American Profit Recovery

JANUARY 12, 2024

Of course, pay attention to laws that apply to debt collections. Just remember, life happens for all of us and the more effective your communication is with those customers that have not paid, can go a long way in keeping that relationship alive. But you and your team must pay particular attention to how you communicate.

Collection Agencies 179

Collection Agencies Collections Agency Collections 179

Credits Inc

OCTOBER 26, 2019

For this reason, creditors are hiring debt collection agencies to collect debts that are 60 days past the agreed period. Therefore, the agencies act as middlemen collecting any delinquent loans. Debt collection agencies communicate to debtors via calls, letters, or emails.

Collection Agencies 40

Collection Agencies Collections Agency Collections Debtor 40

Account Recovery

DECEMBER 8, 2022

The enactment of … The post Reg F Did Little to Push Agencies Into Using Email, Text: Survey first appeared on AccountsRecovery.net. The enactment of … The post Reg F Did Little to Push Agencies Into Using Email, Text: Survey first appeared on AccountsRecovery.net.

Third-party Debt Collectors 246

Third-party Debt Collectors Debt collector Collections 246

Account Recovery

FEBRUARY 8, 2022

The Debt Collection Licensing Act in California has been in effect for a month and already changes are being proposed, in the form of expanding the definition of what constitutes a collection agency.

Collection Agencies 243

Collection Agencies Collections Agency Collections 243

Account Recovery

AUGUST 19, 2022

The Colorado Attorney General’s office has sent a memo to licensed collection agencies in the state, making sure they are aware that a new law is going into effect on September 1 that will change how medical debts are collected in certain situations. A copy of the entire memo can be accessed by clicking here.

Collections 246

Collections Collection Agencies Collections Agency Healthcare 246

American Profit Recovery

MARCH 1, 2023

And it’s meaningful advice that is coming straight from the people that you may not always be interested in speaking with, debt collectors. A common question in this industry and on Internet searches is how to deal with debt collectors. But that’s about to change! The key here is “work with.” NOT “deal with.”

Collection Agencies 202

Collection Agencies Collections Agency Debt collector Collections 202

American Profit Recovery

FEBRUARY 7, 2023

What type of results should I expect from using a collection agency for my business? If your organization has made the decision to move forward on hiring a debt collection agency, you’ll be asking some common questions. What does the agency need from us? How does the process work?

Collection Agencies 208

Collection Agencies Collections Agency Collections 208

Account Recovery

MARCH 10, 2023

COMPLAINT ACCUSES COLLECTOR OF DEBT PARKING We haven’t seen a lot of these types of lawsuits, even though people expected to see a lot of them filed after Regulation F went into effect. Complaint Accuses Collector of Debt Parking; Details About Visa’s New Rules for Collection Agencies first appeared on AccountsRecovery.net.

Collection Agencies 130

Collection Agencies Collections Agency Fair Debt Collection Collections 130

Account Recovery

JUNE 29, 2021

A dozen collection agencies, plus ACA International and the Nevada Collectors Association have filed a lawsuit against the state of Nevada seeking to block the enactment of a new law that governs how medical debts are to be collected in the state.

Collections 237

Collections Collection Agencies Collections Agency Government 237

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. We always advise the organizations we work with to have an internal debt collection strategy prior to issuing accounts to a collection agency.

Collections 210

Collections Collection Agencies Collections Agency Debt collector 210

American Profit Recovery

MAY 31, 2022

Choosing a third-party collection agency Is a big step for some businesses. Many businesses have tried various tactics and strategies using internal resources, but there comes a time when you need to seek outside help for collections. A collection agency should understand respect and dignity. Here are just a few.

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Collection Agencies Collections Agency Collections Debt collector 213

American Profit Recovery

APRIL 3, 2023

While using a debt collection agency is one strategy, many more factors affect positive cash flow. After all, we know this because we are a debt collection agency. That involves improving your internal procedures, payment options, expectations of payments and using a third party debt collection agency.

Collection Agencies 215

Collection Agencies Collections Agency Collections 215

Account Recovery

OCTOBER 1, 2020

A new rule in New York City requiring collection agencies let individuals know if they offer translation or services in languages other than English that went into effect in June will start being enforced today by the city’s Department of Consumer and Worker Protection.

Collection Agencies 246

Collection Agencies Collections Agency Collections 246

American Profit Recovery

JUNE 28, 2023

There have been many shifts in the debt collection industry over the past several years. And the trends and updates that many in the collection industry have worked hard on, are moving the industry in a positive way. Check out the words that are becoming the “norm” in collections.

Collections 130

Collections Debt collector Collection Agencies Collections Agency 130

Nexa Collect

JUNE 10, 2023

AI, or artificial intelligence, has the potential to impact the field of debt collection significantly. Debt collection involves pursuing individuals or businesses to repay outstanding debts. Lowering Collection Costs: Human debt collectors take a significant percentage of all money recovered by them.

Collections 130

Collections Debtor Collection Agencies Collections Agency 130

Taurus Collect

APRIL 9, 2024

This is particularly true in the realm of business debt collection in the UK, where unpaid invoices can quickly become a thorn in the side of your financial stability. This is particularly true in the realm of business debt collection in the UK, where unpaid invoices can quickly become a thorn in the side of your financial stability.

Collection Agencies 52

Collection Agencies Collections Agency Collections Debt Recovery 52

Nexa Collect

JUNE 4, 2022

Many collection agencies have shut down recently due to the following reasons. Covid-19 Pandemic : Collection agencies were barred from collecting money in many states during the pandemic, impacting revenue from existing accounts. Medical debts form nearly 50% of consumer debt collections.

Collection Agencies 130

Collection Agencies Collections Agency Collections Debt Recovery 130

Nexa Collect

JANUARY 25, 2023

Business and medical professionals seeking to hire a collection agency always wonder if the agency they hire is ethical or if it may damage their reputation. Here are some valuable tips on how collection agencies can maintain a good reputation online and offline. People in this group can be real decision-makers.

Collection Agencies 130

Collection Agencies Collections Agency Collections Debtor 130

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.

Collections 72

Collections Debt Recovery Collection Agencies Collections Agency 72

Account Recovery

JANUARY 27, 2023

Getting into the heads of consumers is an important part of being a good debt collector and a good debt collection agency. The post How Consumers Determine Which Bills to Pay appeared first on AccountsRecovery.net.

Debt collector 130

Debt collector Collection Agencies Collections Agency Collections 130

Nexa Collect

JANUARY 6, 2022

The probability of collecting money from unpaid invoices decreases as time passes by. Outsourcing collections to a professional debt collector raises the probability of getting paid by many folds. Outsourcing collections to a professional debt collector raises the probability of getting paid by many folds.

Collection Agencies 130

Collection Agencies Collections Agency Collections Debt collector 130

Nexa Collect

JULY 13, 2021

Construction equipment companies have an ongoing requirement for debt collection from businesses (and sometimes individuals) who do not pay the agreed-upon rental dues on time. An experienced collection agency that has extensive experience in commercial collections is a perfect choice. Contact Us.

Collection Agencies 130

Collection Agencies Collections Agency Construction Collections 130

Nexa Collect

JUNE 23, 2023

Collection agency letters can impact debtors, depending on factors such as the debtor’s financial situation, emotional state, and knowledge of their rights and responsibilities. Here are some potential impacts: Stress and Anxiety : Receiving a letter from a collection agency can cause significant stress and anxiety for debtors.

Collection Agencies 100

Collection Agencies Collections Agency Debtor Collections 100

American Profit Recovery

MARCH 30, 2023

As a debt collection agency that works with small business and large organizations, we hear the disappointments regularly from people just like you we are consulting with. When we conduct our free consultations for debt collections , it’s one of the first things we hear. And you begin to wonder why.

Collections 130

Collections Collection Agencies Collections Agency Fair Debt Collection 130

American Profit Recovery

AUGUST 11, 2021

That includes how we can work in the best interest of the clients that hire us, the consumers that are struggling with their finances, and the overall health and effectiveness of the collection industry. And that is definitely the case when it comes to debt collections. We have always wanted to do our part.

Collections 246

Collections Collection Agencies Collections Agency Education 246

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.

Collection Agencies 201

Collection Agencies Collections Agency Collections 201

American Profit Recovery

DECEMBER 1, 2021

We’ve always been big advocates when it comes to educating consumers on their rights when it comes to debt collections as well as how to effectively work with a collector to take care of financial obligations. The collection industry as a whole is doing its part as well. What can be found on Know My Debt ?

Debt collector 208

Debt collector Collections Education Collection Agencies 208

American Profit Recovery

OCTOBER 13, 2022

We handle debt collections for lawn care businesses, as well as others such as professional plumbers, electricians, and others in the trades that rely heavily on transportation to conduct their work. Many small businesses continue the same approach year after year without taking the time to analyze if they are effective.

Collection Agencies 177

Collection Agencies Collections Agency Collections Trade 177

Nexa Collect

AUGUST 8, 2020

Collecting outstanding debt isn’t an easy process. None of these situations are amenable to fast debt recovery. Companies will generally try to collect on their outstanding accounts internally before passing their most egregious cases on to an external debt collection agency. But how wise is this?

Collection Agencies 130

Collection Agencies Collections Agency Collections Debt Recovery 130

Nexa Collect

JULY 28, 2020

Collecting outstanding debt isn’t an easy process. None of these situations are amenable to fast debt recovery. Companies will generally try to collect on their outstanding accounts internally before passing their most egregious cases on to an external debt collection agency. But how wise is this?

Collection Agencies 130

Collection Agencies Collections Agency Collections Debt Recovery 130

American Profit Recovery

JUNE 20, 2022

The effects of the pandemic continue to cause challenges for consumers and the US economy as well as many other factors. We learned a lot about debt collections during the COVID-19 pandemic. Consumers as well as the business community have been through a lot during the two-plus years of dealing with the COVID-19 pandemic.

Collection Agencies 190

Collection Agencies Collections Agency Debt collector Collections 190

Nexa Collect

JANUARY 24, 2022

The best time to assign an account to a collection agency is when the debt is right around 90 days past due. or your patient’s mind, in case of medical debts). A collection agency will typically recover 75% of your money when the account is assigned at 90 days. Need a cost effective collection agency?

Collection Agencies 130

Collection Agencies Collections Agency Collections Debt collector 130

Nexa Collect

MAY 23, 2022

A debt collection agency will almost always allow you to make payments in installments. You will likely strike a deal to settle the debt for a lower amount (keep insisting). Installments result in more work for collection agencies. No more harassment from collection agencies or their lawyers.

Debt collector 130

Debt collector Collection Agencies Collections Agency Lawyers 130

Taurus Collect

MARCH 5, 2024

In the UK, an innovative approach offered by many a debt collector is the ‘no win, no fee’ model, providing a risk-free solution for startups to pursue owed money. This model not only alleviates the financial pressure on emerging businesses but also ensures that debt collecting in the UK becomes a more accessible process.

Startups 52

Startups Collections Debt Recovery Collection Agencies 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 any type of business interaction or negotiation, being kind is just more effective. It is the right thing to do, but it is far more effective in getting paid from a tactical perspective.

Collections 242

Collections Collection Agencies Collections Agency 242

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. consumer reports, discussed here.

Fair Debt Collection 98

Fair Debt Collection Collection Agencies Collections Agency Creditors 98

Nexa Collect

SEPTEMBER 1, 2020

But you are skeptical about sending accounts for collections, fearing a potential loss of reputation or hoping that your patient will magically pay you without the involvement of a 3rd party collector. . After overcoming your reluctance, you eventually decide to send past-due accounts for collections. What went wrong? Still no payment?

Collections 130

Collections Collection Agencies Collections Agency Debt collector 130