Account Recovery

JANUARY 7, 2022

Commercial Collection Agencies of America has elected its new Board of Directors and has announced the slate of officers of the organization. Board members include Pete Roth of CST Company, Fred Wasserspring of Lyon Collection Services, Inc., David Herer of ABC-Amega, Inc., David Herer of ABC-Amega, Inc.,

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Commercial Collection Collection Agencies Collections Agency Collections 246

Account Recovery

NOVEMBER 8, 2021

The Department of Education last week notified the private collection agencies it had been using to help recover payments on defaulted student loan debts that it would no longer be placing accounts with them. Cancels Contracts With Private Collection Agencies appeared first on AccountsRecovery.net.

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Collection Agencies Collections Agency Student loans Student Loans 246

Account Recovery

APRIL 4, 2022

The plan to use private collection agencies to collect on debts owed to the Internal Revenue Service has brought in less than half of the estimated funds that were projected to be collected, according to a report from the Treasury Department, while also revealing that the IRS as underreported how much it is costing to … The post Private Collection (..)

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Collection Agencies Collections Agency Collections 246

Account Recovery

NOVEMBER 3, 2021

A nonpartisan public policy institute that is part of Congress has published a report on the Internal Revenue Service’s Private Collection Agency program, detailing its history and sharing the pros and cons of using private companies to collect on debts owed by taxpayers to the federal government.

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Collection Agencies Collections Agency Collections Government 246

Account Recovery

FEBRUARY 24, 2025

Laura Fine, introduces key restrictions on medical debt collection practices, particularly in cases where patients are appealing health insurance decisions. SB 1223 builds upon existing provisions in the Fair Patient Billing Act, which already regulates how hospitals and medical creditors pursue collections against uninsured patients.

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Collections Debt collector Collection Agencies Collections Agency 217

Account Recovery

DECEMBER 2, 2022

A Washington-based collection agency has reported a data breach to the Attorney General of Maine after being the target of a ransomware attack last year that compromised the personal information of more than 3 million people, according to published reports. Collection Agency Impacts 3.7M Collection Agency Impacts 3.7M

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Collection Agencies Collections Agency Collections 245

American Profit Recovery

JANUARY 6, 2025

And as a collection agency working with small businesses and large organizations, it is a must for us to carry out our mission. When calling a consumer about a past due bill, regardless if it’s the business or a debt collection professional, we must give that consumer our full attention. What is active listening?

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Collections Debt collector Collection Agencies Collections Agency 222

Account Recovery

AUGUST 23, 2022

The Colorado Attorney General’s Consumer Credit Unit last week published new guidance related to the enactment of a law governing remote work for licensed lenders while also noting that the guidance originally enacted at the start of the pandemic in 2020 remains in effect for entities not covered by the new law, including collection agencies, (..)

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Collection Agencies Collections Agency Collections Consumer Credit 246

American Profit Recovery

AUGUST 19, 2024

Why should my business use a collection agency? The fact is there are enormous benefits to outsourcing your debt collections for a small business and even a larger organization. Having a reputable debt collection agency represent your business is one of the smartest moves you can make.

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Collection Agencies Collections Agency Collections Debt collector 231

Account Recovery

AUGUST 10, 2022

Months after filing a lawsuit accusing a hospital network of “aggressively” seeking to collect $70 million from individuals who were eligible for charity care, the Attorney General of Washington has expanded his lawsuit to include a pair of collection agencies that allegedly failed to inform individuals about their eligibility.

Collection Agencies 246

Collection Agencies Collections Agency Collections Healthcare 246

Account Recovery

OCTOBER 13, 2021

The former owner of a collection agency pleaded guilty yesterday to one count of making payments to support the former Circuit Court Clerk of Cook County, Illinois, while the company he ran entered into a deferred prosecution agreement and will pay a $225,000 fine. Donald Donagher, who ran Penn Credit Corp.,

Collection Agencies 246

Collection Agencies Collections Agency Collections 246

Account Recovery

JUNE 28, 2022

A private holding company that says it is actively seeking to purchase accounts receivable management firms has announced the acquisition of a collection agency based in Washington. which was formed in 2019, announced the purchase of Rainier Collections Services, based in Bellevue, Wash. Terms of the deal were not disclosed.

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Acquisition Collection Agencies Collections Agency Accounts Receivables Management 221

American Profit Recovery

NOVEMBER 14, 2023

The debt collection industry is a vital part of the US economy. Many small businesses and larger organizations rely on the expertise and efforts of third-party collection agencies every day. Want to know more about why businesses rely so much on professional debt collection agencies ? And for good reason.

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Collection Agencies Collections Agency Collections Debt collector 214

Account Recovery

FEBRUARY 8, 2022

The Debt Collection Licensing Act in California has been in effect for a month and already changes are being proposed, in the form of expanding the definition of what constitutes a collection agency.

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Collection Agencies Collections Agency Collections 243

Account Recovery

APRIL 18, 2022

A company accused of allegedly laundering money for debt collection firms has relinquished its claim to nearly $400,000 that was seized by government prosecutors who are seeking to crack down on fraud and illegal debt collection activities by companies in Western New York, according to a published report.

Collection Agencies 244

Collection Agencies Collections Agency Collections Government 244

Account Recovery

OCTOBER 13, 2022

A healthcare provider and the collection agency working on the provider’s accounts are facing a class-action lawsuit alleging they violated a recently enacted state law in New Mexico by engaging in debt collection activities before verifying whether the incomes of those patients protected them from such activities.

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Collection Agencies Collections Agency Healthcare Collections 244

American Profit Recovery

JULY 21, 2022

If your business has thought about hiring a collection agency to improve cash flow, but has never made a firm decision, you’ll want to listen up. Before you hire a collection agency. But it is an important step and getting paid on time and laying the groundwork for collection activity for non-payers.

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Collection Agencies Collections Agency Collections Debt collector 226

Account Recovery

JULY 14, 2022

AG in Anti-Spoofing Lawsuit appeared first on AccountsRecovery.net.

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Collection Agencies Collections Agency Collections Judgment 246

Account Recovery

JANUARY 10, 2023

Middleboro, MA, January 9, 2023 – Action Collection Agencies, Inc. O’Brien as its Executive Vice President/Chief Operations Officer overseeing the operations of its first and third party collections services. “I … The post Action Collection Agencies, Inc. The post Action Collection Agencies, Inc.

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Collection Agencies Collections Agency Collections 246

Account Recovery

AUGUST 4, 2021

In what is certainly a first for me, a collection agency — which is represented by The Echols Firm — has defeated a motion to dismiss a lawsuit for lack of standing. But this is not a run-of-the-mill Fair Debt Collection Practices Act suit.

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Collection Agencies Collections Agency Fair Debt Collection Collections 246

Account Recovery

APRIL 27, 2022

A battle between a failed partnership between a creditor and a collection agency has spilled over into the Court of Appeals for the Eleventh Circuit, with a panel of judges yesterday affirming a lower court’s decision not to award the creditor attorney’s fees after it accused the agency of breaching the terms of their agreement … (..)

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Collection Agencies Collections Agency Collections Creditors 246

Account Recovery

NOVEMBER 17, 2021

GEORGE, UTAH, NOVEMBER 16, 2021 — TCN, Inc.,

Collection Agencies 246

Collection Agencies Collections Agency Collections 246

American Profit Recovery

OCTOBER 18, 2023

This is where Business-to-Business (B2B) collection agencies come into play. However, the relationship between a collection agency, its clients, and their customers can be delicate. Your B2B collection specialist will want to know the specifics about how your organization invoices commercial customers.

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Collection Agencies Collections Agency Collections Manufacturing 218

American Profit Recovery

FEBRUARY 9, 2023

A commercial collection agency is an agency that works to resolve debt between two businesses. Commonly known as B2B debt collections, it’s the process of mediating financial disputes and overdue invoices owed to a commercial client. You will preserve future revenue by hiring the right commercial collection agency.

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Commercial Collection Collection Agencies Collections Agency Collections 200

American Profit Recovery

FEBRUARY 7, 2023

What type of results should I expect from using a collection agency for my business? If your organization has made the decision to move forward on hiring a debt collection agency, you’ll be asking some common questions. What does the agency need from us? What percentage of the customers I send to collections pay?

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Collection Agencies Collections Agency Collections 206

American Profit Recovery

NOVEMBER 17, 2023

When you’re in the process of hiring a debt collection agency for your organization, there are no doubt many questions on your mind. Hiring a new agency for your business can be a big step because of the important role they play in the overall health of your business. What is your fee structure for debt collections?

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Collection Agencies Collections Agency Collections 208

American Profit Recovery

MARCH 1, 2023

Communication is your best strategy with debt collectors Never hesitate to pick up the phone when a collection agency calls. Having that first phone call with a debt collection professional can lay the groundwork for having one less thing to worry about and eventually paying off your financial obligations.

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Collection Agencies Collections Agency Debt collector Collections 200

American Profit Recovery

OCTOBER 11, 2022

Keeping track of the compliments that consumers have provided our debt collection team and others here on the staff has provided tremendous value and how we operate as a collection agency. There are several reasons why part of our collection team’s job is maintaining a record of the compliments received.

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Collection Agencies Collections Agency Collections Debt collector 207

American Profit Recovery

SEPTEMBER 14, 2022

Before your business decides it’s not a good idea to use a collection agency or you simply cannot afford it, we have a few pieces of advice you should consider before shutting the door on getting third-party help. There is much more to consider before you decide not to use a collection agency to improve your cash flow.

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Collection Agencies Collections Agency Collections 205

Account Recovery

NOVEMBER 14, 2024

Anthony Brown, the Attorney General of Maryland, yesterday announced charges against the owners and property managers of an apartment complex in Prince George’s County for a series of alleged violations, including operating without the required rental housing license and engaging in illegal debt collection practices.

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Collections Collection Agencies Collections Agency 130

Account Recovery

OCTOBER 11, 2024

The credit and collection sector could be next. Why it matters: As collection agencies, debt buyers, fintechs, banks, and credit unions seek to improve consumer engagement, LLMs offer a potential solution for more natural and effective communication. What’s next: Just as LLMs in AVs operate within certain parameters (e.g.,

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Credit Unions Credit Unions Collections Fair Debt Collection 130

Account Recovery

OCTOBER 10, 2024

A District Court judge in Virginia has dismissed the majority of claims against several defendants in a Fair Debt Collection Practices Act class-action lawsuit, but allowed one key claim against a collection agency to proceed. Bank National Association. Learn more.

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Student loans Student Loans Fair Debt Collection Collection Agencies 246

Account Recovery

MARCH 6, 2025

The Washington State Attorney General’s office has filed a lawsuit against a collection agency, accusing it of failing to comply with state law by not disclosing consumers’ rights regarding medical debt information.

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Collection Agencies Collections Agency Legal Rights Collections 130

Account Recovery

JULY 14, 2022

Getting to Know Erin Stewart from SuccessKPI; Collection Agency Beats S.C. Perhaps that explains her meteoric rise through the ranks of the industry in just eight short years. Read on to learn more about … The post Daily Digest – July 14. AG in Anti-Spoofing Case appeared first on AccountsRecovery.net.

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Collection Agencies Collections Agency Collections 246

Account Recovery

DECEMBER 31, 2024

A state appeals court in Washington has affirmed an attorney’s fee award for the plaintiff in a debt collection case, agreeing with the lower court that counterclaims brought by the defendant, a collection operation, were frivolous.

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Collections Collection Agencies Collections Agency Judgment 130

Account Recovery

MARCH 14, 2025

Mountain View, CA, March 14, 2025 – Prodigal today announced the Prodigal Intelligence Engine (PIE), a specialized intelligence layer designed to power AI agents in collections and consumer finance. About ProdigalProdigal is the leading GenAI provider for the consumer finance industry.

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Collections Collection Agencies Collections Agency Lender 130

American Profit Recovery

JANUARY 9, 2025

There are many great career opportunities in the debt collection industry. There are many parts of being in collections that require consistent knowledge and training as well as mastering creatin skills. Legal compliance for debt collectors The debt collection industry is one of the most heavily regulated industries.

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Debt collector Collection Agencies Collections Agency Collections 199