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At FIRMS we realize that some of our potential clients have never worked with a debt collection company before. We have found a very insightful and helpful article written by Credit.com that will help guide you through the process and some tips to consider when making your choice. When to hire a collection agency. Most companies send accounts to a collection agency when they are between 90 and 120 days past due.
Under the federal Fair Debt Collection Practice Act, a debt collector generally is a person or a company that regularly collects debts owed to others, usually when those debts are past-due. Debt collectors include collection agencies or lawyers who collect debts as part of their business. There are also companies that buy past-due debts from creditors or other businesses and then try to collect them.
Congress enacted § 1328(f) of the Bankruptcy Code when its passed BAPCPA. This section prohibits the granting of a chapter 13 discharge if the debtor received a chapter 7 discharge within four years prior to the commencement of his chapter 13 case. The Ninth Circuit in In the Matter of Blendheim , 803 F.3d 477 (9 th Cir. 2015) held a chapter 20 debtor may in his chapter 13 case avoid a lien under § 506(d) even if § 1328(f) precludes him from receiving a discharge.
High-volume Denver bankruptcy law firm Heupel Law has closed it doors. As of 7 March 2016,the website for Heupel Law, [link] was offline. Before going offline, the website bore the following message: Heupel Law currently ceased operations as of February 28, 2016. At this time, it is unclear if and when the firm may reopen. Calling Heupel Law will result in a voicemail suggesting that you email Questions@HeupelLaw.com for information on transferring your case.
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
At FIRMS we take great pride in our customer satisfaction. We originally got started in the debt collection industry because we knew that FIRMS would make an impact on the debt collection industry in a very crucial way. We knew we would work harder and smarter than any one of our competitors. . Let me ask you a question. How is your current debt collection company working for you?
In the budget the Obama administration has just sent to Congress there are some benefits for students who will face massive tax bills when their student loans might be forgiven under income based programs. As it stands now, students are enrolling in income driven repayment programs to reduce their current monthly payments to a level based on their income.
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Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
In the budget the Obama administration has just sent to Congress there are some benefits for students who will face massive tax bills when their student loans might be forgiven under income based programs. As it stands now, students are enrolling in income driven repayment programs to reduce their current monthly payments to a level based on their income.
As one of the top leading debt collection agencies in the industry, FIRMS makes it a practice to contact a portion of our clients from time to time in order to find out some of the problems they had faced in the past with other debt collection agencies and how FIRMS can perform at a higher level to meet our customers needs and wants. Recently we contacted a relatively new client to the FIRMS family of clients and called Rood and Riddle Equine Hospital in Lexington, Kentucky.
I have always had the type of personality and spirit about em that i want to help people. I can always remember seeing a product out there or a service offered and almost immediately being able to recognize various ways I could improve on those products and services. The same is true of the debt collection industry. I had never given the debt collection industry much thought but once I had started doing some investigating into the industry I quickly realized all the ways I could improve upon
Three Reasons Why Women Struggle With Debt Collectors We’ve heard from thousands of people struggling to resolve collection accounts, and debt collection
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
Recently BuzzFeed ran an article with one of its editors in which she set out to save money over the course of two weeks by only using cash to pay for her necessities and to put her credit card away. During the first week she set a budget of under $60. This included buying food, going out for entertainment, and fun activities like going to get drinks with friends. .
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