A few popular clichés resonate in the business world as well as the personal space: “there are plenty of fish in the sea,” “leave no stone unturned” or “sometimes you have to kiss a lot of frogs before you find your prince.” Those words of wisdom are great if one has a lifetime to spare,…
In an act of debt collections role reversal, two homeowners exercised their rights as property owners by ordering a levy on their banks to recover legal fees. Yes, that’s correct. For the residents, it wasn’t Bank of America or Wells Fargo who would be collecting on them — despite repeated attempts by those institutions —…
Considering the broad spectrum of applicable government agencies, associations and regulations, doing business in the collections industry can be overwhelming. In this complicated landscape, knowledge is power while a familiarity with the various terms and organizations provides a competitive advantage for collections managers. Below are some of the most common agencies, associations and acts that…
Some people would do almost anything to get out of debt. Among those caught in the trap are student loan borrowers willing to engage in outrageous behavior. A June 2016 survey of 500 graduate students by Student Loan Report reveals some disturbing (albeit dubious) results given the propensity of sharp-minded youth to be flippant.
[vc_row][vc_column][vc_column_text]The most recent data shows that the American public is warming up to the debt collections industry. Statistics from the Council of Better Business Bureaus place debt collectors among the top industries in terms of inquiries and complaints settled in 2015. The positive numbers have been trending consistently since 2010.
Selecting a debt collections agency for your business can be a job in itself. Since 1939, ACA International has been establishing ethical standards and educating both credit and collection professionals as well as businesses, policymakers and consumers on the most up-to-date debt collection compliance standards.
Ever been stiffed? Few things make your blood boil that hot, and we’ve all been there. You know how it unfolds. This fall you’ll close a customer’s pool when they’re not home, and they won’t pay you. Or you’ll finish building a pool on time so your client can have a big party – and…
Public health officials attribute our modern quality of life to three things: better vaccines, better sanitation and better pest control. When Americans’ fear of bugs ranks third after public speaking and heights, and when 93% of Americans worry about the bugs in their home, there’s no question that the massive market you serve really wants…
For Immediate Release PETALUMA, CA. (June 9, 2015) – Optio Solutions, one of the only collection agencies in the country that is both PPMS and Tech Lock certified, will expand its capacity to meet the growing demand for its effective collections solutions by opening a new office in Fargo, North Dakota. The Fargo office will be…
For Immediate Release PETALUMA, CA. (May 28, 2015) – Employees at Optio Solutions, a fast-growing collection agency, and CrossCheck, came together and made contributions to the Loomer-Mortenson Scholarship annually awarded to four worthy students by the Association of Credit and Collection Professionals’ Education Fund. The non-profit Fund offers the scholarship to students affiliated with the Association and its member…