Account Recovery

SEPTEMBER 19, 2024

The influence of these firms has transformed revenue cycle management (RCM), raising concerns about more aggressive debt collection practices and higher financial burdens on patients, according to a newly released report. Between the lines: Some private equity-owned RCM companies have been linked to more aggressive collection tactics.

Healthcare 130

Healthcare Collections Acquisition Collection Agencies 130

Account Recovery

JUNE 6, 2023

AMSTERDAM, June 6, 2023 — Atradius Collections has acquired Pro Kolekt group and expanded its presence to 40 countries in line with their mission to support their customers growth, wherever they trade in the world, by delivering local expertise in receivables management.

Acquisition 130

Acquisition Collections Trade 130

FFGN COLLECT NY

OCTOBER 4, 2022

Companies that grow by acquisition are often faced with challenges when taking a deep dive into recently acquired new customer accounts. Although acquisitions can increase your customer base, new client relationships don’t always go as anticipated. That can be especially true when it comes to collecting accounts receivables.

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Acquisition Collections Construction Debtor 52

Account Recovery

JANUARY 5, 2021

5, 2021 /PRNewswire/ — Katabat, a leading global provider of debt management software solutions for lenders, fintechs, and collection agencies, announced today that it has acquired Simplicity Collection Software of Idaho Falls, Idaho. WILMINGTON, Del.,

Acquisition 246

Acquisition Collections Collection Agencies Lender 246

Account Recovery

NOVEMBER 11, 2024

charged-off debt and increased lending are creating unprecedented opportunities for debt buyers and collection agencies, signaling a significant shift in the credit and collections landscape. where returns are highest, over strategic mergers and acquisitions. Why it matters: The surge in U.S. Learn more.

Acquisition 130

Acquisition Collection Agencies Collections Agency Credit Management 130

Account Recovery

JULY 21, 2023

Collector Sued for Sending Emails at Inconvenient Time Healthcare Collection Platform Collectly Raises $29M to Help Providers Recover More Judge Grants Partial MTD in FDCPA Case Over ID Theft Affidavit CFPB Report Spotlights Employer-Driven Debt Williams & Fudge Announces Acquisition of RGS Financial, Expanding its Market Presence and Strengthening (..)

Healthcare 130

Healthcare Acquisition Collections 130

Account Recovery

AUGUST 24, 2020

EXCLUSIVE: GORDON BECK SHARES DETAILS OF COMPANY‘S FIRST ACQUISITION Valor Intelligent Processing (VIP), based in Jacksonville, Fla., recently completed its first-ever acquisition, purchasing Credit Protection Association (CPA), a collection and business-process outsourcing company based in Dallas.

Acquisition 113

Acquisition Collections 113

Account Recovery

DECEMBER 30, 2021

ARSI), a nationwide legal collections network headquartered in Southern California. The acquisition enhances Firstsource’s leadership in consumer debt management services … The post Firstsource Solutions Acquires American Recovery Services to Enhance Services in Debt Collections Market appeared first on AccountsRecovery.net.

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Acquisition Collections Legal Collections Debt Management 234

American Profit Recovery

MARCH 13, 2024

A healthy debt collection process helps businesses of all sizes maintain positive cash flow which is critical for many reasons. Let’s go through some of the obvious and not so obvious reasons why debt collections is an integral part of your organization’s cash flow. Or worse, credit lines.

Collections 198

Collections Acquisition Collection Agencies Collections Agency 198

Account Recovery

SEPTEMBER 5, 2024

04, 2024 — C&R Software (“C&R”),the world’s leading Cloud-native end-to-end software and solutions provider for the complete credit risk lifecycle and a CORA Group company, today announced the acquisition of SpringFour, the first-of-its-kind, leading financial health fintech. WARMINSTER, Pa.,

Acquisition 130

Acquisition Credit Unions Credit Unions Construction 130

Account Recovery

JULY 14, 2023

Issues with Validation Notice, Second Letter Lead Consumer to Accuse Collector of Violating FDCPA Appeals Court Largely Affirms Sanctions Against Plaintiff’s Attorney in FDCPA Case CFPB, State AGs Sue Company Over Illegal Collection, Marketing Practices State Court Judge Denies Certification, Dismisses FDCPA Suit for Lack of Standing CORA Group Announces (..)

Acquisition 130

Acquisition Collections 130

Account Recovery

SEPTEMBER 24, 2024

Debt collection fintech InDebted has raised $41 million in a Series C funding round, positioning the company for further global expansion and product development. What they’re saying: Craig Blair, Co-founder at Airtree, praised InDebted for its technological innovation, stating, “InDebted is rewriting the narrative on debt collection.

Acquisition 130

Acquisition Collections 130

Account Recovery

OCTOBER 20, 2022

Wakefield & Associates, an industry-leading collections and healthcare revenue cycle solutions company, today announces it has acquired the debt collection business of Choice Recovery, Inc., an Ohio-based nationally recognized collections provider.

Acquisition 245

Acquisition Healthcare Collections 245

On Guard

JANUARY 13, 2021

London, UK, 13 th January 2021 – Visma | Onguard, the fintech company dedicated to the order-to-cash process, today announces the acquisition of Dutch scale-up, Outstanding24 , taking over all activities and employees. Anton Maas, director of Outstanding24 comments, “For Outstanding24, the acquisition comes at the right time.

Acquisition 52

Acquisition Debtor Credit Management Debt Management 52

Account Recovery

MARCH 21, 2024

AG Seeks Injunction Against Debt Buyer, Collection Operation To Halt ‘Deceptive’ Practices Indiana Appeals Court Affirms Arbitration Ruling in FDCPA Class Action Frazier Healthcare Partners Announces Acquisition of RevSpring WORTH NOTING: […] Getting to Know Neil Mastellone of Velo Law Judge Orders Collector to Pay $1.2M

Acquisition 147

Acquisition Healthcare Collections 147

Account Recovery

AUGUST 24, 2021

ONTARIO SYSTEMS CONTINUES BUYING SPREE WITH KATABAT ACQUISITION Continuing its spree of acquisitions in 2021, Ontario Systems yesterday announced it had purchased Katabat, the maker of a collection software platform. Terms of the deal were not disclosed.

Acquisition 246

Acquisition Collections 246

Account Recovery

AUGUST 25, 2023

A District Court judge in New York has adopted recommendations from a Magistrate Court judge and certified a class in a Fair Debt Collection Practices Act case that has been going on for nearly a decade. Palisades Acquisition XVI et al. A copy of the ruling in the case of McCrobie v. can be accessed […]

Acquisition 130

Acquisition Judgment Fair Debt Collection Collections 130

Account Recovery

MAY 6, 2022

(Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced that Rakesh Sehgal will join the company as Senior Vice President and Head of Corporate Development. He will be based in New York.

Acquisition 246

Acquisition Loans Collections 246

Fico Collections

JULY 9, 2021

These solutions provide great benefits once an account has been originated, however they lack effective tools for the acquisition stage of the lifecycle. This is where the latest prescreening solutions can help by offering easy-to-access, cloud-based solutions that provide the necessary tools for personalized and targeted customer campaigns.

Acquisition 52

Acquisition Credit Unions Credit Unions Financial Institution 52

Fico Collections

JULY 9, 2021

These solutions provide great benefits once an account has been originated, however they lack effective tools for the acquisition stage of the lifecycle. This is where the latest prescreening solutions can help by offering easy-to-access, cloud-based solutions that provide the necessary tools for personalized and targeted customer campaigns.

Credit Unions 52

Credit Unions Credit Unions Acquisition Banks 52

Burt and Associates

SEPTEMBER 23, 2024

The Fair Debt Collection Practices Act ( FDCPA ) is a cornerstone of consumer protection laws in the United States. Short title The FDCPA ,  officially titled the  Fair Debt Collection Practices Act , establishes the law regulating debt collection practices across the U.S.

Fair Debt Collection 52

Fair Debt Collection Debt collector Collections Debt Recovery 52

Burt and Associates

SEPTEMBER 23, 2024

The Fair Debt Collection Practices Act ( FDCPA ) is a cornerstone of consumer protection laws in the United States. Short title The FDCPA ,  officially titled the  Fair Debt Collection Practices Act , establishes the law regulating debt collection practices across the U.S.

Fair Debt Collection 52

Fair Debt Collection Debt collector Collections Debt Recovery 52

Account Recovery

SEPTEMBER 12, 2024

TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support. Joey Nichols has spent his entire life in the collection industry. My family started Tri County Collection Agency in 1962.

Acquisition 130

Acquisition Collection Agencies Collections Agency Education 130

Jimerson Firm

FEBRUARY 6, 2024

In the complex world of business acquisitions, Buyers face a myriad of risks and uncertainties. Rollover equity is a purchase mechanism where the Seller receives stock or interests in the business post-acquisition as part of the sale.

Acquisition 59

Acquisition Government Collections 59

Re:Ceeve

JUNE 5, 2020

One of the biggest challenges in debt collections is trying to create an effective dunning process that ensures outstanding balances are settled promptly and customers remain loyal to your company. Customer-centric collections is different from regular debt management processes. Customer preference vs current collections strategy.

Collections 83

Collections Acquisition Debt Management 83

Account Recovery

MARCH 21, 2024

The Attorney General of Massachusetts is seeking a preliminary injunction against a number of companies owned by the same individual to halt what the AG calls harmful debt collection practices.

Collections 130

Collections Acquisition Judgment 130

Re:Ceeve

JUNE 12, 2020

Today, companies must think about the bigger picture by listening to customer needs, especially when it comes to debt collection. For years, companies have treated the debt collection process not as an opportunity, but as a relentless process of retrieving outstanding balances at all costs. What is customer self-service (CSS)?

Collections 91

Collections Acquisition Retrieval Collection Agent 91

Troutman Sanders

AUGUST 29, 2023

District Court for the Western District of New York granted the plaintiff’s motion for class certification for alleged violations of the Fair Debt Collections Practices Act (FDCPA) relating to an allegedly improper debt assignment notification. The default judgment was later assigned to Palisades Acquisition. In McCrobie v.

Acquisition 52

Acquisition Garnishment Judgment Debtor 52

Collection Industry News

SEPTEMBER 2, 2024

The Fair Debt Collection Practices Act (FDCPA) serves as a foundational piece of legislation protecting consumers from abusive debt collection practices. For businesses looking to streamline their debt collection process, adhering to FDCPA guidelines is essential for long-term success. 2024 FDCPA Highlights.

Fair Debt Collection 40

Fair Debt Collection Debt collector Collections Acquisition 40

Fico Collections

SEPTEMBER 29, 2022

Telecommunication businesses are fighting hard with acquisition campaigns in a bid to win more trust, more business and new customers. Telcos and the Need for Risk-Aware Persona-Based Acquisition. Smart Contracting, Faster Acquisition and Consumer-Initiated Pre-Qualification. Wed, 09/28/2022 - 15:25. But it’s all about trust.

Acquisition 52

Acquisition Retail Debt Management Lender 52

Qualco

SEPTEMBER 19, 2024

Optimising Campaign Effectiveness for Maximum Engagement Marketing campaigns are crucial for driving customer engagement and acquisition, yet many campaigns underperform due to lack of targeted strategies. Download the report to unlock the power of data-driven collections! Access report

Financial Institution 52

Financial Institution Acquisition Financial services Banks 52

UK debt collections

JUNE 3, 2024

Parallels with AC Milan fiasco The situation has parallels with US hedge fund Elliott Management’s acquisition of Inter’s city rivals AC Milan in 2018 after its Chinese owner defaulted on a €415m debt. Oaktree has no experience of operating a club of Inter’s size and it is not clear whether it intends to retain or sell its new asset.

Accrued Interest 72

Accrued Interest Acquisition Loans 72

The Kaplan Group

JANUARY 7, 2021

How did Covid-19 and the resulting economic downturn affect the collections industry? TransUnion recently released a report on the state of Collections in 2020. There are fewer third-party collections agencies. The number of collection firms has been in decline since 2011, from 9,400 to 7,401 in 2018. That’s a 2.5%

Collections 59

Collections Collection Agencies Collections Agency Student Loans 59

Fico Collections

JANUARY 24, 2022

Debt collection is about contacting customers, and that only works with correct contact data. Contact data quality in debt collection is a common challenge, and we often get asked how to best address this. Data capture at customer acquisition should not be limited to data that is required to complete the originations process.

Retrieval 52

Retrieval Collections Acquisition 52

UK debt collections

AUGUST 3, 2023

The flagship London store was repossessed by its owners due to the forfeiture of rent, and customers were given until August 3 to collect their bikes before they would be sold or disposed of by the landlords. The situation has caused chaos for consumers. However, there is hope on the horizon as a potential buyer has emerged.

Manufacturing 52

Manufacturing Repossession Acquisition Bankruptcy 52

Fico Collections

JANUARY 18, 2023

Top 5 Debt Collection Posts of 2022: Crisis and Opportunity. As more people enter the collections queue due to rising costs and economic wobbles, our collections experts share their tips for early collections, digital approaches and more. Here are the top five posts from 2022 on debt collection trends. FICO Admin.

Collections 52

Collections Retrieval Lender Debtor 52

Katabat

JANUARY 5, 2021

January 5, 2021, Wilmington, DE – Katabat, a leading global provider of debt management software solutions for lenders, fintechs, and collection agencies, announced today that it has acquired Simplicity Collection Software of Idaho Falls, Idaho. Terms of the transaction were not disclosed. About Katabat.

Collections 40

Collections Acquisition Collection Agencies Collections Agency 40