Debt Collections Handbook U.S. 2021

Download the International Debt Collections Handbook. Learn the debt collection practices and procedures in the United States. Debt Collections Handbook U.S. 2021 Having drawn from the expertise of Atradius Collections' local offices, the International Debt Collections Handbook explains the different regulations and procedures for debt collections in the U.S. Read the Debt Collections Handbook US online! Amicable collections General information       [Asset Included(Id:1435179337003;Type:AT_Media_C)]       Atradius Collections maintains a professional collection process, focusing on the relationships between our clients and their debtors at all times. We pursue debtors within the bounds of federal and state laws and liaise with clients and the relationship management team to ensure that we service our clients efficiently and effectively. Our collectors work to ensure that, if the initial collection phase is not productive, the file is adequately documented to fully utilise the second tier of our collection process, the legal phase. When there is a dispute, we aim to reach an amicable solution between the creditor and the debtor. We do this by analysing all contractual documents (e.g. signed contracts, orders, confirmations, invoices and delivery notes, as well as standard terms previously agreed upon). All investigations are completed with the assistance and agreement of our legal team. Interest Atradius Collections may charge interest back to debtors. Currently, we add 4% interest to each case placed with our office. However, in most states, if no signed contractual agreement exists, then we cannot exert legal means to collect the interest. If the contractual interest is greater than 4%, then the interest we charge will match that of the agreed amount. U.S.-based debtors are not used to paying interest. Often the actual amount of the interest is considered a negotiation tool between debtors and collectors. Debt collection costs Collection costs cannot be added to a case unless a signed contractual agreement exists between the debtor and the client. However, even if the contractual agreement includes collection costs, they are often used as a negotiation tool between debtors and collectors. The Debt Collections Handbook presents a snapshot of the U.S.' economic situation and covers the following topics: Accepted and most common payment methods Types of companies Legal procedures & legal system Enforcement in debt, movable and immovable proprety Insolvency proceedings To read more about steps and procedures undertaken in debt collections in the U.S. and other countries:   Download the international Debt Collections Handbook now!