Article Distribution
In the first two articles I wrote about what a collections account was, how sending delinquent accounts out to an agency profits a creditor, and the act of a third party collection agency buying old debt from a creditor.
Even though the economy is suffering, and many of you are in debt, there is no reason that you cannot throw a really great Super Bowl Party.
In: Health & Fitness
19 Jul 2010A debt collection agency founded in California started a scheme to motivate and educate employees to live healthier lifestyles in early January. There are twenty eight employees at the agency; more than half are currently participating in the implementation.
In: Finance
19 Jul 2010Recent research by RealtyTrac Year-End 2009 Foreclosure Market Report reveals that 3,957,643 foreclosure filings were reported on 2,824,674 U.S. properties in 2009. This includes scheduled foreclosure auctions, default notices and bank repossessions.
In: Personal Finance
6 Jul 2010Are you new to the stock market game? Not a problem! This series of articles on mutual funds will make it easy for you to understand what a mutual fund is, what it is all about and whether it is worth your while to invest in one. My first three articles are titled “Mutual Funds For Beginners” and they lay down the basics.
iVolution Medical Systems, a West Hampton, NY-operated health care systems firm, is taking a altered approach. The four-year-old company, started by former Wall Street consultants to the health care industry, entered the medical receivables space by acquiring knowledgeable billing and collections companies. First there was Professional Health care Billing Services (PHB) of Palm Springs, California in March, and then Continental Collection Services of New York, earlier this month (iVolution Medical Systems Acquires Continental Collection Services, May 13).
The Massachusetts Supreme Judicial Court released last week that it has altered some of the rules governing the use of small claims courts. The Court said that the changes were created specifically to address the number of debt collection cases that are filed in small claims courts.
U.S. Bankruptcy Code imposes something called an automatic stay the moment that a petition for bankruptcy is filed. The automatic stay will usually halt the commencement, enforcement or appeal of actions and judgments against a debtor from the creditors they owe money to that are attempting to collect these debts incurred prior to the bankruptcy petition. In addition, the automatic stay protects property of the bankruptcy estate itself from collection actions and proceedings.
It can be incredibly frustrating for a business owner when they have provided services or merchandise and their clients are simply not paying. When letters, phone calls and e-mails have not done the trick, it may be time to take a different course of action. A debt recovery specialist can help a business get the money they are owed without the hassle of chasing down their clients themselves.
Debt collectors, or bill and account collectors’ main task is to try to collect payment on overdue bills. Most bill collectors are hired out by third party collection agencies. The creditor, or the company or business that is owed the debt, will often employ outside of the company; especially if their accounts receivable department is small.