Posts Tagged ‘commercial collection’

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Advanta Credit Card Scam

In: Finance

18 Jul 2010

I sit at my desk completely frustrated with Advanta. I opened up a business credit card with them 3 years ago and made a purchase of $6500 to help build my business credit for Rapid Recovery Solution, my Collection Agency. I have paid more then the minimum every month, on time. Three months ago I noticed that my interest rate seemed a little high. No where on my statement did it say the actual interest rate so I called the company. After 10 min or so I get a live rep on the line and they tell me it is 36.1%. Are they kidding, this must be a mistake. I have over a 750 score and never missed a payment. They said they sent me a notice in Aug that they are doing this due to a change in there lending methods. It turns out this is the second time this year they did this. I went from 8.99% in Jan 08 to 18.99 in Feb 08 to 36.1% in Aug 08.

How Long Will A Negative Mark Stay On Your Credit Score? Part One

In: Reference & Education

16 Jul 2010

Your credit score. It could be your worst nightmare, or a dream come true. But most of the time it’s kind of like that nosy mother in law coming to stay at your house for a few days. You know that she is coming to stay, and you are not looking forward to it, but you are too nervous to ask or even consider how long she might be paying you that visit. OK, so that analogy wasn’t that great. But anyway, read on to see just how long negative marks will stay on your credit history.

When You Owe Too Much Money And Just Can’t Pay

In: Personal Finance

21 Jun 2010

Debt can be an exhausting problem that weighs you down and affects your personal life greatly. But what if you have exhausted all of your resources and still can’t free up enough money to start repaying your debts in a big way? You still have choices. Perhaps it is time to think about the big things in your life- private schools, your house, and your cars. Are these things truly a necessity? Another option you have is to go through your house and your things and see if there is anything of value to sell. You can go after more money at your current job, or by taking on a second one. And there are still other alternatives yet. Credit counseling and bankruptcy are always available, but you are not there yet, so for now, take a deep breath and determine what you can accomplish on your own.

Medical Debt Relief Act Evens Things Out….Sort Of

In: Health & Fitness

14 Jun 2010

From 1999 to 2009, premium costs for family insurance have risen by one hundred and thirty one percent. Easily, that’s over three times the rate at which working wages rose during this time. In this time of economic hardship, millions of jobs have been lost, putting workers who just lost their jobs at risk of also living without health insurance. For those who remain employed, employers are pushing more of the costs of health insurance onto their workers as they struggle with economic uncertainty. Then there are blue collar and retail workers, waitresses and the like who are paid less, work harder and are not offered health insurance plans at their jobs. No wonder that Americans are struggling to pay their medical bills.

Medical Collection Firms Help Software Developers Sell Product

In: Health & Fitness

5 Jun 2010

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).

Scranton Taxpayers May Have Received Collection Letters That They Might Not Have Deserved

In: Business

1 Jun 2010

More than 200 Scranton taxpayers may have gotten a letter from a debt collection company that they did not deserve. The notices are for unpaid garbage fees that may have actually been paid. According to officials, the garbage bill itself for 2009 could be to blame for more than 200 collection notices sent to city taxpayers in error last week.

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.

Collection Industry On The Brink Of Change

In: Business

15 Apr 2010

The collections industry has grown massively in the last couple of years. The reason for this is that collections and recoveries are mostly outsourced business functions. It would be impossible for a creditor to handle retrieving debt from all of their accounts, so the creditors call the collections agencies.

Collection Industry Is Going After Young Adults

In: Finance

12 Apr 2010

The most current analysis of the American economy shows that incomes are decreasing for those just begining. The Collections Industry has reason to believe that this paradigm shift will be permanent.

All About Bankruptcy Court

In: Business

5 Mar 2010

Basically, bankruptcy cases can be voluntary or involuntary. The overwhelming majority of cases will be voluntary. In these, debtors (the people who owe money) petition the bankruptcy court. With involuntary bankruptcy creditors (the people who you money to) file the petition in bankruptcy. Involuntary petitions are usually rare and are sometimes utilized in business settings in order to force a company into bankruptcy so the creditors can enforce their rights.


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