Tag Archives: debt

With more and more Idahoans in debt, collection agencies are finding new work-arounds

Posted on 18. Dec, 2011 by Collections Recon.

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Collection agencies are in a pickle. There’s a wealth of collection business to be had at a time when people can’t or won’t pay their bills. But squeezing money from them is also harder than before.

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Debt Collector Becomes Sex Collector

Posted on 14. Nov, 2011 by Collections Recon.

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MEMPHIS, TN (abc24.com) – A Memphis woman said a debt collector offered to take sex instead of cash to settle a debt.

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Debt Resolve (DRSV) Brings Debt Collection Industry Online

Posted on 03. Oct, 2011 by Collections Recon.

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Debt Resolve Inc. (OTCBB: DRSV) is a leading provider of patented online bidding solutions for the settlement and collection of defaulted consumer debt. The company also provides early stage solutions for delinquent debt that has not charged off. Unlike Portfolio Recovery Associates Inc. (NASDAQ: PRAA) and Asset Acceptance Capital Corporation (NASDAQ: AACC), the company does not buy debt but works as a pure play technology company with banks, creditors, law firms and collections agencies to help them more efficiently recover funds.

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Filing for bankruptcy has ‘automatic stay’ to stop bill collectors’ telephone calls

Posted on 28. Sep, 2011 by Collections Recon.

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For many people who find themselves deeply in debt, one of the worst experiences they can have is the barrage of telephone calls from bill collectors. While no one has the right to be abusive to debtors or to harass them incessantly, there are guidelines that govern such calls.

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Debt collector loses over language in a letter

Posted on 25. Sep, 2011 by Collections Recon.

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Arrow Financial Services LLC violated the federal Fair Debt Collection Practices Act when it sent a mail blast to some 40,000 California residents trying to get them to pay old health club debts, the 9th U.S. Circuit Court of Appeals says in a ruling Friday. It upholds a decision of a U.S. District Court in Los Angeles.

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One Small Business Perseveres and Continues to Grow Despite the Odds

Posted on 30. Aug, 2011 by Collections Recon.

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National Recovery Services, (NRS) a national debt collection firm specializing in commercial, medical, bank card, telecom, utilities, and consumer loan debt, is pleased to announce its acquisition of an additional 3500 sq. foot space, which will be used to house a segmented bank card debt area. The addition takes the current space from 3500 to 7000 sq. feet and the current plans are to open in late August.

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Credit counselors see steep decline in consumer debt

Posted on 22. Aug, 2011 by Collections Recon.

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WASHINGTON — While Congress struggles to rein in the nation’s deficit spending, many Florida consumers are successfully paying down their credit-card debt and their home mortgages.

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ACA International Supports FTC Policy on Collecting Debts of the Deceased

Posted on 28. Jul, 2011 by Collections Recon.

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MINNEAPOLIS, July 26, 2011 /PRNewswire-USNewswire/ — ACA International, the association of credit and collection professionals, supports the Federal Trade Commission’s recently finalized policy statement bringing clarity to the complexities of collecting on a decedent’s debt.

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Debt collection rights to be aware of – Don’t let the debt collectors bluff you

Posted on 13. Jun, 2011 by Collections Recon.

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Falling behind on your monthly debt obligations and feeling strapped for cash is not a very favorable experience. Debt issues can be hard to manage and it is most likely that if you have fallen back on your monthly payments, your accounts will be turned down to collection agencies. Though it needs no mention that debt settlement and debt consolidation can assist you in avoiding the debt collection calls, yet you must be aware of the debt collection rights for the consumers. The collection calls can soon become annoying as the collection agents usually adopt some unscrupulous practices that are against the laws of the state. Thankfully, the Fair Debt Collection Practices Act or the FDCPA has been brought into practice to safeguard the rights of the consumers. Read on to know what is forbidden under this act.

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Audit finds agencies’ debt collections lacking

Posted on 24. May, 2011 by Collections Recon.

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A convenience store in Walton racked up more than $80,000 in debt for tickets purchased from the Kansas Lottery after 21 attempts to automatically draft money from the owner’s bank account were rejected for insufficient funds

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