In today’s increasingly globalised economy, the significance of international debt recovery continues to grow as businesses expand their operations across borders and engage in transactions with customers and clients worldwide. As a result, there is an escalating need for businesses to be well-equipped to handle the challenges of cross-border debt recovery and develop effective strategies […]
Debt Collection Scotland – Professional Debt Recovery Debt Collection Scotland has a very important to role to play in the UK’s economy. Every business in Scotland knows the challenges and frustrations that a bad payer brings. Unpaid invoices, disputes and absconded clients all generate unwanted issues. This, importantly, wastes precious time and money and […]
Brexit and Its Potential Effect on European Debt Collection The UK’s scheduled exit from Europe at the end of October will affect many things not least being the European debt collection industry. Depending on what decisions are made, we may be about to experience some upheaval as the laws governing outgoing and incoming judgement enforcement […]
The Challenge of Collecting Debt from Foreign Countries People and businesses alike need help collecting debt from countries abroad. Collecting debt from overseas countries can be a daunting task for both individuals and businesses. As the UK’s business community grows, so do the complexities of international trade and the potential for unpaid debts. Global trade […]
International Debt Collectors It is easier than ever before to do business, with millions of agreements and transactions happening daily. Boundaries and borders no longer exist, and businesses now have the potential to operate on a global scale. Whilst this is a great step for businesses, it also provides a greater opportunity for debt to […]
Collection of Dubai Debt in the UK We are often approached by Companies in Dubai for the collection of debt from individuals that have returned to the UK. They left Dubai, leaving behind unpaid debts in the UAE. Some may say it is quite understandable why people would return to the UK without clearing debts […]
The latest “Global Collections Review” survey undertaken by leading credit management specialist Atradius Collections assessed the current commercial debt collection trends and practices with more than 1,700 companies in nine European countries. This second study builds on the findings from the initial research released in January 2010. It focuses on The use of debt collections […]
The US debt collection industry is wired as the implementation of the Credit Card Accountability, Responsibility and Disclosure (CARD) Act moves closer. Many debt collectors are expecting large changes as of Feb. 22, when many provisions of the Act take effect, with the primary focus now on adapting to what is soon to be a new […]
Across the UAE, lenders are hiring international debt collection agencies to hunt down customers who owe them money as they attempt to recoup huge losses incurred when thousands of expats skipped the country without clearing their debts, Emirates Business reported on Tuesday. In one example cited by the UAE daily Dubai-based mortgage lender Tamweel has hired […]
For the second time in less than a year, the New Jersey Assembly will consider legislation concerning the debt collection bill. It is being argued that revising the Fair Debt Collections Act would help eliminate harassing, intimidating and abusive debt collection practices and it would also give those being chased a way to dispute and […]
LEAD GENERATOR Description We are an ambitious and fast growing National Credit Management company. We currently have a requirement for a dynamic and assertive sales individual for the purpose of lead generation. Key duties will include: Direct contact with new & existing clients. Lead generation via tele-sales campaigns. Generation of appointments for field sales representatives. […]
As consumer debt stands at an all time high, many financial institutions are under serious pressure to recover these unpaid debts in order to stock up on monetary reserves. Unfortunately, the debt collection process requires company resources which many companies don’t have available. However, with debt collection optimisation from SAS, a leader in business analytics, […]
Collection Associates LLC, a portfolio company of LaSalle Capital Group, has acquired Money Recovery Nationwide, a Landsing, Mich.-based provider of debt collection services to the healthcare industry. No financial terms were disclosed. PRESS RELEASE LaSalle Capital Group, L.P.’s (”LaSalle Capital”) portfolio company Collection Associates, LLC (”CAI”) is pleased to announce the acquisition of Money Recovery […]
Are debt collection notices giving troubles to the IRS? Accoring to a new report from the Government Accountability Offices, they are! The IRS estimated that in 2001 there was $23billion in unpaid individual income tax debt, which was the agencies most recent figure on the matter. The notice phase is the first of the IRS’s three-phase process […]
Consumer debt collection is at an all-time high. As a result of this, officials of CRM and other business technology vendor SAS are claiming that financial institutions are reportedly being pressured to recover unpaid debts in an attempt to rebuild cash reserves in a tightening market. Debt collection itself requires resources to execute the recovery process. And it’s not […]
FMBN (Federal Mortgage Bank of Nigeria) has begun work towards building up support of mortgage financing, while also looking at debt recovery methods for non-performing loans. At a recent Banking, Insurance and Other Financial Institutions meeting with the Senate Commitee, Managing Director of FMBN, Abdulsalam Ahmed, brought up that the Apex Mortgage Bank has taken […]
The Pedernales Electric Cooperative board of directors considered a debt collection proposal at Monday’s meeting to correct a system that purges $3 million annually on delinquency rates and non-collectable debt. The co-op also announced a slight rate reduction for electricity and a plan to develop a member “Bill of Rights” and have members vote on […]
Connecticut city plans to hire a debt collector to recoup taxes that are more than three years delinquent. The city issued a request for proposals for debt collector services Wednesday and will open bids next month. Supervisor of Assessments and Collections Michael Mordarski said the contract will not cost the city anything, since the debt […]
There are a magnitude of different agencies that regulate hospitals in the Bay Area of San Francisco and you can feel overwhlemed by the sheer number. However, if you look closer into this it becomes apparent that none of these agencies regulate debt collection and billing for patients who are privately insured. If you compare […]
Australian Police have been left with egg on their face after enforcing an illegally erected road traffic sign. It was later discovered that the sign was erected by a local resident and motorists have been advised to contact the local state debt collection office for a refund. The resident in question, living in the Beecroft […]