Mon.Nov 25, 2024

article thumbnail

Can a collection agency help me keep my customers?

American Profit Recovery

Utilizing a reputable collection agency for your all business or larger organization is one of the best ways to dramatically improve cash flow. And, it’s also a strategic tool in retaining your customers even if they do owe you money. Professionally trained debt collectors understand how to listen, show empathy, understand individual situations and take the time to solve problems with consumers.

article thumbnail

America’s Financial Reality: Rising Income but Burdensome Debt

Account Recovery

The latest Outlook on American Life report from H&R Block offers a mixed view of Americans’ financial health. While income gains outpaced inflation for many, especially younger generations, rising debt — particularly credit card and student loans — continues to weigh heavily on households across the country. Understanding these consumer behaviors and trends is crucial for collections professionals looking to assess repayment potential.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mastering B2B Payment Negotiation Strategies for New Business Owners

Enterprise Recovery

One of the most challenging parts of starting a business or working independently is deciding on your rates. After that, you must negotiate contract terms with your clients, including asking to get paid for your work. Navigating the complex world of B2B payments can be daunting for business owners, but mastering effective negotiation strategies can ensure you always get paid for your hard work.

204
204
article thumbnail

FTC Takes Action Against Phantom Debt Collector That Collected Millions In Bogus Debt From Consumers

Collection Industry News

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. In response to a federal court complaint filed against Global Circulation, Inc. (GCI) and its owner, Kenneth Redon, III, the court agreed to temporarily halt the company’s operation and ordered it to turn its assets over to a court-appointed recei

article thumbnail

Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

article thumbnail

Judge Dismisses FDCPA Claims in Class Action Over Traffic Fine Debts

Account Recovery

A District Court judge in Nevada has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act class-action lawsuit, disagreeing with the plaintiff’s argument that traffic fines should be subject to the statute because driving a car is a consumer use. The background: The plaintiffs received letters and recorded phone calls from the defendant seeking to collect unpaid fines related to misdemeanor traffic citations.

More Trending

article thumbnail

Medical Debt Still a Major Burden for Americans: Study

Account Recovery

Despite progress in health insurance coverage over the past decade, millions of Americans are still struggling under the weight of medical debt. With 26 million Americans lacking health insurance in 2023, and many others underinsured, the healthcare landscape remains challenging. The Commonwealth Fund’s latest survey highlights the persisting barriers to accessing timely care and the financial burdens many face due to medical costs.

article thumbnail

Compliance Digest – November 25

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.