Sun.Apr 16, 2023

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Is Legal Action Better than Debt Collection?

Debt Recoveries

A lot of clients in need of debt collection assistance could be undecided about using commision-based debt collection or legal action. A debt collector and lawyer who focuses on debt collection advises clients to pursue payment of their obligations as soon as possible since the longer they wait, the more difficult it will be to do so. Being the first to act is also crucial because debtors can owe money to other parties who are also attempting to get paid.

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How Sky-High Vehicle Prices Could Impact the Collections Industry

Direct Recovery

The combination of limited inventory and supply chain shortages has shot the price of new and used cars sky-high in recent years. That one factor alone could have a substantial impact on the collections industry, and that’s before you factor in the price of gas! To help your collection team confront this new challenge head-on, let’s take a closer look “under the hood” to see exactly how this could affect our collection efforts and what we can do to minimize those issues.

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U.S. Bank FlexPerks Gold American Express Card: What You Should Know

Credit Corp

At a glance: If you’re looking for a credit card that offers a wide range of rewards and benefits, the U.S. Bank FlexPerks Gold American Express Card is an excellent choice to consider. With this card, you can earn rewards on purchases that can be redeemed for travel, merchandise and cash back. In this post: The benefits What to consider before signing Alternative cards Our takeaways The U.S.

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Hiring a Commercial Debt Collection Agency – the 2023 Guide

Direct Recovery

Hiring a commercial debt collection agency could be the best or worst thing you ever do for your business, no matter what product or service you specialize in. In almost every case, the result of partnering with a debt collection agency will be determined by the caliber of agency you choose to work with. Therefore, selecting a well-respected debt collection agency is essential to ensuring your business maintains the solid reputation you have worked to build for it.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

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All About Wage Garnishment and Credit Collections – 2023 Updated

Direct Recovery

Wage garnishments are the ultimate threat posed by every debt collection scenario, but finding yourself on the wrong end of one doesn’t have to be a financial death sentence. The whole process can start with something as simple as falling behind on a few credit cards, and the next thing you know, you can’t make ends meet, and the collections calls start coming.