Posts Tagged ‘collection service’

Three Sure Fire Ways To Get Paid On A Past Due Account.

In: Business

5 Jun 2010

No matter what you do to try and weed out potential deadbeat customers, sooner or later one or more accounts will become past due. When you find yourself with a past due account on your hands, the worst thing you can do is ignore the problem. The more time that passes between the payment due date and the time that the customer is contacted, the less likely you are to receive the full payment. After 6 months, you statistically collect just 50% of the amount due and after a year that amount drops to only 25% of the original debt. If you are serious about turning a profit, there are three ways to handle the collection on past due accounts; in house efforts, hiring a collection agency, or taking legal action.

Cali Collection Company Attempts To Get Healthy And Fit

In: Business

16 May 2010

A collection agency based in California produced a plot 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 initiative.

Knoxville Police Department Attempts To Collect On Unpaid Tix Pt 2

In: Finance

24 Apr 2010

“You will observe multiple violations at the same intersection, so they are driving the same route every day.” Lasercraft, the red light system is paid a percentage of the fines collected to operate. Lasercraft gets paid eighty percent of the fees up to $4,500 per month and the city receives the twenty percent that remained. Above $4,5000, monthly collections are split evenly between the city and Lasercraft. The city’s share goes to the city’s general fund, it does not go to the Police Department.

You Foreclosed Your House And You Think You’re Off The Hook- Think Again

In: Mortgage

17 Apr 2010

It is hard to believe that people who have taken out mortgages become best friends with their mortgage lenders. Mortgage lenders raise rates as they please, and then, when they don’t receive that payment, they will take away your place of residence. Today, this is a disturbing trend that results in American homeowners either underwater or renting an apartment. And now, banks are attempting to get their money back from the foreclosure sale.

A Crime On The Rise: Credit Card Skimming

In: Finance

17 Apr 2010

Identity theft is an illegal activity that is growing faster than any other type of crime in America today. The Federal Trade Commission predicts that one in every ten people will fall victim to identity theft this year. One form of this crime is known as credit card skimming. This is a way for identity thieves to get your credit card information and keep it on a storage device to be utilized later for fraudulent purposes.

Latest Report Reveals Bleak News About Foreclosure Rates

In: Business

17 Apr 2010

According to the RealtyTrac Year-End 2009 Foreclosure Market Report, 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.

Spanish Debt Collection Agency Humiliates Debtors Into Paying Up

In: Finance

2 Mar 2010

Would you be embarrassed if someone in atop hat and tuxedo followed you into a restaurant and silently joined your lunch date? How about a trio of men with more to love dressed like superheroes asking your neighbors for donations to assist you in your financial situation?

Commercial Collection Agencies Are Not Created Equal

In: Finance

26 May 2009

Many businesses right now are feeling the pain of unpaid invoices. In addition, when such a scenario occurs, it is vital that you have a reliable company to turn to. When a company continues to try to collect from their nonpaying clients it normally results in a right off. The bottom-line is that the squeaky wheel gets the oil and thats why they need to turn to a reputable collection agency.

Not All Commercial Collection Agencies Are Created Equal

In: Finance

24 May 2009

Many businesses right now are feeling the pain of unpaid invoices. In addition, when such a scenario occurs, it is imperative that you have a reliable company to turn to. When a company continues to try to collect from their nonpaying clients it normally results in a right off. The bottom-line is that the squeaky wheel gets the oil and thats why they need to turn to a reputable collection agency.


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