April, 2015

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Contacted by a debt collector? Here are your options!

National Service Bureau

Have you been contacted by a debt collector recently, and not sure what to do? Your options are to dispute the debt, restrict the activities of the collection agency, or to pay the debt. Read below to expand on these options, and for resources to help you navigate the waters ahead. Option 1: Dispute the debt. It doesn’t belong to you. This can happen in cases of mistaken identity or a stolen identity; in either case, you’ll want to get it cleared up as soon as possible.

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Debt Collection: Big Agency Results, Small Agency Service

National Service Bureau

There are a lot of collection agencies out there, and we at National Service Bureau wanted to take this opportunity to explain why we’re a little different from the others. Our collection philosophy and track record help to differentiate us, but that’s not the only reason we might be a good fit for your business. Read on for how you can achieve big agency results in debt collection and get small agency service at the same time.

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Top 3 Complaints Against Debt Collection Agencies

National Service Bureau

Last week we wrote about 2014 CFPB complaints against debt collection agencies. Numbers 4-6 are covered in more depth here , but for those interested in the statistics, here’s a quick review: #6: Taking or threatening to take an illegal action : 2,207 complaints in 2014. #5: Improper contact or sharing of information. 2,333 complaints in 2014. #4: False statements or representation. 2,906 complaints in 2014.

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Top 6 Complaints Against Debt Collection Companies

National Service Bureau

Debt collection companies walk a fine line between business efficiency in their primary function (accounts receivable management), while at the same time needing to respect the fact that the debtor is a valuable client to the business for whom they are running collections. Aggressive tactics are punishable by regulation, but perhaps more commonly, they run the risk of misrepresenting the business to its clients and having a negative impact on the business’s reputation.

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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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Debt Collection Complaints: Year in Review

National Service Bureau

We're 4 months into 2015, which is a great time to review trend data from 2014. The Consumer Financial Protection Bureau (CFPB) releases raw data every year regarding complaints and collection agencies. At National Service Bureau we pride ourselves on ethical collection processes. We take extra care when dealing with sensitive accounts receivable by emphasizing the importance of customer relationships and context throughout our collection efforts.