#debt-collection

#debt-collection

The issue of enforcing judgments is comparable to walking barefoot across a field of rusty nails. Winning a case doesn't guarantee collecting the judgment.

Martin Lewis highlights the need for a change in Council Tax debt collection methods, emphasizing the detrimental effects on vulnerable populations, including those with mental health issues.

The Education Department warns that wage garnishment on loans in default will begin this summer after a five-year pause, affecting nearly 2 million people.

Late payments continue to challenge SMEs, impacting growth and stability, necessitating effective strategies for resolution to ensure financial health.

If you miss a bill, and a few reminders to pay, in the mail, your German bank account can be slapped with a garnishment.

"When we spoke with collectors, it was clear the industry was stuck in the past - some agencies still used pen and paper, and the most advanced relied on basic CRMs."

Rufus and his colleagues created test accounts for simulations, unknowingly leading to a scenario where a test account received collection notices for unpaid debts.

Despite Haringey Council's three-year-old ethical debt reduction policy, referrals to bailiffs for unpaid council tax have surged, reflecting systemic issues in the enforcement process.