Enterprise Recovery

FEBRUARY 18, 2022

Enterprise Recovery is a debt collections agency that specializes in B2B account recovery. We also educate on the best practices required to collect those debts before turning to a professional debt collections company.

Collections 215

Collections Collections Agency Collection Agencies Education 215

American Profit Recovery

AUGUST 11, 2021

That includes how we can work in the best interest of the clients that hire us, the consumers that are struggling with their finances, and the overall health and effectiveness of the collection industry. No government or elected official can be educated on every issue that lies in front of them. We have always wanted to do our part.

Collections 246

Collections Collections Agency Collection Agencies Education 246

Account Recovery

AUGUST 12, 2022

The only good thing that happens when an individual defaults on his or her student loan is that debt collectors make money, according to an Undersecretary at the Department of Education who was speaking during a virtual panel discussion earlier this week.

Student Loans 246

Student Loans Student loans Loans Debt collector 246

American Profit Recovery

DECEMBER 1, 2021

We’ve always been big advocates when it comes to educating consumers on their rights when it comes to debt collections as well as how to effectively work with a collector to take care of financial obligations. The collection industry as a whole is doing its part as well. What can be found on Know My Debt ?

Debt collector 206

Debt collector Collections Education Collections Agency 206

Account Recovery

FEBRUARY 20, 2025

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. I usually wrap my day up working on educational materials to share with others and a to-do list to get me started the following day.

Education 243

Education Collections 243

Account Recovery

JULY 8, 2021

State regulators, including those that specifically regulate collection agencies, have asked the Department of Education to “cease obstructing or discouraging state regulation” by formally taking steps to prove it is serious about not blocking attempts from state regulators to access records needed to investigate student loan servicers (..)

Student Loans 246

Student Loans Student loans Loans Collections Agency 246

Account Recovery

JUNE 3, 2024

The Consumer Financial Protection Bureau on Friday announced it had filed a lawsuit against the Pennsylvania Higher Education Assistance Agency (PHEAA), alleging that PHEAA illegally collected on student loans that had been discharged in bankruptcy and provided false information to credit reporting companies.

Student Loans 147

Student Loans Student loans Loans Collections 147

Account Recovery

FEBRUARY 27, 2025

Why it matters: For the credit and collection industry, the takeaway is that financial vulnerability cuts across a broader demographic than ever. Professionals at debt collection agencies, fintechs, and banks can expect to interact with borrowers who dont fit the typical risk profile yet face the same liquidity crunch.

Collections Agency 130

Collections Agency Collection Agencies Education Loans 130

Fico Collections

MARCH 15, 2021

When we launched FICO’s “Score A Better Future” program in October 2018, our main goal was to continue to expand consumer credit access through financial education. We recently announced our milestone 15th financial education event of this national program and we couldn’t be prouder of how much the program expanded in the last two years.

Education 98

Education Consumer Credit Collections 98

Fico Collections

JULY 21, 2022

Continuous Financial Education for Women Small Business Owners. FICO-hosted panel at NAWBO’s 2022 Advocacy Days discusses how financial education impacts access to capital and business growth for small businesses. To learn more about SABF and to access financial management education resources and tools, visit www.fico.com/sabf.

Education 98

Education Financial services Financial Institution Banks 98

Account Recovery

AUGUST 23, 2023

The Federal Trade Commission on Monday announced it had sued and obtained a temporary restraining order against a number of corporate and individual defendants accused of pretending to be affiliated with the Department of Education so that they could market student loan forgiveness programs that made false promises and collected millions in illegal (..)

Student Loans 246

Student Loans Student loans Loans Education 246

Account Recovery

DECEMBER 1, 2021

Given all the blood, sweat, and tears that went into bringing Regulation F into this world, I would have expected the Consumer Financial Protection Bureau to do something to commemorate the enactment of the debt collection rule yesterday, but it instead chose a more understated approach, opting to take the opportunity to educate consumers about … (..)

Education 246

Education Collections 246

Account Recovery

AUGUST 17, 2022

The Department of Education announced yesterday that it is canceling all the remaining federal student loans for anyone who attended ITT Technical Institute between 2005 and its closure in 2016. This will result in the cancellation of loans for 208,000 individuals who collectively owed $3.9 billion on those outstanding debts.

Loans 246

Loans Student Loans Student loans Education 246

Account Recovery

MARCH 10, 2022

Analyzing complaints that have been filed with the Consumer Financial Protection Bureau and the Better Business Bureau related to Buy Now, Pay Later products, a consumer advocacy organization has published a report showing that “hidden fees, interest and debt collection problems” can harm consumers.

Education 245

Education Collections 245

Account Recovery

OCTOBER 18, 2021

The Department of Education on Friday announced that it has awarded contracts to six different companies that will be responsible for servicing and collecting federal student loans, while also announcing that it has amended the contract terms for those providers to strengthen “standards for performance, transparency, and accountability” (..)

Student Loans 246

Student Loans Student loans Loans Education 246

PDC Flow

APRIL 23, 2025

Medical billing collection is a challenging business. Whether you are a debt collection agency, an extended business office, or the accounts receivable department that manages healthcare collections, many struggles are the same. Bad medical collection practices can damage a healthcare facilitys reputation.

Medical Bills Collections 54

Medical Bills Collections Healthcare Collections Education 54

Account Recovery

MARCH 11, 2025

Why it matters: For professionals in debt collection agencies, debt buying companies, fintechs, banks, credit unions, and consumer finance firms, these findings underscore a growing vulnerability among older borrowers.

Credit Card Debt 130

Credit Card Debt Credit Unions Credit Unions Debt Buying 130

Account Recovery

APRIL 12, 2023

The number of complaints filed with the Consumer Financial Protection Bureau increased by 61% from 2021 to 2022, but that share of those complaints that were related to debt collection dropped by 50%, according to data released as part of a report analyzing the increase in complaints that was released by the U.S.

Collections 130

Collections Education 130

American Profit Recovery

SEPTEMBER 26, 2024

However, we are not just celebrating being in business for two decades, we are applauding our vision come true and how we have built a reputable debt collection agency that has achieved what we set out to do in 2004. We came together because we saw an opportunity to improve just about every area of collections.

Debt collector 247

Debt collector Collections Agency Collection Agencies Education 247

Account Recovery

NOVEMBER 15, 2021

Less than five months after it announced it was exiting the student loan servicing business, the Pennsylvania Higher Education Assistance Agency — more commonly known as PHEAA — disclosed on Thursday that it had reached an agreement with the Education Department to extend its contract for one year to allow more time to transition students (..)

Student Loans 246

Student Loans Student loans Loans Education 246

Account Recovery

SEPTEMBER 21, 2023

The Consumer Financial Protection Bureau has denied a petition from the Pennsylvania Higher Education Assistance Agency to set aside a civll investigative demand into whether the servicer maintained adequate policies and procedures to determine whether loans were dischargeable in bankruptcy and if attempts were made to collect on loans that had been (..)

Student Loans 130

Student Loans Student loans Loans Bankruptcy 130

Account Recovery

DECEMBER 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. While I dont have a specific person in mind, I greatly admire the work and educational resources provided by the ACA.

Debt collector 130

Debt collector Education Collections 130

Account Recovery

OCTOBER 25, 2023

An annual report released yesterday by the Consumer Financial Protection Bureau’s education loan ombudsman notes that three out of every four complaints filed by consumers about student loans had to do with how those loans are being serviced and collected, and references “coercive debt collection practices” related to the collection (..)

Student Loans 130

Student Loans Student loans Loans Collections 130

Nexa Collect

MAY 16, 2021

Did you sponsor higher education for your employee with a commitment to work with you for a few years, but he resigned right after completing the degree? A collection agency can work with your employee professionally and legally to ensure that you get your money back. Need a collection agency? Contact us.

Collections Agency 130

Collections Agency Collection Agencies Collections Debt collector 130

American Profit Recovery

JUNE 28, 2023

There have been many shifts in the debt collection industry over the past several years. And the trends and updates that many in the collection industry have worked hard on, are moving the industry in a positive way. Check out the words that are becoming the “norm” in collections.

Collections 130

Collections Debt collector Collections Agency Collection Agencies 130

Account Recovery

SEPTEMBER 28, 2022

LOS ANGELES, CA (September 27, 2022) – Payscout, a global payment innovation leader with solutions for vertical-specific industries such as Accounts Receivable Management (ARM), Healthcare, Education, and Enterprise merchants with a global presence and complex requirements, is excited to announce an enhanced partnership with Collection Works Software (..)

Accounts Receivables Management 130

Accounts Receivables Management Healthcare Collections Education 130

Account Recovery

OCTOBER 19, 2021

The Department of Education is considering proposals that would give borrowers “new flexibility” like initial grace periods when its moratorium on student loan payments ends on January 31, according to a published report.

Student Loans 245

Student Loans Student loans Loans Education 245

American Profit Recovery

SEPTEMBER 27, 2024

Many of these hurdles come from pre-conceived notions about what it means to have an account sent to collections, or to be contacted by a collection agency. Collection agencies buy debts and can settle for pennies on the dollar At American Profit Recovery, we are not debt buyers.

Debt collector 198

Debt collector Collections Agency Collection Agencies Education 198

Account Recovery

JULY 24, 2024

The American Federation of Teachers (AFT) has filed a lawsuit against the Higher Education Loan Authority of the State of Missouri (MOHELA), accusing the loan servicer of widespread mismanagement and failure to fulfill its responsibilities to student loan borrowers.

Student Loans 130

Student Loans Student loans Loans Education 130

Nexa Collect

FEBRUARY 3, 2022

An average collection agency will recover about 20% of the total debt assigned. Here are the most important factors which decide how much a collection agency will collect for you: 1. Some clients may get a 100% recovery rate, for others it could very well be 0%. Debtors are less likely to pay when they feel threatened.

Collections Agency 130

Collections Agency Collection Agencies Collections Debt collector 130

Account Recovery

DECEMBER 15, 2022

More than one-third of respondents to a survey conducted by the education arm of a financial institution are carrying medical debt, and 82% of those people are having problems paying it off, according to a report highlighting the survey’s findings.

Financial Institution 245

Financial Institution Education Healthcare Collections 245

American Profit Recovery

MARCH 4, 2022

National Consumer Protection Week in 2022 is March 6-12 and is meant to educate everyone about how to improve finances, avoid scams and fraud as well as educate consumers about their rights. Everyone here at American Profit Recovery understands that as a collection agency we need to be as transparent as possible.

Debt collector 205

Debt collector Collections Agency Collection Agencies Education 205

True Accord

FEBRUARY 11, 2025

Keeping up with compliance in the debt collection industry can be a challengeespecially as artificial intelligence, machine learning, and other advanced technologies sweep through both the business and consumer sectors. TrueAccord is a licensed, bonded, and insured collection agency in all jurisdictions where we collect.

Collections 64

Collections Acquisition Fair Debt Collection Government 64

Consumer Finance

MAY 30, 2024

The CFPB sued student loan servicer Pennsylvania Higher Education Assistance Agency for illegally collecting on student loans that have been discharged in bankruptcy and sending false information about consumers to credit reporting companies.

Student Loans 145

Student Loans Student loans Loans Bankruptcy 145

PDC Flow

FEBRUARY 27, 2025

The debt collection process can be tricky. Collection agencies must follow regulations strictlyor youll find your business in jeopardy. Compliance can be even harder when scammers actively try to disrupt your debt collection practices through call baiting. First, What is Call Baiting? But what are they baiting the agent to do?

Collections 52

Collections Debt collector Debtor Fair Debt Collection 52

Account Recovery

SEPTEMBER 26, 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. Tessa has the distinction of working with Fox Collection first as a client before going to work for, and now running the company.

Collections 130

Collections Healthcare Education 130

True Accord

JANUARY 21, 2025

We are entering a year of unknowns across the board, from potential regulatory changes to economic fluctuations to varying consumer sentiments, and theres a lot to consider as it relates to debt collection in 2025. and was broad-based across income and education groups. What Does This Mean for Debt Collection? from 13.2%

Student Loans 100

Student Loans Student loans Credit Card Debt Financial Institution 100