This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Utilizing a reputable collectionagency 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 collectionagency can actually help your business keep customers? The post Can a collectionagency help me keep my customers?
A business like yours likely has one goal when hiring a collectionagency: to collect money from customers who pay late or have not paid at all. You may also want to work with a collectionagency because you do not have the internal resources or the time to chase past-due invoices, and it is time-consuming.
A collection operation in Indiana that was the subject of a Consumer Financial Protection Bureau enforcement order back in 2023 has closed its doors for good, leaving nearly 100 employees looking for work. The collectionagency may be associated with a debt buying operation that also recently shut its doors.
Navigating collections in the dynamic financial landscape presents multifaceted challenges. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly. Finding the right software can save time and money.
Many companies often turn to professional debt collectionagencies for assistance when this happens. Before you hand over your delinquent accounts to a collectionagency, it's important to understand their role and how they can help your business.
A collectionagency based in Colorado was the victim of a ransomware attack that affected more than 650 of its healthcare clients, according to published reports.
Commercial CollectionAgencies 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.,
The Department of Education last week notified the private collectionagencies 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 CollectionAgencies appeared first on AccountsRecovery.net.
The plan to use private collectionagencies 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 (..)
A nonpartisan public policy institute that is part of Congress has published a report on the Internal Revenue Service’s Private CollectionAgency 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.
A Washington-based collectionagency 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. CollectionAgency Impacts 3.7M CollectionAgency Impacts 3.7M
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 collectionagencies, (..)
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 collectionagencies that allegedly failed to inform individuals about their eligibility.
The governor of Pennsylvania has vetoed proposed legislation that would have allowed state courts to hire private collectionagencies to recover unpaid court fines and costs, saying it could “disproportionately” harm low-income individuals.
The former owner of a collectionagency 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.,
Why should my business use a collectionagency? 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 collectionagency represent your business is one of the smartest moves you can make.
A private holding company that says it is actively seeking to purchase accounts receivable management firms has announced the acquisition of a collectionagency 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.
Many small businesses and larger organizations rely on the expertise and efforts of third-party collectionagencies every day. Collectionagencies are recovering substantial amounts of consumer debt and helping those businesses drastically improve much needed cash flow. And for good reason. Check out our thoughts here.
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 collectionagency.
A healthcare provider and the collectionagency 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.
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.
Middleboro, MA, January 9, 2023 – Action CollectionAgencies, 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 CollectionAgencies, Inc. The post Action CollectionAgencies, Inc.
If your business has thought about hiring a collectionagency to improve cash flow, but has never made a firm decision, you’ll want to listen up. Before you hire a collectionagency. But it is an important step and getting paid on time and laying the groundwork for collection activity for non-payers.
In what is certainly a first for me, a collectionagency — 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.
A battle between a failed partnership between a creditor and a collectionagency 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 … (..)
A commercial collectionagency 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 collectionagency.
What type of results should I expect from using a collectionagency for my business? If your organization has made the decision to move forward on hiring a debt collectionagency, you’ll be asking some common questions. What does the agency need from us? It’s a common question. How does the process work?
This is where Business-to-Business (B2B) collectionagencies come into play. However, the relationship between a collectionagency, its clients, and their customers can be delicate. Keeping your customer relationship intact should be a major focus of how that collectionagency operates.
When you’re in the process of hiring a debt collectionagency 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. Check out some of these questions and the reasons why.
Communication is your best strategy with debt collectors Never hesitate to pick up the phone when a collectionagency 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.
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 collectionagency. There are several reasons why part of our collection team’s job is maintaining a record of the compliments received.
Getting to Know Erin Stewart from SuccessKPI; CollectionAgency 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.
The Washington State Attorney General’s office has filed a lawsuit against a collectionagency, accusing it of failing to comply with state law by not disclosing consumers’ rights regarding medical debt information.
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 collectionagency to proceed.
Debt collectors must also understand the guidelines that are dictated by the Consumer Financial Protection Bureau which outline measures to avoid deceptive or unfair collection practices. Debt collection professionals are also trained in state collection laws. It is a must-have in any collectionagency.
Why it matters: The bill aims to prevent medical creditors and debt collectors from pursuing collection actions while a patients appeal of a health insurance decision is pending or was pending within the previous 180 days.
Indications it’s time to utilize the services of a collectionagency Once you are aware of the red flags of negative cash flow and downward trends, it’s important for you to get much more assertive with your efforts to improve your cash flow. For many small businesses, that’s using the right collectionagency.
Frost Echols, representing the defendant a collectionagency in this case, discovered the irregularities after attempting to depose the plaintiff. The law firm agreed to pay a total of $50,000, with $35,000 going to the collectionagency defendant and $15,000 to the plaintiff. Read the consent decree.
State Judge Dismisses Hunstein Case for Lack of Standing CFPB Report Updates Medical Debt Collection Credit Reporting Data Points Data Breach at CollectionAgency Compromises Info on 2M Consumers WORTH NOTING: If you are changing addresses in the next little bit, here is the ultimate moving […]
The credit and collection sector could be next. Why it matters: As collectionagencies, 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.,
For the second time, a Pennsylvania Appeals Court has ruled that employees can seek liquidated damages under the state’s Wage Payment and Collection Law (WPCL) even if they have already been paid all outstanding wages before filing a lawsuit issuing the ruling in a case involving a collectionagency and its former chief executive.
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content