Welcome to the BYL Services blog


 

What is the CFPB and How Does It Affect Debt Collection?

At the end of 2016, the Consumer Financial Protection Bureau (CFPB) released its complaint report for November. The complex report reveals the most debt collection complaints, what industry is most affected, what states are most problematic, and...

Most Common FDCPA Violations

Debt collectors get a bad reputation for being aggressive and deceitful to individuals who owe a past due bill. What consumers may not know, however, is that there is regulation meant to protect against this behavior. Not only is the debtor...

The impact of Credit Bureau Reporting in Consumer Collections

Consumers are notably concerned about the effects of collections on their credit rating. The FCRA protects consumers from inaccurate reports on their credit and also provides a way to dispute false information. When a consumer is educated on debt...

Settling past-due collection accounts: Sometimes it’s better to cut your losses

When attempting to collect on past-due invoices, accounts receivables and collections departments have to weigh the options of fighting the good fight or writing off the account. Collections may be worth it if the some or all of the debt can be...

Why Collection Agencies Get a Bad Reputation

No one likes receiving a call from a bill collector. Even if you recognize that the caller is only doing their job, a debtor will still tense up and get annoyed. Part of the reason for the stressful reaction are the horror stories of threats and...

When Collecting Debts, Respect Your Customer

At BYL Collections, we've written plenty of articles about the federal and state regulations behind customer collections. We've written how to attract renters, how to stay in compliance, how to make sure your customers pay on time and the many,...

A Commercial Collections Journey

When BYL Collections was started, our focus was on industries that we understood. We knew that the more we understood the business demands and complexities of our clients, the better our chances at account recovery and consistent results. Our...

Recovering lost payments: Ask for it all, negotiate later

In order to continue growing your business, whether that's investing, moving to a larger office or hiring employees, your accounts receivables must function effectively. Your A/R team is most effective when invoicing regularly, collecting payments...

Scam Alert: Fake IRS Debt Collection Calls

Earlier in the summer, the Internal Revenue Service issued a warning for U.S. taxpayers of a surge of fake IRS agents attempting to scam many out of their hard-earned money. The callers would leave urgent requests for callback in order to settle an...

5 ways to Help your Accounting Team Increase Cash Collections

Sales and marketing can be easily identified as the top priority in growing a business. You built your business around a product or service in order to attract your target market, gain new customers and continue to develop your company. In fact,...