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Finding the Right Collections Agency for Your Pest Control Business

August 12, 2020 By admin

If you are running a pest control business, you may need to hire a collection agency today. There is no denying that the pest control industry is becoming competitive by the year. Recruiting a collection agency for your accounts receivable can help you focus on your core business and protect against potential lawsuits.

Although a large percentage of pest control companies past due accounts comprise residential customers, it is common for commercial business to business customers to fall past the scheduled period. Not only is making collections from past due accounts frustrating, your pest control company may not have the experience and tools to collect debts from the past-due account can be challenging without the tools and techniques.

Let’s see how you can take care of Pest Control Collection by hiring a collection agency.

Pest Control Collection by Hiring a Collection Agency

Hire Coast to Coast Financial Solutions
for Pest Control Collections

805.506.8195

What Does a Collection Agency do for Pest Control Collections?

No matter how many times you call the debtor or send invoices, getting the payment is not as easy as it seems. After your failed attempts at collecting the debt, one of the few options you are left with includes joining a debt collection agency.

Since an average pest control company may not have the required resources to collect on past due accounts, getting in touch with a collection agency with all the right resources and tools for collecting your debt is the best option. These companies locate the debtor making your past customers realize that they must pay off their debt, or they will have to face the consequences eventually.

The agency is also better equipped to secure the payment over the phone. Since these companies negotiate with debtors, every day, over the phone, they have special software to make notes on the debtor account. These companies can take payments quickly and have a successful history of collecting past due amounts.

Benefits of Partnering with a Debt Collection Agency

Improved Productivity

Running a business is not easy. You have to take care of customer service, operations, marketing, and all aspects of your business, which means that you won’t have enough time dealing with past customers who owe you money.

When you hire a collection agency, you can focus on improving your company performance without worrying about who will take care of your debtors. That means you can grow your pest control business and leave the debt collection part to the experts. You don’t have to spend your valuable time making phone calls to your debtors and can use it to attract potential clients.

Dealing with Legal Issues

Hiring a professional debt collection agency helps you avoid legal complications so you can sleep at night without worrying about legal matters. You know that you are represented by a company that can collect debt effectively and is familiar with FDCPA.

Affordable Services

Many collection agencies collect the debt on a contingency basis, which means they will charge a percentage of the money you have collected. This eliminates the risk for your company since you only pay for results. When the collection agency cannot collect any payments, you don’t have to pay them any amount. Such an arrangement puts an extra emphasis on the results. The collection agency you choose does everything in its power to collect as much money as possible.

Join Hands with Coast to Coast Financial Solutions for Pest Control Debt Collection

Working with a debt collection agency with years of experience collecting debt in the pest control industry guarantees successful results. Coast to Coast Financial Solutions is a full-service debt collection agency that serves the U.S. from coast to coast.

Our trained staff makes debt collection easy, and we are familiar with the ‘Fair Debt Collection Practices Act (FDCPA) that offers complete protection while you try to recover your own money. Collection agencies perform a ‘lighthouse individual’ check to take a different approach when collecting from high-risk defaulters who seek excuses to file a counter lawsuit.

When it comes to debt collections procedures, business owners always want to use the right resources to recover the full amount. Since all these matters have to do with money, you need expert negotiators who can contact debtors and convince them to pay off their debt. From making telephone calls to creating customized debt-recovery strategies, we take care of everything.

Also Read: Debt Collection Strategies When Customers Slow-to-Pay or Don’t Pay!

Our Pest Control Debt Collection Services Include:

Bad Debt Contingency Collection Programs
Extended Business Office Programs
Revenue Cycle Management Consulting and Training
Legal Collections and Litigation
Clean Up and Skip Tracing Projects

Contact us

Coast to Coast Financial Solutions employ the most in-depth technological resources to deliver the best results possible. If you want to know more about how your pest control business can benefit from a debt collection agency, don’t hesitate to contact us today. We serve a variety of industries, including pest control. Our experience allows us to offer a customized solution to every client, so they can focus on expanding their business, without worrying about debt collection.

So what you are waiting for? Hire the best debt collection agency in southern California- Coast to Coast financial solutions. Call us today at 805.506.8195.

The Best Debt Collection Agency For Small Businesses

July 23, 2019 By admin

Go-To Debt Collection Services For Any Small Business

At Coast To Coast Financial Solutions, we believe in redefining Accounts Receivable Management. As a result of this guiding principle, we work closely with clients to not just collect past due payments, but also increase overall revenue and returns.

Are you a small business owner who is considering the help of an agency when it comes to collecting on outstanding invoices and debts? Our team at Coast To Coast Financial Solutions has compiled everything you need to know about choosing the right debt collection agency for your small business in this helpful guide. Let’s get started!

How To Know Your Business Needs A Debt Collection Agency

The first question you might be asking is: “How do I know if my business could benefit from debt collection services?” If any of the following apply to you and your business, you might want to consider contacting a reputable debt collection agency to help you with past due payments and outstanding invoices.

Your business team is already overloaded with daily operations: At Coast To Coast Financial Solutions, we get it–your small business team is small and already busy. If A/R collections have been pushed to back burner due to overwhelming daily operations, you might want to consider outsourcing this important task to increase your bottom line.

You need to maintain an important business relationship or contact but still need to receive payment: If one or more of your most crucial vendors starts to fall behind on payments, it might be time to consult the help of a debt collection agency, so a third-party can collect the past due amount and you can continue

Your Accounting or A/R team is overwhelmed with increased accounts: If you’re starting to see past due payments and invoices accumulate, it is time to act fast and partner up with a savvy agency that will help you collect the most amount without letting the debts sit unpaid for too long.

A past-due client or customer disappears completely: When you no longer have the means of contacting or communicating with a past due client or customer, a debt collection agency that specializes in tracking debtors will be able to save you time, money, and labor to find this person and bring their account up to date.

Your current team doesn’t feel confident in up-to-date technology or debt collection laws: Compliance is crucial when it comes to collecting debts. If your small business team lacks the resources and/or knowledge to collect payments legally, you’ll need to work with an agency who specializes in this heavily regulated field.

Choosing The Right Debt Collection Agency For Your Small Business

Once you’ve established that your small business is too busy to handle this often-overlooked aspect of A/R management and could truly gain returns and revenue by catching up on past due accounts, you will need to find a debt collection agency that you can trust.

At Coast To Coast Financial Solutions, we recommend researching and interviewing multiple debt collection agencies before making a final decision. Here are some guidelines that can help you along the way:

Ask your potential agency how it tracks and locates debtors.
Ask the debt collection agency if you can see the script(s) they use.
Check an agency’s online reviews before working with them.
Look into the debt collector’s Better Business Bureau rating and record.
Be sure to check Consumer Affairs, a private company that rates debt collection agencies.
Check for any complaints against the agency via the Consumer Financial Protection Bureau.
Contact the Attorney General of your state to check on any past or current lawsuits against the debt collection agency.
Ensure that the agency is properly licensed and bonded.
Ask for recommendations from other business owners.
Find out if the agency has an ACA International membership.
Ask about the industries and types of businesses an agency has experience working with.

Reasons Why You Should Choose A Small Business Debt Collection Agency

Besides collecting past due payments that your business is rightfully owed, a professional debt collection team will save you time, money, and labor when it comes to the process of securing these payments.

Additionally, given their expertise, a debt collection agency will be able to respond quickly to new past due accounts, determine when a customer account belongs in collections, and also navigate all compliance issues to keep your business safe from any legal issues or lawsuits.

How To Know When A Customer Account Should Be In Collections:

A past due customer is no longer responsive to calls or emails regarding their outstanding payment(s) or invoice(s).
A customer puts off paying the past due amount and does not mention bringing the account to current billing status.
The customer has a track record of behind or late payments, and their account is never paid in full.
A customer has a reputation for neglecting payments with other companies.

Misconduct Outlined By The Fair Debt Collection Practices Act (FDCPA):

Contacting debtors at their place of employment after receiving verbal confirmation to cease that line of communication.
Using profanity or abusive language in the attempt of collecting a debt.
Threatening legal action or arrest.
Continuing to contact client after a cease and desist letter has been sent and received.
Mailing letters to past due customers/clients that are made to look like court documents.
Failing to submit verification or validation of a debt when it is requested.

6 Key Factors When Choosing A Debt Collection Agency For Your Small Business

We’ve already given you the insider tips and tricks you need when researching potential debt collection agencies for your small business. Here are some crucial factors for having the most successful experience when outsourcing your debt collection services.

View debt collection services as an investment rather than an expense: Don’t just choose a debt collection agency according to lowest collection rate. A low collection percentage can translate to a low recovery rate, which means significantly less returns and revenue for your business. Be sure to compare recovery rates in addition to fees and charges.

Look for an agency dedicated to customer service: From the get-go, ensure that your debt collection agency has a local or national call center. This will be the best way to offer quality services for you and payment options for your past due customers.

Find an agency that proves to be more than just a debt collector but also a savvy business partnership: Although your debt collection team should be incentivized to secure past due payments and invoices, they are also debt recovery experts who ought to be proactive in helping your business with its internal collection efforts. Be sure to ask about how to set-up payment reminders and screen potential clients for credit risks, as this will help prevent past due accounts in the long run.

Research the agency’s history and reputation: Not only do you want an agency that’s experienced in debt recovery, but also your particular industry. Be sure to ask for referrals and find out about the experience they had with the agency in question.

Confirm proper licensing for all applicable regional areas: Collection agency laws are administered according to state jurisdiction. If your small business works with local clients and customers, an in-state license will suffice. However, if your business works across state lines, you will need to verify that your debt collection agency is licensed accordingly.

Ensure that the agency is transparent and reporting is thorough: With any business partnership, it will be important for owners and executives to access pertinent information regarding your account at any time. Also, your debt collection agency should provide monthly statements that breakdown payments as well as recovery rates, so you can monitor your overall cash flow aptly.

Choosing The Best In Debt Collection

When it comes to debt recovery, Coast To Coast Financial Solutions are experts in collecting late payments on past due accounts as well as improving the overall efficiency of your Accounts Receivable management. With over 65 years of debt recovery experience combined, our financial team can guarantee the following certifications and compliance to aid in your business’ overall return on investment (ROI):

Fair Debt Collection Practices Act (FDCPA)
Fair Credit Reporting Act (FCRA)
Health Insurance Portability & Accountability Act (HIPAA)
California Association of Collectors (CAC)
The American Collectors Association (ACA)
Commercial Law League of America (CLLA)

For more information about how to find the best debt recovery solutions for your small business contact us today at 805.506.8195.

Everything You Need to Know about Debt Collection From Your #1 Collection Agency

April 10, 2019 By admin

Your #1 Debt Collection Agency

In case you have a bill or account that has gone to collections, you might ask yourself what would happen if you fail to pay the debt collectors who are getting in touch with you. Of course, it will depend on the strategy taken by you–they will call you continually even if you avoid them; in fact, they will have no other way but to serve you a lawsuit if you apply your right to prevent them from getting in touch with you or calling you. At Coast To Coast Financial Solutions, we offer debt collection services to businesses in a wide array of industries. From an Accounts Receivable and consumer standpoint, here are some key points concerning debt collection straight from the source.

What Action Do Debt Collectors Take If You Fail To Pay?

1: Reported To The Credit Bureaus

Having a bill show up on you credit report in the form of an unpaid debt will be amongst the first steps a debt collection agency will do to take action on your account. If your unpaid debts end up getting reported to the credit bureaus, it can be enough to ruin your credit score for a considerable period of time and can likewise impact your capability of being approved for further credit–including vehicle loans, mortgages, credit cards, and other sorts of funding.

2: Frequent Attempts At Contact

Typically, a debt collection agency will call the debtor regularly in order to seek out payment on a past due account, or they will deliver a number of letters in an effort to collect. Even though it is not legal for them to call you consecutively, there is no regulation that will prevent a debt collection agency from getting in touch with you on more than one occasion each day–unless of course, you tell them specifically you would like them to get in touch you via writing.

3: Claim Your Assets

If you default on a line of credit or secured loan, the firm from where the money was borrowed can gain back the asset (such as a vehicle or property) by repossessing your automobile or foreclosing on your house, so they can cover the entire price of the loan. They likewise have the power to get back rent-to-own objects. Nevertheless, this is not a typical action taken by debt recovery companies, but something you should remain aware of.

Can You Be Sued By Debt Collectors?

Of course, accounts receivable companies have every right to file a lawsuit in the event of avoiding payment. Nonetheless, they need to follow several steps prior to filing a lawsuit. Usually, unsuccessful debt collectors will transfer a debt to another debt control company that will also try to collect on that debt. As a result, different agencies might send you a number of calls, as well as letters, before you get sued. Nevertheless, if a cease-and-desist letter is dispatched to you for preventing the debt collectors from getting in touch with you, their subsequent step is usually to prosecute you because it will no longer be possible for them to reach you for collecting that debt.

Statute Of Restrictions

The statute of restrictions on a particular debt is usually just 6 years from the instance when the debt was accepted, thus if an agency or company files a lawsuit, it’s going to take place within that period of time. It will be highly likely for a debt collector to file a lawsuit if they realize you are in a position to make the payment given that you have a steady source of income, and are merely choosing not to pay the past due amount; consequently, it would remain advisable to keep restrained interaction with them.

If a debt collection agency serves you with a lawsuit, it will be sensible for you to reply by the date requested on the documents served to you. At this stage, you will be judged by the court on how you should repay, which might incorporate a repayment schedule and/or garnishment of your salary.

How Will Your Credit Score Be Affected?

It is possible for unpaid debts to harm your credit score for a considerable period of time until the debt is paid by you or up to a period of 7 years prior to it falling off the report. This could affect your eligibility for securing loans as well as reduced interest rates. Moreover, too many collections accounts on your report could adversely affect opportunities for employment–particularly ones that are finance oriented or pertain to upper management. On top of that, it is also possible for it to affect your potential of passing a credit check while applying for a lease or rental home since property management companies and owners perform credit checks as part of the application process.

Delayed Payments

Delayed payments will also show up on your credit report depending on the type of account and how past due it is. Keep in mind that it’s also possible for any regular unpaid bill to have a negative effect on your credit score; nevertheless, the accounts given the most priority on your credit report are those intended for credit cards as well as some other lines of credit. In fact, when these sorts of accounts go into delinquency, their total balance will typically be due right away, depending on the agreement signed by you.

Delinquency + Default

Although you won’t necessarily end up in jail for failing to pay bills or even collections, there are some particular bills that will go into delinquency very quickly. Delinquency is usually not reported until after 90 days of successively missed payments; consequently, if you have any late payments over a period of 3 months, it is likely that these late payments will drop from your credit report within a couple of years, while delinquent accounts are going to stay on that report for as many as 7 years.

Multiple Collections Accounts

As you probably know, your credit score will be negatively impacted by having more than one open collections accounts, conveying to lenders your inability to pay the cash which you are obligated to repay. If the debt is not taken care of when you are approached by a debt recovery firm, and the debt is transferred to another collector, it has the potential to be duplicated on your credit report, which will increase the negative impact of the unpaid debt and make it even tougher to repair the credit report after a while, since the debt is going to be reported to at least one or more credit agencies. It is quite natural for debtors and consumers to become baffled while trying to repay any open collections accounts when they are not certain which account recovery firm is responsible for which particular debt.

Repossessions + Liens

One can consider alien to be a type of security interest which has been granted over an object or property for securing the payment of any particular debt. These phrases are used interchangeably in the US; however, in other nations around the world, a lien is related more to real property as compared to personal property, where we usually define the security interests as a security agreement intended for debts having secured loans. The borrower collateral will be able to use these sorts of agreements for making sure that they are compensated even though you do not have sufficient cash for it–which includes repossessing any real property based on the type of lien and the debt.

Charge-Offs

A charge-off is going to happen when a lender makes a decision that the debt results in a deficit for the company and ceases attempting to acquire the debt. As soon as a debt is specified to be a charge-off, it will show up as a negative mark and remain on your credit report for a period of 7 years. Nevertheless, the creditor will no longer try to acquire the debt from you anymore, but it’s still advisable to pay the debt in order to avoid hurting your credit score.

For improving your credit score, it will be essential for you to get in touch with the original lender to pay off the account well before it’s even delivered to a debt recovery firm. If you do this, the account will appear as a paid charge-off, which appears much better on a credit report as compared to an uncompensated charge-off. Even though it has been marketed, it will be still possible for you to pay the account by means of a collection firm, and your credit will receive the same effect.

Bankruptcy

The last resort in trying to resolve debt and collections is to file for bankruptcy. Even though a majority of current debts will be resolved in this way, declaring bankruptcy will stay on a credit report for a period of 7 to 10 years, and possibly even longer depending on the type of bankruptcy filed. As a result, your score will drop somewhere between 170 and 210 points.

Collector Calls

The main goal of debt collection agencies and account recovery services is to receive payment for past due accounts. Usually, collectors will not make any profit unless owed amount is collected by them in full. It’s normal to get frequent letters and phone calls from loan companies until you are able to make payments.

Thankfully, it would be possible to stop any call from the debt collectors simply by writing and also requesting them to refrain from calling. However, be aware that there are several debt collectors who tend to disregard this consumer rights regulation and carry on calling whatsoever.

On most occasions, collection agencies will be designated a debt for several months. If they fail to receive payment from you within that time frame, the debt might be taken over by a fresh debt control agency. This procedure is going to repeat a number of times over the years until you are able to make the payments.

Although a collections account can get passed from one particular collector to a new one and records will not be shared by them, and it’s still likely for you to receive a cease-and-desist letter for preventing collection calls or even a debt validation notice with the intention of forcing every single collector to show that you indeed owe that debt.

Credit Report Marks

Debt collections happen to be a severe form of delinquency as well as an indication to other lenders and creditors that payment promises have not been always kept by you. Because you appear to be a riskier debtor, several financial applications are more likely to get rejected. There is a major possibility that you will be rejected for a mortgage if you have any uncompensated debt collection on your credit report. Whether or not you are able to pay the collection, it will still remain on your credit report for the full credit reporting time frame. Subsequently, the collection is going to fall off the credit as soon as that time period expires. However, you will continue to owe that debt and it is still possible for the collector to pursue you, but the debt will no longer be shown on your credit report anymore.

Detrimental Interest Rates

However, not all financial applications will be denied due to the fact that there is a collection account on your credit report. Although you might be authorized, you will still need to pay a higher rate of interest since you will be seen as a higher risk debtor. Some other services, such as cable or smartphone, might require you to pay a security deposit upfront. Keep in mind that your deposit will be credited or returned to your account–provided that you are able to pay each month within the stipulated time frame.

Job Searching

Typically, it is not authorized for employers to have access to your credit report, as it is regarded as personal information. However, it still remains possible for a company to check your credit if you are applying for an upper-management role or a position within the financial sector.

Do you have any additional questions about the debt collection process or its effect on consumers and businesses? Or perhaps you’re a company or institution in need of outsourcing your debt collections due to high AR costs? Call our trained professionals at Coast To Coast Financial Solutions 805.506.8195 to learn more about the collections services we offer or visit https://c2cfsi.com/!

What Happens When A Debt Goes to Collections?

March 29, 2019 By admin

If your debt has been sent to collections, you already know that the process isn’t fun. Not only will it impact your financial health, but it will also affect your credit score as well. It’s not easy to deal with debt collectors. You will have to go jump through a lot of hoops if you do not know the procedure and your legal rights.

Once a debt goes to collections, your phone will start ringing constantly due to collectors seeking payment. At Coast To Coast Financial Solutions, our debt recovery services are here to help you when this happens. We know that some agencies can push the boundaries of law and use aggressive tactics to pressure you to make payments. However, you can protect your interests and stop the harassment just by following some legal procedures.

Needless to say, account recovery services and collection agencies ought to remain compliant when seeking out payments. However, if your debt has been sent to collections, you should inquire about all the possible options to minimize the risk. With savvy consultants on your side, you can handle the situation smartly. Collections cannot harass you if you know the legal boundaries of your circumstances. If you are looking for assistance when dealing with a debt collection agency, read the following tips to find out what steps to take to handle your debt accordingly.

What Exactly Happens When A Debt Goes to Collections?

A debt collector will collect your past due debts. There are different types of debt collectors such as a debt control agency, individuals, and even lawyers. They are hired by creditors to collect debts. A debt collection agency is a third party who collects the debt on behalf of the lender.

What Are The Possibilities?

When a debt goes to collections, a company or agency will adopt the following steps to get back money at the fastest possible time

Collection Letters:

Normally banks and credit card companies will make calls during the first 180 days to remind you regularly about your due debts. Once the 180-day period is over, they will write off your debt and then after a few months, they will hire a debt recovery agency to collect your past due amount. The collection agency will take care of collecting the debt and will try different attempts to receive payments. To start off, they will send you a letter stating that your debt has gone to collections and that you will need to make a payment to avoid legal complications.

Repeated Calls:

If you do not respond, a collection agency will keep sending letters and start calling you to remind you of your debt payment. At this stage, you still have the option to negotiate most of your debt collections to avoid legal complications.

Lawsuit:

If you do not negotiate or make payments, then account recovery agencies will have the option to file a lawsuit against you. Once they take legal action, you will get a legal notification and will be asked for a court appearance. You should never avoid such a summon and ought to show up on the given date. Otherwise, you will be legally responsible to pay the debt by default.

The Court Will Have The Final Decision:

The court will hear both parties before giving judgment. If the decision does not go in your favor, you might be accountable to pay all the additional expenses that include collection cost, interests, and even attorney fees.

When Does A Debt Go to Collection?

The process is complex and will vary depending on the debt type. A company or institution can send the debt to collections when it is past due. While some credit accounts are charged-off after six months, some wait for a bit longer. Thus, it is important for you to avoid such circumstances by trying to make payments before the six-month period ends to avoid further complications. Also, banks and credit cards are not obligated by law to notify you before sending your debt to collections. In the case of any confusion, you can communicate with your lender directly when you realize that you are having difficulties making monthly payments

What Are The Impacts of Debt Collections?

The major impact will be on your credit score. A debt collection will have a severe impact on your credit. With one single debt collection, your score can drop up to 80 points. Furthermore, your score will remain stunted, as collection items remain on your credit report for seven years.

With this in mind, it might seem like waiting 7 years for the debt collection to be removed from your credit report is a viable option. However, keep in mind that you can request a collection agency to remove the past due account upon receipt of a payment. By doing this, you will have to pay an agreed sum, and then the collection agency will remove the collection item from your credit report. However, you cannot expect this option early on during the initial months. A collection agency will only offer this during the closing period after nearly seven year. You can dispute the collection item with the bureau as well. If the agency does not respond within thirty days, the collection item will be removed from the score.

Is there Any Right to Protect Your Interest?

When your lender hands over your past due account to a debt control agency, this type of establishment is required to follow certain rules and regulations for collecting your debt. The FDCPA has imposed a lot of requirements on debt collectors to ensure the rights of consumers.

If the collector contacts by phone, then he/she is required to send a letter regarding the debt within five days. In the letter, you will find some basic account details with your consumer right to send information about your debt. You should exercise this right and send a certified letter to the collector. If the statute of limitation has not expired for your debt, you can get a little more time to gather funds and decide on a suitable monthly payment plan.

The FDCPA offers some other benefits to protect your interests. Some states have some strict rules for the collection process. There will be a limit for making calls. Collectors cannot call you before 8 am or after 9 pm. However, there could be an exception when the collectors have granted permission to call beyond these permissible hours.

You will also have the right to send a prohibition request and cease-and-desist letter to your collector to stop making calls to your workplace. The collectors are not allowed to threaten your public name, and they cannot impersonate law enforcement officers during their collection process.

If you find that your collectors are violating any of the above-mentioned rules, you will have the right to sue them for up to $1,000. When the violation is approaching the level of harassment, then you can file a lawsuit for a considerably higher amount. Therefore, it is important to understand your right to avoid harassment from collectors. Whenever you feel that a collector is not obeying rules, you should immediately contact your state attorney general’s office to find a suitable solution.

What Can Help When Your Debt Goes to Collections

If the debt is not yours, take action immediately and write a letter to the collection agency within thirty days of their first attempt at contact. You should make everything clear in the letter by stating in writing that the debt is not yours, and they need to stop the collection activity. They will stop all the collection activities unless they have strong evidence to prove that the debt is in fact, yours.

In some cases, the collection agency might come across proof to claim their money. If you do not agree with them, and you know that the debt is not yours, then you should immediately complain to the Consumer Financial Protection Bureau (CFPB). Make sure that you have the required documentation to support your stance.

You can dispute the collection items with the credit bureau online via Experian, Equifax, and Transunion. You can easily make a dispute to challenge the collection agency. If the collection agency has the proof, they will nullify your dispute. However, if they do not respond within 30 days, then the item will be removed from your credit report, improving your overall credit score.

Take caution while interacting with accounts receivable agencies. The statute of limitations varies from state to state. Once the statute of limitation expires, you will be protected from legal actions. However, if you admit that the debt is yours on the phone, it will be enough to reset the statute and initiate the collections process. Therefore, it is important to be very careful while talking to debt control agencies. Even if you are outside of the statute, your collection agency still might try to sue you. In that case, you will need to be fully prepared to defend yourself in court. You can reaffirm the statute of limitations in your state. However, if you do not try to defend yourself, you can put yourself in legal trouble. However, you can also complain to the FTC. Debt collectors are not legally allowed to sue you in a time-barred debt.

Is There Any Way to Get Your Debts Out of Collections?

There are many ways to get out of collections. You can negotiate a payment plant, pay in full, or settle the debt for a lesser amount than your principal balance. If you settle the account for less than the principal amount, then it is going to damage your credit score significantly. The lenders will take it as a red flag and not consider your loan applications at least for a while. Thus, you should always take it as the last option.

However, not all methods are applicable to all types of debts. For example, you can resolve a mortgage issue by making the full payment, fees, and interests. You can work with a non-profit consumer credit counseling agency to drop the high-interest rates to the single digits.

For an old loan in which the statute of limitations has expired, you should take utmost care not to revive the statute. You should always avoid making payments to a time-barred debt. If you do so, it will restart the statute of the limitations and will offer an option for collectors to sue. You should never acknowledge that the loan is yours. This simple mistake can reset the statute of limitations and can bring a lot of hassles.

Once a debt goes to collection, you need to follow a stressful and tedious process to pay your debt. You should take all the preventive measures to avoid such a condition. It is important to understand your rights and limitations of the collection agency to take the right step avoid unnecessary hassles. If you are dealing with an uncooperative collection agency, you can hire an experienced attorney to represent you. These thoroughly experienced professionals can protect your interests in the best possible manner.

If you’re a company or institution in need of outsourcing your debt collections due to high AR costs, call us here at Coast To Coast Financial Solutions 805.506.8195 to learn more about the collections services we offer or visit https://c2cfsi.com/

C2CFSI as Your Best Nationwide Debt Collection Agency

February 27, 2019 By admin

Over 65 years, Coast to Coast Financial Solutions (also known as C2CFSI) has become the most significant nationwide debt collection agency in all of the country. Specializing in both commercial and consumer debt collection, C2CFSI can operate all over the United States, without restriction in any state. It doesn’t matter the type of coverage you may seek for, be it national, regional or even local, Coast to Coast Financial Solutions is at hand to get the work done quickly and smoothly.

Hire C2CFSI Debt Collection Agency

805.506.8195

Advantages of Nationwide Coverage

Making use of a nationwide collection agency like C2CFSI allows companies to have a debt collection agency that they can use all over the country. Instead of hopping from one collection agency to another because they do not offer nationwide debt collection services, you can stick to the best in the field. Consistency is key.

That’s not all. It is quite affordable to opt for a nationwide debt collection agency like C2CFSI, instead of using multiple collection agencies in different regions. A national debt collection agency usually offers affordable fees to companies that make use of its general coverage option.

When a company makes use of a nationwide collection agency, it rests assured that the debt collection agency has a lot of expertise in all over the country, and knows how each state in the United States function when debt collection is concerned.

Opting for a nationwide debt collection agency allows a creditor to have access to resources, licensing, and technical know-how to reclaim the debts.

With a nationwide debt collection agency, your brand is sure that it can have access to a larger size of credit portfolios and balances. C2CFSI is licensed, insured and bonded to operate in every state in the United States.

Debt to pay?

Sometimes, debtors want to pay, but do not have the money. C2CFSI, not only act as a debt collection agency, we double as a Financial Solutions that can create a payment system that will ensure the creditors get their payments in full, while debtors can make payments based on the circumstances. Every party will go home satisfied.

Persuasiveness. Persistence. Professionalism

The years we have spent in the business of commercial and consumer debt collection have made us create a system that ensures debt collection should be an affordable and effective way. We are professional in everything we do, and that can be seen in the technology we make use, as well as the human resources in ensuring that debts are collected quickly, and without stress.

Our persuasiveness can be seen in how we adeptly convince debtors to pay, even the most reluctant debtors that are threatening legal action. Our Persistence can be seen in the fact that we never take ‘no’ for an answer, as we always get the work done. Be it commercial or consumer debt collection services, C2CFSI is still at hand to get it done.

Are You Looking Nationwide Debt Collection Agency

Out of every type of debt collection agency in the country, C2CFSI is the best, as we offer nationwide coverage. That means if your debtors are all over the country, we can easily ensure your debts are recovered in no time.

Every collection agent is highly qualified and experienced in the different forms of debt collection, meaning that they will get your debts collected, not minding how reluctant your debtors may be, without having your brand name tarnished, or risk legal action.

C2CFSI offers a lot of debt recovery services, and some of them are electronic surveillance, asset location and confiscation, and lots more. No matter what type of debt it may be, be it commercial or consumer debts, C2CFSI is at hand to recover them smartly and swiftly.