If you are a creditor trying to recover a bad debt, you may consider taking legal action through the courts. Here is an overview of the general steps involved in the legal process of recovering a debt via a lawsuit: The post-judgment process of recovering a debt can be complex and may involve a number … Read more
Hiring a professional debt collection team can help you avoid legal missteps by ensuring that all collection efforts are conducted in compliance with state and federal laws. These laws, such as the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA) have strict guidelines that must be followed in order to … Read more
In the United States, commercial debt collection is governed by the Fair Debt Collection Practices Act (FDCPA) and the Uniform Commercial Code (UCC). The FDCPA regulates the behavior of third-party debt collectors when collecting debts from consumers, including prohibiting certain forms of harassment and deception. For example, the FDCPA prohibits debt collectors from threatening to … Read more