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We are a debt collection agency that collects your delinquent accounts using our vast network of bill debt collection experts. Our personal collections experience and communications with other agencies and law firms convinced us there are better ways of collecting your debts – faster and with a higher collection rate.
Where do I report a debt collector for an alleged violation? Report any problems you have with a debt collector to: your state attorney general’s office; the Federal Trade Commission; the Consumer Financial Protection Bureau; Many states have their own debt collection laws that are different from the federal Fair Debt Collection Practices Act.
From following up with insurance agencies, working out a payment plan, discounting payments or calling on customers, debt collection companies can be a beneficial form of medical debt collection ...
The FTC enforces the federal Fair Debt Collection Practices Act, which prohibits abusive, unfair, or deceptive debt collection practices. You may also report your complaint to the CFPB , which may forward it to the company and work to get you a response.
The company they hire is a debt collection agency. Debt collection agencies pursue the debt and receive a percentage of the amount they collect. That arrangement accounted for about half ($6.6 billion) of the industry’s revenue in 2014.
Debt collection agencies often specialize in certain areas. Some, for example, excel in securing funds from large companies while others do well working with small businesses or home-businesses. If at all possible, find out what sort of debtors the collection agency most often deals with and what sort of businesses it serves. 2.
The creditor may continue to own the debt, but turn it over to a debt collection agency with a contract to collect. This is called assigned debt. Or, the creditor may sell the debt outright to a collection agency, which is called purchased debt.
Debt collection is the process of pursuing payments of debts owed by individuals or businesses. An organization that specializes in debt collection is known as a collection agency or debt collector. Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed.
Transforming Bad Debt into Positive Cash Flow •Quickly •Easily •Professionally: For 55 years and counting, CSI serves clients all across America as a partner in bad debt recovery and accounts receivable collections.
Debt Recovery Resources – This is a full-service debt collection agency that not only helps recover debts but can help its clients improve internal debt collection processes. Debt Recovery ...