FAQs
Frequently Asked Questions
| Question |
Does the FDCPA apply to commercial collections?
| Answer |
In the United States, fair debt collection laws, such as the Fair Debt Collection Practices Act (FDCPA), generally do not apply to commercial debt collection between businesses. The FDCPA specifically applies to consumer debts, which are debts incurred primarily for personal, family, or household purposes.
However, that does not mean that there are no regulations that govern commercial debt collection practices. Some states in the U.S. have their own laws and regulations that apply to commercial debt collection practices. Additionally, the Consumer Financial Protection Bureau (CFPB) has published guidelines for debt collection practices that businesses in the industry are expected to follow, regardless of whether the debt being collected is a consumer debt or a commercial debt.
It is important for businesses engaged in commercial debt collection to stay up to date on any applicable laws and regulations in their jurisdiction. Even if fair debt collection laws do not apply, businesses are expected to conduct themselves in a professional and ethical manner when attempting to collect a debt. Failure to do so can damage the reputation of the business and lead to legal or financial consequences.
If you have specific questions about debt collection laws or regulations that may apply to your business, it is recommended that you consult with an experienced attorney or commercial debt collection professional in your jurisdiction. Melton Norcross & Associates are licensed in most states and can assist you with your state’s collection laws and recover your business’s past-due account receivables. As well experienced industry expert, Melton Norcross & Associates provides guidance on how to comply with current laws and regulations and keeps you informed of any changes that may be forthcoming, and provide professional commercial debt collection services to save you time and expense on recovering your past due receivables.
Experts with
Decades of ExperienceOur highly trained, experienced and certified recovery specialists uniquely specialize in commercial receivables recovery.
Our specialty service niche is in the oil and gas industry; from oil & gas mineral lines to liquidating claims, our seasoned, savvy industry veterans know how to get the most for our clients quickly. We can alleviate your worry, frustration, and headache from the pain and frustration of debt recovery to recoup your past due receivables.
We understand your pains in collecting past-due receivables from your past clients. That is why we make it easy to get started by providing a free consultation and service quotation with no further obligation.
Melton Norcross & Associates
Texas’s Top Commercial Debt Recovery Professionals
If you have specific questions about debt collection laws or regulations that may apply to your business, it is recommended that you consult with an experienced attorney or commercial debt collection professional in your jurisdiction. Melton Norcross & Associates are licensed in most states and can assist you with your state’s collection laws and recover your business’s past-due account receivables. As well experienced industry expert, Melton Norcross & Associates provides guidance on how to comply with current laws and regulations and keeps you informed of any changes that may be forthcoming, and provide professional commercial debt collection services to save you time and expense on recovering your past due receivables.
Our Commitment Policy:
NO COLLECTION, NO FEE POLICYMeaning if we don’t collect, we don’t get paid, period. There are no management fee’s or small print for hidden fees.
Oil and gas debt collection is our bread and butter, and no one understands the oil patch or how to collect an oil field receivable better than we do.
As an oil field collection agency in Texas, we have found through experience that in some cases the oil and gas mineral lien and enforcement of it is the most effective way of collecting payment from stubborn debtors refusing to cooperate or pay their respective claims due.
Our Commitment Policy:
NO COLLECTION, NO FEE POLICYMeaning if we don’t collect, we don’t get paid, period. There are no management fee’s or small print for hidden fees.
Oil and gas debt collection is our bread and butter, and no one understands the oil patch or how to collect an oil field receivable better than we do.
As an oil field collection agency in Texas, we have found through experience that in some cases the oil and gas mineral lien and enforcement of it is the most effective way of collecting payment from stubborn debtors refusing to cooperate or pay their respective claims due.
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We Understand Your Goals & Expectations.
At Melton Norcross, our mission is to not only understand your goals and expectations for your collections but to meet and exceed them.
Our highly knowledgeable and experienced team, combined with some of the best resources and tools available for collections, gives you the highest probability of recouping your past-due receivables.