May 2010 Blog Posts (30)

FTC Delays Red Flags Rule (Again)

*Support from Regal Technologies*


Much like the Energizer Bunny, it's the extension that just keeps on going.



Slated to be enforced on June 1, the Federal Trade Commission has pushed back its Red Flags Rule deadline to Dec. 31, 2010, while Congress contemplates legislation that "would affect the scope of entities covered… Continue

Added by Accounts Recovery on May 28, 2010 at 10:00am — 1 Comment

DANTOM Systems Enters the Tech Lock Certified™ Program

For Immediate Release…

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Added by Heather Taylor on May 28, 2010 at 9:59am — No Comments

Facebook Collection Scandal, Take 2

*Support from Regal Technologies*


First it was the collector posing as an attractive woman on Facebook, luring delinquents into accepting “her” friendship. And now, it’s the shirtless man friending debtors in hopes of getting their whereabouts.



The Age reports that ANZ’s Melbourne,… Continue

Added by Accounts Recovery on May 26, 2010 at 4:30pm — 2 Comments

TCN Releases “True Blended” Agent Gateway and Predictive Dialing

St. George, UT – TCN is pleased to announce the release of its True Blended call technology. Building upon TCN’s innovative customizable outbound predictive dialer and

agent gateway, TCN has now added an inbound component. Together, these outbound

and inbound call technologies provide TCN clients with truly blended…

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Added by Nate on May 26, 2010 at 1:27pm — No Comments

To Catch a Consumer

*Support from Regal Technologies*


While on a repo story treasure hunt for one of our print publications, I came across a couple of collection-related gems.


For one, the success rate of repos used to be higher years ago, as people were less mobile, according to Les McCook at American Recovery Association, Inc. Now add a recession into the equation, and you've got everyone everywhere. Why? People are going where…
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Added by Accounts Recovery on May 25, 2010 at 4:00pm — 2 Comments

Online Banking, Payments Outpace Growth of Internet

The banking sector is seeing some interesting trends with online payments. We've found that accepting online payments in Collections can significantly increase payment volume and debtor trust.…


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Added by Justin Savage on May 25, 2010 at 3:00pm — No Comments

Debt Collection Leads for sell at low price

Hi i have debt collection lead for bucket 1,2 and 3, any one interested pm me or add me up on skype: samar_patel

Thanks.

Added by samar on May 24, 2010 at 4:27pm — No Comments

Need Input / Feedback - Early Out and Bad Debt Blended Rates

Can anyone share what trends they are seeing for blended rates for healthcare clients placing both Early Out and Bad Debt with the same vendor? What range is the rate falling in – single digits, low double digits? Anyone willing to share what rates they’re currently offering for healthcare clients placing $1M or more a month in an early out program, while also handling the same clients’ bad debt?

Added by David Phelps on May 24, 2010 at 10:03am — No Comments

Are You Familiar with the New York State Consumer Credit Fairness Act?

Is anyone familiar with a bill before the NYS senate called the CONSUMER CREDIT FAIRNESS ACT? I understand that, when enacted, it will change the face of collections and civil litigation in NYS.

The law would limit the statute of limitations to three years, require a copy of a signed contract be attached to any consumer civil litigation, require court verification of service prior to issuance of a default judgment, etc.

A…

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Added by PATRICK INGEGNO on May 21, 2010 at 10:50am — No Comments

Commercial Risk Scores Up 1.8%, Reports Experian

*Support from Regal Technologies*


The national average commercial risk score is up by 1.8% since 2010's beginning, according to Experian’s Business Benchmark April report.



Two other interesting nuggets from the monthly report that assesses the health of U.S. businesses include:



- Midsize businesses ( 100- to 249-employee… Continue

Added by Accounts Recovery on May 20, 2010 at 10:00am — No Comments

Reporter's Notebook

*Support from Regal Technologies*




Customer Services vs. Security



“Enterprises must balance security and customer satisfaction with costs,” said Dan Elvester, director of business at Experian, at last week’s VoiceBiometrics conference in New Jersey.



His suggestion? Couple… Continue

Added by Accounts Recovery on May 17, 2010 at 4:00pm — No Comments

American Profit Recovery on Hiring Collectors

Finding a good collector is much like hunting for treasure: You never know if you will find a gem. So to discover how one collection agency sources and retains talent, The Source recently spoke with American Profit Recovery’s Jeff DiMatteo, a partner, and Michelle Riviello, who heads up human resources. Below are highlights from the conversation with the Marlborough, Mass.-based agency.



The Source: What are some traits you… Continue

Added by Accounts Recovery on May 17, 2010 at 4:00pm — No Comments

ARM Members Launch IT Efforts to Improve Collector Turnover Rates, Training

Among the glut of afflictions costing the collection and credit industry, a major expense is coming from within: high collector turnover rates.



With attrition running “upwards of 60% and 70% at many agencies,” agencies are forced to cough up the dough, says Chris Bracken, chief executive of Atlanta, Ga.-based CallME! Staffing. Indeed, turnover costs companies $4,284 per agent on average, according to December research from staffing… Continue

Added by Accounts Recovery on May 17, 2010 at 4:00pm — 1 Comment

HSBC Accounts for Sale ... Let's Work a Deal

H.S.B.C. ACCOUNTS.05-07 CHARGE OFF, 2 AGENCY,2993 ACCOUNTS, AVERAGE BALANCE $810, PRINCIPLE BALANCE $2,425,965.09 EMAIL ME AT president@walkerandcompanyinc.net OR CALL (716) 605-4496. SRO!!

Added by LAMONT WALKER on May 14, 2010 at 7:00pm — No Comments

Advanced People Search: MicroBilt Launches New Collection Product - Brings Back 25¢ People Search

Advanced People Search

MicroBilt Launches New Collection Product…

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Added by Karen Umpierre on May 14, 2010 at 4:00pm — No Comments

Roundup of New Skiptrace Technology Updates

*Support from Regal Technologies*


In the last couple of weeks, there’s been some skiptracing announcement action from a myriad of providers. Here’s the rundown of the latest and greatest enhancements from three different vendors:





MicroBilt enhances “People Search”…



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Added by Accounts Recovery on May 14, 2010 at 11:30am — 1 Comment

Up Up and Away: Wireless-Only Households Grows

*Support from Regal Technologies*


The calling debtors' landlines game is not getting easier, as the percentage of cellphone-only households continues to trend up.



Indeed, roughly a quarter of households have foregone landlines for cellphones, reported the National Center for Health Statistics, part of the Centers for Disease Control and… Continue

Added by Accounts Recovery on May 14, 2010 at 10:30am — 1 Comment

ACA Solicits Support to Defeat FCC's TCPA Proposal

*Support from Regal Technologies*


Yesterday, ACA International circulated a letter to its members, requesting they fight the Federal Communications Commission's recent proposals to the TCPA, because if enacted, collection calls would become more onerous. (Read background on this issue… Continue

Added by Accounts Recovery on May 13, 2010 at 10:00am — No Comments

DANTOM Systems Completes SAS 70 Type II Audit

Wixom, Mich., (May 13, 2010) – DANTOM…

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Added by Heather Taylor on May 13, 2010 at 9:07am — No Comments

Kicking a** and taking names

Just settled a case for $95k. Nothing like a lis pendent for leverage.

Added by Ron Chow on May 12, 2010 at 3:01pm — No Comments

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