The Best Ways To Collect

Companies generally succeed when they create relationships with their clients that are founded on trust. However sometimes customers do fall behind in payments to purchase goods or services that they have received. There are a few ways to address this issue.

Tags: , , , , , , , , , , , ,

Super Bowl Scams Arrive As The Landmark Game Approaches

Be on the lookout if you are trying to buy tickets to Colts-Saints game. Scammers love to take advantage of the fans. Travel scams in all types of shapes and sizes come out of the woodwork whenever there is a landmark sporting event.

Tags: , , , , , , , , ,

Creditors That Try To Collect A Debt

Exactly who is trying to get me to pay up? The Fair Debt Collection Practices Act was created in the 1970s and provided a decent amount of protections for debtors. There are strict guidelines and rules that a debt collector must abide by, and if any of these rules are violated, there’s a good chance that you could sue that agency. But what about that friend of yours who owes you five dollars? Do you have to grant them thirty days to refute the claim? Sadly, you do not.

Tags: , , , , , , , , , , , ,

Details Of The CARD Act

On February 22nd, many provisions of the Credit Card Accountability, Responsibility and Disclosure (CARD) Act take effect. The CARD Act’s main focus is to rein in credit card practices and limit fees. It limits the amount of credit available to consumers in tough economic times in an effort to protect them.

Tags: , , , , , , , , , , , ,

Q’s And A’s Of Third Party Collection Agency’s

The label collection agency is frequently applied to third-party agencies, they are named that because they were not a party to the original contract. The creditor gives accounts directly to such an agency on a contingency-fee basis, which ordinarily at first costs nothing to the creditor or merchant, except for the cost of communications. This be that as it may is dependent on the individual service level agreement that exists between the creditor and the collection agency.

Tags: , , , , , , , , , , , ,

Bankruptcy: What is Automatic Stay And How Does It Protect You From Creditors

U.S. Bankruptcy Code imposes something called an automatic stay the moment that a petition for bankruptcy is filed. The automatic stay will typically prevent the enforcement, commencement, or appeal of actions and judgments against a debtor from the creditors they owe money to who are trying to collect these debts incurred prior to the bankruptcy petition. The automatic stay also protects property of the bankruptcy estate itself from collection actions and proceedings.

Tags: , , , , , , , , , , ,

How Do I Collect My Money?

The small claims court cannot collect your money for you, but the clerk or small claims adviser can tell you about some ways to do this yourself. Some just hire a collection agency.

Tags: , , , , , , , , , , , ,

Bankruptcy Attorneys Get Down At Gathering

For some reason a gathering of mid-level bankruptcy professionals made it into the news recently. They met at a bar, some networked, others found new clients, and others just came for the fun. Sources reveal that all of the young executives were enjoying themselves very much.

Tags: , , , , , , , , , , ,

Bleak News As Bankruptcy Rises

Pay cuts and Layoffs goaded more people into bankruptcy last year, and researchers say that the situation will not be likely to improve until the unemployment problem improves. In Wisconsin, bankruptcy filings raised to 30 percent in 2009. This came on top of a 35 percent increase in the preceding year.

Tags: , , , , , , , , , , ,

Change May Be Good For The Collections Industry

In today’s recession, collection companies are not immune. Beginning last year, they started to suffer from declining liquidation performance, staffing cuts, and increased placements.

Tags: , , , , , , , , , , ,

Going Green Benefits Debt Collection Companies

Everyone seems to be “going green” right now and collection companies are now following suit. Agencies such as Pacific Northwest Collections are now eliminating paper files and instead are using a piece of software called Document Locater. The shift from paper to paperless has benefited the company in many ways.

Tags: , , , , , , , , , , ,