debt recovery vs debt collection

Both "debt recovery" and "debt collection" are correct phrases, but they are used in different contexts. "Debt recovery" refers to the process of recovering money owed, while "debt collection" is the action of collecting debts. They are not interchangeable as they convey different stages of the process.

Last updated: March 27, 2024 • 569 views

debt recovery

This phrase is correct and commonly used in the context of recovering money owed.

Use "debt recovery" when referring to the process of recovering money owed by debtors.

Show examples from the web [+]

I. whereas detailed information on the procedures for enforcing claims in every Member State should be available through the European e-Justice portal; whereas cooperation between enforcement authorities in the Member States should be stepped up in order to speed up debt recovery,
whereas detailed information on the procedures for enforcing claims in every Member State should be available through the European e-Justice portal; whereas cooperation between enforcement authorities in the Member States should be stepped up in order to speed up debt recovery,
The Member States have attempted to solve the problem of large-scale debt recovery in the case of undisputed claims, generally by simplifying proceedings regarding payment orders.
The legal environment in the Member States in the area of debt recovery varies.
Similarly, the impact of the changes in the corporate insolvency and recovery law is being assessed as the new debt restructuring and debt recovery mechanisms are now functioning.
To improve debt recovery throughout the EU and thus encourage trade between Member States, MEPs called on the Commission on Tuesday to bring forward swiftly new laws on the freezing and disclosure of debtors' assets.
He has since received invoices and threats of legal action from European City Guide and debt recovery agencies, claiming that he has signed a contract.
The invoice is then passed on to a debt recovery agency and the amount grows and becomes three or even ten times as much in a very short space of time.
Instead, they are pursued by debt recovery agencies without being able to put a stop to it and without being able to report or get hold of the person responsible for the crime.
The current variations between the principles for debt recovery in individual Member States of the European Union seriously hinder the recovery of cross-border debts.
The differences in the efficiency of debt recovery that currently exist within the European Union can threaten the competitiveness of companies whose activities extend beyond the borders of a particular Member State.
No reference is made to extrajudicial debt recovery by debt collection agencies, to which accordingly, under Article 16, the freedom to provide services applies.
What scope does the Commission see for establishing a level playing field in competition with regard to extrajudicial debt recovery in Portugal?
the costs of recovery through debt recovery agencies, and
Case C-134/05: Judgment of the Court (First Chamber) of 18 July 2007 - Commission of the European Communities v Italian Republic (Failure of a Member State to fulfil obligations - Freedom to provide services - Right of establishment - Extrajudicial debt recovery)
Declares that, by requiring, within the context of the Consolidated Law on public security (Testo unico delle leggi di pubblica sicurezza), approved by Royal Decree No 773 of 18 June 1931, every undertaking pursuing the activity of extrajudicial debt recovery:
Debt recovery of distressed loans [52].
Good progress has also lately been achieved with regard to restructuring of household debt, and the Bank aims to complete its corporate and individual debt recovery projects by the end of 2012.
It will also assist debt recovery.
New provisions should be added to Community transit legislation to facilitate and speed up debt recovery.

Alternatives:

debt collection process
retrieval of debts
debt recuperation
debt retrieval
debt recovery procedure

debt collection

This phrase is correct and commonly used in the context of collecting debts from debtors.

Use "debt collection" when referring to the action of collecting debts from debtors.

Show examples from the web [+]

I always prefer the term debt collection.
First of all, there are three amendments on debt collection agencies, which are still encountering obstacles despite the single market.
The same Maiwolf holding company apparently also owns the debt collection companies which then proceed to harass, bully and threaten businesses to pay up.
The KPMG Report indicates as well the parties involved in negotiations (e.g. the legal, debt collection and finance departments of the airports).
Such costs should include, in particular, those incurred by creditors in instructing a lawyer or employing a debt collection agency.
Are the banks violating the principle of the confidentiality of personal data by providing the debt collection companies with information about borrowers?
No reference is made to extrajudicial debt recovery by debt collection agencies, to which accordingly, under Article 16, the freedom to provide services applies.
However, debt collection agencies based in another Member State are now allowed to offer their services in Portugal, which is resulting in an extremely disadvantageous competitive situation for Portuguese collection agencies in Portugal.
This could include expenses incurred, inter alia, in instructing a lawyer or employing a debt collection agency.
I would like to hear from the Commissioner what the Commission thinks about this and whether it is prepared or is planning to come up with separate proposals on debt collection agencies.
Recalcitrant debtors can be a major problem everywhere in the European Union, particularly for small businesses, which do not possess large resources (contracts with specialist lawyers, debt collection departments).
This type of measure is also useful for improving the monitoring of debt collection agencies' activities, helping to regulate the way in which debtors are dealt with, as a complement to a rigorous, effectively implemented legislative framework.
We can also see that there is common ground with the proposal before us, but we do not think that rules on the free provision of services by debt collection agencies can simply be introduced just like that by amending this directive.
In recent years, banks have been handing over information about their borrowers to debt collection companies, which then approach borrowers in various ways, using unscrupulous methods to exert intense pressure on them to pay their debts.
What is the Commission's assessment of the competitive situation of Portuguese debt collection agencies within Portugal?
He runs a big debt collection agency right outside of Boston called financial support associates.
Subject: Difficulties of cross-border debt collection for SMEs
Other issues related to invoicing/billing and debt collection
And the best part, I ran my own debt collection.
Eviction and debt collection are our daily bread... but personal retrieval, bounty hunting - you name it, we do it.

Alternatives:

collection of debts
debt recovery action
debt retrieval process
debt recovery collection
debt collection procedure

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debt recovery vs debt collection

debt recovery

debt collection

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