Release Date: Wednesday, November 02, 2011 Equifax’s latest National Credit Trends Report shows that Total consumer debt now stands at $11.2 trillion, nearly equivalent to the $11.1 trillion posted pre-recession in 2006 according to the most recent Equifax National Credit Trends Report. Consumer debt outstanding peaked in October 2008 at $12.4 trillion. In addition the report [...]
Tag Archives: Collections
Tue 11/08/2011 - 04:19
Mon 03/15/2010 - 07:51
If you feel you are not getting paid promptly and in full by your customers, here are some simple ways to upgrade your billing system. By Christine Lagorio | Mar 12, 2010 as posted on INC. When clients owe you money, you shouldn’t have to move heaven and earth to collect it from them. If your [...]
Fri 01/29/2010 - 11:39
Forget about cell phone communication for collection calls. The real needle-mover for the ARM industry could be text-messaging — if current laws are changed. by Phill Britt insideARM January 27, 2010 Information technology research and advisory firm Gartner Inc. recently predicted that SMS money transfers will be the number one mobile application by 2012. Even [...]
Fri 01/22/2010 - 09:07
Posted on Inside ARM by Patrick Lunsford on January 20, 2010 In a business column dated January 20, Baltimore Sun writer Jay Hancock takes the unusual step of reveling in the bankruptcy of a prominent accounts receivable management firm in the midst of an unemployment-driven recession. He may have even called for violence against debt [...]
Mon 01/18/2010 - 01:55
Collections & Credit Risk | Friday, January 15, 2010 By Darren Waggoner An estimated 20,000 to 25,000 collection lawsuits filed in Maryland will be dismissed as a result of the collapse of legal collection giant Mann Bracken LLP, Maryland District Court Chief Judge Ben Clyburn’s office confirmed today. Clyburn made the decision to dismiss the lawsuits after [...]
Tue 10/20/2009 - 11:07
Washington Business Journal – by Tucker Echols Staff Reporter Capital One Financial Corp. wrote off more bad credit card loans in September and saw its delinquencies also rise. The company, in a regulatory filing with the Securities and Exchange Commission, said charge-offs in the U.S. rose to an annualized rate of 9.77 percent in September [...]
Fri 10/09/2009 - 07:30
Posted by Todd Langusch on October 9, 2009 at 11:35am in IT Security News Nevada amended Chapter 603A of NRS, Security of Personal Information Nevada requires businesses to comply with current version of PCI DSS. This new act goes into effect January 1, 2010 See the full requirement here: http://leg.state.nv.us/75th2009/Bills/SB/SB227_EN.pdf Don’t forget, Massachusetts 201 CMR [...]
Fri 08/21/2009 - 05:25
Publish Date: 2009-08-20 by BigNews.biz Simple mention of the words “collection agency” strikes fear in the heart of many. Simple mention of the words “collection agency†strikes fear in the heart of many. It is quite common for starting small business owners to build a large amount of debt. If you have been down that [...]
Sat 07/18/2009 - 09:31
by Frank Rigano Interactive Marketing Solutions (IMS) July 15, 2009 Americans are unplugging from their land-based telephones in increasing numbers – and, with do-not-call regulations, it’s raising concerns for collections professionals. According to a recent report from the Center for Disease Control’s National Health Interview Survey (July-December 2008), 20.2% of US households are considered wireless-only, [...]
Fri 07/10/2009 - 07:15
By Catherine Buday/Daily News Staff GateHouse News Service Posted Jul 09, 2009 @ 09:36 AM Al Scott remembers his earliest days as a bank bill collector, when he would travel to the homes of people who defaulted on their consumer loans. One woman, behind on her payments for a television set, glared at Scott from [...]
Fri 07/10/2009 - 01:34
5 tips to make sure you get paid and keep the cash flowing. By Michelle Dunn as posted by Entrepeneur.com Michelle Dunn: The Credit & Collections Specialist When customers are suffering job loss, housing loss and the rising price of everything, small-business owners need to ensure they still get paid. In a down economy, should [...]
Tue 07/07/2009 - 09:15
July 7, 2009 Source: Collections&Credit Risk The Federal Trade Commission recently released an advisory opinion to ACA International, the association of credit and collection professionals, clarifying a conflict between the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA). The FTC states in its opinion that a debt collector does not [...]
Thu 07/02/2009 - 06:24
There’s plenty of clients, but cash is hard to find By James O’Brien Globe Correspondent – The Boston Globe There are furniture dealers with showrooms full of oak and mahogany, but lines of credit left unpaid. Trucking firms with debt as heavy as their massive rigs. The agents who work the phones at Nassau Asset Management [...]
