Blog on Debt Collection

Recent Articles:

Managing Stress when Running a Small Business - Running a Small Business can be quite overwhelming, often causing stress, burnout and anxiety. Although employees may also experience stress, but for the owner this pressure can be brutal. American Psychological Association estimates that the U.S. economy loses more than $500 billion due to workplace stress and also increases the health insurance costs, impacting Small […]
Collection Agency with Nationwide License: Need one? - There are thousands of collection agencies in America, but a vast majority of consumer collection agencies do not provide nationwide service. Licenses are required in almost 33 states for consumer collections and some cities like New York City even have their own licensing standards for agencies operating within the city limits. Each state has its […]
Collection Agency Near Me: Does the location matter? - Are you a Small Business owner and searching for a Collection Agency near your physical location? You are not alone, there is a small misconception that a local collection agency will be able to provide a better service or magically recover more money on your accounts receivable, verses the one located on the other coast […]
Debt Collection Agency for Towing and Recovery Business - Operating a towing business or being a tow truck driver involves considerable hard work and planning. Challenges of a towing business include paying for the tow truck mortgage, fuel costs, monthly insurance premium, repairs & maintenance of the truck, fatigue, marketing business on on Yellow Pages or Google, dealing with disgruntled vehicle-owners, poor driving conditions, […]
Recession-Proof Your Small Business - Recession strikes United States roughly once in every 10 years and delivers a lethal blow particularly to the startups and small businesses. No one can predict the exact timing or the length of a recession. During these tough times many of your clients will cut their budgets, downsize or discontinue several services or products that […]
Dentistry Burnout: Is your Stress Killing you? - Dentistry is one of the most stressful medical profession impacting both mentally and physically. The suicide rate among dentists are unfortunately high. They are more prone to coronary heart disease, psycho-neurotic disorders, cardiovascular disease and high blood pressure, than the general population. In short, if a dentist does not control his burnout and stress, it […]
Debt Collection for Glass Repair Companies - Glass replacement and repair companies assist clients whenever a glass breaks or loses alignment. Common services include replacement of double pane windows, windshield, laminate glass repair and other breakages involving mirrors, storefronts, partitions, shower doors, glass closures, etc. Glass repair companies can be privately owned and operated, or work as a franchise of a larger […]
Debt Collection Agency for Restoration Companies - You have a restoration company that helps homeowners from damages caused by water, fire and mold. You have worked hard to build your business. However several clients have not kept up with their obligation to pay for your services. This has increased the number of accounts receivable and putting stress on your cash flow. Then […]
Selecting a Collections Agency with Very Low Contingency Fee: Sure? - A Collection Agency is your business partner. The criteria of shortlisting them cannot the same as shortlisting a plumber. Collection agencies are well aware of Contingency Fees of their competitors. The ones charging a higher Contingency Fee than their competitors are not foolish. There is usually a solid reason why their fees are relatively higher […]
Is Management Ready to Hire a Collections Agency? Frequently asked questions - Is your organization constantly losing money on accounts receivable because a significant chunk of past-due accounts remain uncollected despite following all the recommended procedures. Did you notice, accounts which become over 90 days past-due, out of those 90% never get resolved (only 10% pay). These 90% accounts are subsequently written off as a complete-loss in […]
Insurance Recoupment: Recover Overpaid Insurance Claims - Insurance companies often make over-payments to subscribers and providers by mistake. These errors are caused due to duplicate payments, pricing changes, oversight by accounting department, fraudulent claims or insurance coverage changes. These claims where an insurance company is entitled for a refund, are called Insurance Recoupment or Takebacks. These incorrect payments are incredibly hard to recover […]
Recovering Insurance Claims from Healthcare Insurance Companies - Everybody struggles to recover money from insurance companies in a timely manner. Although some insurers consistently processed claims within 30 days, other insurers might take as long 120 days to pay claims. This unpredictability in the reimbursement process caused numerous healthcare providers to experience cash flow difficulties and other operational problems. Insurance claims submitted by […]
Online Reviews of Collection Agencies: They Don’t Matter - Have been trying to shortlist a Debt Collection Agency by looking at their Google reviews or Yelp rating? According to inc.com – 88 percent of customers read an online review that influenced their buying decision and a single bad review can undo the value of 40 good customer experiences. Those online review methodologies works well […]
An Impressive Dental Website: Best way to get New Patients - Dental practices are always looking for ways to get new patients. Following are proven techniques in today’s digital era to acquire clients online through a Website, Search Engine Marketing (SEO), Paid Advertising, Press Releases and Social Media Marketing. A good website is like having the best sales person, working for you 24×7. Every time a […]
10 Ways to Increase Profits Quickly for a Small Business - Being in the accounts receivables industry, we interact with customers all the time, often personally over a cup of a coffee. Nearly all small businesses are constantly looking for ways to increase profits quickly, without increasing costs or by taking drastic measures. Here are the 10 simple changes you can incorporate easily to increase sales, […]
Debt Collection for Car Rental Industry - Minimizing the accounts receivable has become extremely important for the Car Rental industry because online ride sharing services are presenting huge growth challenges to the industry. Car rental companies like Enterprise Rent-A-Car, Hertz and Avis have been fiercely competing with Uber, Lyft and Turo, which are genuine businesses but probably have an unfair business advantage […]
Laundry and Dry Cleaning Service: Debt Collections Agency - Accounts receivable for Laundry and Dry Cleaning Service industries is quite common and their back-end/collections team works closely with their accounting department. Hiring an in-house accounts receivable person, even with a prior experience in collections industry is usually not all that effective because collections is still being done under the name of your Laundry company […]
Drugstore and Pharmacy Bill: Debt Collection Agency - Debt collection agencies play a vital role in managing accounts receivable of drugstores. Accounting and bookkeeping are one of the most difficult tasks of running a pharmacy. Insurance companies them self use third party prescriptions softwares like Express Scripts which are billed when a prescription is filled, which needs to be taken care at the […]
Debt Collection for Rehabilitation Centers and Physiotherapists - Every year millions of Americans utilize variety of rehabilitation therapy services. Rehab centers and physiotherapists play a vital role in keeping our citizens healthy and self-reliant. Unfortunately billing is a complex affair for Rehab centers, because there is not a uniform standard how much will a private insurance cover. If a patient has a government […]
Payment Recovery for Spa, Tanning Salon and Massage Parlors - Massage parlors intend to de-stress clients with a gentle touch, but many customers leave behind a huge stress in return for these parlors by not paying for the services they just received. Non-payment may also arise due to a dispute regarding services received, damages, non-payment of recurring charges, bounced check due to non-sufficient funds or […]
What Golf has Taught me about Debt Collections - Being an avid golfer, and working in the collection industry for the last 17 years, it wasn’t long enough that I started to find so many similarities between the two. 1. Practice and Patience Like Golf, debt collection is an art that requires sufficient time to learn and to become good at it. Then there […]
What makes a Debt Collection Agency Letters so Effective? - Sending letters through a Debt Collection Agency is the cheapest and most effective way to recover money from debtors.. Without a doubt! Note: They are only effective when the debt is less than 180 days old, even better if it is around 90 days old. Let us understand, what makes them so effective: 1. They […]
Fees Collection Agency: Tax Preparers & Enrolled Agents (EA) - Have people utilized your tax-service, but failed to pay your consultation fees in full ? A Tax Preparer helps businesses and individual taxpayers file tax returns which are due quarterly and annually. Enrolled Agent is a federally-authorized professional who represents a taxpayer before the Internal Revenue Service (IRS) for tax issues including audits, collections and […]
Collection Agency: Newspaper & Magazine Subscription Bills - Newspapers and magazines often require sending debt collection letters to recover money due to the unpaid subscriptions of their customers. Many customers relocate but forget to update their new address with the newspaper and magazine companies, even though they are enrolled in an auto-renewal plan. Regardless of the reason, a customer is obliged to pay […]
Hotel, Travel & Airlines: Debt Collection Agency - Hospitality industry (which includes Hotels, Airlines, Rental Cars, Restaurants, Catering Services and Travel Portals), frequently face the problem of mounting accounts receivable. This could be due to booking disputes, unpaid commission invoices, invoice corrections, check declines, credit card reversals or denials, property damages, cancellations, billing disputes and denial to pay for the facilities used. Collections […]
Legal Debt Collections Agency: Courts and Law Firms - Legal entities like district courts and law firms regularly need the help of a collection agency to recover money from past due accounts. People often use the legal services of a lawyer but fall behind in making promised payments. Similarly, district courts often issues summons and notices for the payment, just to find that the […]
Mortgage Debt: Looking for a Home Loan Collection Agency? - Mortgages are the largest loans issued in United States, running into hundreds of thousands of dollars against each property. Many mortgage loan borrowers go above and beyond than what they can actually afford to become an owner of that expensive dream house. Last recession (year 2008-2010) taught us that when a recession strikes, there is […]
Debt Collection Agency for Optometrists (OD) - Optometrists examine eyes for both vision and health problems. They spend years to get the Doctor of Optometry degree, and then to establish their name in the city. It is certainly its a promising career since a wave of aging baby boomers will eventually need to see an optometrist at some point in their life. […]
Library Debt Collection Agency - Whether it is a public, county or a college library, a professional debt collection agency is a great tool to recover money from people who take books and do not return them, or fail to clear their late fee dues. Most patrons of a public library have a very wrong perception that once they issue […]
Federal, State & Municipal government debt collection agency - All public agencies such as county, municipal, state, and federal need money for a variety of services such as school budgets, roads, police and fire services. Debt collection agencies play a very vital role in the government’s financial ecosystem, recovering money from the past due accounts. Government debt collection on past due accounts can be […]
Elementary and Private High School Debt Collection - A high number of public and private schools are now struggling with student debt, this includes Elementary schools, K-12 and High schools. Most common debts are related to tuition, student health, meals, contracts, books, laptops and lab fees. Although this crisis is happening all over USA, some school districts of Michigan, New Hampshire, Maine and […]
Signs that you need to Hire a Debt Collection Agency – Now! - If you have been ignoring to collect money from past due accounts, it can seriously damage the cash flow needed for a smooth functioning of your business. Here are the vital signs that your accounts are already overdue to be assigned to a debt collection agency. You are losing money due to non-payment from your […]
Debt Collection for Trucking and Logistics Companies - Logistics industry is the backbone of nearly every industry in USA, yet the business challenges faced have grown significantly in the last decade. Trucking companies in particular are experiencing severe distress due competition, regulations, manpower and growing accounts receivables. Common issues faced by Logistics/Trucking companies include Unpredictable fuel costs and competition Driver shortage, retention and […]
Collection Agency: Home and Office Security Industry - Timely payments from existing customers is essential for the survival of a business. Security industry in particular is facing ever increasing challenges due to Rapid changes in the technology and up-gradation costs. Finding & retaining top talent and wage pressures. Cyber intrusions and security. Issues related to introduction of Internet of Things (IoT), Voip and […]
Benefits of Outsourcing Accounts Receivable to Experts - Outsourcing your accounts receivable to a debt Collections Agency will save you time and money. It will also reduce your stress and become more legally complaint to the federal debt collection laws and regulations, significantly lowering your chances of getting sued back from your debtor. These 2 letter words “Collection Agency” have a similar impact […]
AthenaHealth Medical Debt Collections: Better Recovery Rates - The administrative costs of collecting money increases as time goes by, and the likelihood of a patient paying decreases. It is advisable to forwarded any medical and dental balances that are more than 90 days overdue to a collection agency to recover money on past-due accounts. Transferring delinquent accounts directly from AthenaNet to a collection […]
Low Cost Collection Agency: Did you find one? - Have you ever fallen for a debt collection agency claiming to be the cheapest and best, and later found out that It was not exactly true. They have simply cut a few important steps of the standard debt collection procedure to make their pricing cheaper than others. They basically sold you an inferior product. Offered […]
Propane, Oil & Gas Industry: Debt Collection Agency - Oil/Gas exploration and Propane industries are the backbone of American energy industry. These fuels are used in heating, transportation, cooking, hot water, refrigerants, aerosol propellants and vehicles. There are variety of companies involved in production, marketing, storage, fabrication of tanks, distributors and transportation of these fuels. Propane, Oil and Gas companies often face severe cash […]
How to Shortlist a Debt Collection Agency - There are about 5000 collection agency in USA, selecting a good collection agency can be a daunting task, when each agency claims to be the best. We will try to simplify the process for you here. I have personally been in the collections industry for the last 17 years. This analysis is based out my […]
Spanish Speaking Debt Collection Agency in USA - Out of 325 million residents in USA, about 235 million people are English language native speakers. Remaining 90 million people may be able to communicate (well or somewhat) in English, but it is not their native language. Millions of people in USA can hardly communicate in English, and completely rely on talking to someone who […]
Sample Debt Collection Letters - We have published 2 collection letters for medical and dental practices. This is a generic format and can be referenced for non-medical collections as well. Tried Enough? Send a final letter, give 15 more days to settle before involving a collection agency. Mention your intention in this letter. Sample Billing Letter from “Dr. William Joe” […]
Debt Collection agency for Credit Card Delinquencies - An average American household carries about $8,300 in credit card debt. After the great recession of 2008 the economic recovery has not been uniform. Many statistics and surveys have concluded that the bottom half of Americans have not recovered well, when compared to richer folks. Credit card default rate in a good economy is generally […]
Utility Debt Collection: For Electric & Gas companies - Utility companies supplying Electricity and Gas are the backbone of every household in United States. They cannot simply cut the supply if a customer does not pay a bill or two on time, this often results in a large number of accounts receivable for them. Recovering the money on time is extremely essential for Utility […]
Improve Cash Flow for your Business - When a company provides a product or service, it has a right to expect to be paid on a timely basis. However, anyone who’s been in business a month or more has learned that prompt payment is not always the case. Often, accounts get seriously past due, or when payments are made, there may be […]
Dental Malpractice Insurance: Types, Cost & Lawsuit Reasons - “Dental Malpractice Insurance” also called the “Professional Liability Insurance” is essential for any dental business to protect them against the liabilities if a lawsuit is filed by a patient. According to data from NPDB, about 10,000 medical malpractice claims are paid out every year, totaling to 3.5 billion dollars. It means that the average payout […]
Pros & Cons of Free Universal Health Care System - Healthcare in the United States today is very expensive compared to other countries, and there is an ongoing debate about “Healthcare For All”. Lets see all the Pros and Cons of a Universal Health Care system. Pros:1. Of course, everyone is covered and no need to buy health insurance anymore. More than 45 million Americans […]
Collection Agency: Body Shop and Auto Repair Garage - Automotive repair and body shop garages constantly face issues related to accounts receivables. Whether it is because a customer did not fulfill his obligation to pay or a delay/rejection of claim by an insurance company. Past due accounts can quickly erode profits of an automotive workshop and even interrupt the smooth running of the facility. […]
Telecom and Mobile Phone Debt Collection Agency - Non paying customers create a major financial burden on the telecommunication companies. Telecom is a highly competitive industry and without a proper accounts receivables strategy, past-due accounts can restrict the ability of a telecom provider to expand business, provide quality service existing customers and create a crunch required to upgrade systems to a new technology […]
Lawn care and Landscaping: Debt Collection Agency - Lawn care and landscaping companies face rising challenges to keep their accounts in “green” and usually employ too few resources to properly manage the administrative side of the business mainly because they are looked upon as a cost center. Therefore, most Lawn Care and Landscaping companies do not have a good enough system in place […]
Debt Collection Agency for Pest Control Services - Pest Control is a very competitive industry. The market is huge but so are the number of Pest Control companies. Hiring a collection agency for your accounts receivables will enable you to focus on your business and also protect your firm against lawsuits that you may occasionally run into. Staff of collection agencies are well […]
Debt Collection Agency for Winery - Vineyard owners often face problems of outstanding accounts receivable from suppliers, clients and service providers. A smooth cash flow is critical for the ongoing operations and expansion of your winery. Same is true for beer and spirits producers. Collection agencies classify the debt as “Commercial Debt” or “Consumer Debt“. Commercial Debt: In commercial debt, the […]
Collection Agency for Kindergarten and Child Daycare centers - Unpaid tuition fees can cause lot of financial burden on Child Daycare centers, Kindergarten preschools and even K-12 schools. Many child care centers attempt switching to a pre-paid model but it results in loss of enrollment as most parents prefer a post-paid model. To recover their money, some child care centers try taking the matter […]
Collection Agency: Private Student Loans Recovery - Higher education is expensive in United States. Student loans are rising and so are the defaults. It is certainly an unfortunate scenario for students, but also for the lenders as they are taking a big financial hit and in some cases, are forced to write-off these loans. Private student loans are primarily issued by the […]
Health Club / Gym Membership Fees Recovery - Health and Fitness clubs operate in an ambiance full of energy, motivation, sound of heavy metal and grunting. In such a vibrant place expecting your staff to always keep their head cool and dealing with clients with utmost respect and professionalism, while demanding to clear past due membership bills can be a challenging task. Moreover […]
Collection Agency for Chiropractic Debt - Chiropractors have been facing a severe issue of unpaid past-due bills or the accounts receivable. Depending on which region of USA the Chiropractor operates, this issue may vary from moderate to severe. Just to give you an idea how past due accounts quickly eat up into profits – If a Chiropractic practice works on a […]
Collection Agency: Rent Recovery from Tenants - Property management is a well paying business and a good income source for landlords. But the biggest challenge for both managers and landlords is getting rent from tenants on time. Once the rent is past due, a property manager starts evaluating whether or not he should continue his association with the tenant, pressurize him with […]
Veterinary Debt Collections: Recover money from pet owners - Veterinarians have an immense love for animals and every day they put wonderful smiles on the face of pet owners whose furry family members are cured by the vets. Despite the risk of being bitten, kicked and scratched, a veterinarian also has to keep himself safe from contacting diseases. Veterinarians do not work only for […]
Collection of Past due accounts for an Advertising Agency - Printing and advertising agencies are constantly dealing with accounts receivables since their final invoices are usually raised when the work has been completed. To maintain cash flow, advertising agencies must regularly review their past due accounts and raise invoices promptly. Few clients can accumulate large accounts receivables if they have hired you for multiple projects […]
Dental Debt Collections Agency - Dental practices have an ongoing issue of accounts receivables for the treatment performed on their patients. It could be due to the non-payment of installments by patients, or the insurance company did not cover all estimated costs after the claim was submitted. If a dental practice works on a 20% profit margin, say 5% of […]
Medical Collections: Recover money from patients - In United States, healthcare practitioners have been facing an ever increasing problem of patients who do not clear their medical bills. If a medical practice works on a 10% profit margin but say 3% of their patients do not pay, then effectively 30% of their net profit is gone. Collecting money from existing patients is […]
Collection Agency for Banks and Credit Unions - Banks and Credit Unions issue variety of loans to businesses and individuals in form of mortgage loans, credit card balances, overdraft fees, loans to businesses, car loans, student loans and variety of other products and transactions. Most banks follow up themselves on these past due accounts for the first few months. Smaller transactions like the […]
Automotive collection agency: Car loan defaults - A record 7 million Americans are 3 months behind on their car payments. This could be because of loss of regular income, mismanagement of personal finances or other circumstances like a sudden medical emergency due to which his cash reserves have depleted or even personal situations like divorce. Many Americans who fall behind these payments, […]
Debt Collections for CPA / Accountants - CPA/Accountants are financially quite smart people, and they are the last people who need any financial advice, definitely not us. But lets accept, accountants do face numerous professional challenges which have risen significantly in the last decade. Attracting new clients, technology adaption, data privacy issues, outsourcing and free tax/accounting softwares have also taken away a […]
Debt collection for plumbers and contractors - Without a doubt, doing a plumbing or a private contracting business is not easy. Especially for those doing commercial projects, getting paid on time is a huge challenge. Plumbers often need line of credit to function. Other serious challenges include – Increased competition from low priced competitors, maintaining profit margins, negotiating retention and coping up […]
Have you selected the right collection agency? - Has the amount recovered by your collection agency been below your expectation or lower than the market average recovery rate of 15%-20%. Before jumping to a conclusion or firing your existing agency, below are a few things that you should evaluate or ask the “Sales Representative” or the “Customer Service Rep” of your existing collection […]
Debt Collection Cost - Summary: Collection Letters cost about $14 per account are best suited for accounts that are less than 120 past due. Debtor pay directly to you. It is a very effective, yet a low cost solution. ( “Step 1” and “Step 2” service). A highly recommended product, comes with a minimum collections guarantee as well. Collection […]
Selling debt collections service to clients: The Right Way - Honesty and patience reap betters results verses being pushy when trying to sell your collections service to a prospective client. Let your prospective clients ask questions about your service before you explain your collection services to them. 1. Understanding all services and believe in them: Sales process requires a deep understanding of the product/service to […]
Collection Letters, Calls or Legal Suit: Which is better? - Selecting the right product between “Collection Letters”, “Collection Calls” and “Legal suit” is important. Well, it primarily depends how old is your debt and how large is the outstanding balance. Kindly allow me go a little bit off topic for like 15 seconds before we discuss the main subject. One thing is very clear, if […]
In-house recovery vs Hiring a collection agency: Cost Comparison - Engaging a collections agency is far more economical and effective than handling collections in-house, after an account is 30-60 days past due and your in-house reminder notices or reminder calls have so far failed. Let us break our analysis into parts – Collection Letters and Collection Calls. In collection letters phase all communication happens by […]
Biggest Collection Agencies in USA - Here is the list of the largest debt collection agencies in United States. Each collection agency has its own set of strengths. We may be able to assist you to choose a good one based on your specific retirements based on our experience. 1. Transworld Systems Inc (TSI) TSI has been the biggest collections agency […]
How to make a Perfect Collection Call? - According to the annual CFPB 2017 report, there were 130,000 people employed by 6,000 collection agencies in the “$13.7 billion dollar industry”. Although the base salary of a debt collector is low, he (or she) can earn a lot in commissions, which are based on the amount of debt he collects. In this article we […]
Debt Collections Industry Future: Only the smartest will survive - Collections industry which was perceived to be slow in adapting the latest technologies has completely transformed itself in the last decade. Today the biggest players in the industry are fiercely competing in terms of SEO, Adwords, partnering with software providers, Digital marketing, PCI compliance, Web Services etc. Little by little, lots of things have gradually […]
Debt Collection Lawyer or Agency – Who is Better? - Selecting between a Debt Collection Lawyer versus a Collection Agency is often a confusing decision. If you talk to them or go to their website, both entities generally try to sway you towards using their own respective services. But, there are many scenarios where decision to select the right one is rather straightforward, in other […]
Small Business Debt Collection Agency - In today’s competitive environment, past due accounts result in a substantial financial drag on any small businesses. If the issue is not resolved promptly, it can gradually snowball into a huge mess. It will result in a negative cash flow for your small business. Restrict the ability of a small business to continue with its […]
Finding Clients Online: Collection Agency Marketing and SEO - In this article we have covered most important aspects of digital marketing for your collection agency website. 1. Make a GOOD website A website is your company’s face in the online world. If you do not have one then make it your first priority. For your website to render nicely on all screen sizes (mobile, […]
How to make your Collection Agency website for under $300 - Summary: ( A static 5-10 page website + single email address ) 1st year cost: Less than $300 ($12 Domain + $60 Hosting + $200 Development of website) 2nd year and beyond: $144 ($12 domain + $132 Hosting ($11 monthly hosting) + $0 development cost) Regardless of the size of your collection agency (or your […]
Statute of Limitations in Debt Collection - Statute of limitations (SOL) is a time period after which a debt collector loses the right to sue the debtor or take any legal action against him. Statute of limitations laws vary from state to state, for example in California it is about 4 years while in Rhode Island it is 10 years. In most […]
How to select a debt collection agency? - There are about 5000 collection agencies in USA … Yes, you read it right. Each agency claiming to be the best, of course because then need business from you. We have shortlisted a few collection agencies based on their performance, pricing and experience. You may contact us in case you are looking for one. Hiring […]
Find the Debtor’s Latest Address with Skip Tracing - What if you send a bill to your debtor and it comes back as non-deliverable, or if you try to contact them on the phone number listed in your records and find that it no longer works? Suddenly your past due amount appears to be noncollectable. The biggest mistake most creditors make is to keep […]
Most common excuses debtors give during collection calls - These are the most common reasons why debtors are unable to pay their debt. Sometimes they are actually truthful, but many of them simply use these as a delay tactic to defer paying on time, or even avoid paying altogether. A debt collector should insist for the proof or an explanation about what the debtor […]
Difference between Commercial and Consumer Debt Collections - The term “Commercial debt collections” refers to the debt collection activity where the debtor is a business entity. A business can be a sole proprietorship, partnership, LLC, Inc, MNC, etc. Commercial debt collection is also called business-to-business debt collection. Difference between Commercial debt collection (business debt) and Individual debt collection (consumer debt) One may think, […]
What is a Debt Collection Agency? - Collection agency is an organization that attempts to collect money from individuals (or businesses) who have not paid their bills on time. They will normally accept this account for collections only when its 60 days past due. Watch this video: What kind of a debt can be assigned to a debt collection agency? 1. […]
How Debt Collection Agencies work? - Collection agencies attempt to recover past due debt from individuals and businesses. Their role in the financial ecosystem is extremely important. Without them a very high percentage of the outstanding debts will never get paid off, leading to heavy losses for the businesses and individuals. Watch this Video: Debt collection agencies are broadly divided into […]