Aggressive Collection

Aggressive Collection

Various legal methods used by a creditor to force a debtor to repay an outstanding obligation.

Attachment of the debtor's property and Garnishment of his or her salary are common kinds of aggressive collection.

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References in periodicals archive ?
The 17-percent increase in RPT collection has been boosted by the aggressive collection efforts made by the city finance department, including the issuance of demand letters to delinquent real-property owners as directed by the mayor.
The DG said the county will carry out an aggressive collection campaign to ensure at least half of the payments are cleared in a month.
More than 90 percent cited aggressive collection tactics.
Extending credit terms with vendors or instituting more aggressive collection practices with customers may drive short-term improvements, but the long-term effects could be devastating.
The policy rationale behind the preference statute is to prevent a troubled company from making pre-bankruptcy payments to certain favored creditors, thereby leaving less for distribution in bankruptcy to similarly situated creditors, and to discourage aggressive collection tactics against financially distressed companies.
7m (AED10m) last year, owing to the timely certifications and aggressive collection of receivables.
The department has been alerted about aggressive collection of snails in the creek areas where lots of mangroves grow," he said, indicating that the clampdown was deployed at the RAK Creek in the first phase, and shall then be generated to other creeks of the emirate.
Concurrently, aggressive collection attempts, resource optimization and pro-active risk management have improved credit provisioning, enhanced provision reversals and sustained costs within satisfactory parameters.
This has been achieved through aggressive collection efforts even at the price of being unfairly targeted by those affected who attributes anomalies which actually occurred in previous administrations.
The biggest problem facing the Bank of Cyprus is the difficulty in lower the level of non-performing loans, currently estimated at 45% of its total loans portfolio, while recoveries is taking time, with major debtors pulling all stops to get board members and the bank's management to stand down from aggressive collection.
Some are focusing on old faithfuls from skip-a-payment fees to aggressive collection fees and identity protection services.
Therefore a high index of suspicion is needed, and aggressive collection of samples for pathologic and microbiologic examination is essential for accurate diagnosis.

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