Apr 11 2016 04, 2016

Consumer Information Is Key for Debt Collection

By | 2018-05-09T10:53:54+00:00 April 11th, 2016|Press|0 Comments

A wealth of demographic and behavioral data is available to companies that sell and collect consumer debt. The data helps identify characteristics, preferences and goals of consumers who use credit. This information is critical because it helps control the supply and demand for the sale of consumer debt to collection agencies. The value of the [...]

Mar 30 2016 03, 2016

Don’t Sit Still for Bad Debt!

By | 2017-05-10T10:48:05+00:00 March 30th, 2016|Blog|0 Comments

No matter how well you run your business, inevitably you’ll encounter some deadbeat customers who don’t pay their bills. This is most likely to occur when your business sells its products or services to customers on account, as opposed to cash or credit card transactions. Typically, an accounts receivable (A/R) entry that is delinquent for [...]

Mar 21 2016 03, 2016

6 Warning Signs that a Client Is Becoming a Potential Credit Risk

By | 2017-05-10T10:49:05+00:00 March 21st, 2016|Blog|0 Comments

Commercial credit risk is a fact of life for small businesses, who must contend with sudden changes in a customer’s ability to pay its debts. Initial and follow-up credit screening is the most effective way to reduce the risk of delinquent accounts, but it’s impossible to avoid all such risk. Tune in to Customer Behavior [...]

Mar 9 2016 03, 2016

The Truth About Wage Garnishment and Credit Collections

By | 2017-05-10T10:49:28+00:00 March 9th, 2016|Blog|0 Comments

Most debtors never think it could happen to them. One minute they are using credit cards for their living expenses, and the next, after ignoring multiple notices from collection agencies, they find a judgment entered against them that takes a bite out of their paycheck every week. Let’s take a closer look at the truth [...]

Mar 1 2016 03, 2016

What Does the Current State of Student Loan Debt Mean for Collections Agencies?

By | 2017-05-10T10:50:32+00:00 March 1st, 2016|Blog|0 Comments

If you listen carefully to the election debates, you might have noticed an unusual policy discussion starting to take shape: Student loan debt. With estimates most recently reported at $1.3 trillion USD, presidential candidates are beginning to propose solutions to help struggling students take a healthy approach to paying back student loans. In fact, it’s [...]

Jan 20 2016 01, 2016

4 Solutions to Help Consumers and Businesses Pay Off Their Debts

By | 2017-05-10T10:51:38+00:00 January 20th, 2016|Blog|0 Comments

If you’ve ever held a sales position, you probably know a thing or two about the concept of objections. These are the first excuses that someone will make as to why they cannot buy your product or service. The same will be true when you are asking a consumer or business to pay off a [...]

Dec 29 2015 12, 2015

7 Shocking Statistics About Debt Collection in the U.S.

By | 2017-05-10T12:35:43+00:00 December 29th, 2015|Blog|0 Comments

Debt collection agencies are designed to help businesses collect the monies that they are owed based on a contract. The contract can be between any creditor and debtor whether commercial or consumer. In our last blog, we reviewed the top 10 reasons people go into debt. However, you might also be interested in a few [...]

Dec 18 2015 12, 2015

Top 10 Reasons People Go Into Debt

By | 2017-05-10T10:59:30+00:00 December 18th, 2015|Blog|0 Comments

What are the major sources of consumer debt? Whether you own a business or are simply curious about the current state of debt in America, let’s take a closer look at the top 10 reasons people go into debt (Note that we did not include mortgages or car payments, which are two major debt sources [...]