"Thanks Frank. My position is simply to clarify what kind of questions we as collection industry members should be asking the regulatory and listing bodies, along with our clients who are involved in scoring and reporting with us."
"Whose choice should it be if not ours collectively? I mean all the agencies I listed above are the decision makers and policy setters not just solely any one party or our government regulators - they take their lead and information from us.…"
"The caveat here is that paid/settled in full claims usually affect a person's credit to a greater degree than if they filed bankruptcy. The FTC, scoring agencies, credit bureau companies, and us are all remiss in not allowing more leeway…"
"Mark, I concur with Al Dias - great information. The findlaw.com link was especially pertinent to my needs this morning. We have another situation wherein the legal entity changed officers and allegedly sold the business, but they have…"
"Different strokes different folks, Dan. But old sayings are usually old and well used, because they are either funny or true.
"You can catch more flies with honey than vinegar."
Employing an escalation strategy is an acceptable method in…"
"There is also relatively new wording in the FCRA and with the bureaus requiring something akin to a "Compliance Officer" position whose job function is deal with the disputes, removals, thirty day window backup request, etc.
"You'll need accounts with the bureaus to list as a collection agency. You will then be given access to a software program (like Metro 2 if your collections software isn't intregrated) allowing you to answer disputes in a timely manner,…"