On Guard

FEBRUARY 2, 2021

The fintech leaders have also started the new year strong with the recently announced acquisition of Dutch scale-up, Outstanding24, adding an innovative cloud solution for efficiently organising debtor management for SMEs to its portfolio. The last six months have also marked a period of strategic appointments within Visma | Onguard.

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The Kaplan Group

JANUARY 7, 2021

While much of the decline is due to mergers and acquisitions, the majority of firms that simply closed were small, local firms or larger agencies with heavy overhead. Although for many people income is down, spending is too. There was a steep decrease in 2020, with only 6,699 remaining, a 10% decline.

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Collection Industry News

JUNE 14, 2021

Authorities say thousands of people from all over America are scammed each year by collectors working in Erie or Niagara counties. There are 156 debt collection companies – some of them legitimate, some not – in those two counties, employing more than 3,400 people, according to the state Labor Department.

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Collection Industry News

JUNE 14, 2021

And to convince people to pay JCN, Nocera tuned a police scanner to the busy Chicago Police Department’s frequency as his collectors made calls. 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.

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Better Credit Blog

AUGUST 17, 2020

Instead, it’s an agency that purchases debts from companies, for pennies on the dollar, then collects payments from debtors. According to its website, Cavalry SPV I LLC specializes in the acquisition and management of un-repaid consumer loans. That’s because Cavalry isn’t actually a lender or service provider.

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Fico Collections

MAY 19, 2021

For many people, the word “fraud” evokes images of shadowy criminals using stolen identities and purloined credit card information to commit financial crimes. In Europe the unemployment rate increased in 2020 due to the pandemic and now stands at around 8%, or 40 million people, creating another very large, receptive target group.

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Fico Collections

JANUARY 18, 2023

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. These factors and others led our experts in debt collection to address ways that lenders can manage the rising number of people in the collections queue.

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