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Collections Debt collector Education 
American Profit Recovery
SEPTEMBER 27, 2024
By Delaney: Debt Collectors are faced with many hurdles when trying to contact consumers to pay on past due balances. Many of these hurdles come from pre-conceived notions about what it means to have an account sent to collections, or to be contacted by a collection agency.
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American Profit Recovery
DECEMBER 1, 2021
We’ve always been big advocates when it comes to educating consumers on their rights when it comes to debt collections as well as how to effectively work with a collector to take care of financial obligations. The collection industry as a whole is doing its part as well. What can be found on Know My Debt ?
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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It
Protect What Matters: Rethinking Finance Ops In A Digital World
Your Accounting Expertise Will Only Get You So Far: The New Way To Lead
Account Recovery
AUGUST 12, 2022
The only good thing that happens when an individual defaults on his or her student loan is that debt collectors make money, according to an Undersecretary at the Department of Education who was speaking during a virtual panel discussion earlier this week.
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Account Recovery
JULY 8, 2021
The letter was written by … The post State Regulators Ask Ed.
246 
American Profit Recovery
AUGUST 11, 2021
That includes how we can work in the best interest of the clients that hire us, the consumers that are struggling with their finances, and the overall health and effectiveness of the collection industry. No government or elected official can be educated on every issue that lies in front of them. We have always wanted to do our part.
246 
Nexa Collect
JUNE 25, 2023
The professional life of a debt collector involves communicating with individuals and businesses to collect payments on overdue bills, loans, or other financial obligations. Communication Skills : Debt collectors need excellent communication skills to effectively convey information and negotiate with debtors.
130 
American Profit Recovery
MARCH 4, 2022
National Consumer Protection Week in 2022 is March 6-12 and is meant to educate everyone about how to improve finances, avoid scams and fraud as well as educate consumers about their rights. Everyone here at American Profit Recovery understands that as a collection agency we need to be as transparent as possible.
239 
American Profit Recovery
MAY 15, 2025
The Know My Debt website was created by ACA International with a goal of educating consumers on several areas of financial literacy. The website helps consumers understand their rights when it comes to debt collections, navigating the best way to handle your outstanding debts including how to communicate with a debt collector.
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Account Recovery
MARCH 11, 2025
Why it matters: For professionals in debt collection agencies, debt buying companies, fintechs, banks, credit unions, and consumer finance firms, these findings underscore a growing vulnerability among older borrowers.
130 
American Profit Recovery
SEPTEMBER 26, 2024
However, we are not just celebrating being in business for two decades, we are applauding our vision come true and how we have built a reputable debt collection agency that has achieved what we set out to do in 2004. We came together because we saw an opportunity to improve just about every area of collections.
264 
Account Recovery
DECEMBER 12, 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. While I dont have a specific person in mind, I greatly admire the work and educational resources provided by the ACA.
130 
Collection Industry News
NOVEMBER 25, 2024
The Federal Trade Commission is taking action against a Georgia-based debt collector that tricked consumers into paying more than $7.6 million in bogus debt by threatening them with jail time, harassing their family members, and other unlawful actions. The case will be decided by the court.
Nexa Collect
JUNE 24, 2023
As per my knowledge, there are no clear guidelines from the government for a debt collector who wants to work from home. You should discuss these points with the compliance superior of your collection agency. In the United States, for example, debt collectors must adhere to the Fair Debt Collection Practices Act (FDCPA).
100 
American Profit Recovery
JUNE 28, 2023
There have been many shifts in the debt collection industry over the past several years. And the trends and updates that many in the collection industry have worked hard on, are moving the industry in a positive way. Check out the words that are becoming the “norm” in collections.
130 
American Profit Recovery
APRIL 20, 2022
April is Financial Literacy Month and if you are a consumer that is struggling to meet your financial obligations, this is a chance for you to educate yourself on ways you can improve your financial health. There are so many ways available to consumers to get back on track and not be in debt anymore. But let’s be clear.
236 
Nexa Collect
FEBRUARY 3, 2022
An average collection agency will recover about 20% of the total debt assigned. Here are the most important factors which decide how much a collection agency will collect for you: 1. They must have at least a few bilingual debt collectors in order to recover from people who prefer talking only in Spanish.
Nexa Collect
MAY 16, 2021
Did you sponsor higher education for your employee with a commitment to work with you for a few years, but he resigned right after completing the degree? A collection agency can work with your employee professionally and legally to ensure that you get your money back. Need a collection agency? Contact us.
True Accord
FEBRUARY 11, 2025
Keeping up with compliance in the debt collection industry can be a challengeespecially as artificial intelligence, machine learning, and other advanced technologies sweep through both the business and consumer sectors. TrueAccord is a licensed, bonded, and insured collection agency in all jurisdictions where we collect.
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PDC Flow
FEBRUARY 27, 2025
The debt collection process can be tricky. Collection agencies must follow regulations strictlyor youll find your business in jeopardy. Compliance can be even harder when scammers actively try to disrupt your debt collection practices through call baiting. First, What is Call Baiting? Why Do People Call Bait?
52 
FFGN COLLECT NY
DECEMBER 15, 2021
The Consumer Financial Protection Bureau (CFPB) has more to do with your debt collection claim than you might think. Personally, CFPB has a lot to do with how companies approach you to collect debt and other financial products. The bureau also specifies the behavior debt collectors can engage in.
True Accord
JANUARY 21, 2025
The good news for lenders and debt collectors is that a reported 72% of consumers have a New Years resolution to pay off debt in 2025. Additionally, the average perceived probability of missing a minimum debt payment over the next three months increased to 14.2% and was broad-based across income and education groups.
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Collection Industry News
MAY 15, 2025
As result of FTC lawsuit, federal court issues temporary restraining order halting scheme that sent fictitious debt collection notices to consumers nationwide As a result of a Federal Trade Commission lawsuit, a federal court hastemporarily haltedthe operations and frozen the assets of a phantom debt collection scheme and its operators.
Taurus Collect
FEBRUARY 1, 2024
Dealing with unpaid debts can be a challenging aspect of financial management both for businesses and individuals. That’s where a debt collections service steps in—a critical intermediary that takes on the task of pursuing delinquent accounts to ensure that owed funds are recovered.
Better Credit Blog
NOVEMBER 3, 2020
Have you been receiving threatening calls and letters from a company called Advanced Collection Services? You likely have an old debt hanging over your head that they are trying to collect payment on. The problem is that sometimes they get information wrong and try to collect the wrong amount or from the wrong person.
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Account Recovery
SEPTEMBER 10, 2024
Why it matters: As the student loan repayment landscape evolves, debt collectors and financial institutions need to understand borrower challenges to develop effective collection strategies and support financial wellness initiatives. Learn more.
130 
Taurus Collect
MARCH 5, 2024
Ignoring debt collectors may seem like a temporary solution to financial woes, but it often leads to more severe repercussions down the line. Engaging with a debt collections service is a crucial step towards managing and settling outstanding debts.
Credit Management Company
JANUARY 10, 2019
Hospitals and doctor's offices have always been concerned about getting payment from the uninsured, but now that patients with employer coverage bare a greater financial burden, providers are feeling more like debt collectors. Collecting from patients is a problem for both small and large providers. The Root of the Problem.
True Accord
NOVEMBER 13, 2023
The New York City Department of Consumer and Worker Protection (NYC DCWP) just released an updated proposed amendment to its rules relating to debt collection. This means that a debt collector must first call a consumer to obtain consent before the collector could send an email message about the account.
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Sawin & Shea
AUGUST 24, 2020
Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt. Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits.
Better Credit Blog
SEPTEMBER 9, 2020
If you have been contacted by Sunrise Credit Services, you are probably being pursued for an old debt. Sunrise Credit Services is a debt collector that has been hired by your old creditor to collect payment on your debt. They may also have purchased the debt to profit off your payments. Validate the Debt.
101 
Taurus Collect
SEPTEMBER 2, 2024
Debt collection often carries a negative connotation, but it doesn’t have to be that way. The art of ethical debt collection focuses on understanding the situation of those who owe money while still balancing the needs of the business.
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Better Credit Blog
FEBRUARY 15, 2021
Are collections accounts weighing heavily on your credit report? If you’ve fallen behind on any of your accounts, you could find Fairway Collections on your credit report. As long as the collections entry stays on your report, it’s hurting your score. About Fairway Collections. Self-pay collections.
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Debt Collection Answers
AUGUST 27, 2023
As you hesitantly answer, a stern voice claims to be a debt collector, demanding immediate payment for a debt you’ve never heard of. Whether you’ve faced such calls or want to be prepared, read on to discover how to recognize and deal with suspicious debt collector calls with confidence.
Credit Management Company
OCTOBER 5, 2018
The common perception of the debt collection industry in modern times is almost overwhelmingly negative. Collectors in pop culture are often represented as callous, predatory characters who harass poor families and individuals when they're most vulnerable. For collectors, it's not just about taking. Debt Relief.
63 
FFGN COLLECT NY
MAY 27, 2024
A group that includes banks, credit card companies, mortgage lenders, other financial companies, and debt collectors. In addition to educational components for consumers, the CFPB supervises and inspects banks and others to ensure compliance with the rules. How Does the Consumer Financial Protection Bureau Work?
52 
Burt and Associates
SEPTEMBER 23, 2024
The Fair Debt Collection Practices Act ( FDCPA ) is a cornerstone of consumer protection laws in the United States. It ensures that debt collectors adhere to specific ethical and legal standards when pursuing debts. Accurate Representation Debt collectors must be truthful about the nature of the debt.
Burt and Associates
SEPTEMBER 23, 2024
The Fair Debt Collection Practices Act ( FDCPA ) is a cornerstone of consumer protection laws in the United States. It ensures that debt collectors adhere to specific ethical and legal standards when pursuing debts. Accurate Representation Debt collectors must be truthful about the nature of the debt.
Better Credit Blog
AUGUST 21, 2020
Nothing is quite as panic-inducing as receiving a call from a debt collector. Not only are they notoriously rude, but having a debt collector on your tail can mean that your credit score is about to take a dive. MRS BPO LLC is a medium-sized debt collection agency based in Cherry Hill, NJ. Know Your Rights.
National Service Bureau
SEPTEMBER 9, 2015
It’s no secret that student debt is at an all-time high. According to the US Department of Education, there are more than 40 million student loan borrowers who owe more than $1.2 A college education is practically the new high school equivalent - it’s pretty much expected to get a job. Let’s take a look at why….
National Service Bureau
DECEMBER 9, 2015
John Rossman and Mike Poncin of Moss and Barnett have a Debt Collection Drill podcast, and a recent episode was particularly relevant to our audience. These are important for debt collectors to avoid, especially because they’ve been emphasized recently. Enforcement actions involving servicemembers.
Collection Industry News
NOVEMBER 8, 2021
Department of Education said it is ending its relationship with private collection agencies that had been tasked with recovering payments from federal student loan borrowers in default to improve collections and provide borrowers with more support. Source: site. Photo: John Minchillo/Associated Press.
UK debt collections
OCTOBER 23, 2020
A top body for Private Schools has launched a new partnership with leading Debt Collection Agency Frontline Collections. In a statement on their website, the Independent Schools Association ( ISA ) has given Frontline Collections a ‘Gold Supplier Status’ for it members.
Better Credit Blog
OCTOBER 14, 2020
Tens of millions of Americans have collections-stage debt. So if you’ve come across a collections entry on your credit report, you’re far from being alone. While finding a collections entry on your report can be stressful, ARS’s calls, letters, and damaging effects on your credit score are simple to stop. Healthcare debt.
Collection Industry News
MARCH 8, 2021
In a coordinated effort in 2015 called Operation Collection Protection, the FTC and more than 70 law enforcement partners took 115 actions against deceptive and abusive debt collection practices. In many cases, consumers didn’t even owe the debts. Get “validation” information about the debt. Source: site.
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