Qualco

OCTOBER 25, 2023

Artificial Intelligence and Machine Learning automate credit scoring, making loan approvals swifter and more accurate. This productivity improvement empowers faster and more effective debt recoveries. By Guy Statter , Country Manager, UK & Ireland at QUALCO.

Credit Management 80

Credit Management Debt Recovery Retail Collection Agencies 80

Nexa Collect

APRIL 11, 2021

Performance of Collection Agencies during Covid-19 Pandemic. Economic downturns create a huge opportunity for the debt collection industry. A large number of creditors are stuck with unpaid invoices, and as their own efforts fail they tend to submit more accounts to collection agencies. drop from 2019.

Collections 130

Collections Collection Agencies Collections Agency Construction 130

Nexa Collect

NOVEMBER 26, 2022

As per FTC, starting June 9, 2023 all collection agencies will be treated as financial institutions. This means all collection agencies must secure consumer data nearly the same way as banks. Failure to comply with GLBA can have severe consequences for the collection agency, especially the owners and/or the CEO.

Collection Agencies 130

Collection Agencies Collections Agency Financial Institution Collections 130

Better Credit Blog

AUGUST 7, 2020

Having a collection account on your credit report for an unpaid debt can damage your credit score for up to seven years, even after you pay it. This can impact your ability to qualify for loans or apply for credit cards. It will also help if you have a record of making payments on time since the debt was paid off.

Collection Agencies 52

Collection Agencies Collections Agency Debt collector Collections 52