Commercial Collection Agencies of America Gives Back
Account Recovery
DECEMBER 17, 2021
At each CCA of … The post Commercial Collection Agencies of America Gives Back appeared first on AccountsRecovery.net.
Preparing Your Business For A Debt Collection Agency
Enterprise Recovery
APRIL 10, 2024
Many companies often turn to professional debt collection agencies for assistance when this happens. Before you hand over your delinquent accounts to a collection agency, it's important to understand their role and how they can help your business.
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Collection Agency Victim of Cyber Attack
Account Recovery
JULY 8, 2022
A collection agency based in Colorado was the victim of a ransomware attack that affected more than 650 of its healthcare clients, according to published reports.
Commercial Collection Agencies of America Announces Board of Directors
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.,
How Collection Agencies Minimize Effort and Maximize Results with the Right Software
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Navigating collections in the dynamic financial landscape presents multifaceted challenges. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.
Ed. Dept. Cancels Contracts With Private Collection Agencies
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.
Private Collection Agencies Bringing in Less Than Expected For IRS: Report
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 (..)
Report Breaks Down Pros, Cons of IRS’s Private Collection Agency Program
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.
Data Breach at Wash. Collection Agency Impacts 3.7M Consumers
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
Indiana AG Obtains $1.3M Judgment Against Collection Agency, Owner
Account Recovery
APRIL 15, 2021
million judgment against a collection agency and its owner that were accused of engaging in deceptive and abusive collection practices and operating without a proper license. Judgment Against Collection Agency, Owner appeared first on AccountsRecovery.net. The Attorney General of Indiana has obtained a $1.3
Collection Agency Owner Pleads Guilty to Wire Fraud, Tax Evasion
Account Recovery
MAY 28, 2021
The owner of a Kentucky collection agency is facing up to 20 years in prison after pleading guilty to charges of wire fraud and tax evasion. Kevin Welsch, who owned and operated RCC Services, admitted to defrauding clients by collecting debts on behalf of creditors and keeping the money for himself.
Colorado AG Issues Guidance Related to Collection Agencies Working Remotely
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, (..)
Wash. AG Amends Lawsuit to Accuse Collection Agencies of Failing to Provide Certain Disclosures
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.
Penn. Gov. Vetoes Bill Allowing State Courts to Hire Private Collection Agencies
Account Recovery
JULY 2, 2021
The governor of Pennsylvania has vetoed proposed legislation that would have allowed state courts to hire private collection agencies to recover unpaid court fines and costs, saying it could “disproportionately” harm low-income individuals.
Top 10 reasons using a debt collection agency is better than going it alone
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.
Ex-Collection Agency CEO Pleads Guilty in Pay-to-Play Scandal
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.,
Firm Announces Acquisition of Washington-based Collection Agency
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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Bill Introduced in California to Expand Definition of Collection Agency Under State Licensing Law
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.
Penn. Legislature Passes Bill Allowing State Courts to Hire Private Collection Agencies
Account Recovery
JULY 1, 2021
The Pennsylvania legislature has passed a bill that will allow state courts in the Commonwealth to place accounts private collection agencies to pursue individuals with overdue court fines and costs. Legislature Passes Bill Allowing State Courts to Hire Private Collection Agencies appeared first on AccountsRecovery.net.
8 reasons why businesses rely on debt collection agencies
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.
Processor With Ties to Collection Agencies Drops Challenge to Seized $400k
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.
Healthcare Provider, Collection Agency Facing Class-Action Lawsuit for Allegedly Violating State Law
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.
Can a collection agency help me keep my customers?
American Profit Recovery
NOVEMBER 25, 2024
Utilizing a reputable collection agency for your all business or larger organization is one of the best ways to dramatically improve cash flow. Want to know more about how a collection agency can actually help your business keep customers? If that continues, a business will send that account to collections.
Collection Agency Wins MSJ Against S.C. AG in Anti-Spoofing Lawsuit
Account Recovery
JULY 14, 2022
AG in Anti-Spoofing Lawsuit appeared first on AccountsRecovery.net.
Action Collection Agencies, Inc. appoints Candice E. O’Brien as Executive Vice President/Chief Operations Officer
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.
ACLU Lawsuit Seeks to Stop County From Placing Unpaid Court Debts With Collection Agency
Account Recovery
APRIL 28, 2021
The American Civil Liberties Union of Washington has filed a class-action lawsuit against Pierce County, Washington, accusing it of violating the constitutional rights of individuals by using private collection agencies to recover unpaid court debts.
Do not put off hiring a collection agency this year
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.
Collection Agency Defeats MTD in Suit Against S.C. AG Seeking to Overturn Anti-Spoofing Statute
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.
Appeals Court Denies Creditor’s Bid for Attorney Fees in Spat with Former Collection Agency Partner
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 … (..)
TCN Launches Online Regulation F Guide for Collection Agencies to Maintain Compliance in Their Communication Practices
Account Recovery
NOVEMBER 17, 2021
GEORGE, UTAH, NOVEMBER 16, 2021 — TCN, Inc.,
How a B2B Collection Agency Can Work Harmoniously with Clients and Customers
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.
Questions to ask a commercial collection agency before hiring
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.
The best debt collection agencies-what do they have in common?
American Profit Recovery
MAY 31, 2022
Choosing a third-party collection agency Is a big step for some businesses. Many businesses have tried various tactics and strategies using internal resources, but there comes a time when you need to seek outside help for collections. A collection agency should understand respect and dignity. Here are just a few.
What results should you expect from using a collection agency?
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?
6 questions a business might ask before hiring a debt collection agency
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?
How to deal with debt collection agencies as a consumer
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.
Why is this collection agency so focused on consumer compliments?
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.
I don’t think my business can afford to use a collection agency-Now what?
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.
Daily Digest – July 14. Getting to Know Erin Stewart from SuccessKPI; Collection Agency Beats S.C. AG in Anti-Spoofing Case
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.
Daily Digest – December 2. Collector Accused of Violating Reg F Over Debt Parking; Data Breach at Wash. Collection Agency Impacts 3M Consumers
Account Recovery
DECEMBER 2, 2022
Collection Agency Impacts 3M Consumers first appeared on AccountsRecovery.net. Collection Agency Impacts 3M Consumers first appeared on AccountsRecovery.net. Collection Agency Impacts 3M Consumers appeared first on AccountsRecovery.net. The post Daily Digest – December 2.
IRS Awards Collection Contracts to Three Agencies
Account Recovery
SEPTEMBER 23, 2021
Starting today, individuals who owe the Internal Revenue Service for unpaid taxes may be contacted by one of three private collection agencies, after the IRS announced it had awarded contracts to the companies. The … The post IRS Awards Collection Contracts to Three Agencies appeared first on AccountsRecovery.net.
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MCA Collection Agency Turns to Skit.ai To Automate Thousands of Collection Calls Per Day with Voice AI
Account Recovery
DECEMBER 7, 2023
The Missouri-based collection agency has chosen Conversational Voice AI to address account penetration amidst staffing challenges. By adopting Skit.ai’s industry-leading solution […]
Oklahoma Senate Passes Medical Collection Bill
Account Recovery
MARCH 19, 2021
The Oklahoma Senate has passed a bill that would prohibit healthcare providers from reporting unpaid debts to a credit reporting agency or placing them with a collection agency unless the patient was provided with a “good faith estimate” of the cost of the services prior to them being rendered.
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4 more myths about debt collections DEBUNKED
American Profit Recovery
DECEMBER 23, 2022
Have you ever wanted to know the real story behind the debt collection industry? Want to get the inside scoop on how things really are in the world of debt collections? There are untold amounts of myths regarding collection agencies and how they operate. Think you know everything about the debt collection industry?
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