Kinum has helped thousands of businesses, government institutions, colleges, hospitals, dental and medical practitioners for over a decade. We are fully licensed in Texas. Being a national collection agency, we can pursue debts in all 50 states and Puerto Rico. If your debtor moved outside Texas, we can still pursue collections. We have dedicated teams to recover B2B (Commercial debt) and B2C (Consumer debt).
What distinguishes us from other collection agencies:
- We are extremely easy to use and work as per your needs (and not the other way around).
- Select between the low-cost Flat-Fee connect service (accounts never expire and debtor pays directly to you), or the traditional Contingency service.
- We understand that your business reputation is essential. As for how the debtors/patients are treated, Kinum has one of the highest Google Ratings of all collection agencies. Over 1300 Google reviews averaging 4.8 out of 5, and 90% of reviews are from people we’ve collected money.
- There is no minimum balance requirement, no minimum number of accounts, no set-up fees, and an open-ended, non-committal customer agreement.
- Free Credit Bureau reporting.
- High recovery rates. FDCPA, HIPAA, TCPA and GLBA compliant.
- Easy to use and apart from a central customer service team, you will be assigned a dedicated Sales Rep who can be reached directly.
- We take security very seriously. All accounts are managed through our secure online client portal with 2-factor authentication enabled.
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Texas Collection Laws:
Here’s an overview of some of the most important debt collection laws in Texas:- Texas Debt Collection Act (TDCA):
- Found in Chapter 392 of the Texas Finance Code, the TDCA governs the conduct of debt collectors in the state of Texas.
- This law prohibits a range of deceptive, fraudulent, and abusive tactics. For example, it is illegal for a collector to misrepresent the character, amount, or legal status of a debt or to threaten to take actions that are not legal.
- Statute of Limitations:
- Texas has set statutes of limitations for various types of debts, during which time creditors or collectors can initiate legal action to collect a debt:
- Oral contracts: 4 years
- Written contracts: 4 years
- Promissory notes: 4 years
- Open-ended accounts (e.g., credit cards): 4 years
- Texas has set statutes of limitations for various types of debts, during which time creditors or collectors can initiate legal action to collect a debt:
- Exemptions from Garnishment:
- In Texas, wages cannot be garnished for consumer debt; however, they can be garnished for child support, alimony, taxes, and student loans.
- Certain types of income, such as social security, retirement pensions, and workers’ compensation, are typically exempt from garnishment.
- Homestead Exemption:
- Texas has a generous homestead exemption, which protects a debtor’s primary residence from being seized by unsecured creditors, irrespective of the property’s value.
- Bonded Debt Collection Agencies:
- Texas requires third-party debt collectors to post a bond with the state. If a debt collector violates the TDCA or other laws, consumers may have the right to make a claim against this bond.
- Debt Validation:
- As with the federal Fair Debt Collection Practices Act (FDCPA), Texas law gives consumers the right to request validation of a debt. Debt collectors must provide adequate verification of the debt upon request.
- Limits on Communication:
- Similar to the federal FDCPA, the Texas Debt Collection Act has provisions regarding when and how debt collectors can communicate with consumers. For instance, a debt collector is prohibited from calling a debtor repeatedly with the intent to annoy or harass.
- Prohibited Practices:
- The TDCA outlines various practices that are deemed prohibited when collecting a debt. This includes using threats of violence, accusing the consumer of a crime, or using defamatory language.