attention to tracking the compliments and kind words that consumers give our debt collectors. There are several reasons why part of our collection team’s job is maintaining a record of the compliments received.

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True Accord

MAY 1, 2024

Telecom Industry Evolves, But Call-and-Collect Can’t Keep Up The telecommunications industry has evolved hand-in-hand with most consumer communication preferences throughout the decades. From the last remaining landlines to mobile and internet services, it’s challenging to find a consumer that doesn’t subscribe to a Telecom service.

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American Profit Recovery

MARCH 2, 2022

Before sending any customer to a debt collection agency, it’s important for a business of any size to conduct its due diligence to try and resolve that matter. Having an established relationship with a reputable collection agency is an important part of your overall accounts receivable program.

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Qualco

APRIL 18, 2024

Responsible debt collection practices have become vital for financial institutions looking to build trust, enhance customer relationships, and contribute to a fair financial landscape. At the same time , the collection landscape is undergoing a significant shift driven by the prevalence of digital channels.

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Credit Corp

FEBRUARY 23, 2024

Zombie debt is a broad term that refers to past debts that are still affecting you. An example of zombie debt is a three-year-old loan that should be paid off. The term “zombie debt” refers to a past debt that shouldn’t affect you anymore yet continues to appear on your credit report. How Does Zombie Debt Work?

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Direct Recovery

MAY 4, 2024

Many companies hire a collection agency to handle their problematic or delinquent accounts when that happens. We have previously discussed strategies for evaluating your existing debt collection agency, but there are slightly different qualifications you should consider when evaluating an agency you have not previously worked with.

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Collections Law

APRIL 2, 2024

Securing an ex parte attachment to obtain pre-judgment security as part of a collections lawsuit can help to alleviate these concerns. Cohen & Associates LLC, our experienced, relentless and innovative commercial debt collection attorneys have over 50 years of collective experience. At Law Offices of Alan M.

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UK debt collections

JANUARY 4, 2024

How to Chase Unpaid Invoices: An Expert Guide As a business owner , one of the most frustrating parts of running your own company is dealing with unpaid invoices. We have called upon the expertise of the highly experienced Business Debt Collection specialists, Federal Management to help us compile this handy guide.

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Taurus Collect

APRIL 9, 2024

In the dynamic landscape of business, maintaining a healthy cash flow remains a paramount challenge, particularly in the face of rising collection costs. This is where the innovative concept of No Cure No Pay debt collection in the UK presents a compelling solution. It’s part art, part science, and entirely essential.

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Collections Debt Recovery Collection Agencies Collections Agency 72

Collections Law

MARCH 19, 2024

Securing an ex parte attachment to obtain pre-judgment security as part of a collections lawsuit can help to alleviate these concerns. Cohen & Associates LLC, our experienced, relentless and innovative commercial debt collection attorneys have over 50 years of collective experience. At Law Offices of Alan M.

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Collections Judgment Debtor Commercial Collection 52

Collections Law

MAY 11, 2022

When someone owes you money, the law provides several ways for you to collect on the debt. A court may issue you a writ of execution to allow you to collect certain property from your debtor in order to satisfy the debt. How long do you have to collect on the writ of execution? At Law Offices of Alan M.

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FFGN COLLECT NY

FEBRUARY 21, 2024

To enforce your rights to get paid, you filed a New York debt collection case. What are the penalties for debt collection non-compliance? Affirmative defenses set forth a” legal reason” why the defendant should defeat your debt collection cases causing you to lose your chance to get paid. The answer depends.

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JMA

JANUARY 24, 2023

When it comes to debt collection, early payment refers to a situation in which a debtor chooses to pay off their outstanding balance before the due date or before it has been sent to a collection agency. The decision to make an early payment on debt should be carefully evaluated by both the borrower and.

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Debtor Creditors Collection Agencies Collections Agency 52

True Accord

JULY 7, 2022

Debt recovery and collection look quite different in 2022 than it did ten, five, even just a year ago: new channels to reach consumers, larger data sets to analyze, complex regulations that can vary state by state, and so much more. Decoding Machine Learning for Debt Collection and Recovery.

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Troutman Sanders

FEBRUARY 8, 2021

On January 21, the CFPB issued a Small Entity Compliance Guide summarizing the October 2020 Debt Collection Rule. The Debt Collection Rule amends Regulation F, 12 CFR Part 1006 and becomes effective on November 30, 2021.

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Debt collector Collections Fair Debt Collection Government 59

Hudson Weir

AUGUST 21, 2023

In this guide we explore HMRC debt management and collection, including the options if your business is struggling to make a repayment. The National Audit Office reports the total tax debt reached £42bn in September 2021, up from £16bn in January 2020 before COVID-19. If that’s the case, your company isn’t alone.

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FFGN COLLECT NY

DECEMBER 10, 2023

Did you know that the debt collection industry in the US is valued at $20.3 With a growth rate of 4.4%, finding a solution to expedite the debt collection process is crucial. Individuals and businesses involved in debt collection must overcome numerous hurdles, including the legal consequences and technological hurdles.

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FFGN COLLECT NY

DECEMBER 12, 2023

Is there a law in NYC that protects consumers and debtors from debt collecting agencies, businesses, and their attorneys? Suppose you are under constant pressure from these agencies and their legal representatives to settle your debt. Consumers must be aware that the debt they are being collected for is valid.

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Qualco

MARCH 12, 2024

In our recent study on the collections sector conducted in partnership with Deloitte France, difficulty in finding the right staff emerged as a key challenge for respondents, both among those managing Banks’ collections departments and those overseeing servicing operations. This seems to be a recurring theme.

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Direct Recovery

APRIL 16, 2023

Hiring a commercial debt collection agency could be the best or worst thing you ever do for your business, no matter what product or service you specialize in. In almost every case, the result of partnering with a debt collection agency will be determined by the caliber of agency you choose to work with.

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Hudson Weir

APRIL 12, 2024

For a company in debt threatened with an enforcement notice, it’s important to explore the different viable business recovery options but you may want to know, what can bailiffs take? If your business is in debt and creditors are trying to reclaim their money, this is a tough period that requires careful navigation.

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FFGN COLLECT NY

DECEMBER 11, 2023

An experienced legal professional knows that any misstep during debt collection can lead to serious legal repercussions. To collect debt for a client, New York attorneys must understand and implement ethical practices during debt collection. Be clear and respectful.

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Arbeit Software

FEBRUARY 23, 2022

Now is a great time to start imagining ways to incorporate email into your strategy, and this guide is a great place to start! Thought leaders and consumers both shared how email can fit into your current debt collection outreach. The post How Are Debt Collection Agencies Using Email in 2022?

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Collection Agencies Collections Agency Collections 52

Taurus Collect

FEBRUARY 1, 2024

Dealing with unpaid debts can be a challenging aspect of financial management both for businesses and individuals. That’s where a debt collections service steps in—a critical intermediary that takes on the task of pursuing delinquent accounts to ensure that owed funds are recovered.

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Debt collector Debtor Collection Agencies Collections Agency 52

Credit Corp

MAY 17, 2021

But those who are struggling with debt might wonder: Can my stimulus check be garnished for credit card debt or other money owed. The short answer is yes, but it depends on the type of debt you’re dealing with. The short answer is yes, but it depends on the type of debt you’re dealing with. Child Support: No.

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Taurus Collect

JANUARY 10, 2024

Navigating the labyrinth of commercial debt collection laws in the UK can be daunting for businesses. This blog post aims to shed light on UK commercial debt collection laws and regulations. The Fair Trading Act : This law prevents businesses from using unfair tactics when they are collecting debts.

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Qualco

JANUARY 26, 2024

Over-indebtedness refers to situations where debtors face difficulties meeting financial obligations due to immediate payment challenges or chronic issues like insolvency, where debts outweigh assets. The primary criterion for eli gibility is that individuals must have debts to at least two different creditors.

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Qualco

JANUARY 26, 2024

Over-indebtedness refers to situations where debtors face difficulties meeting financial obligations due to immediate payment challenges or chronic issues like insolvency, where debts outweigh assets. The primary criterion for eli gibility is that individuals must have debts to at least two different creditors.

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Nexa Collect

APRIL 11, 2021

The debt collection industry has been through one of its most difficult periods in modern history, and the recovery looks slow and prolonged. Performance of Collection Agencies during Covid-19 Pandemic. Economic downturns create a huge opportunity for the debt collection industry.

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