Enterprise Recovery

MAY 13, 2022

Although this is pre-engagement and on the front end of the A/R and collection process, it’s still an important part of any B2B accounting process. To help reduce delinquencies and bad debt write-offs, businesses should put focus on the front-end credit analysis process prior to contracting with a new client.

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Collections 196

Account Recovery

NOVEMBER 30, 2022

Companies nationwide in the accounts receivable management industry have felt the pinch in their wallets during the past two years thanks to rising wages being paid to collection agents, customer service representatives, and other contact center workers. But maybe there is a light at the end of the tunnel.

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Accounts Receivables Management Collection Agent Collections 246

Account Recovery

DECEMBER 30, 2022

UNDERSTANDING HOW MANAGEMENT TRAINING IS DIFFERENT THAN REGULAR TRAINING Teaching someone to be a collector is a fairly straightforward process because you know at the end of the training, you want those individuals to be able to collect debts, compliantly, empathetically, and persuasively. The post Daily Digest – December 30.

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Collections 246

Account Recovery

MAY 3, 2022

A class-action complaint originally filed in state court in Florida has been removed to federal court at the request of the defendant, which is being sued for violating the Fair Debt Collection Practices Act for a number of alleged violations, including not providing a proper end of the validation period as required under Regulation F.

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Fair Debt Collection Collections 246

Account Recovery

JULY 13, 2021

EMERGENCY COLLECTION BILLS INTRODUCED IN DISTRICT OF COLUMBIA A pair of bills have been introduced in Washington, D.C., that seek to implement temporary restrictions on how debts are collected in the District now that it is ending the pandemic emergency declaration that was enacted last year.

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Lender Collections 246

Account Recovery

JULY 13, 2021

that seek to implement temporary restrictions on how debts are collected in the District now that it is ending the pandemic emergency declaration that was enacted last year. Council, and Karl Racine, the … The post Emergency Collection Bills Introduced in District of Columbia appeared first on AccountsRecovery.net.

Collections 246

Collections 246

Account Recovery

FEBRUARY 25, 2022

Defaulting on payments and ending up in debt collection is the fourth-most popular regret among consumers with respect to their financial situations, according to the results of a poll commissioned by TrueAccord, which it released earlier this week.

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Credit Card Debt Collections 246

Account Recovery

JUNE 3, 2022

JUDGE GRANTS MOTION TO REMAND HUNSTEIN COPYCAT BACK TO STATE COURT This is one of those articles where the lede gets buried, but I think it’s worth reading all the way to the end, especially if you’re interested in Hunstein-related lawsuits.

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Collections 244

American Profit Recovery

OCTOBER 20, 2022

As the end of the year approaches, a question that many creditors grapple with is, “ Should I assign slow-pay/delinquent customers to collections around the holidays ?” There are many reasons why it benefits a business, as well as its customers, to have past-due accounts placed in collections during the holiday season.

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Collections Debt collector Creditors 200

Account Recovery

JANUARY 28, 2022

A defendant in a Fair Debt Collection Practices Act case may have won the battle in having its motion for summary judgment granted for lack of standing, but could end up losing the war after a Magistrate Court judge granted a plaintiffs’ motion for Reconsideration, Correction, and Remand, sending the case back to state court.

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Fair Debt Collection Judgment Collections 246

Account Recovery

FEBRUARY 4, 2021

There is a perception in the industry that compliance and empathy sit on opposite ends of a seesaw, and the ultimate goal for any collection operation is to find the balance between the two. But that is not necessarily the case.

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Collections 246

Account Recovery

SEPTEMBER 27, 2021

Well, at the end of the day, what is recreated is still a song or a famous speech? Similarly, plaintiffs can’t parse words in collection letters and accuse a collector … The post Judge Grants MTD Over Settlement Language in Letter appeared first on AccountsRecovery.net.

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Collections 246

American Profit Recovery

NOVEMBER 1, 2021

That being said, when we get towards the end of the year, it does provide a business with an opportunity to take a deeper look at the health of the business and ways to improve cash flow before the start of a new year. Review your pricing before the end of the year. Sit down with advisors to understand your cash flow.

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Collection Agencies Collections Agency Debt collector Collections 202

American Profit Recovery

FEBRUARY 22, 2023

Collections, with a customer-service approach…” is how we approach these communications. Every day, we are helping consumers realize that we are real people on the other end of the line, who understand that life happens, and that we can help when things get tough. Thank you so much for hearing me out, you don’t get that often.”

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Collections 224

Account Recovery

JULY 27, 2021

At the end of the day, all you can control are your own actions. A District Court judge in Michigan opted to place blame where it lies, which was not with a collection agency that reported to the credit … The post Judge Grants MSJ For Defense in FDCPA Case Over Disputed Debt appeared first on AccountsRecovery.net.

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Collection Agencies Collections Agency Collections 246

Account Recovery

JANUARY 28, 2022

Judge Grants Reconsideration Motion to Remand Case Back to State Court; New Investments, Innovations in Credit Scoring appeared first on AccountsRecovery.net.

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Fair Debt Collection Judgment Collections 241

Account Recovery

MAY 17, 2023

Is there a light at the end of the tunnel for companies facing claims that they did not remove a dispute notification from an account after a consumer rescinded a dispute? A District Court judge in Georgia has granted requests from plaintiffs in two separate Fair Debt Collection Practices Act lawsuits seeking to voluntarily dismiss …

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Fair Debt Collection Collections 130

Account Recovery

FEBRUARY 17, 2023

The amount of outstanding debt hit $16.9 The amount of outstanding debt hit $16.9 The post Delinquency Rates Keep Rising, Even Though Placement Levels Continue Falling appeared first on AccountsRecovery.net.

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Credit Card Debt Collection Agencies Collections Agency Collections 130

Nexa Collect

FEBRUARY 15, 2023

It is common for collection agencies to charge an onboarding fee to their new customers. However, a few good collection agencies with nationwide coverage waive their setup fee from time to time. Contact us if you need a collection agency with the following features. High collection rates and an easy-to-use online client portal.

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Collection Agencies Collections Agency Collections Credit Bureau 130

American Profit Recovery

NOVEMBER 30, 2022

By Angela: The perception of debt collections has changed dramatically in recent years. For many years the public had an image of collection agencies that just focused on collecting money. The post Breaking Barriers in Debt Collections appeared first on American Profit Recovery.

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Collections Debt collector Collection Agencies Collections Agency 187

American Profit Recovery

SEPTEMBER 8, 2023

Many organizations we encounter have waited far too long to implement a solid debt collection program. Because of this, many businesses suffer negative cash flow and these issues could have been prevented by being proactive with their collection activities. That makes it difficult to repay that debt, even if they intended to.

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Collections Bankruptcy Collection Agencies Collections Agency 231

Account Recovery

DECEMBER 10, 2020

It can be tough for a collector to not give up on a collection call when an individual on the other end of the phone says something along the lines of, “I can’t pay this today” or “I don’t want to pay it.”

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Collections 246

American Profit Recovery

JANUARY 5, 2023

In the debt collection industry, words are what speak louder than actions. It’s nice at the end of the work week to see the great reviews posted online from individuals we helped by using verbal communication as our primary source of contacting them. We are proud of the recent compliments given to our debt collection team.

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Collections 210

American Profit Recovery

JUNE 23, 2023

We speak to business owners and other decision-makers all the time when it comes to debt collections and there is one question they ask repeatedly. This is another sign that you will either eventually end up in a dispute about service or price or that the customer is having trouble paying their bills. But then payment never shows up.

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Collection Agencies Collections Agency Collections 162

Account Recovery

AUGUST 14, 2020

The Idaho Department of Finance has extended its guidance allowing collection agency employees to work from home without needing to obtain branch licenses until December 31. The allowance was due to expire on September 1.

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Collection Agencies Collections Agency Collections 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. But the evidence shows that the restaurants that lagged behind, ended up either going out of business or selling. Before you hire a collection agency.

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Collection Agencies Collections Agency Collections Debt collector 228

Account Recovery

FEBRUARY 23, 2023

to cover the attorney’s fees incurred by the defendant in a Fair Debt Collection Practices Act case, bringing an end to a case where the attorney admitted to acting “petty” and was accused of prolonging the litigation to augment his recovery.

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Fair Debt Collection Collections 130

American Profit Recovery

JUNE 9, 2022

This means understanding why the consumer was actually sent to collections. When prices go up, we then see a shift in the number of people requesting services and it can still ultimately end up closing a business in the long run. The post I can’t believe I’m in collections appeared first on American Profit Recovery.

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Collections Debt collector Collection Agencies Collections Agency 222

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

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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Debt Recovery Financial Institution Fair Debt Collection Collections 52

Credit Corp

MAY 9, 2023

Keep reading to learn more about what statutes of limitations on debt collection are and how they work. Keep reading to learn more about what statutes of limitations on debt collection are and how they work. In This Piece What Is a Statute of Limitations on Collections? What Is a Statute of Limitations on Collections?

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Collections Debt collector Creditors Student loans 97

American Profit Recovery

NOVEMBER 2, 2022

To say there is endless misinformation about debt collections in the media and on the Internet would be a vast understatement. Right up front, you should know that the debt collection industry provides critical and necessary support to not only consumers and the business community but the overall economy. And one other thing we know.

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Collections Collection Agencies Collections Agency Debt collector 130

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. Want to know more about managing your expectations of using a debt collection agency?

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Collection Agencies Collections Agency Collections 209

Account Recovery

JULY 28, 2020

The Attorney General of Maryland has proposed extending a moratorium on evictions and debt collection actions through Jan. The moratorium, which ended July 25, prohibited debt collection cases in state courts.

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Collections Government 147

American Profit Recovery

OCTOBER 31, 2022

We are entering a new type of economy in the coming months. If your small business wants to be prepared to weather the changing economic conditions, now is the time to act and put the systems in place to ensure your organization continues to thrive. You may already be seeing and experiencing the effects of our changing economy.

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Collection Agencies Collections Agency Collections 174

American Profit Recovery

MAY 3, 2023

Eight years ago, when I started here, I didn’t even know if I would like to call people to collect debts. You aren’t just stuck in a dead-end position with no potential…the potential is there for the taking. The post Working in Debt Collections-Expectations vs Reality appeared first on American Profit Recovery.

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Collections 187

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.

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Collections Collection Agencies Collections Agency Debt collector 211