Collection Industry On The Brink Of Change

The collections industry has grown so huge in the last couple of years. The reason for this is that collections and recoveries are usually outsourced business functions. It would be unfathomable for a creditor to handle retrieving debt from all of their accounts, so the creditors call the collections agencies.

The Pros and Cons Of Bankruptcy

Bankruptcy may be seen as a quick fix solution to financial problems. However, the effects of bankruptcy are long term and can impair your ability to obtain a job, domicile, and any type of credit. It is important to weigh the pros and the cons of filing bankruptcy before making a conclusion.

Medical Providers Cut Back On Collection With Credit Cards

It was revealed in recent news that in Michigan at some doctor’s offices, patients will need to present and use their credit cards before they can obtain any medical care. An internet based medical payment program that is fairly new allows medical providers to secure a credit card before medical help will be provided.

Debt Collection Agencies Explore Work At Home Opportunities

Despite the fact that it is always a good idea to hire more workers to add to your ranks, sustaining a good relationship with the best employees in a collections agency is crucial. It has become a recent trend that tenured collectors are now requesting to work at home.

Bill Collection Scam Artist Cons Buyers Big Time

Recently, a man who ran a debt buying company in Florida was sentenced to six years of federal prison time for the crime of selling debt portfolios that he did not own. Steven Goldberg, of Golberg and Associates in Boca Raton, took the heat from the DistrAuthorities say that Goldberg would give falsified files and fake evidence that he owned the files. As a slap in the face, Goldberg also sent buyers bogus transaction numbers and other fake financial information. All in all, debt buyers were taken for more than $3.3 million. Investigative reports show that many well-respected accounts receivable management companies were swindled.

Scranton Taxpayers May Have Received Collection Letters That They Might Not Have Deserved

More than 200 Scranton taxpayers may have gotten a letter from a debt collection company that they did not deserve. The notices are for unpaid garbage fees that may have actually been paid. According to officials, the garbage bill itself for 2009 could be to blame for more than 200 collection notices sent to city taxpayers in error last week.

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