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,...
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...
If you're reading this, you may already be dealing with a client or customer who isn't paying their bills on time. Asking for money is stressful, in general, but especially when customer debts are past due. Even more frustrating is when those...
As a rule, debt collections must be fair and honest per regulatory compliance at the federal and state level. The Fair Debt Collections Practices Act dictates what is construed as abusive and deceitful debt collections practices at the consumer...
Earlier this year, Puerto Rico was left with no choice but to attempt to restructure its current utility debt. With its population facing a decade-long economic crisis, Puerto Rico had attempted to help ailing utility companies previously meet...
Businesses have to consider many options when selecting a debt collections agency. Obviously, the agency must be licensed, insured and compliant with various federal and state regulations. Beyond that, businesses must also find that they can trust...
"Debt".
It seems almost as shameful of a word as debt collections. In reality, debt collections, as in consumer debt and as a business who requires outside assistance to collect, is actually very common in the United States. The stigma around debt...
Credit and credit scoring can affect buying or leasing a house or car, getting a student loan or credit card, or in some cases, getting a job. Creditors, lenders and property owners may have different policies on when they send an account to...
Having a debt go to collections can be very stressful for a consumer who is simply trying to make ends meet. There could be medical debt, student loans or a number of reasons why an account is past due. Complaints about abusive and harassing debt...
An Insider Guide to Maximizing Apartment Collection Rates
Property managers are busy people. As Monster.com reveals in their property manager job description sample, they have an enormous amount of responsibility. So when it comes to collecting an...