Account Recovery

OCTOBER 9, 2024

Jobs Posted on AccountsRecovery.net Debt Collection Management Legal & Compliance Technology Have a job you want listed? This is merely meant to be a service to aggregate industry job opportunities into one convenient location. Reach out to Mike Gibb and let him know!

Accounts Receivables Management 130

Accounts Receivables Management Collections 130

Account Recovery

OCTOBER 10, 2024

While everyone wants to believe they are unique and special, consumers tend to ask the same types of questions during collection calls. Knowing the best way to answer those questions can make a huge difference in a company’s collection rates. “Don’t ask, ‘Can you pay your bill? .”

Collections 130

Collections Education 130

Account Recovery

OCTOBER 11, 2024

The credit and collection sector could be next. Why it matters: As collection agencies, debt buyers, fintechs, banks, and credit unions seek to improve consumer engagement, LLMs offer a potential solution for more natural and effective communication. What’s next: Just as LLMs in AVs operate within certain parameters (e.g.,

Credit Unions 130

Credit Unions Credit Unions Collections Fair Debt Collection 130

American Profit Recovery

AUGUST 19, 2024

Why should my business use a collection agency? The fact is there are enormous benefits to outsourcing your debt collections for a small business and even a larger organization. Having a reputable debt collection agency represent your business is one of the smartest moves you can make. That’s a question we hear often.

Collection Agencies 225

Collection Agencies Collections Agency Collections Debt collector 225

Enterprise Recovery

MAY 24, 2024

Timing plays a crucial role in optimizing payment collection strategies. The basic gist is this - the sooner you can attempt to collect on past-due payments, the more successful you will be. Payment deadlines, reminders and utilizing technology can help increase the likelihood of on-time payments.

Collections 212

Collections 212

Account Recovery

OCTOBER 2, 2024

The Consumer Financial Protection Bureau issued new guidance yesterday regarding unlawful medical debt collection tactics. The advisory opinion clarifies that debt collectors, including third-party revenue cycle management companies, violate federal law when collecting inaccurate or legally invalid medical debts.

Debt collector 130

Debt collector Collections Healthcare 130

Account Recovery

OCTOBER 2, 2024

Jobs Posted on AccountsRecovery.net Debt Collection Management Legal & Compliance Technology Have a job you want listed? This is merely meant to be a service to aggregate industry job opportunities into one convenient location. Reach out to Mike Gibb and let him know!

Accounts Receivables Management 130

Accounts Receivables Management Collections 130

Enterprise Recovery

APRIL 10, 2024

Many companies often turn to professional debt collection agencies for assistance when this happens. Before you hand over your delinquent accounts to a collection agency, it's important to understand their role and how they can help your business.

Collection Agencies 222

Collection Agencies Collections Agency Collections 222

American Profit Recovery

AUGUST 8, 2024

Why Use Mental Rehearsal in Debt Collection? In collections, many Collectors participate in this learning style when noticing the consumer’s tone of voice or the types of questions they ask and make adjustments accordingly. In debt collections, perspective taking is especially helpful in practicing empathy with consumers.

Collections 196

Collections Debt collector Collection Agencies Collections Agency 196

Account Recovery

OCTOBER 11, 2024

The plaintiff was seeking assistance with personal legal matters, and the attorney and his firm provided legal representation related to the FDCPA and the Florida Consumer Collection Protection Act. The background: The plaintiff, a Florida resident, originally sought legal representation from one of the defendants in October 2023.

Collections 130

Collections Fair Debt Collection Collection Agencies Collections Agency 130

Enterprise Recovery

MAY 6, 2024

The tech industry is known for its rapid growth and innovation but faces unique challenges regarding debt collection and non-paying clients. Understanding the intricacies of debt collection in this sector is essential for companies to recover payments and maintain financial stability.

Collections 201

Collections 201

American Profit Recovery

MAY 20, 2024

That’s when a small business needs to decide to implement some form of debt collection activity. Urgency and payment expectations Payment expectations with your customers that are unclear can lead to misunderstandings, disputes about service and price as well as your efforts to implement collection activity.

Collections 218

Collections Collection Agencies Collections Agency Debt collector 218

Account Recovery

SEPTEMBER 6, 2024

The Consumer Financial Protection Bureau yesterday released its annual report on debt collection, focusing on two critical areas: medical and rental debt. The Bureau recently posted a job opening for a medical debt collection expert, which is another indicator that its interest in that part of the industry is not going away anytime soon.

Collections 130

Collections Financial Institution Healthcare 130

Account Recovery

SEPTEMBER 25, 2024

Jobs Posted on AccountsRecovery.net Debt Collection Management Legal & Compliance Technology Have a job you want listed? This is merely meant to be a service to aggregate industry job opportunities into one convenient location. Reach out to Mike Gibb and let him know!

Accounts Receivables Management 130

Accounts Receivables Management Collections 130

Account Recovery

OCTOBER 9, 2024

This behavior, observed in the retail world, is a crucial lesson for collection agencies, debt buyers, fintechs, banks, and credit unions. The lesson for debt collection professionals? If you don’t offer payment options that consumers want to use, 70% of them are going so shop somewhere else, according to a published report.

Collections 130

Collections Credit Unions Credit Unions Retail 130

Enterprise Recovery

APRIL 26, 2024

Discover ethical collection practices to help recover late payments while maintaining positive client relationships. In today's competitive business landscape, it's important to manage late payments while upholding positive client relationships.

Collections 211

Collections 211

Account Recovery

OCTOBER 9, 2024

has been sentenced to 21 months in prison for her involvement in a fraudulent debt collection scheme that bilked victims out of more than $2 million. Arcara, marks another chapter in the ongoing crackdown of an illegal debt collection ring that has landed a handful of others in jail. Erica Lounsberry, 37, of Niagara Falls, N.Y.,

Collections 130

Collections Collection Agencies Collections Agency Debtor 130

Account Recovery

SEPTEMBER 18, 2024

Jobs Posted on AccountsRecovery.net Debt Collection Management Legal & Compliance Technology Have a job you want listed? This is merely meant to be a service to aggregate industry job opportunities into one convenient location. Reach out to Mike Gibb and let him know!

Accounts Receivables Management 130

Accounts Receivables Management Collections 130

Account Recovery

SEPTEMBER 25, 2024

California Governor Gavin Newsom yesterday signed a trio of bills that will significantly impact the credit and collection industry in the state. These new laws, set to take effect in 2025, will reshape how medical debt is reported, expand consumer protections, and alter the landscape for commercial debt collection.

Creditworthiness 147

Creditworthiness Collections Fair Debt Collection Garnishment 147

Enterprise Recovery

NOVEMBER 10, 2023

Debt collections between businesses (B2B) is the recovery of overdue payments for goods or services provided to another company. Understanding the intricacies of B2B debt collections is essential for businesses to manage their cash flow effectively and maintain healthy financial relationships with their clients.

Collections 208

Collections 208

Account Recovery

SEPTEMBER 11, 2024

Jobs Posted on AccountsRecovery.net Debt Collection Management Legal & Compliance Technology Have a job you want listed? This is merely meant to be a service to aggregate industry job opportunities into one convenient location. Reach out to Mike Gibb and let him know!

Accounts Receivables Management 130

Accounts Receivables Management Collections 130

Account Recovery

OCTOBER 8, 2024

Pennsylvania Attorney General Michelle Henry has filed a lawsuit against Jason Michael Fullmer, a chiropractor based in Mechanicsburg, accusing him of misleading patients about insurance coverage and resorting to debt collection tactics when patients failed to pay out of their own pockets. Learn more.

Collections 130

Collections Trade Healthcare 130

Account Recovery

APRIL 5, 2023

A medical debt collection bill has been introduced in the Delaware legislature that has support from both sides of the aisle and a large number of co-sponsors, giving it some momentum to become law. The post Medical Debt Collection Bill Introduced in Delaware appeared first on AccountsRecovery.net.

Collections 246

Collections 246

Account Recovery

SEPTEMBER 4, 2024

Jobs Posted on AccountsRecovery.net Debt Collection Management Legal & Compliance Technology Have a job you want listed? This is merely meant to be a service to aggregate industry job opportunities into one convenient location. Reach out to Mike Gibb and let him know!

Accounts Receivables Management 130

Accounts Receivables Management Collections 130

Account Recovery

OCTOBER 8, 2024

A District Court judge in New York has partially denied a motion to dismiss in a Fair Debt Collection Practices Act case, allowing claims of abusive debt collection practices to move forward after the defendant allegedly sued the plaintiff twice to recover the same debt.

Fair Debt Collection 130

Fair Debt Collection Collections 130

Account Recovery

OCTOBER 8, 2024

While this issue of Supervisory Highlights focuses on auto finance, the CFPB does take a deep dive into the collection aspects of auto loans and there are likely tea leaves that can be read by those in the ARM industry for insights and trends, especially related to credit reporting. The big picture: Auto loan debt exceeds $1.6 Learn more.

Auto Loans collections 130

Auto Loans collections Loans Repossession Collections 130

American Profit Recovery

MARCH 13, 2024

A healthy debt collection process helps businesses of all sizes maintain positive cash flow which is critical for many reasons. Let’s go through some of the obvious and not so obvious reasons why debt collections is an integral part of your organization’s cash flow. Or worse, credit lines.

Collections 198

Collections Acquisition Collection Agencies Collections Agency 198

Account Recovery

APRIL 15, 2024

The governor of Oregon has signed a bill into law that raises the amount of money that can be protected by consumers from garnishments and keeps them from a “financial death spiral because of debt collection,” according to the sponsor of the bill.

Garnishment 246

Garnishment Collections 246

American Profit Recovery

NOVEMBER 14, 2023

The debt collection industry is a vital part of the US economy. Many small businesses and larger organizations rely on the expertise and efforts of third-party collection agencies every day. Collection agencies are recovering substantial amounts of consumer debt and helping those businesses drastically improve much needed cash flow.

Collection Agencies 209

Collection Agencies Collections Agency Collections Debt collector 209

American Profit Recovery

OCTOBER 20, 2023

While many organizations hesitate to implement collection activity, there are an equal amount that may jump into it before they have done their due diligence. Following solid and systematic accounts receivables processes can help lay the groundwork for successful debt collections when necessary.

Collections 191

Collections Collection Agencies Collections Agency Fair Debt Collection 191

Account Recovery

AUGUST 28, 2024

Jobs Posted on AccountsRecovery.net Debt Collection Management Legal & Compliance Technology Have a job you want listed? This is merely meant to be a service to aggregate industry job opportunities into one convenient location. Reach out to Mike Gibb and let him know!

Accounts Receivables Management 130

Accounts Receivables Management Collections 130

Account Recovery

DECEMBER 12, 2022

The Connecticut Department of Banking has fined a collection law firm $100,000 — the maximum amount allowed by law — and ordered it to cease and desist from collecting in the state without a valid license. A copy of the enforcement order against the Law Offices of David M.

Law Firms 240

Law Firms Collections Banks 240

Account Recovery

SEPTEMBER 26, 2024

TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support. Tessa has the distinction of working with Fox Collection first as a client before going to work for, and now running the company.

Collections 130

Collections Healthcare Education 130