American Profit Recovery
JULY 30, 2021
We are often asked the question of whether working in the collection industry is a smart career choice. And there is no better evidence than earning a spot on the Best Collection Agencies to Work For list for 14 straight years now. Restaurants and retail were shuttered and manufacturing in many regions came to a halt.
Nexa Collect
NOVEMBER 26, 2022
As per FTC, starting June 9, 2023 all collection agencies will be treated as financial institutions. This means all collection agencies must secure consumer data nearly the same way as banks. Failure to comply with GLBA can have severe consequences for the collection agency, especially the owners and/or the CEO.
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American Profit Recovery
NOVEMBER 29, 2021
At the far end of the spectrum, numerous small retail shops and restaurants closed for good and those that did survive through the pandemic suffered tremendous losses that they now need to work day and night to make up for. What would your downtown look like without small retail shops? Pay a small business on time.
Credit Management Company
JUNE 4, 2019
Lack of payment from products and services already delivered can make it very difficult to continue doing business, so it's the responsibility of debt collection agencies to increase the flow of revenue so that you can meet payroll and fulfill your other financial obligations. Types of Businesses that Benefit from Debt Collection.
Nexa Collect
OCTOBER 31, 2022
Based on clients we came across last year (2021), here is the average recovery rate we have seen, along with our collection agency partner(s). No collection agency publically publishes the results they achieve by industry. Retail/Consumer Misc. This is purely our own experience. Recovery Rate. Transportation.
Account Recovery
OCTOBER 9, 2024
This behavior, observed in the retail world, is a crucial lesson for collection agencies, debt buyers, fintechs, banks, and credit unions. If you don’t offer payment options that consumers want to use, 70% of them are going so shop somewhere else, according to a published report.
True Accord
OCTOBER 22, 2024
Tired of paying higher prices, consumers increasingly turned to cheaper alternatives, bargain hunted or simply avoided items they found too expensive, pressuring retailers to accommodate them or lose their business. The National Retail Federation is forecasting that winter holiday spending is expected to grow between 2.5%
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