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Consumer Advocate Bud Hibbs, a debt collection expert and consultant for over 25 years who has written several books, is approved to teach CLE (Continuing Legal Education) courses through the State Bar of Texas and has appeared in numerous radio and television programs including The Oprah Winfrey Show, says that consumers should not do the following three things when being sued for a debt by a ...

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Selling a Debt vs. Using a Collection Agency - Rocket ... Selling a Debt vs. Using a Collection Agency. ... If the debt is older, and you’ve exhausted the DIY approach, you have two options: hire a collection agency or sell the debt. Hiring a collection agency is a good idea if you’re having trouble collecting on a debt; turning this process over to professionals always yields a higher return. If ... 5 Reasons to Hire a Debt Collection Agency - Windfall 5 Reasons to Hire a Debt Collection Agency. ... If your demands for payment have been unsuccessful, hiring a debt collection agency can be extremely beneficial for your business. Many business owners have a picture in their mind about debt collectors – and for a good reason. In the past, anyone could set up a debt collection agency without ...

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Businesses often hire third-party debt collectors to pursue past due accounts. For example, a credit card issuer might hire a debt collector to go after you for a charged-off account. While some debt collectors contact you to collect on legitimate debts, there are scammers who pose as collection agents to trick you into paying money for debts that have been paid or canceled or that don't even ... Five Tips for Hiring a Debt Recovery or Debt Collection ... Five Tips for Hiring a Debt Recovery or Debt Collection Agency. Small Business . While there are smart ways to avoid the debt collection process, sometimes you have to hire a professional. After all, you have your business to run and dealing with delinquent accounts can be draining on your resources, time, and patience.

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