article thumbnail

Top 6 Complaints Against Debt Collection Companies

National Service Bureau

Debt collection companies walk a fine line between business efficiency in their primary function (accounts receivable management), while at the same time needing to respect the fact that the debtor is a valuable client to the business for whom they are running collections. Government. Did you know that.

article thumbnail

How to Stop ARS National Services

Debt Collection Answers

What is Associated Recovery System Collection? Associated Recovery System Collection, also known as ARS National Services, represents multiple original and third-party creditors. This debt collection company covers all 50 states in the United States. The CFPB has received complaints about various issues.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

3rd Circuit Ruling On Bar Codes Has Implications For Debt Collectors

Collection Industry News

A recent decision in the 3rd Circuit should prompt debt collectors to review their inclusion of viewable bar codes, QR codes or other technologies when sending debt collection letters. Preferred Collections and Management Services, Inc. , Preferred Collections and Management Services, Inc. , In the wake of Hunstein v.

article thumbnail

3 Signs of a Reputable Debt Collection Agency

Credits Inc

In 2016, debt collection agencies were able to recover roughly $78.5 Healthcare-related debts account for 47% of all the debt that collection agencies recover. Another 16% of debts collected were government-related. billion in debts.

article thumbnail

How To Find The Right Collection Agency

National Service Bureau

This is incredibly important, especially in fields like medicine (where there is a patient-provider relationship) and insurance (where companies are competing for consumers). A collections company that understands the importance of preserving your own business relationships is a good indicator that they’ll be great partners.

article thumbnail

CFPB Weighs Ban On Medical Debts In Credit Reports

Collection Industry News

The bureau’s determination on whether credit bureaus should include medical debt on consumer credit reports will be based, Mr. Chopra said, on “additional research on medical billing, collections and reporting.”. The federal government estimates that the law will apply to about 10 million out-of-network surprise bills a year.