What Is A Collection Agency Watch a what is a collection agency video review by a student, who wanted to know about collection agencies. This what is a collection agency video is useful for people who want to learn about collection agencies - it illustrates: What Is A Collection Agency The Federal Trade Commission (FTC), the nation’s consumer protection agency, enforces … [Read more...]
Fair Debt Collection Practices Act | FDCPA
The Fair Debt Collection Practices Act (FDCPA) was created as a Federal statute in the year 1978, as Title VIII of the Consumer Credit Protection Act. The purpose of this act is to eliminate harassment of a consumer in the process of debt collection. The Act specified a list of do's and don'ts while collecting debt. It also defined the Consumer's rights under the Act. FAIR … [Read more...]
Bad Debt – How Business Owners Must Deal With It
Are you starting to get worried that one or more of your customers will never pay your debts to you? Have you encountered a client who has directly told you that he does not intend to pay? Are you bothered by the fact that such non-payments actually have an overall negative effect to the financial aspect of your business? Fret not, for there are ways on how to collect this bad … [Read more...]
Medical Collections
Medical collections are an issue in a lot of hospitals and other medical institutions. Having a debt collection agency work on the medical collections can be quite a challenging task for any office manager for different medical institutions. There may be times when the hospital office manager will create the monthly or annual financial statements and then realize that there … [Read more...]
Why Use A Debt Collections Agency?
Bad debts can create lot of problems for both small and large businesses. As our economy continues to struggle, the problems created by bad debt are worsening around the US. Many companies have already gone bankrupt as they were unable to recover their millions of dollars worth of outstanding debts. Chasing up payments with customers is not only cumbersome, but is time … [Read more...]