Earlier this week, TransUnion published an article forecasting higher 2017 delinquency rates for auto loans that will pose greater challenges for auto debt collections. The expected delinquencies are “still far below recession levels,” but auto lenders will be well served by an organized collection effort that allows them to remain in front of the expected…
Details
A report by the Institute for College Access & Success (TICAS) suggests student loan debt is a growing problem for graduates as well as academic institutions and lenders. “Student Debt and the Class of 2015,” an eleventh-annual report, was published on October 18, 2016 with statistical analysis about recent graduates. The 24-page study finds “wide…
Details
In late July, the Consumer Financial Protection Bureau (CFPB) released an outline of its proposal to tighten up the highly regulated debt collection industry. These recommendations are mostly targeted at the debt buying industry where debt can be bought and sold many times over, thus moving it further and further away from the original debt…
Details
In the dark ages of debt collections, some agencies had to be pulled kicking and screaming from the depths of questionable business practices. Things have changed. The face of the modern agency now reflects a commitment to debt collection compliance with all state and federal regulations. It has taken enormous resources to reach the current…
Details
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,…
DetailsPosted by Andrew Donahey on Wed, Feb 08, 2012 Optio Solutions’ Linda Michieli and Christy Davies are exhibiting and speaking at the Society for Pain Practice Management’s Pain Management Billing & Practice Management Course on March 1st-4th, 2012 Las Vegas, Nevada. Linda will hold down the exhibit fort and be our on-site social media maven,…
Details