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As a legitimate debt collector, the last thing you want is to be compared to scammers who use underhanded tactics to pressure people into making debt payments that they do not actually owe. There seems to be an endless number of these false debt collectors, and it is important for honest debt collectors to [...]
It might be a little late for New Years Resolutions, but that doesn't mean you have to wait until next January to get your debt collection process in order. Any month could be the perfect opportunity to start new policies or simply recommit to the ones you already have in place. This type of focus [...]
After you make the decision to hire a commercial debt collection agency, you will almost immediately shift to an evaluation mindset. Whether you have a specifically designed report card or just a general idea of how they are doing, you will almost certainly be curious about their progress. You will also want to be [...]
Most reputable debt collection agencies price their services using contingency fees. This means that the companies charge the creditor a percentage of the amount they collect in exchange for their services. Many creditors see this fee structure as a double-edged sword. They are agreeing to give up a portion of the amount that is owed to [...]
International debt collection can be exponentially more difficult than domestic debt collection. Depending on the foreign country involved, there are most likely a number of different rules and regulations that are completely different from the United States debt collection laws that you are used to. In addition to differences in the actual laws that [...]
Businesses that sell directly to other businesses have some very specific differences from businesses that sell directly to consumers. For that reason, businesses that participate in B2B sales may require special or unique attention from a debt collection company. If your B2B company is in need of a debt collection agency, you will want [...]
The speed and effectiveness of a debt collection company can vary a great deal depending on a number of different variables. One of the best ways that you can help to improve the odds of a successful collection is by providing the collection agency with proper documentation of the debt. Taking the time to [...]
Agreeing to take payments is an area of debt collection where you will find a wide range of differing opinions. Some experts will argue that agreeing to a payment plan virtually guarantees that you will never receive full payment. Payment plans also make international debt collection more complicated. On the other hand, at least [...]
Most commercial debt collection companies are lumped into one big group and given a bad reputation by the general public. However, this is often the case of a few bad apples spoiling the entire bunch. Most commercial debt collection companies are actually very polite and professional operations that treat debtors with respect and dignity. [...]
When it comes to commercial debt collection, many times our first instinct is to scream, yell, and demand immediate payment. When that hostility is met with a negative response, our next instinct might be to threaten legal action or even physical harm. Debt collection can be very frustrating. Of course, none of those instincts [...]
