News
DebtCo UK Solutions Ltd and Taurus Collections (UK) Ltd Announce Strategic Merger
DebtCo UK Solutions Limited and Taurus Collections (UK) Ltd Collections Limited have announced a breakthrough for the UK’s financial services industry by joining forces. Their merger ushers in an era of innovative debt management, uniting DebtCo’s leading technology with Taurus’s vast experience in resolving large debt cases to form one formidable force within the debt…
Read MoreWhat ChatGPT thinks about how digital transformation will disrupt the debt collections industry.
My 14-year-old son asked me the other day whether I had played around with ChatGPT. An AI-driven experiment from Open AI. Being naturally curious about anything tech related, I decided to sign up. Clearly, I was not the only one as it took quite some time before I was allowed to ask my question. When…
Read MoreDebt Collection Tips for Startups: 4 Steps Entrepreneurs Must Take to Survive
This blog post discusses four essential tips startups need to collect their due debts. Read more!
Read MoreWhat to Expect When Your Debt Goes to Collection
Knowing your debt is sent to collections can be stressful. However, there is nothing to be stressed about. Many people miss out on payments every once in a while due to financial struggles. In such cases, the creditor can send your debt to a collection agency for faster recovery. When that happens, panicking or not…
Read More5 Things Debt Collectors Are Forbidden to Do
We know debt collectors for being rude, annoying, and sometimes downright scary when talking to debtors. They can use any technique or even threaten the debtor into paying up. To protect consumers against such atrocities, the government created several federal laws. These laws forbid debt collectors from using certain methods on debtors to make them…
Read More6 Resources Debt Collectors Can Use To Find You
In the digital age, it is certainly impossible to hide your whereabouts from debt collectors. Even if you don’t provide the agency with your number or other contact information, they can still find you. Debt collection agencies use several legal modes to gather information on you. If you are late on your EMIs, the best…
Read MoreHandling Debt Collection Calls: Do’s and Don’ts
Receiving a debt collection call can easily derail and overwhelm you. However, if you get frightened or emotional on the call, you may say the wrong things, leading to trouble later. Knowing the dos and don’ts of handling a debt collection call is essential to prevent such a situation. Here’s what you need to know…
Read MoreHow to Protect Against Phoney Debt Collectors and Scams
After the pandemic, the number of scams that siphon money off people have increased significantly in the UK. According to Lloyds Bank, the advanced fee scam has doubled over the year, and victims lost an average of 200 pounds. Debt collection fraud is becoming very common and can happen to anyone. Knowing how to protect…
Read MoreHow to Tell The Difference Between A Legitimate Debt Collector and Scammers
Whenever you receive a call from someone claiming they are a debt collector, you question whether they are real. Your doubts are not entirely baseless, as many fraudulent agencies and individuals would steal your money by claiming they are genuine debt collectors. However, legitimate debt collectors can also contact you for overdue payments. Knowing how…
Read MoreAdvantages of Using A Debt Collection Agency
A steady cash inflow is critical to running a business. A stable influx of cash is only possible when your invoices are paid on time. But that rarely happens in the real world. In reality, customers often delay their invoices or end up not paying at all. That’s when a debt collection agency can swoop…
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