Collection Recon

Freedom Debt Relief Quarterly Comment: U.S. Economic Recovery Continues

Posted on 14. Apr, 2011 by Collections Recon.

The picture of the ongoing financial recovery in the United States, as painted by economic data, continues to brighten, according to the Freedom Debt Relief Quarterly Comment on consumer debt and credit issues.

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TransUnion Announces Exchange Offer for 11 3/8% Senior Notes Due 2018

Posted on 23. Mar, 2011 by Collections Recon.

CHICAGO, IL–(Marketwire – March 21, 2011) – TransUnion Corp., a global leader in credit and information management services, announced today that its subsidiaries, Trans Union LLC and TransUnion Financing Corporation, have commenced an exchange offer for their outstanding unregistered 11 3/8% Senior Notes due 2018, Series A. These notes were originally issued on June 15, 2010, in a private placement exempt from the registration requirements of the Securities Act of 1933, in an aggregate principal amount of $645 million. Holders of these notes may exchange them for an equal principal amount of a new issue of 11 3/8% Senior Notes due 2018, Series B pursuant to an effective registration statement on Form S-4 filed with the Securities and Exchange Commission. Terms of the new notes are substantially identical to those of the original notes, except that the transfer restrictions and registration rights relating to the original notes do not apply to the new notes.

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Equifax Mobile App Provides Users Free Access to Credit and Fraud Data

Posted on 24. Jan, 2011 by Collections Recon.

Equifax app features real-time access to credit file information and soon credit scores

ATLANTA, Jan. 24, 2011 /PRNewswire/ –Equifax EFX today announced that the latest version of its Equifax Mobile app is available for download on iPad™, iPhone® and iPod touch®. The updated app now includes Equifax Places enabling users to use their GPS location to see credit and fraud averages by zip code, anywhere in the United States. Coming in February, Equifax Mobile app users will be able to access their credit scores. Equifax monitoring product subscribers can also protect the power of their credit and identity on-the-go with real-time access to their credit file, including the ability to lock and unlock their Equifax Credit Report™.

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Anytime Collect Certified by Leading Independent Application Testing Service Provider

Posted on 20. Jan, 2011 by Collections Recon.

e2b software, a business application developer based in Chardon, Ohio, announced today that its Anytime Collect management software has been independently certified by VeriTest, an independent application testing service provided by Lionbridge.

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ACA International Reminds Consumers to Check Credit Report Annually

Posted on 12. Jan, 2011 by Collections Recon.

MINNEAPOLIS — ACA International, the Association of Credit and Collection professionals, encourages consumers to check their credit report for accuracy at least once per year to identify and correct errors, and spot signs of identity theft.

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Bankcards Leading Way for New Credit Trend According to Equifax

Posted on 29. Dec, 2010 by Collections Recon.

Delinquency Rates Lower for All Industry Groups

ATLANTA, Dec. 29, 2010 /PRNewswire/ — Bankcards continued to lead the flow of new credit into the market in November as delinquency rates continued to fall, according to Equifax Inc.’s EFX monthly Credit Trend Report.

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Lenders loosen credit as share of nonprime auto loans grew in Q3,

Posted on 08. Dec, 2010 by Collections Recon.

Experian Automotive today announced findings from its quarterly analysis of the automotive credit industry. The report shows that the share of new vehicle loans to credit-challenged automotive shoppers grew by 12.7 percent in Q3 2010, compared with Q3 2009, as lenders loosened their loan criteria.

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Direct Recovery Associates, Inc. Debt Collection Agency Founder Featured in China Daily

Posted on 09. Nov, 2010 by Collections Recon.

Direct Recovery Associates Founder, Richard Hart, was quoted extensively in an article in China Daily, “Climbing Mountains To Collect Debt,” discussing the increased credit and debt collection demands that exist between the US and China. As more businesses in the US and elsewhere trade with Chinese companies, there is a growing need for debt collection services in China.

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Over 120 Credit Issuers to Be in Las Vegas at Collections & Credit Risk Conference This Month

Posted on 14. Oct, 2010 by Collections Recon.

Bank of America, Citi, Wells Fargo, et al will be joining more than 130 credit issuers in Las Vegas October 24-26 at the Wynn for the Financial Services Collections & Credit Risk Conference.

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Statutes of Limitations on Debt

Posted on 28. Jul, 2010 by Collections Recon.

Due to are weak economy and lack of employment more consumers than ever are finding themselves in positions where they can no longer afford to pay their monthly debt. Credit ratings are taking a dive, unemployment benefits are simply starting to run out, and foreclosures are still at record highs. Many consumers that have had no problems managing their expenses in the past have found themselves facing bills that are not affordable.

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