Common Misconceptions About the Fair Debt Collection Practices Act

Over the past decade, there has been a remarkable rise in blogs and websites that focus on helping consumers get themselves out of debt, improve their credit scores, and establish a sense of financial stability in their lives. But as with any good thing on the internet, there is also a lot of misinformation being [...]

By |2017-02-12T14:41:01+00:00September 22nd, 2016|Press|0 Comments

The Downside of Credit and Collection Reform

A recent Buzzfeed article reported that the federal government is considering a proposal to drastically increase the regulations on the consumer debt collection industry. These new regulations would make it exponentially more difficult for collectors to contact debtors with delinquent balances. The idea of making it harder for collectors to get ahold of consumers is [...]

By |2017-02-12T14:41:01+00:00September 16th, 2016|Press|0 Comments

Debt Collection in the Philippines

Dealing with any type of international debt collection is always going to be a tricky matter. No matter what country you are talking about, there are going to be a host of different rules and regulations that you are going to be expected to follow in order to conduct your collection in an appropriate manner. [...]

By |2016-08-15T12:27:38+00:00September 5th, 2016|Press|0 Comments

Six Ways That Debtors Delay Payments…And How to Handle Them

Dealing with delinquent debtors is becoming more and more common in today’s business environment. While none of us look forward to handling these trouble accounts, we also don’t have a choice in most instances. The whole world operates on credit, and sometimes we make mistakes and offer that credit to the wrong people. Once you [...]

By |2017-02-12T14:41:01+00:00August 29th, 2016|Press|0 Comments

Geographically Speaking: Debt Collection Rates By State

They say that you are the average of the five people that you spend the most time with. They also say that attempting to keep up with “The Joneses” is a sure way to end up in the poor house. A recent study into debt collection by The Urban Institute has found that both of [...]

By |2017-02-12T14:41:01+00:00August 22nd, 2016|Press|0 Comments

Debt Collection in Virginia

One of the things that makes the debt collection industry extremely complicated is the fact that anyone attempting to collect an outstanding debt must play by the rules of the country where the debtor resides, and here in the United States they also have to contend with each and every state’s individual laws regarding debt [...]

By |2017-02-12T14:41:01+00:00August 15th, 2016|Press|0 Comments

Case Studies: How Timing Can Impact Debt Collection

Timing is everything in the world of commercial debt collection. In just a blink of an eye, people who have been your best customers for years can go from having excellent credit to nearly bankrupt. And the only way to prevent your business from suffering the consequences is to act early, and to make sure [...]

By |2017-02-12T14:41:01+00:00August 7th, 2016|Press|0 Comments

Understanding the Differences with B2B Debt Collection

One of the most important factors in successfully collecting any outstanding debt is understanding all of the details that are affecting the situation. The type of debt, person responsible for the debt, and even the general economic conditions can all play a major factor in whether or not you are able to get paid. When [...]

By |2017-03-12T15:10:41+00:00June 25th, 2016|Press|0 Comments

How to Collect on an Outstanding Promissory Note

Everything started out so well. You had a friend, relative, or client that seemed to be on the up-and-up, but cash was tight and they needed a little help. You had a little extra and saw an opportunity to make a bit more interest than the banks were offering. Then things took a turn for [...]

By |2017-05-09T14:47:11+00:00June 15th, 2016|Press|0 Comments