Perhaps inspired by David Letterman’s longstanding “Top Ten List,” a British firm recently compiled a list of common excuses offered by businesses for late and non-payments. The information is a distillation of statistics from a related survey and has enjoyed viral fame since being published on September 19. As one journalist pointed out, the content…
Fans of the “insane” legendary magazine harpooning everyone and everything in America will certainly recognize the quote in the title. While the publication’s mascot may carry a devil-may-care attitude, the concept of the Internal Revenue Service outsourcing collection efforts to private debt collection agencies may send chills up the spine of anyone who has encountered difficulty…
It’s 5:00 AM, Tuesday and the operations manager of a small credit union is clutching her mug of coffee while reviewing Google News. Much to her chagrin, a headline with her company’s name is among those in the local news section: “Acme Credit Union Sued for $30 M Over Debt Collection Mistakes.” Assessing potential vulnerabilities,…