Collection Agency

Welcome to Collection Agency information. Our goal is to provide free and accurate information on collection agencies, debt collection laws and best practices for in-house collections. We are committed to finding the freshest and relevant collection agency information for you from multiple sources including industry publications and expert authors. We have high standards and we want you to recover your money as quickly as possible.
Collection Agency

Collection Agencies

We know that the decision to use a collection agency isn't one to be taken lightly. What will happen to your reputation? What will your customers or patients think of you? How will [...]

Bill Collection Letter

Bill Collection Letter is free for your use. The Bill Collection Letter should be used to try get a customer to pay their delinquent before you send them on to collections. The Bill Collection Letter is an attempt to motivate clients or patients to pay now to avoid debt collection action. Just cut, paste, fill in your information and send.
Bill Collection Letter
[Your Name]
[Street Address]
[City, ST ZIP Code]
July 1, 2012
[Recipient Name]
[Title]
[Company Name]
[Street Address]
[City, ST ZIP Code]
Dear [Recipient Name]:
Your account is seriously delinquent and has been assigned to our collections department. Our instructions are to have you pay [...]

The debt collections industry is increasingly regulated. Collection agencies have a bad reputation because of their many abuses, both perceived and real against debtors. Some unscrupulous collection agencies were known to:

Use profane & abusive language.
Call and confront the debtor at work.
Call debtors to early or late based on the Fair Debt Collections Practices Act (FDCPA) guidelines.
Falsely tell debtors they could serve jail time for not paying.
Misrepresent themselves as law enforcement, lawyers or government officials.

These collection agency compliance abuses still can occur today when management is not invested in training collectors in compliance.
Debt collection agencies are increasingly finding themselves under attack [...]

Trucking Collection Agency
View this trucking collection agency video testimonial by a transportation company, who had an accounts receivable problem with shipping brokers. This trucking collection agency video illustrates some of the issues when trucking creditors don't get paid for freight charges, and it shows:

Credit Collection Agency
Watch a credit collection agency video endorsement by a marketing company, who's over 90 days accounts receivable went into the 6 figures. This credit collection agency video shows that:

Collection Agency Services
Watch a collection agency services video testimonial by a business owner, who was owrd over $30,000 for the work her company did. This collection agency services video can help businesses looking for collection agencies - it illustrates:

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:

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 DEBT COLLECTION PRACTICES ACT | FDCPA

The Fair Debt Collection Practices Act was intended to apply to third party debt collectors and not to the employees of the original creditor. Federal Courts [...]

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 debt.
Bad Debt
But first, let us define what a bad debt really is. Actually, bad debts must be identified properly, and at the earliest time possible for greater chances of [...]

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 have been bills that were not settled yet. This can pose a problem with the cash flow of the hospital and should be acted upon immediately.
Medical Collections
Agencies that deal with medical collections perfectly understand that there are [...]