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There are many things you want to look for if your reaching out to hire a collection agency.
First is how you will pay the agency, most agencies work off a flat rate, or percentage of the bad debt. This will motivate them to collect the debt in a timely fashion. Some agencies also work on an hourly rate.
Second is finding an agency that has a reputable background. A few agencies that operate outside the laws regarding collection give all debt collectors a bad wrap. All debt collecting efforts must follow a certain set of rules and standards, called The Fair Debt Collection Practices Act. The act states the following:
- Contact clients only between 8 a.m. and 9 p.m.
- No harassing phone calls
- No profanity
- No derogatory language or threats
- No threats to call the police or law professionals
- No threats of bodily harm
- No threats of criminal charges
- No threats to garnish wages
- No threats to seize property
- No threats to sell assets
It is important to find a agency that comes with references you can check, as this company will be representing you when they go after the debt. I found http://businesscollectionagencies.com/articles-collection-agencies.html to be a great resource!
What else can I help you with?
How do you find out from a collection agency who sent you to them for collection when you never was notified that you were in collection you discovered it on your credit report?
File a dispute with the credit reporting agency.
What is collection agency?
A Commercial Collection Agency is and agency that collects debt on behalf of their clients, same as a consumer collection agency, but a commercial collection agency collects business to business.
Where can you find the phone number for a collection agency on your credit report?
Whenever I am helping a client with a collection agency, the first thing I do is try to contact the state agency that licenses collection agencies. I also try searching on Google and that usually works.
Is Credence a collection agency?
No, Credence is not a collection agency.
Where do you find a collection agency?
Looking for a Collection Agency, involves to know what type of debt collection service is need it. For Commercial Collections or Consumer Collections it can be found on sites that regulate the collection industry like:The Commercial Law League of America ('CLLA'),ACA InternationalAlso is very important when you choose a Collection Agency look for an agency that is familiar with the collection laws on the state that apply the bad account.
Can you find out which debt agency a business is using?
That depends. What's your involvement with the business and why? Experience: I own a collection agency.
Can you provide me with a debt collection verification letter?
A debt collection verification letter is a document that requests proof of a debt from a collection agency. It should include your name, address, and the debt amount you are questioning. You can find templates online or request one from the collection agency.
Can collection agency sue you in Texas?
Any collection agency can, in theory, sue you anywhere they can find you. Whether or not they have jurisdiction or a valid claim and whether you have defenses would depend upon the circumstances.
Find out if a collection agency is legitimate?
I recieved a call from a collection agency but not able to find any info on the company. How do I know its legit? Company is Action Collects. Company was very rude with a customer that is willing to pay balance in full.
How do you find a collection agency that you owe money to if you haven't received letters in a while and don't know how to get it taken care of without consolidating?
They'll find you! Check your credit report, chances are the collection agency name and address is lurking!
Once a debt is given to a collection agency can you get the creditor to take it out of the creditor's hands?
Once a debt has been sold to a collection agency, that agency owns the debt. Now it would be between you and the collection agency to settle the debt; the creditor has washed his hands of the matter. If you think the debt collection agency isn't working within its legal limits and is harrassing you, check out the Fair Debt Collection Act, which outlines was a collection agency can and cannot do.
How are work commercial collection agency?
The commercial collection agency is used in debt collection in the event a debtor fails to.
