Collection Recon

Debt Relief Company CareOne Earns ‘A’ Rating from BBB

Posted on 31. May, 2011 by Collections Recon.

The Better Business Bureau of Greater Maryland has added CareOne Services, Inc.’s debt settlement program to its Type of Business (TOB) roster. CareOne carries an ‘A’ rating from BBB.

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Experian Announces Clone My Customer Service Designed to Help Small Businesses Better Prospect for New Customers

Posted on 31. May, 2011 by Collections Recon.

NEW YORK, May 25, 2011 /PRNewswire/ — Experian®, a leading provider of data, analytics and marketing services, today announced the availability of a new marketing service for small businesses. The clone my customer tool helps small businesses find new sales leads who look like their current customers but don’t yet buy from them. This advanced analytical cloning process, which has been packaged specifically for small businesses, is easy to use and delivers highly targeted customer leads. The new service is user-friendly and available online.

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FTC Settlements Puts Debt Relief Operations Out of Business

Posted on 31. May, 2011 by Collections Recon.

Defendants Used Robocalls to Sell Bogus Plans to Lower Credit Card Interest Rates

The FTC has settled two actions that charged marketers with deceptively claiming they could reduce consumers’ credit card interest rates. Both operations allegedly made deceptive telemarketing calls, called consumers on the Do Not Call Registry, and used illegal robocalls. The settlements will ban all of the defendants from selling debt relief services.

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ACA Announces ISO 27001:2005 Consulting Service Endorsement

Posted on 31. May, 2011 by Collections Recon.

With clients placing more demands on their collection agencies to maintain stringent data security standards, more ACA International members are pursuing ISO 27001:2005 audits.

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Bill blocking some FEMA debt collection advances

Posted on 26. May, 2011 by Collections Recon.

Legislation aimed at stopping the government from asking disaster victims to pay back millions of dollars in improper aid payments has received committee approval and been sent to the Senate.

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How Telemarketers and Debt Collectors Obtain Your Mobile Phone Number

Posted on 26. May, 2011 by Collections Recon.

Landline usage is dropping by over 10 percent per year as more and more individuals are moving to the exclusive use of their mobile phones as their primary means of communication.

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Auto lenders financing more subprime consumers in Q1, according to Experian Automotive

Posted on 26. May, 2011 by Collections Recon.

Experian Automotive today announced findings from its quarterly analysis of the automotive credit industry. The latest report shows that the share of loans to credit-challenged new vehicle shoppers grew by 11.1 percent in Q1 2011 compared with Q1 2010. Share of loans to nonprime customers rose from 9.81 percent in Q1 2010 to 10.57 percent in Q1 2011. For subprime customers, share of loans jumped from 5.68 percent to 6.16 percent, while share of loans to deep-subprime customers rose from 1.38 percent to 2.00 percent.

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BillingTree exceeds growth targets: achieves 24 percent quarter-over-quarter growth in Q1

Posted on 26. May, 2011 by Collections Recon.

BillingTree, one of the nation’s leading ondemand
payment processors, today announced quarter-over-quarter company growth of 24 percent during Q1 of 2011. This equates to 33 percent growth year-over-year, ahead of the 20 percent growth projected by
the company at the end of 2010.

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NCO Healthcare Services Receives HFMA Peer Review Designation

Posted on 25. May, 2011 by Collections Recon.

The Healthcare Financial Management Association (HFMA) recently reviewed the NCO Healthcare Services using the Peer Review Process. After undergoing the rigorous review, Eligibility Patient Advocacy Liaison Services (EPALS), Extended Office Services (EOS) and Bad Debt and Legal Recovery Services from NCO Healthcare Services have been granted the “Peer Reviewed by HFMA®” designation.

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U.S. District Court Says Consumer Can’t Be Forced into AT&T Arbitration

Posted on 25. May, 2011 by Collections Recon.

On the heels of the Supreme Court’s decision in AT&T Mobility v. Concepcion, a U.S. District Court has ruled that a consumer can’t be forced into arbitration by a debt collection agency trying to collect monies owed by AT&T.

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