True Accord
SEPTEMBER 27, 2023
That’s why it stands to reason that alongside the “traditional” metrics of recovery economics, forward-looking businesses have pioneered a new set of KPIs that measure the value of consumer experience. Ready to evaluate your debt recovery operations using more sophisticated KPIs? Schedule a consultation to get started today»»
Jimerson Firm
FEBRUARY 10, 2022
Generally, if debtors owe a debt to a lender, and the lender cancels or forgives that debt for less than its full amount, the debtor is treated for income tax purposes as having income and may have to pay tax on this income by virtue of a 1099-C filing from the lender. 1.6050P-1(b)(2)(i). See IRS Info.
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Fico Collections
JUNE 16, 2022
Meeting Debt Collection Challenges Amid a Squeeze on Income. In order to deal with the rising cost of living and other challenges, anyone managing collections portfolios and effective debt recovery strategies needs these capabilities. Unfortunately, far too many creditors didn’t. Tue, 07/23/2019 - 04:13. by Bruce Curry.
Better Credit Blog
APRIL 1, 2022
Within your lifetime, you may have a period of financial distress. Especially in the current pandemic, COVID 19, medical bills, credit card bills, and other financial service bills may start to pile up. It’s perfectly legal and proper to make this request, generally called a Debt Validation Letter. Why ask for proof?
Fico Collections
NOVEMBER 3, 2022
Research by FICO shows that customers who entered collections exclusively as a consequence of the economic downturn, before going through the full debt recovery cycle, had a dramatically different return to financial good (RtFG) of nine months, compared to the 2.5 Societal expectation of creditor support.
Better Credit Blog
APRIL 1, 2022
Transworld Systems, Inc (TSI) is a well-known debt collection agency in the United States that works with individuals, large companies, and organizations to assist them in debt recovery and past due accounts. They recently acquired Alltran Financial Services in 2020.
PDC Flow
JANUARY 19, 2021
Often, you find yourselves collecting a bill that consumers may not be excited to pay for a good or service that has already been delivered. Making payment as easy as possible will go a long way towards fast resolution and higher debt recovery rates. . What do consumers expect from other industries?
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