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Business Debt Collection in 2024

In 2024, navigating the complexities of commercial debt collection requires more than just persistence; it demands a strategic approach. With new economic challenges and regulatory landscapes, business owners must adapt to remain effective in their debt recovery efforts. This insightful post explores the latest challenges and strategies in debt collection, offering actionable advice to enhance your financial management and recovery processes. Discover how leveraging technology, understanding regulatory changes, and maintaining customer relationships can transform your approach to debt collection in today's business environment.

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Choosing A Collection Agency
The Power of Promptness

In the world of commercial debt collection, time is undeniably of the essence. Picture this: a business extends credit to another, trusting in the promise of payment down the line. But as days turn into weeks and weeks into months, that promise remains unfulfilled, causing a strain on cash flow and hindering growth opportunities. This is where the art of timely follow-up comes into play, and it's a game-changer for businesses like yours, navigating the intricate landscape of debt recovery.

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Tax Debt Collection
Tax Debt Collection and You

As a taxpayer, you can protect yourself from shady debt collecting practices by being aware of your debt situation. Private tax debt collectors can reach you via letters, emails, phone, or text messages

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Ethics of Debt Collection
Dealing with Debt Collectors

Debt collectors get an incredibly poor reputation, but they are invaluable to both businesses and individuals. While it's important to pay your debts, you can begin

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CFPB's Debt Disclosure Survey - Burt and Associates
CFPB’s Debt Collection Disclosure Survey

Recently, the Consumer Financial Protection Bureau (CFPB) published a survey in which they asked over 8,000 individuals their thoughts on debt collection disclosures. This survey attempted to determine whether consumers understood these disclosures and whether they allowed individuals to make sound financial decisions.

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New Time-Barred Debt Disclosure - Burt and Associates
New Time-Barred Debt Disclosure Decision

Introduction to Debt Statute of Limitations In the most simple breakdown of debt collection legal obligations, a creditor has up to seven years to file suit to collect on that outstanding debt. The date that is considered for the seven-year term is the date that the debt was issued, or the date of the latest…

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what does a debt collector do - Burt and Associates
What Does a Debt Collector Do?

When you think of debt collectors, it may conjure up words like; bully, sleazy and annoying. Recently in the news, Bloomberg published an expose on the New York City Marshal (debt collector) Vadim Barbarovich. Bloated revenue and aggressive collection tactics were just a few of the accusations which are pretty typical of the public’s attitude…

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Robocalls Vs Trump FCC Rules for Robocalls
Robocalls Vs Trump

About half of all calls on cell phones in the year 2019 will be automated. Robocalls have become popular the number of calls recorded 3.4 billion per month

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