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One of the biggest struggles that many creditors have when it comes to pursuing legal action against debtors is where to draw the line with respect to what they would consider a fair settlement. By the time a situation reaches the point where attorneys need to get involved, many creditors have reached the point [...]
Lawmakers in the state of California recently voted unanimously to pass into law a new requirement that reduces the time frame for debt collection companies to investigate claims of identity theft. This bill, which was supported by the California Association of Collectors, is going to change the way that collection agencies operate. In order [...]
In August of this year, the Federal Communications Commission released new regulations that prevent debt collection agencies from using auto-dialers in order to contact debtors who are behind on their payments. While this initially sent shockwaves through the collection community, we believe that the lasting impact will be far less than many initially feared. [...]
The country of Switzerland is best known around the world for being a neutral country. It has not taken a side in any foreign conflict since it became neutral in 1815, which makes it a very safe place in the eyes of both residents and investors. And that neutrality carries over into the way [...]
Over the past decade, there has been a remarkable rise in blogs and websites that focus on helping consumers get themselves out of debt, improve their credit scores, and establish a sense of financial stability in their lives. But as with any good thing on the internet, there is also a lot of misinformation [...]
A recent Buzzfeed article reported that the federal government is considering a proposal to drastically increase the regulations on the consumer debt collection industry. These new regulations would make it exponentially more difficult for collectors to contact debtors with delinquent balances. The idea of making it harder for collectors to get ahold of consumers [...]
Dealing with any type of international debt collection is always going to be a tricky matter. No matter what country you are talking about, there are going to be a host of different rules and regulations that you are going to be expected to follow in order to conduct your collection in an appropriate [...]
Dealing with delinquent debtors is becoming more and more common in today’s business environment. While none of us look forward to handling these trouble accounts, we also don’t have a choice in most instances. The whole world operates on credit, and sometimes we make mistakes and offer that credit to the wrong people. Once [...]
They say that you are the average of the five people that you spend the most time with. They also say that attempting to keep up with “The Joneses” is a sure way to end up in the poor house. A recent study into debt collection by The Urban Institute has found that both [...]
One of the things that makes the debt collection industry extremely complicated is the fact that anyone attempting to collect an outstanding debt must play by the rules of the country where the debtor resides, and here in the United States they also have to contend with each and every state’s individual laws regarding [...]
