The Kaplan Group

JANUARY 7, 2021

How did Covid-19 and the resulting economic downturn affect the collections industry? TransUnion recently released a report on the state of Collections in 2020. There are fewer third-party collections agencies. The number of collection firms has been in decline since 2011, from 9,400 to 7,401 in 2018.

Collections 59

Collections Collection Agencies Collections Agency Student loans 59

Debt RR

APRIL 5, 2022

This debt is used exclusively for business expenses, asset acquisition, and improvements and is ever-present toward the start of most businesses. Failure to pay them off promptly, or even paying the amount due when the time comes, could result in a civil lawsuit for commercial debt collection.

Debt Consolidation 74

Debt Consolidation Acquisition Debt settlement Creditors 74

Receivables Control

JUNE 17, 2019

Throw turnover, leadership changes, and mergers and acquisitions into the mix and you have the recipe for a fast-paced career! So much of your time is devoted to other more pressing matters, that you lose focus on applying proactive collection techniques to your accounts receivable. It is a pre-collection tool.

Retrieval 62

Retrieval Collection Agencies Collections Agency Collections 62

Re:Ceeve

JUNE 23, 2020

Banks seem to be lagging with their approach towards collections by relying on phone calls and letters. Despite there being an abundance of options presented through technology, one of the biggest challenges in addressing NPLs is the lack of flexibility in current banking collections strategies. Outdated operations.

Loans 78

Loans Banks Acquisition Collections 78

Collection Industry News

JUNE 14, 2021

Jason Nocera anticipated law enforcement authorities might raid his debt collecting business. In 2019, debt collector Douglas MacKinnon and his Buffalo area companies, Northern Resolution Group, and Enhanced Acquisitions, agreed to pay $60 million to resolve a lawsuit filed by the U.S. Source: site. million Clarence residence.

Debt collector 40

Debt collector Judgment Acquisition Collections 40

Fico Collections

JANUARY 18, 2023

Top 5 Debt Collection Posts of 2022: Crisis and Opportunity. As more people enter the collections queue due to rising costs and economic wobbles, our collections experts share their tips for early collections, digital approaches and more. Here are the top five posts from 2022 on debt collection trends. FICO Admin.

Collections 52

Collections Retrieval Lender Debtor 52

Fico Collections

MAY 19, 2021

From banks to telcos to debt collection agencies, what looks like unrecoverable bad debt may in fact be first-party fraud. Debt collection agencies (DCAs) are leaking more profits and costs, too, trying to collect on something that isn’t recoverable. What Is First-Party Fraud? Tue, 07/02/2019 - 02:45. by Matt Cox.

Collection Agencies 52

Collection Agencies Collections Agency Banks Financial services 52