The Essentials Of Debt Collection Part Three

In parts one and two in this set of articles on the very basics of debt collection, I spoke about the differences between an in house collector and a third party collection agent. I let you know about the different types of ways that debt collectors will locate the debtors, and described a number of statements that the debt collector must say before they can proceed in their attempt to collect debt from you.

Collection Agencies In The Recession

Collection agencies, much like other businesses are not exempt in today’s recession. Starting last year, they began to suffer from declining liquidation performance, staffing cuts, and increased placements.

Tactics For Collection: When Consumers Don’t Pay

Companies generally succeed when they create relationships with their clients that are founded on trust. However sometimes customers do fall behind in payments to purchase goods or services that they have received. There are a few ways to address this issue.

Two Powerful Prosecutors Go After Debt Collection Agencies

In recent news it was revealed that powerful prosecutors in Louisiana and Washington made announcements of actions they had obtained against debt collection agencies and their owners and managers.

Bad Debt- Get The Monkey Off Your Back

Bad debt can be likened to a monkey on your back. It is always on your mind, and sometimes the stress associated with it can be crippling. You may be able to take solace in the fact that you are not alone. There are thousands of people just like you in the United States that are going through the exact problems.

Irish “Bill Collection Agency” Uses Unusual Tactics To Retrieve Debt

And you thought your bill collector was bad. In recent news it has been revealed that a gangland boss in Ireland has taken on a new career – debt collection. This criminal mastermind has been associated with twelve deaths; a threat even more serious than a collections letter.

Super Bowl Scams Come Out Of The Woodwork

Be diligent if you are attempting to buy tickets to Colts-Saints game. Con-men love to take advantage of the fans. Travel scams in all types of sizes and shapes come out of the woodwork whenever there is a landmark sporting event.