It is not unusual for larger businesses to have their own in house debt recovery division, that’s responsible solely for the collection of the company’s bad debts, but for smaller businesses who would not have this ability, commercial collection agencies makes sound business sense. Plenty of larger organizations also are entrusting this critical operation to commercial collection agencies finding it cheaper to employ their expert services whenever needed.
What Will Happen If I Have a Charge-Off On My Credit Report?
December 27, 2009 By
Credit Card Collection Agencies and Negotiating Settlements
December 19, 2009 By
The Negotiation Process and Midland Collection Agency
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Important Reasons Why Commercial Collection Agencies Can Improve Cash Flow To Your Business
July 15, 2009 By
No matter what the size of your business is, positive cash flow is a crucial element, which means that collections should be one of your top priorities. At the same time, collections is a process that makes a lot of people uneasy, meaning that they sometimes procrastinate on doing it in favor of other, more pleasant duties. For many businesses, employing commercial collection agencies is the answer.
California Couple Awarded $500,000 in FDCPA Case
May 28, 2009 By
Last month, Manuel and Luz Fausto won one of the biggest collection awards documented in the last couple of years under the Fair Debt Collection Practices Act (FDCPA) against Credigy Services Corporation. A California jury awarded the Faustos $500,000 in damages derived from harassment by Credigy collectors. Of the sum, granted $100,000 was for actual damages the Faustos experienced, while $400,000 was in punitive damages, granted for malicious and reckless disregard of the couples rights. According to one of the Faustos lawyers, David Humphreys of Humphreys Wallace Humphreys, P.C., and the case derived from a debt on a Wells Fargo charge card opened in 1992.
