To better understand consensual secured debt, it is useful to be equipped with a basic understanding of the process by which unsecured creditors collect debt through use of the judicial process.  We offer a brief introduction to that process and two problems illustrating its use (Problem.Enforcement of Judgment.1 and Problem.Enforcement of Judgment.2).

The unsecured creditor, whether consensual (e.g. by agreement) or non-consensual (e.g. by tort), may not simply grab a debtor’s money or other property in satisfaction of debt. Such self-help would be conversion, subjecting the creditor to tort liability. Instead, absent an agreed resolution, the creditor must sue the debtor for a money judgment and, once judgment is obtained, seek to enforce the money judgment against property of the debtor through appropriate process, generally known as execution. Apparently an angry unsecured dentist in Idabel, Oklahoma was not familiar with this legal principle when, in 1981, according to news reports, he went to his patient’s home and yanked out her dentures because she had failed to pay for them.

There are a couple of exceptions. Under limited circumstances, Article 2 of the Commercial Code offers sellers of goods a right to reclaim goods from a buyer who has not paid for them. Where a seller who has sold on unsecured credit discovers that its buyer has received those goods at a time when the buyer was insolvent, the seller may reclaim the goods sold upon demand made within stated time periods. U.C.C. 2-702(1). Or, when the seller has taken the buyer’s check in payment of goods delivered under a contract calling for payment at the time of delivery, the seller may reclaim the goods from the buyer if the check bounces. U.C.C. 2-507(2); 2-511(3). However, it is not clear from either those statutes or the cases interpreting them whether the seller with a right to reclaim may attempt self-help in the face of a debtor’s refusal to honor the seller’s demand for reclamation. Resort to the judicial process may still be required.

     Generally a creditor with a judgment must enforce a money judgment against property of the debtor through execution. The judgment itself does not give the creditor any interest in the debtor’s property. The creditor remains unsecured until it obtains an interest in the debtor’s property through the execution process.  If the judgment creditor is unaware of the nature and value of property in which the debtor has an interest, the judgment creditor may obtain a court order that the judgment debtor appear in court for an examination about assets (such as through use of our sample California Order to Appear for Examination), may conduct Lexis or WestLaw asset searches, or may hire experts specializing in the discovery of assets (see, e.g. the web site of TracingAmerica). Judgments are enforceable for a specified period of time. For example, in California, a judgment may be enforced for a period of ten years from the time it is entered, subject to timely renewal for successive ten year periods.

Execution begins with a writ, issued by a court following judgment. The writ, typically referred to as a writ of execution (see our sample California Writ of Execution), orders a levying officer, typically a sheriff, to seize specific property of the debtor and, upon appropriate notice and advertisement of sale, sell the property at auction to the highest bidder. Proceeds from the sale of property seized are applied first to payment of costs incurred by the levying officer and are then paid to the judgment creditor (i.e. the creditor who obtained the judgment) in partial or total satisfaction of the judgment. If the sale does not produce enough proceeds to satisfy the debt, the creditor may repeat the process with respect to other property of the debtor. The judgment creditor may bid at the execution sale, at which there may or may not be other bidders. It would be silly, of course, for the judgment creditor to take money out of one of its pockets to pay the levying officer who would then return the money to the creditor’s other pocket. Thus, the judgment creditor interested in bidding will typically bid in some or all of its judgment.

For a variety of reasons, execution sales will rarely, if ever, generate third party bids equal to the fair market value of the property (the amount that a willing seller would pay a willing buyer if the seller were not compelled to sell and the buyer were not compelled to buy).  As described in the foreclosure sales bulletin published by the sheriff of Jersey City, New Jersey, the sheriff makes no warranties of quality or title with respect to the property, offers the property subject to existing liens, and cannot offer prospective purchasers access to real property for purposes of inspection.   In addition, third party purchasers must pay cash for the property at the time of sale (or, in some cases, a deposit at the time of sale with the balance due shortly thereafter) and, in the case of real property, will be responsible for evicting tenants.   Finally, in many jurisdictions, the debtor may redeem the property from the purchaser for a short period of time following the sale.

In many cases, a debtor is owed a debt by another. If the debtor is a wage earner, the employer owes her wages. If the debtor has a checking account, the bank owes her the amount of funds credited to the account. If the debtor has a tort judgment against a tortfeasor, the tortfeasor owes the debtor the amount of the judgment. If the debtor is a manufacturer, the purchasers of its products owe for goods purchased on credit. A judgment creditor of a debtor may satisfy its judgment by garnishing these debts owed to the debtor by another. Garnishment procedure varies among states.

In most jurisdictions, the sheriff’s levy of a writ of execution or garnishment writ creates an execution lien on the property identified in the writ. Thus, a judgment creditor becomes secured through levy of the writ.  In some jurisdictions the execution lien arises earlier, either upon issuance of the writ by a court official or upon the judgment creditor’s delivery of the writ to the sheriff for purposes of levy, although the lien is said to be inchoate until the levying officer actually levies. The judgment creditor who becomes secured through the judicial process may be referred to as lien creditor or judicial lien creditor, but, by whatever name, the creditor, as of the time of creation of the lien, has the same advantages of security that characterize creditors who are secured by voluntary agreement or by statute. Of course, the judicial lien creditor is likely to have expended a considerably greater amount of resources, both time and money, getting to this point than creditors who become secured by voluntary agreement or by the terms of a statute.

In some situations, varying among states, an unsecured creditor using the judicial process may obtain a lien on property prior to judgment by procuring and having a levying officer levy a writ of attachment (see our sample California Writ of Attachment) on some of the debtor’s property or an attachment of debts owed the debtor. In California, for example, a creditor with a contract claim exceeding $500.00 may seek an attachment. In other states, irrespective of the nature of the claim, the creditor may be able to seek an attachment only upon a showing of risk to the debtor’s property (e.g. concealment or destruction) pending judgment, or in other limited circumstances.

As should be obvious, a judgment creditor’s use of pre-judgment attachment, execution or garnishment can seriously threaten the debtor’s ability to conduct its affairs. Thus, the process will often be aborted by one of two events: (1) the debtor will offer full or partial payment, or a payment schedule acceptable to the judgment creditor, perhaps secured by a consensual security interest in some of the debtor’s property; or, (2) the debtor will seek the protection of federal bankruptcy law by filing a voluntary bankruptcy petition. And if the bankruptcy petition is filed within 90 days of the date on which the lien was created, the lien may be avoided as a “preference” and the judgment creditor’s time and expense will have been wasted. We consider the power to avoid preferences in bankruptcy in Commentary. Avoidance of liens in bankruptcy.

     If a debtor has an interest in real property (whether fee simple, shared tenancy, or leasehold), a judgment creditor may also obtain a lien on that real property, either before or without pursuing the execution process, by recording suitable evidence of the judgment in the appropriate land record’s office.   Such a lien, a form of judicial lien, is typically referred to as a judgment lien. If the debtor has an interest in more than one parcel of real property in a county, the lien will attach to all real property in the county in which the debtor has an interest. If the debtor does not have an interest in real property, the recordation will cause a lien to attach to real property immediately upon the debtor’s acquisition of an interest in real property located in the county of recordation.

     In California a judgment creditor can also obtain a judgment lien on certain types of personal property (equipment, inventory, farm products, accounts receivable, chattel paper, negotiable documents of title) by filing a Notice of Judgment Lien with the Secretary of State.  Cal. Code Civ. Pro. 697.510 – 697.670.   An analagous remedy is available in only a few other states. In most states, a judgment lien may be obtained only with respect to real property.  Like the judgment lien on real property, the judgment lien on personal property is passive, that is, unlike the execution lien, it does not disturb the debtor’s possession and use of property. Accordingly, judgment liens, where possible, may better serve the interests of both judgment creditor and judgment debtor than execution or garnishment because they establish priority and are less likely to precipitate the filing of a bankruptcy petition by the judgment debtor.

Judgment lien in hand, the now secured creditor may simply wait, all the while interest accruing on the unpaid judgment.  If and when the debtor wishes to sell or refinance property subject to the judgment lien, the buyer or the refinancing lender, unwilling to take interests subject to the judgment lien, will typically require that the proceeds of the sale or refinancing be first applied to satisfaction of the judgment (including accrued interest) secured by the judgment lien. However, an impatient judgment creditor, especially one not concerned about the prospect of the debtor’s bankruptcy, is free to pursue both procedures seriatum, recording first to create a judgment lien and thereafter executing on the same or other property.

State law may provide other means of obtaining a lien through the judicial process. For example, in California, the judgment creditor obtains a lien on all of the debtor’s personal property through service upon the judgment debtor of an Order of Examination; this lien is effective for a period of one year from the date of the Order. Cal. Code Civ. Pro. 708.110(d). This lien, like the judgment lien on real or personal property, does not disturb the debtor’s possession or use of the property and thus is less likely to precipitate the filing of a bankruptcy petition by the judgment debtor.

Some debtors seek to place their property beyond the reach of the processes described here by conveying property to others. Some of these conveyances will be fraudulent and may be undone or ignored by the judgment creditor under state law provisions governing fraudulent conveyances. Examination of fraudulent conveyance law is beyond the scope of these materials. Sophisticated asset protection strategies, such as the use of foreign trusts, are also beyond the scope of these materials.

Related articles

• The Story On Judgment Debtors (greatindiebookreviews.wordpress.com)
• Another case of debt collectors using pressure tactics (cleardebt.co.uk)
• Reinventing Debtors’ Prisons for the 21st Century (rortybomb.wordpress.com)
• Bankruptcy pitfall – joint judgment creditors must enforce together (markmckillopbarrister.wordpress.com)
• Gross & Romanick Collects $525,000 Judgment (prweb.com)
• The Creditor-Debtor Relationship: Low Level Disruption (cleardebt.co.uk)
• Kornman: The Impossibility Defense and the Self-Created Impossibility Exception (forbes.com)

Insolvency

Insolvency Process

Placing Companies Into Administration

Business Administration Options

Order of Priority for Creditors

Liquidation or Winding Up

Financing a Company

Charges for Late Payments

Taxation

Sole Traders and Taxation

Vat Evasion

Debt Recovery

Debt Recovery Claims

Early stages of a Debt Recovery Claim

Considerations before starting a Claim

Finding out whether a Debtor has means to pay

Claiming Interest for Late Payment

Claiming Compensation for Late Payment

Proving a Debt Recovery Claim

Enforcement of Judgements

Credit Control Procedures

Approx 102 Accts, Avg Bal$ 450.00 Principal is $52,212 call for more info make an offfer 205 400-4025 See More.

Added by George Mckinney on October 12, 2011 at 1:53am — No Comments

The Way Collection Agencies Work

I am not a lawyer, I am a judgment and debt referral expert (Collection Broker). This article is my opinion, based on my experience in California, and laws vary in each state. If you ever need legal advice or a strategy to use, please contact a lawyer.

While there are wide variations on how collection agencies work to recover money from debtors, now very few engage in the stereotypes of abuse that were more common many decades ago. While there are bad apples in every profession, most… Continue

Added by Mark Shapiro on October 12, 2011 at 1:17am — 4 Comments

The Reason To Use A Collection Broker

I am not a lawyer, I am a debt and judgment referral expert (Collection Broker). This article is my opinion, based on my experience in California, and laws vary in each state. If you ever need legal advice or a strategy to use, please contact a lawyer.

A collection broker (also called a debt broker) helps people that own debts or judgments to quickly find the best pure-contingency collection agencies, so that creditors can have the best chance of getting paid.

There are… Continue

Added by Mark Shapiro on October 11, 2011 at 1:36am — No Comments

PRESS RELEASE: Consumer-friendly Electronic Portal Aids in Debt Repayment

Consumer-friendly Electronic Portal Aids in Debt Repayment

Friendly Avatar Helps Consumers

VANCOUVER, WA (October 11, 2011) – As consumers continue to face mounting debt, job loss and other financial difficulties, late payments to creditors and the ensuing collections calls are an added stress many would prefer to avoid.

… Continue

Added by Matthew Hill on October 10, 2011 at 6:30pm — No Comments

**Boost your inventory propel your collections!**

Lots of conferences and forums transpiring this season. Lots of debt circulating, it’s a great time for buyers!
**currently available and capable of propelling your collections**

(1) National Citi oos portfolio- 2192 accounts $4,057,795.92 principle (increase your volume)
(2) Ace Payday -6490 accnts avg c/0 2010 $2,815,009.06 principle (loaded with data)
(3 )Mixed creditor internet payday- 1000 accnts avg c/0 2008 $622,397.64 principle (quick… Continue

Added by Commonwealth Management Group on October 10, 2011 at 4:48pm — No Comments

LOOKING FOR CONTACT INFO TO OBTAIN NAREX REPORTING

I am tring to get information on how to obtain the Narex Reporting, which gives collection agencies similar information you would find on a cbr, without the actual trade history. Narex provides the consumers current and previous address, ss#, previous and current poe information, date of birth, and lists whether or not they hold a mortgage, balance of the mortgage, and lists trade information summary. Please send me a message if you have information I may find useful. Thanks and have a great…

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Added by Deborh Minic on October 10, 2011 at 10:00am — No Comments

The Pros And Cons Of Judgment Enforcers vs Collection Agencies

I am not a lawyer, I am a judgment and debt referral expert (Judgment Broker). This article is my opinion, based on my experience in California, and laws vary in each state. If you ever need legal advice or a strategy to use, please contact a lawyer.

When you own a judgment or a debt, you can try to collect it yourself, however most people seek help from professionals. This article discusses the pros and cons of using judgment enforcers and collection agencies.

A possible… Continue

Added by Mark Shapiro on October 9, 2011 at 6:41pm — No Comments

How To Pick A Collection Agency

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is my opinion, based on my experience in California, and laws vary in each state. If you ever need legal advice or a strategy to use, you should contact a lawyer.

When you own a judgment or debt, there is no guarantee you will be repaid anything. However, most people wish to try. When you try, there are many choices, that range from trying to do it yourself, to which professional you will use, to try… Continue

Added by Mark Shapiro on October 9, 2011 at 1:00am — No Comments

Senate Committee Approves Cordray Nomination for CFPB Leader

Voting along party lines, the nomination for Richard Cordray to lead the CFPB passed today by the Senate Banking Committee.

Although he has made it further in the process than Elizabeth Warren, it’s not yet a victory for the former Ohio Attorney General. He now faces an official Senate vote. Today, the 10 Republicans on the committee voted against the nomination while 12 Democrats voted in support.

In July, …

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Added by Christina Haberstroh on October 6, 2011 at 4:51pm — No Comments

Judgment Collection Business Names and Entities

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is my opinion, based on my experience in California, and laws vary in each state. Nothing in any of my articles should ever be considered legal advice. If you ever need legal advice or a strategy to use, you should contact a lawyer.

When you start a judgment business, or any business, you will be choosing and verifying a good business name. If your name is (e.g.) Frank Smith, you could register a… Continue

Added by Mark Shapiro on October 6, 2011 at 1:08pm — No Comments

Minnesota Senator visits I.C. System Headquarters in St. Paul, MN

St. Paul, MN (October 6, 2011) – Representatives from I.C. System recently met with Minnesota State Senator Chris Gerlach at I.C. System Headquarters in St. Paul, MN.   Members of the I.C. System Executive Group were also in attendance during the visit which included a tour of the home offices of the 73-year old collections industry company.

“We really appreciate the Senator taking time to come out and get an inside view of our operations.  We are proud of what we do. …

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Added by Eric Johannes on October 6, 2011 at 10:58am — No Comments

Consumer Delinquencies Climb in 2Q, ABA Says

Consumer loan delinquencies are still on the rise, as evidenced by the American Bankers Association’s latest consumer credit delinquency bulletin. Indeed, nine of 11 loan categories showed slightly higher delinquencies in the second quarter, according to the ABA.

The bank card category was one of two with improved performance, as delinquencies fell 18 basis points to 3.22%.That… Continue

Added by Christina Haberstroh on October 5, 2011 at 3:43pm — 3 Comments

Why Get A Civil Bench Warrant?

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is my opinion, based on my experience in California, and laws vary in each state. Nothing in any of my articles should ever be considered legal advice. If you ever need legal advice or a strategy to use, you should contact a lawyer.

One of the age-old tools in judgment enforcement are judgment debtor (and third parties that possess or know about the debtor’s assets) exams at the court. A related tool… Continue

Added by Mark Shapiro on October 4, 2011 at 2:05am — No Comments

PR: Apollo Launches TRUEscore™: A True™ Component Enabling Consumers to View Credit Score Changes Based on Debt Settlements

Long Beach, California, September 30, 2011 – Apollo Enterprise Solutions, Inc. (“Apollo”), a leading provider of advanced interactive solutions for complex financial transactions, has launched Release 2.2 of TRUEScore™, a key TRUE™ System component, the first ever total self-service account management system for banks and other financial enterprises.

With TRUEScore™, consumers will for the…

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Added by Ian Littauer on October 3, 2011 at 1:05pm — No Comments

Judgment Paperwork Should Avoid Return Clauses

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is my opinion, based on my experience in California, and laws vary in each state. Nothing in any of my articles should ever be considered legal advice. If you ever need legal advice or a strategy to use, you should contact a lawyer.

Bailment means to loan something to someone without transferring ownership. In the context of civil court judgments, bailment means to recover a judgment without either… Continue

Added by Mark Shapiro on October 2, 2011 at 8:55pm — No Comments

Legal Document Preparation Services

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is my opinion, based on my experience in California, and laws vary in each state. Nothing in any of my articles should ever be considered legal advice. If you ever need legal advice or a strategy to use, you should contact a lawyer.

In this article, when LDP is used, it means a Legal Document Preparer or Legal Document Preparation. In this article, LDP also means Legal Document Assistant (LDA), which… Continue

Added by Mark Shapiro on October 1, 2011 at 7:05pm — No Comments

Improving Your Judgment Business

I am not a lawyer, I am a judgment referral expert (Judgment Broker). Nothing in any of my articles should ever be considered legal advice.

Most judgment enforcers know that succeeding in the judgment recovery business depends on what you know, how hard you work, what you study, how well you screen judgment cases, how long you have been in business, and how well-funded you are.

This article is about improving judgment business efficiency, and ways to spend more time on… Continue

Added by Mark Shapiro on September 29, 2011 at 9:34pm — No Comments

I.C. System Gains Certification as a Women-owned Business Enterprise

St. Paul, MN (September 27, 2011) – I.C. System announced it has gained official certification as a Women-owned Business Enterprise (WBE) by The Supplier Clearinghouse. “I.C. System is pleased to announce that we have obtained this highly regarded certification which is recognized and valued by a number of our large clients and prospects,” said Barb Erickson, I.C. System’s Chairman and CEO.

The Supplier Clearinghouse is a California Public Utilities Commission-supervised entity…

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Added by Eric Johannes on September 27, 2011 at 6:00pm — No Comments

TCN to Continue to Push the Cloud Customer Service Envelope

St. George, UT (PRWEB) September 27, 2011

TCN Inc. announced today the details of its customer service plan, unveiled as part of TCN’s renewed commitment to raising the customer service bar in the cloud call center technology space.

In today’s crowded marketplace, shaving off costs to remain competitive often translates into skimping on customer service. Robots answer phones; if after gritty persistence a customer manages to track down a human,…

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Added by Nate on September 27, 2011 at 11:06am — No Comments

CROSS CHECK FILE FOR SALE (BAD CHECKS)

1921 accounts, $1,060,655.20 with an average balance of $554. This portfolio is priced to sell. The checks are ranged from 2006-08. It also has the media available, copies of the bad check, in account order. Contact me if you are interested in purchasing at 404-449-9271. Price is negotatiable!

Thanks,

How To Record Judgment Costs

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is my opinion, based on my experience in California, and laws vary in each state. Nothing in any of my articles should ever be considered legal advice.

In this article, when “MC-12″ is used, it means a Memorandum Of Costs form. MC-12 is a California judicial council form. (See my other article on filling out a MC-12 form.)

When a MC-12, or an equivalent form, motion, or affidavit is used, it… Continue

Added by Mark Shapiro on September 26, 2011 at 10:50am — No Comments

How To Fill Out A MC-12 Form

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is my opinion, based on my experience in California, and laws vary in each state. Nothing in any of my articles should ever be considered legal advice. This article explains how to fill out a MC-12 California judicial council form to record judgment interest and costs.

How to fill out page 1 of a MC-12 form:

At the top of the form, put your name, address, and phone. If you are representing… Continue

Added by Mark Shapiro on September 25, 2011 at 8:40pm — No Comments

US Bank DDA

If anyone out there is looking at a new ‘fresh’ US Bank DDA file this week, please be aware that it is NOT zero agency. The last US Bank sale was a 2 agency file. This can get confusing at times for people so I thought I would clear that up for anyone in the market. This is a file that was just up for auction from the bank and may be out there for re-sale now so I just want to make sure everyone is aware.

Added by Brian Williams on September 22, 2011 at 10:54am — No Comments

DEBT COLLECTION

THERE IS ALL KIND OF WAYS TO GET MONEY THESE DAYS AND COLLECTING IS ONE THEM

COME JOIN THIS WINNING TEAM THAT IS GOING TO CHANGE THIS BUSINESS…..

Added by GREG on September 22, 2011 at 10:35am — No Comments

When Wage Garnishments Are Ignored

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is my opinion, based on my experience in California, and laws vary in each state. Nothing in any of my articles should ever be considered legal advice.

In this article, when “EWO” is used, it means Earnings Withholding Order (or wage garnishment or levy order), to levy a debtor’s income from conventional employment.

This article is my opinion on handling EWO issues that may occur when trying… Continue

Added by Mark Shapiro on September 20, 2011 at 11:20pm — No Comments

Marketing Resources

Found a great free email marketing resource. Seems suitable for a variety of organizations big and small. Email tracking, drag & drop editing, online surveys, video, award winning templates and unlimited email campaigns free forever.

Added by Kalib Schulz on September 20, 2011 at 3:09pm — No Comments

Update from LinkedIn Credit and Collections

Good morning,

We are up to 13014 partners in this group. Absolutely an incredible feat and we are still growing.

If you were at the DCS conference last week, please let us know. I have no doubt that is was exciting, informative, fun and of course profitable.

I would like to welcome TracersInfo.com to our Vendor Recommendations page located at
…

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Added by Steve Taylor on September 19, 2011 at 12:16pm — No Comments

TCN Releases Anticipated “Preview Dialing” Functionality

St. George, UT—TCN Inc. announced today the release of its Preview Dialing functionality. Preview Dialing enables call agents to view the call history of the customer being dialed before connecting the call. This functionality improves the quality of the agent-customer interaction and a call center’s ability to comply with all state and federal laws.

TCN’s clients use its on-demand cloud-based virtual…

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Added by Mckay on September 19, 2011 at 12:11pm — No Comments

TCN Releases Anticipated “Preview Dialing” Functionality

St George, UT (PRWEB) September 19, 2011

TCN Inc. announced today the release of its Preview Dialing functionality. Preview Dialing enables call agents to view the call history of the customer being dialed before connecting the call. This functionality improves the quality of the agent-customer interaction and a call center’s ability to comply with all state and federal laws.

TCN’s clients use its on-demand cloud-based virtual call center…

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Added by Nate on September 19, 2011 at 11:00am — No Comments

The Decline Of Raw Leads

I am a Judgment Broker, not a lawyer, so nothing in any of my articles should ever be considered legal advice. This article is my opinion about cold, fresh, and raw leads in 2011. In this article, when “cold” lead is used, it means cold, fresh, or raw leads.

In the old days (just a few years ago), cold leads were tough enough. Rarely did one letter, email, phone call, fax, or visit – result in a sale. From many sources, I have seen these general statistics:

A) 70% – 87% of… Continue

Added by Mark Shapiro on September 19, 2011 at 12:32am — No Comments

Recovering From A Partnership Member

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is only my opinion, about the laws I have read, and what I have learned. Nothing in any of my articles should ever be considered legal advice. This article is my opinion on recovering judgments on debtors who are members of partnerships and LLCs in California.

In this article, when LLC is used, it means LLCs or partnerships. What if you have a judgment debtor that makes their living, or receives income… Continue

Added by Mark Shapiro on September 17, 2011 at 1:20am — No Comments

i just want to share this link to everyone thinking about offshore solution

http://economictimes.indiatimes.com/infotech/ites/Indian-BPOs-lose-voice-to-Philippines/articleshow/5379192.cms

Added by Francis Irvin Amojelar on September 14, 2011 at 6:31pm — No Comments

PR: Ontario Systems to Celebrate 30 Years and “Growing the Future of Innovation” at Annual Conference

September 13, 2011, MUNCIE, IND — Ontario Systems, a leading provider of software solutions for the accounts receivable and healthcare industries, will hold its annual customer conference September 19-21, 2011 in New Orleans, Louisiana. This year’s conference, themed Growing the Future of Innovation, will be a customer appreciation and 30-year anniversary celebration, as well as an opportunity for customers to understand their product paths and preview new products and…

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Added by Ian Littauer on September 13, 2011 at 8:27am — No Comments

BEAM Provides Alternative to Traditional Telephone Campaigns!

Beam Software has been paying very close attention to the decline in residential phone lines.  According to a study by the National Center for Health Statistics, there has been a continual incline in the number of households with only wireless service or no telephone service at all.  Approximately 1 in 4 residential phone lines have been lost or replaced with a cell phone:

…

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Added by Thomas Mohr on September 12, 2011 at 1:09pm — No Comments

PR: Ontario Systems Welcomes Key New Members to Leadership Team

Muncie, Ind., September 12, 2011 — Ontario Systems, a leading provider of accounts receivable management software, is pleased to announce the appointment of several key leadership hirings, including two vice presidents and two new directors. Dave Pedersen, Jill Lehman, Jason Harrington and Mary Maloney will be infusing new momentum and leading the growth of Ontario Systems in different…

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Added by Ian Littauer on September 12, 2011 at 12:30pm — No Comments

Fraud Can Be A Bankruptcy Court Bomb

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is only my opinion, about the laws I have read, and what I have learned. Nothing in any of my articles should ever be considered legal advice.

What if you have a judgment for around $30,000 against a judgment debtor that appears to live very well? What if you had previously paid for a court reporter at an Order to appear for EXamination (OEX) of the debtor, and you recorded them lying about bank… Continue

Added by Mark Shapiro on September 10, 2011 at 8:10pm — No Comments

ACA’s Angle: Data Security & Privacy Must Remain an Industry Priority

By: David D. Cherner, ACA International Corporate Counsel

As an industry that relies on sensitive personal data from billions of consumers, it is imperative that debt collectors maintain vigilance in protecting consumer privacy and data…

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Added by Accounts Recovery on September 9, 2011 at 5:30pm — No Comments

TCN Announces Partnership with Debt$Net® to Offer Integrated Telephony Services

St. George, UT—TCN Inc. today announced a partnership with The Computer Manager, Inc., a leading Washington-based debt collection software company that produces Debt$Net® Collection Software.  The partnership will enable Debt$Net® users to utilize TCN web-based telephony services that are integrated with Debt$Net® Collection Software.

Debt$Net® users will now be able to utilize TCN’s leading customer contact technologies directly from the Debt$Net® interface. This integration…

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Added by Mckay on September 7, 2011 at 12:00am — No Comments

TCN Announces Partnership with Debt$Net® to Offer Integrated Telephony Services

TCN Inc. today announced a partnership with The Computer Manager, Inc., a leading Washington-based debt collection software company that produces Debt$Net® Collection Software. The partnership will enable Debt$Net® users to utilize TCN web-based telephony services that are integrated with Debt$Net® Collection Software.

Debt$Net® users will now be able to utilize TCN’s leading customer contact technologies directly from the Debt$Net® interface. This integration will vastly…

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Added by Brett Menzie on September 6, 2011 at 6:15pm — No Comments

Judgment Collection In A Depression

I am not a lawyer, I am a judgment referral expert (Judgment Broker). The judgment recovery business has been hurt badly by the recession/depression. Of course, most businesses are now hurting, we are all connected in some way.

In the old days, before 2004 or so, one could do very well just recording liens on the judgment debtor’s real estate. When houses were being refinanced or sold every year and prices were rising, judgment liens got paid off. Now, a judgment lien is more likely to… Continue

Examining The Hubby

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is based on my experience in California, which is a community property state. Laws vary in each state, and nothing in any of my articles should ever be considered legal advice.

This article is my opinion about court examinations of the spouses, live-in partners, or intimate or business partners of judgment debtors. What should you put in a declaration to accompany your points and authorities for a… Continue

Added by Mark Shapiro on September 4, 2011 at 7:11pm — No Comments

Fictitious Names On Levies

I am not a lawyer, I am a judgment referral

expert (Judgment Broker). This article is based on my experience in California. Laws vary in each state, and nothing in any of my articles should ever be considered legal advice.

This article is my opinion about naming issues on writs, levies, and garnishments. When requesting a sheriff to perform a till-tap (where they intercept cash flow for a short period of time) or a keeper (where they stay at a business and inventory its…

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Added by Mark Shapiro on September 2, 2011 at 7:44pm — 2 Comments

Update from LinkedIn Credit and Collections

Greetings,

I am pleased to inform you that we are up to 12,727 partner/members. The rate of growth for this group is absolutely incredible.

Another good note is I have secured a new position as Vice President of Business Development for Credit Counsel, Inc. The website is http://www.creditcounselinc.com. CCI…

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Added by Steve Taylor on September 1, 2011 at 5:11pm — No Comments

PR: Ontario Systems Relies on Layered Tech’s PCI-Compliance Expertise for Collection and Revenue Recovery SaaS solutions

PLANO, Texas – Aug. 30, 2011 – Layered Technologies, Inc. (Layered Tech), a leading global provider of compliant hosting, managed dedicated hosting and on-demand virtualization/cloud computing services, today announced its expanded partnership with Ontario Systems to support the increased adoption of its cost-effective SaaS-based solutions.  As a leading provider of accounts receivable and revenue cycle…

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Added by Ian Littauer on August 31, 2011 at 10:17am — No Comments

FDCPA and Other Consumer Lawsuit Statistics, August 1-15, 2011

FDCPA and Other Consumer Lawsuit Statistics, August 1-15, 2011

There were about 492 lawsuits filed under consumer statutes in the first half of August 2011. Here is an approximate breakdown:

• 441…

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Added by Jack Gordon on August 29, 2011 at 5:17pm — No Comments

Levying Debtor Property

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is based on my experience in California. Laws vary in each state, and nothing in any of my articles should ever be considered legal advice.

This article is my opinion about Sheriff keepers, levies, and using a receiver to try to recover a judgment. Keep in mind that every state has debtor exemption laws that specify what a debtor is allowed to keep. Knowing beforehand, what a debtor is allowed to keep,… Continue

Added by Mark Shapiro on August 29, 2011 at 12:35am — No Comments

Collection Agency needed

I am a Debt Buyer and want to outsource my Collections to experienced Collection Agencies.

The Agencies must have above 1 Million E&O Insurance cover,Nationwide license and Surety Bonds.

Contact me quick at mark.hoff@ymail.com

Added by Mark Hoff on August 26, 2011 at 6:59pm — No Comments

I.C. System Charity Golf Tournament Raises Money for Military Heroes

St. Paul, MN (August 25th, 2011) – I.C. System recently hosted the 13th Annual I.C. System Charity Golf Tournament at Bristol Ridge Golf Course in Somerset, Wisconsin. This year’s tournament proceeds benefited two charities, The Heidi Kunz Memorial Scholarship Fund and Bryan McDonough Military Heroes Foundation. “We appreciate the generosity shown by I.C. System.

With their help the Bryan McDonough Military Heroes Foundation was able to raise $150,000 toward the construction of the…

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Added by Eric Johannes on August 26, 2011 at 10:56am — No Comments

Judgment Debtor Name Games

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is based on my experience in California. Laws vary in each state, and nothing in any of my articles should ever be considered legal advice. This article is my opinion about how to work around the problem of debtors having common names, or using the same names or Social Security Numbers of their parents, grandparents, or kids.

When a kid is named Barry Clark and his father is also named Barry Clark and… Continue

Added by Mark Shapiro on August 26, 2011 at 12:37am — No Comments

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Added by nichiren on August 23, 2011 at 11:27am — No Comments

Recovering A Judgment On A Real Estate Agent Or Broker

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is based on my experience in California. Laws vary in each state, and nothing in any of my articles should ever be considered legal advice. This article is my opinion about judgment enforcement procedures for judgments against real estate brokers and agents.

How one enforces judgments depends on the debtor. When the debtor is a real estate agent or broker, there are specific strategies one can use… Continue

Added by Mark Shapiro on August 23, 2011 at 1:34am — 4 Comments

Collection Agency “Collects” Blood for American Red Cross
St. Paul, MN (August 22, 2011) – I.C. System hosted a blood drive at its St. Paul, MN home office on July 18th, 2011. The day-long visit from the “Bloodmobile” was sponsored by E.C.H.O., the charitable donation organization at I.C. System.

I.C. System enabled dozens of employees to take time out of their workday in order to donate blood to the American Red Cross. “The need for blood in America is extremely high. The country is down to just a two-day supply and we wanted to step… Continue

Added by Eric Johannes on August 22, 2011 at 4:20pm — No Comments

Judgment Liens And Partial Property Owners

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is based on my experience in California. Laws vary in each state, and nothing in any of my articles should ever be considered legal advice. This article is my opinion about property liens and judgment debtors.

One of the tools of judgment enforcement is to record a lien on a judgment debtor’s real estate properties. When the judgment debtor owns a property alone, you record a lien at the county recorder… Continue

Added by Mark Shapiro on August 21, 2011 at 11:58pm — No Comments

PR: Apollo Introduces the First Ever Total Self-Service System for Account Management for Banks and Other Financial Enterprises

Long Beach, CA, August 18, 2011 – Apollo Enterprise Solutions, Inc. (“Apollo”) has launched Release 2.0 of its TRUEContact™ product, a key module in its TRUE™ system.  This release makes TRUE™ the first ever total self-service account management system for banks and other financial enterprises.  TRUEContact™ uses Apollo’s patented intelligent decisioning engine to automatically create optimum debt collection… Continue

Added by Ian Littauer on August 19, 2011 at 1:00pm — No Comments

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Added by nichiren on August 17, 2011 at 12:48pm — No Comments

IN YOUR TALK-OFF, DO YOU JUST TALK?

In your talk off, do you just talk, or do you really communicate? How good are you at listening and acquiring full and complete information?

These questions demand to be asked and answered, because collectors are successful, only if they learn to be great communicators.  Great communicators have several weapons in their arsenal: Strong content, effective preparation, negotiation skills, good timing and tone, a sense of urgency in their…

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Added by Ben Frazier on August 17, 2011 at 9:31am — 2 Comments

PR: Sentry Credit, Inc. Achieves Tech Lock™ Certified Program

Chicago, Ill. (August 16, 2011) – Tech Lock, Inc. and Sentry Credit, Inc. announce the achievement of Tech Lock™ Certified status for Sentry Credit, Inc. Tech Lock tested and validated Sentry’s physical and technical security controls against multiple regulations and standards, including PCI DSS, GLBA, ISO 27002, FISMA/NIST SP800-53, Red Flags Rule, Nevada Senate Bill No. 227, and Massachusetts 201 CMR…

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Added by Ian Littauer on August 16, 2011 at 8:32am — No Comments

Avoiding Liens In Bankruptcy

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is based on my experience in California. Laws vary in each state, and nothing in any of my articles should ever be considered legal advice. This article is my opinion about bankruptcy and property liens.

Many people think that when a debtor goes bankrupt, they are immune from debts forever. That is not true. Usually, the filing of the bankruptcy petition covers a snapshot of a moment in time. The… Continue

Added by Mark Shapiro on August 15, 2011 at 5:17pm — No Comments

FDCPA and Other Consumer Lawsuit Statistics, July 16-31, 2011

I’ve been gone for a while, focused on company growth. If there is an interest in us continuing to post these semi-monthly stats, please let me know, and I will be happy to start doing it again.

Jack

FDCPA and Other Consumer Lawsuit Statistics, July 16-31, 2011

There were about 539 lawsuits filed under consumer statutes in the second half of July 2011. Here is an approximate breakdown:

• 464 FDCPA
• 71…

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Added by Jack Gordon on August 15, 2011 at 1:30pm — 1 Comment

Judgment Shenanigans

I am not a lawyer, I am a judgment referral expert (Judgment Broker). Nothing in any of my articles should ever be considered legal advice. This article is my opinion about silly beliefs that prevent judgments from being enforced.

The valid reasons why judgments are not enforced are serious enough. (The number one reason is because most debtors are poor.) This article is about some shenanigans and false beliefs that can make things worse, and prevent judgments from being…

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Mobile Payments Firm Zipmark Closes $2 Million Round

Mobile payments company Zipmark Inc. recently closed $2 million in seed funding, says Co-Founder and Chief Executive Jay Bhattacharya.

Zipmark will disclose the identities of its investors within 45 days, after some smaller investors come on board, Bhattacharya says.

At its core, the Zipmark service allows consumers or businesses to pay one…

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Added by Accounts Recovery on August 10, 2011 at 3:20pm — No Comments

What Is PACER?

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is my opinion about PACER. Nothing in any of my articles should ever be considered legal advice.

PACER is an abbreviation for Public Access to Court Electronic Records. PACER is a web site that allows users to get case information and filings for all federal and appellate cases, including all bankruptcy cases in every state.

PACER is very popular with lawyers. Usually, lawyers are required to… Continue

Added by Mark Shapiro on August 10, 2011 at 1:08am — 1 Comment

Affidavit Of Identity

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is my opinion about adding AKA (Also Known As) debtor names to civil judgments. This article is based on my experience in California. Laws vary in each state, and nothing in any of my articles should ever be considered legal advice.

Sometimes you sue an entity, and later they change their name. Sometimes you were in a hurry to sue an entity, and did not have time to discover all the names they are doing… Continue

Added by Mark Shapiro on August 9, 2011 at 12:05am — No Comments

Faking A Judgment

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is my opinion about fake judgments. This article is based on my experience in California. Laws vary in each state, and nothing in any of my articles should ever be considered legal advice.

In my line of work, at least once a week someone contacts me with a huge judgment that sounds too good to be true – for example, a 15 million dollar judgment against the Bank Of America.

I ask them if it was… Continue

Added by Mark Shapiro on August 7, 2011 at 5:51pm — No Comments

Skiptracing as a Profit Center

I have just posted this on my blog.Skiptracing as a Profit Center

Added by Steve Taylor on August 7, 2011 at 1:20pm — No Comments

Debt Collection Options For Businesses

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is my opinion about recovering what is owed. This article is based on my experience in California. Laws vary in each state, and nothing in any of my articles should ever be considered legal advice.

There are many variations, and it usually boils down to the debtor(s) did not pay. Maybe a loan was not repaid, or they did not pay for a product or service.

As a judgment broker, I talk to many… Continue

Added by Mark Shapiro on August 6, 2011 at 11:47pm — No Comments

Unlawful Detainer Judgments

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is my opinion about unlawful detainer judgments. This article is based on my experience in California. Laws vary in each state, and nothing in any of my articles should ever be considered legal advice.

Unlawful detainer judgments are awarded when someone does not pay their rent or fulfill the terms of their lease. This  usually results in a court judgment for unpaid rent and sometimes damages to a… Continue

Added by Mark Shapiro on August 5, 2011 at 1:00am — No Comments

When The World Flakes, Get Busy

I am a judgment broker. It’s not an ea

sy job, however my job is fun and done entirely via the internet. My phone and fax are via the internet too. I deal with a lot of great people, and also more flakes than most people do.

Starting a business during a tough economic time has taught me much more than starting businesses during good economic times. One must work much harder now than ever before. It is more important now than the previous decade to recognize and prevent flakes…

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Added by Mark Shapiro on August 4, 2011 at 12:30am — No Comments

bank issues

my friend he started a agency about 9 months ago and bank closed his account, has something to do with collecting on payday loans via internet, anyone had this happen to them. bank stated compliance issue

Added by latonya williams on August 2, 2011 at 2:54pm — 6 Comments

Renewing Judgments And Liens

This article is my opinion, about how to renew judgments, and topics related to renewing judgments. This article is based on my experience in California.

Most of the laws concerning judgment renewals in California are the (CCP) Codes Of Civil Procedure, sections 683.110 to 683.220. Laws are different in every state, so be sure to check the laws of your state. Nothing in any of my articles should ever be considered legal advice.

Most judgments expire after a certain number of… Continue

Added by Mark Shapiro on August 1, 2011 at 11:41pm — No Comments

****Take The Guess Work out of Selecting a Collection Agency To Collect On Your Portfolio****

Debt Services Group is an Operational & Marketing Consulting group with over 40 years of Executive experience in the Collections Industry. We are affiliated with some of the best Collection Agencies & Collection Law firms in the country. We go to great lengths and are very selective when it comes to boarding an Agency within our network. All of our Agencies are fully licensed and bonded. The…

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Added by Sam Hull on August 1, 2011 at 6:51pm — No Comments

Future Payment Explained

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is about the future-payment concept for civil money judgments. Future-pay means you get paid later, after money is recovered, instead of cash up-front “now”.

Every judgment, is only a piece of paper until available assets are found, and the judgment is successfully and eventually enforced. If the debtor has lots of available assets, you will probably get some money back quickly, however nobody can or… Continue

Added by Mark Shapiro on July 30, 2011 at 7:30pm — No Comments

When Civil Courts Close

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is my opinion, about the recent civil court closings that have already happened, or will soon happen in California, and possibly other states.

Historically, courts have raised their fees to cover the costs of labor and other expenses. While annoying, that is a rational way to increase revenue.

Historically, courts have trimmed their staff or have lowered wages. That is distasteful, but is…

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Added by Mark Shapiro on July 27, 2011 at 7:38pm — 1 Comment

Payday Loan Services Offshore

Looking for Genuine Merchant Service to serve an Offshore 3rd Party Payday Loan Collection Small Agency plus looking for accounts if to be placed on contingency basis to try and feel the difference with output received as we have our 3 years experienced dialers specialized in payday collections.!!
Interested parties can reach…

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Added by Patrick Kerr on July 27, 2011 at 10:19am — No Comments

PR: Nexus IS, Inc. Becomes a Certified Inova Solutions Reseller

CHARLOTTESVILLE, VA, July 25, 2011 – Today Inova Solutions announced a new reseller partnership with Nexus IS, Inc.   As a certified Inova Solutions reseller, Nexus is increasing the Inova Solutions footprint and bringing Inova’s call center solutions to a wider array of…

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Added by Ian Littauer on July 25, 2011 at 3:02pm — No Comments

Fiverr Is A Great Deal

If you have never visited Fiverr.com, you really must go there and check them out. As a Judgment Broker, I sometimes need to hire help for marketing, database, programming, web site issues, YouTubes, proofreading, writing, and a lot more. I have learned to visit Fiverr.com (Fiverr) first.

Registering for Fiver is free and fast. They are integrated with PayPal, simple to navigate, and best of all, have an incredible variety of people willing to do a wide variety of things for… Continue

Added by Mark Shapiro on July 21, 2011 at 8:07pm — No Comments

Payday loan portfolios08 ez

Payday loan portfolios08 ez

CLICK HERE!

Added by Laurine on July 21, 2011 at 2:00pm — No Comments

Press Release: President of Dougherty Consulting Group Will Join Familiar Company in August

For Immediate Release

Denver, July 21, 2011, 9 a.m. MST:  After a successful term at the helm of Dougherty Consulting Group (DCG), Kristin Dougherty is happy to be re-joining the team at Unifund Group.  DCG will continue operating in a limited capacity to service its clients and channel partnerships. Ms. Dougherty will be Unifund’s Vice President of Sales & Marketing, managing all aspects and staff for National Portfolio Sales, Government Services and…

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Added by Kristin Dougherty on July 21, 2011 at 11:49am — No Comments

A-lign™ CPAs To Present Webinar , “Preparing for the New Service Organization Control Standards SOC 1 (SSAE 16), SOC 2 and SOC 3

A-lign™ Managing Director Scott Price and Director of SOC Services Neil Gonsalves will present a webinar  to discuss the new SOC…

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Added by Susan Dial on July 20, 2011 at 4:28pm — No Comments

We Collect Our Own Judgments

I am not a lawyer, I am a judgment referral expert (Judgment Broker). Nothing in any of my articles can be considered legal advice.

In my line of work, I get a huge number of judgment leads every week. It’s my job to politely contact judgment owners once. I have found, that when creditors are “too big”, they almost always already have their own “in house” (lawyers, departments, or collection agencies).

I bring the creditor’s attention to a particular enforceable judgment they… Continue

Sheriffs Are Needed For Levies

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is only my opinion, about the (mostly California) laws I have read, and what I have learned. Nothing in any of my articles should ever be considered legal advice.

Many creditor’s wish they could take money directly from the judgment debtor. That will not work, because a judgment is not cash. You cannot bring a judgment to a bank, and use it to get the judgment debtor’s money. You cannot go to the… Continue

Added by Mark Shapiro on July 17, 2011 at 9:39pm — No Comments

Bankruptcy Frequency Guide

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is only my opinion, about the laws I have read, and what I have learned. Nothing in any of my articles should ever be considered legal advice.

In my line of work, I often hear “My judgment debtor cannot go bankrupt” or “My judgment debtor cannot go bankrupt again”. There is very little that prevents a debtor from filing for bankruptcy protection as often as they wish. However, those that file more often… Continue

Added by Mark Shapiro on July 16, 2011 at 11:55pm — No Comments

Available for contingency work

CR-ONE Solutions is available for contingency placements. We will entertain all opportunites. Contact may be made to Aaron or Jeff at 716.662.7606 or via email at cr-onesolutions@verizon.net.

Added by Aaron Crone on July 14, 2011 at 4:33pm — No Comments

Meeting FDCPA, GLB and others

Some debtors are easy to find, others not so much. It is those that I want to address.  We have taken every step to make sure our locates meet all FDCPA, GLB, etc. for the protection of my clients.  We are a CRA, which meets the FDCRA requirements for third party contacts.  Our databases searches are FDCPA, GLB, and FCRA compliant..but a database search can only do so far.  It takes the experience that Grady and I possess to search records to find the debtor.  We…

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Added by Sandy Glover on July 13, 2011 at 1:41pm — No Comments

Credit and Collections Professionals – we can help you connect with more consumers FASTER with accurate data from WhitePages Pro.

Get the most up-to-date consumer contact data available, including Mobile Phone data. Our interface can be built right into your current software application. Increase effectiveness, increase productivity, and improve your bottom line by eliminating search times. … Continue

Added by Robin Conner on July 12, 2011 at 4:38pm — No Comments

New Cloud-based Telephony Services Available Through Ontario Systems/TCN Partnership

MUNCIE, IND, JULY 12, 2011—New cloud-based telephony services streamlined expressly for Ontario Systems accounts receivable software will be offered through a partnership announced today by Ontario Systems and TCN Broadcasting. The new services will be marketed as GCFlex, and will complement the company’s Guaranteed Contacts™ premise-dialer products.

By partnering with TCN, a leading telephony provider, Ontario Systems will offer its clients innovative new technologies in a flexible,…

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Added by Mckay on July 12, 2011 at 2:00pm — No Comments

Free Trial

Let 5 of your collectors use our Dialer for a 7 day trial absolutely FREE. What if T-Max could make your 5 agent shop do the same work as a 15 agent shop for $500 -$750 a month? Would it be worth trying it for FREE? Dont let your 50 man shop get out preformed by a 12 man shop go to http://tmaxdialer.com

Added by MATTHEW on July 12, 2011 at 3:02am — No Comments

Bankruptcy Liens – Up To The Trustee

I am not a lawyer, I am a judgment referral expert (Judgment Broker). Every court has their own local rules. This article is my opinion about general bankruptcy (BK) courts and lien lookback times in federal bankruptcy courts. In my opinion, some judges seem to not care about every law. Sometimes, it’s what the judge wearing the robe says, not what the laws say, that counts.

In theory, when one secures a UCC or another type of lien, on the debtor’s assets long before the debtor files… Continue

Added by Mark Shapiro on July 11, 2011 at 9:45pm — 2 Comments

Contingency Collection Attorneys

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is based on my California opinions and observations about retaining a contingency collection lawyer to recover a civil money judgment. Every state has different laws, and this article is not legal advice.

The word contingency means uncertainty, and implies the assumption of a risk. Most lawyers charge by the hour, because that eliminates most of their risk of not being paid for their work, and for any…

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Added by Mark Shapiro on July 9, 2011 at 10:05pm — 5 Comments

Update from Linked In

Update from Credit and Collections

Good Wednesday afternoon.

We are up to 11,419 member partners and growing on a daily basis.

Our vendor recommendations site is getting over 1000 hits per week. Would you like to be in on that action and increase your business? Let more companies see your company. More exposure means more business to you. What you need to do is send your…

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Added by Steve Taylor on July 8, 2011 at 10:30am — No Comments

The Full Value Of Court Records

I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article is my opinion on how to make more money as a court records researcher, or for anyone who comes across civil court records in their line of work.

There are two ways to look at court records. One way is to use a court’s web site, and the other way is to visit the court in person. Every court is different, some court web sites are free and show you everything, others charge or show you almost nothing. Some… Continue

Added by Mark Shapiro on June 28, 2011 at 9:50pm — No Comments

ACA’s Angle: A Blueprint For Modernizing Consumer Debt Collection

By: Valerie Hayes, General Counsel and Vice President of Legal and Government Affairs

ACA International, the Association of Credit and Collections Professionals, is proud to introduce “…

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Added by Accounts Recovery on June 21, 2011 at 1:30pm — 3 Comments

Working as a Remote Agent-Making it work

Working as a remote agent for a collection agency (or work from home/telecommuting) is defenitely a privelege, and if done correctly-can be beneficial for the collector in more ways than one.

The obvious, not having the commute to a physical office, the luxury of working your own schedule- the convenience of being able to do it from home are all serious perks which make this type of set up very attractive. But seriously, how good is it if no real money can be made, If the…

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Added by Armando D Latorre on June 20, 2011 at 7:30pm — 9 Comments

The National Judgment Network

Because I am a judgment broker, I have unique expertise and perspective on many topics related to judgments, judgment recovery, contingency collection lawyers, judgment training providers, and judgment recovery associations and organizations.

This article is about the fantastic National Judgment Network (NJN, www.NationalJudgment.net), started in 1998 by Mr. Claude Dickerson. Claude is a well-known expert in many fields, including… Continue

Added by Mark Shapiro on June 14, 2011 at 2:47pm — No Comments

Ten Reasons Cash Judgment Prices Are Down

Because I am a judgment broker, I witness a vast quantity of judgment sales and many more attempted judgment sales. It seems every week, the amount of cash anyone is willing to pay for any judgment is declining.

The value of a judgment depends solely on the status of the judgment debtor. With the economy shrinking, almost everything and everyone’s assets are downsizing or losing value. Wages are down, home prices are down, employment and opportunities are reduced, saving rates are… Continue

Added by Mark Shapiro on June 11, 2011 at 12:28am — 5 Comments

How to Boost Debt Collectors Morale

Being a debt collector can be one of the more stressful jobs to have.  Being a successful debt collector requires a hard work ethic and being able to take rejection.  Face the fact, nobody wants to talk to a debt collector.  Even if they are calling for the debtor and get a third party, chances are the third party has better things to do than talk to a debt collector on the phone.  Getting hung up on, cursed at, and customers refusing to pay while venting frustrations about the current…

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Added by Luke McCann on June 9, 2011 at 9:02pm — No Comments

PDL Portfolio

Hello Everyone

I am yusef, I am looking for an company who can provide me Portfolio & Merchant Account. I can work for him in partnership 50:50 ratio and all other expenses will be on my side. I have got a team of 8 debt collectors who specialize in Pay Day Loan Collection.

If anyone interested please contact me.

yusefkapasi@gmail.com

786-441-9144

Thanks

Added by yusef on June 9, 2011 at 12:05pm — No Comments

Credit Reporting Issue

A debtor comes in my office and asked me to take a paid in full account off of their credit report. I was always under the impression that we were responsible for making sure that credit grantors had an accurate depiction of the person’s credit.  Is it against the law to remove an account from the debtor’s credit report if it was an accurate and valid debt?

Arctic Collect Helps One Way Recovery Reach its Growth Goal

                 Arctic powered micro enterprise collection solution helped One Way Recovery reach its growth goal. One Way Recovery Solutions LLC has reported an increase in excess of 20% in monthly collections and a 75% reduction in administrative payroll and IT costs since implementing Arctic Collect software. One Way Recovery is a Maryland based agency specializing in business, retail and medical collections. Jim Boyd, agency owner, stated, “Arctic is the most…

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Added by Kaya Smith on June 7, 2011 at 10:36am — No Comments

Who Judgment Enforcers Cannot Help

A general rule about judgment recovery is that judgments are usually expensive and difficult to recover, and everything depends on the debtor’s situation. In this article, I will list other reasons judgments may never get recovered.

As a judgment broker, I match judgment owners with judgment buyers, recovery experts, and contingency collection lawyers. Every day I see show stoppers like when a debtor cannot be found, has successfully filed for bankruptcy protection, or the judgment… Continue

Added by Mark Shapiro on June 6, 2011 at 1:00am — No Comments

The Reasons One Can Vacate A Default Judgment

This article is about the grounds for relief of California default civil court judgments, and is not legal advice. Other states have similar laws.

California Code of Civil Procedure (CCP), sections 473(b), 476(d), and 473.5 specify the grounds (reasons) one can base a motion for a proposed relief of a default judgment. The permitted grounds for relief include:

1) Mistake (CCP 473-b): When a person understands the facts to be other than they are. A mistake of law occurs when a… Continue

Added by Mark Shapiro on June 5, 2011 at 4:11pm — No Comments

Selling back end credit cards

I am selling my back end credit cards. I am selling below cost. Great files to pick up. No letter campaigns or settlement letters have been sent.

09 HSBC private labels. Some upfront applications are available at no cost.

08 HSBC Visa/Master Card. These are premier HSBC , not orchard or the household products.

08 HSBC private labels.

The private labels are about 70% best buys accounts.

Complete chain of title and media can be requested on… Continue

Added by Aron Tomko on June 1, 2011 at 12:06am — No Comments

Looking to buy NFS (Bad checks) portfolio

Hello,

I am looking to buy “Bad Checks” portfolios, 0 or 1 agency accounts with media file. I would like to discuss further for 2009 or 2010 or 2011 accounts.

Kindly drop me an email with the price-list and NDA.

Regards,

Urvashi Desai

+91 9099962992

skype: urvashi.desai

Added by Urvashi Desai on May 31, 2011 at 9:51pm — No Comments

TCN Releases Next Generation “Intelligent Skills-Based Routing” To Shorten Connection Time and Revolutionize Agent-Customer Matching

In any call-center environment, matching the right agent to the right customer is crucial. Nowhere is this matching as imperative as in the credit and collections industry. High-scored accounts must get to the best collectors. Spanish speakers must connect with Spanish speakers. Agent skills must be matched to customer needs.

St George, UT (PRWEB) May 31, 2011

TCN Inc. today announced the release of its intelligent skills-based routing…

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Added by Nate on May 31, 2011 at 2:18pm — No Comments

Difficult Judgments

I am not a lawyer, I am a judgment referral expert (Judgment Broker). Most judgment recovery courses and experienced judgment enforcers advise people to screen judgment debtors carefully, and never take assignment of any judgment unless the debtor has obvious assets showing. (For example – jobs,  bank accounts, businesses, or properties.)

The problem with such good advice, is that more than 95% of judgment debtors are not doing very well, and do not have obvious assets showing. Most… Continue

Added by Mark Shapiro on May 28, 2011 at 11:05pm — No Comments

Motions To Vacate

I am not a lawyer, I am a judgment referral expert (Judgment Broker). Most judgment debtors do not care about default judgments. If they cared, they would have showed up at court. When someone recovers a judgment by having a sheriff take money or assets from the debtor, the debtor may suddenly care very much, and start a procedure to vacate the judgment because “they were not served”.

There are quotes above, because many debtors claim they were not served, even when they were properly… Continue

Added by Mark Shapiro on May 27, 2011 at 11:25pm — 2 Comments

KPI’s – What’s are you watching?

What key performance indicators, as related to collector producivity, are you tracking? We track the basics, but would like to look at things with a different view.  Any suggestions or templates would be greatly appreciated.

Added by Chris McGivaren on May 24, 2011 at 2:37pm — 5 Comments

Getting the Address Holder of a PMB

I am a Judgment Broker, not a lawyer, and this article is my opinion, please consult with a lawyer if you need legal advice. This article only covers how a judgment debtor’s actual address might be discovered so a process server can serve legal papers on them.

USPS boxes and Private Mail Boxes (PMBs) are becoming more and more popular, the main reasons are because they help people increase their personal privacy and safety. People want privacy, especially people that owe money on civil… Continue

Added by Mark Shapiro on May 24, 2011 at 9:10am — No Comments

The Benefits Of Accepting Service

I am not a lawyer, I am a Judgment Broker. This is my opinion about why everyone, even debtors and “wrongdoers” should not try to avoid being served legal papers.

Getting served, either by certified mail, or in person, is usually not a sign of good news. However, getting served can be compared to getting a cavity in your tooth. Ignoring either situation will almost certainly cost you more time, hassle, and “pain” over the long term.

One reason to accept legal service is that… Continue

Added by Mark Shapiro on May 24, 2011 at 9:09am — No Comments

When A Debtor Claims Exemptions

One of the tools that can be used to recover a judgment, is to levy (take) an asset of the debtor. Examples are vehicles, bank accounts, or wages.

Sometimes these levy tools seem to succeed at first – until you receive notice that the judgment debtor has filed a claim of exemption. Claims of exemption (and third-party claims) can be filed with the sheriff at any time up to the moment the funds are released to the creditor.

Exemptions are actions and protections mandated by…

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Added by Mark Shapiro on May 22, 2011 at 11:01pm — No Comments

http://www.judgmentbuy.com/JudgmentRadioShow.html

I invite anyone here to call me using Skype (JudgmentBuy) to be a pre-recorded guest on my podcast internet radio show related to judgments:  http://www.judgmentbuy.com/JudgmentRadioShow.html

Added by Mark Shapiro on May 20, 2011 at 9:49pm — No Comments

$45Million PDL Sale PRICED TO SELL QUICKLY 29 Portfolios Available

Serious inquiries only.

Send me an email to jchebat@payiag.com.  

Available PDL Portfolios include: Ace, Advance America, Cashnet, Checkmate, Global PD Yes, Ventures, QuickCash, UpFront PDL, Cash Jar, EZ Corp, Cash Direct Express, IPL, DFM, and LoanPoint-GenRoth.

The Mix File includes: Ace, Arrowhead, BMG, BorrowCash,…

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Added by John Chebat on May 20, 2011 at 11:29am — No Comments

ICEware Offers Metro 2 Reporting

ICEware now offers Metro 2 account conversion allowing you to report accounts to Trans Union, Equifax and Experian daily with ease. The Metro 2 reporting is completely integrated with the ICEware system enabling you to not only list on credit but to report accurate, complete and up to the minute consumer credit information automatically to the bureaus. For more information contact Rita Schmidt at 866-927-0806 or visit us at www.icewarecorp.com.

Added by Rita Schmidt on May 19, 2011 at 2:20pm — No Comments

Arctic Collect Launching Client Access

Arctic Collect, will be launching client access at the end of this month. With Arctic Collect your clients will see a snapshot enabling them to view their financials at a glance on a portfolio basis and includes all postdated check and credit cards payments. They will have the ability to view sif/pif, status, bankruptcy, dispute, partial pay as well as list on credit reports using any date parameters.  Your clients will only have access to account information specific to them including…

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Added by Kaya Smith on May 17, 2011 at 1:33pm — No Comments

SMCM International GmbH / Bellier/ Naissance – Testimonial

www.bellierfinancial.com Date: 12. Mai 2011 um 12:21

“Bellier Financial used the services of SMCM to try and recover a bad debt from a previous client in Switzerland. We found the company to be very honest and transparent in it its dealings with us and they did everything they could to promote our cause right through to the final court hearing. SMCM kept us fully up-to-date with what was happening in the… Continue

Added by Gihan Amendra on May 13, 2011 at 11:58pm — No Comments

collector mentor Establishes Recognition Program to Honor Outstanding Collection Professionals

We’re excited to announce the launch of the Outstanding Collection Professionals program to honor front line employees in the credit and collection industry who perform their duties at an outstanding level of service and who represent the industry in a positive, professional manner.

“It’s no secret that the bad actors of the industry get more time in the spotlight,”…

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Added by Gary Jensen on May 13, 2011 at 1:07pm — No Comments

PR: CDS Software Announces 2011 CollectOne User Conference & Training

Simi Valley, CA – March 12, 2011 – Leading debt collection solution provider CDS Software, in conjunction with its CollectOne Advisory Committee, announced today that the 2011 CollectOne User Conference & Training will be held August 9^th through the 12^th at Planet Hollywood Resort & Casino on the Las Vegas strip.

“This year’s CUC will be focused heavily on…

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Added by Ian Littauer on May 13, 2011 at 8:35am — No Comments

Free Effective Collections e-book – limited time!

I have one of my e-books that I am offering free (for a limited time).

If your clients or readers might be interested please share this link with them.

The e-book is called Effective Collections:  a proactive approach to credit management and you can check it out and download a copy for a limited time.

Added by Michelle Dunn on May 12, 2011 at 2:11pm — No Comments

When The FDCPA Hurts Debtors

I am not a lawyer, I am a judgment referral expert (Judgment Broker). The FDCPA (Fair Debt Collection Practices Act) are a set of laws regulating (among other things) how one may communicate with debtors.

FDCPA laws are both a guide and a code of conduct for debt collectors. In general, the FDCPA protects debtors from creditors, and gives debtors rights and remedies for any creditor violations.

As with many laws, the complete set of FDCPA laws are lengthy and difficult to… Continue

Added by Mark Shapiro on May 10, 2011 at 10:44pm — No Comments

P.R. – Debt$Net Collection Software Hosts 2011 User’s Conference in Las Vegas, Nevada

FOR IMMEDIATE RELEASE

Debt$Net^® Collection Software Hosts 2011 User’s Conference in Las Vegas, Nevada

Poulsbo, WA, May 9, 2011 – Debt$Net^®…

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Added by Julee Warner on May 10, 2011 at 4:00pm — 1 Comment

Communications With Judgment Debtors

Many times it’s worth trying to contact a judgment debtor to see if they are willing to pay, settle, or set up a payment plan. Because of state and federal laws, one must be careful when doing so. It’s legal to request a sheriff to seize and sell a debtor’s vehicle, with no advance notice to them. However, it is not legal to tell a debtor that will happen if they do not pay. Go figure.

Debtors and judgment debtors are protected by laws and appeals court decisions, that specify and… Continue

Added by Mark Shapiro on May 9, 2011 at 11:39pm — 2 Comments

ACA’s Angle: The Times Keep Changing

By: Valerie Hayes, ACA General Counsel and Vice President of Legal and Government Affairs

A few weeks ago, the Federal Trade Commission hosted an important workshop to examine the impacts of new…

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Added by Accounts Recovery on May 9, 2011 at 12:00pm — 2 Comments

PR: CR Software Awarded Section 508 Certification

Fairfax, VA, April 15, 2011 - CR Software, the world’s leading collections and receivables management software supplier, today announced its collections and receivables management processes have been certified as Section 508 Compliant by the Architectural and Transportation Barriers Compliance Board (“Access Board”). This is in accordance with the U.S. Rehabilitation Act which was amended by Congress in 1998, requiring federal agencies…

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Added by Ian Littauer on May 4, 2011 at 4:02pm — No Comments

Hosted vs. Premise — Report on Costs of Call Technologies

Interesting information that may change some people’s perspective about the costs of hosted contact centers: goo.gl/o6W6A

Added by Brett Menzie on May 3, 2011 at 5:30pm — 5 Comments

TCN Unveils New Website to Keep Pace with Feature Growth

Running a nimble and innovative technology company can be a lot like caring for a gaggle of growing children: one must constantly buy new clothes to accommodate gangly and growing limbs. In this analogy, the clothes are a company’s website.

The analogy holds: like clothes, a website should accurately portray its owner’s personality. It should pay proper respect to the prevailing styles. And it should keep up with all the physical and intangible changes since the last round of…

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Added by Mckay on May 3, 2011 at 1:57pm — No Comments

Looking for new business…

Good morning AR.NET members and affiliates,

I have taken over the marketing and sales position at US Collections West in Phoenix, AZ.

…

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Added by Wesley J Alford on May 2, 2011 at 1:41pm — No Comments

When Corporations Dissolve

When an entity (a company, corporation, certain types of partnerships, or an LLC) dissolves for good reasons, for example they are actually going out of business, that is unfortunate for everyone.

When an entity dissolves just to stymie a creditor, there is a possibility for the creditor to get repaid.

You can check the status of an entity on the web site of your local state’s Secretary Of State office.

State laws, or the state’s business corporation laws, usually… Continue

Added by Mark Shapiro on April 30, 2011 at 5:50pm — 2 Comments

19 Million Auto Deficiency Charge-Off Portfolio Includes Judgements

C & S Finance is pleased to offer for sale its direct auto deficiency Portfolip for sale.

The seller is primarily focused on sub-prime middle to lower-end of the credit quality spectrum.

The Portfolio consists of Direct auto loans (2 % have un-repossessed Collateral) The Portfolio consists of 3000 plus accounts totalling over 19 million dollars. (3% of the Deficiencies have customer authorized signed forms granting permission to garnish their wages if they default on the…

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Added by RICHARD HOLDER on April 29, 2011 at 9:31am — No Comments

PR: Apollo, Bridgeforce and CMC Resolve Trade Secrets, Fraud, Breach of Contract and False Advertising Disputes

Long Beach, CA, April 20, 2011 – Apollo Enterprise Solutions, Inc. (“Apollo”), Bridgeforce Inc. (“Bridgeforce”), and Collections Marketing Center, Inc. (“CMC”) are pleased to announce that all claims and counterclaims have been dismissed in the lawsuits currently pending in California and Delaware state courts alleging trade secret misappropriation, fraud, and breach of contract on the part of CMC, Bridgeforce and certain of their principals. Also…

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Added by Ian Littauer on April 21, 2011 at 11:29am — No Comments

EPICENTER! – India’s leading Customer contact center

Epicenter Technologies Pvt Ltd was founded in the year 2000 and began commercial operations in the year 2001. It is a joint endeavor of B. N. Kalyani, Chairman of the $ 2 Billion Bharat Forge Group, Ken Eldred, the co-founder of $ 35 Billion Ariba Technologies and Pravin Gandhi a pioneer in the IT industry (30 years experience) and an active private equity investor in ETPL through Infinity Ventures.

We operate out of our locations in India with a capacity of 750 physical…

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Added by Mustafa Attarwala on April 15, 2011 at 4:57pm — No Comments

ACA’s Angle: Taking Advantage of ADAD Technology in the Collection Industry

By: Valerie Hayes, ACA General Counsel and Vice President of Legal and Government Affairs

With hundreds of millions of telephone contacts to consumers each year, automatic dialing and announcing devices (ADADs) are significant technological advances to aid convenience and efficiency,…

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Added by Accounts Recovery on April 12, 2011 at 2:00pm — 1 Comment

i need some business

I have started a collection company i have been doing this for 8 years i am lookeing for someone to drop me a portfolio and do a 50/50 split i will do all the work

Added by joseph strives on April 10, 2011 at 1:10pm — No Comments

Best Practices for SMS/Text Messaging in Collections

Any “new” technology is a bit scary especially to companies in a potentially litigious environment like recovery and collections.  According to the CTIA, Americans sent 1.5 Trillion text messages last year, up 50% in the second half of the year when compared to the first.  Simply put, text messaging is booming and shows no signs of slowing down.

In 2010 the CDC released a National Health…

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Added by Jeff Mains on April 8, 2011 at 12:50pm — 5 Comments

Collections Litigation

The Law Office of Eric A. Jones, LLC assists collection agencies with litigating collection accounts in Ohio and West Virginia on a contingency basis.  Please contact us at (614)545-9998 or visit www.ericjoneslaw.com for more informaiton.

Added by Eric A Jones on April 8, 2011 at 10:17am — No Comments

The Silver Lining in Corporate Layoffs

Riddle of the day: When are layoffs a sign of economic recovery?

When they come in the collection department.

So says Wells Fargo. The bank is cutting 193 auto loan collection positions in Pennsylvania; it made a similar move in Kansas City in February. The reason: More consumers are current on their loan payments.

“We are seeing an improved credit environment, more customers are making their payments on time, customers are paying off their debts, and there is… Continue

Added by M Belles on April 7, 2011 at 3:09pm — 5 Comments

Looking for worth while portfolio to work….no PDL’s please

I am looking to service your portfolio, no PDL’s please….they just don’t produce….

Added by Shaun Sater on April 7, 2011 at 1:43pm — No Comments

Aegis and ALI Solutions Partner for Collections Excellence

Dallas and Austin, TX (April 5, 2011): Aegis Limited, a leading global business process outsourcing (BPO) provider and part of the Essar group, and ALI Solutions, a leading provider of intelligent decision automation solutions, today announced an integrated collections solution. The solution consists of Aegis’ unique BPO collections model integrated with ALI’s predictive and… Continue

Added by Ian Littauer on April 5, 2011 at 2:49pm — No Comments

Debt Collection books on sale

I would like to let everyone on this network know that the Ultimate Credit & Collections Handbook is currently on SALE + you can also get a FREE paperback of my book, Get Paid with any paperback purchase.  You still pay shipping but this is a great deal and only for a limited time so get yours today!

…

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Added by Michelle Dunn on April 1, 2011 at 3:00pm — No Comments

FDCPA and Other Consumer Lawsuit Statistics, March 1-15, 2011

There were about 477 lawsuits filed under consumer statutes in the first half of March 2011. Here is an approximate breakdown:

•    444 FDCPA
•    55 FCRA
•    15 TILA
•    5 TCPA

Summary:

•    Of those cases, there were about 488 unique plaintiffs (including multiple plaintiffs in one suit).
•    Of those plaintiffs, about 140 had sued under consumer statutes before.
•    Combined, those plaintiffs have filed about 982 lawsuits since… Continue

Added by Jack Gordon on April 1, 2011 at 2:25pm — No Comments

Payday loan merchant account services

High Risk Merchant accounts available for payday loan collection.Get your business going.For all the collectors.For further information visit us at www.vserveinfosol.com .Only serious inquires accepted.

Added by Vishal Pandya on March 27, 2011 at 7:24am — No Comments

Finding debtors with ALERT1One

ALERT1One is the first comprehensive skip/stolen database ever! I am guessing
that most of you have probably never even heard of it. Since many of our
debtors use non-traditional methods of credit lending/banking such as payday
loans, check-cashing, rent to own, etc. wouldn’t it be nice if you could upload
your files and receive INSTANT email alerts if your JD matches up with one of
the subscribers thereby giving up realtime, updated address, phone number, work
number…

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Added by Petra Alluis on March 25, 2011 at 2:00pm — No Comments

Well the spammer came back

It seemed that posting the spammer might have stopped because of my post here, came back. So posting here worked for 3 days or so, then when I posted it worked, the spammer came back.  I will just press delete while I work on leads, putting judgments onto the net, working on my radio show and articles, and helping judgment enforcers, you can spend your day spamming.

Added by Mark Shapiro on March 25, 2011 at 12:14pm — 1 Comment

$$$$$$$$$$$

THE WORLDWIDE ASSET GROUP IS CURRENTLY FUNDING DEBT PURCHASING COMPANIES WITH A PROVEN CASH FLOW, FINANCIALS &  PROPER MANAGEMENT. WE CAN ACCESS FUNDING UP TO $50 MILLION. PLEASE CONTACT MY OFFICE DIRECT AT 860-749-0613!

Added by JOHN A. TATOIAN ESQ. on March 24, 2011 at 2:02pm — No Comments

work on commision

lookeing for someone to drop a portfolio to me of pay day loans …and work for commision will have a nice return …call me 716 668 5315

Added by joseph strives on March 24, 2011 at 11:09am — No Comments

I.C. System Certified as Women-owned Business Enterprise (WBE)

I.C. System certified as a Women-owned Business Enterprise (WBE)

St. Paul, MN (March 23, 2011) – I.C. System announced it has gained official certification as a Women-owned Business Enterprise (WBE) by C.E.R.T., Central Certification Program in St. Paul, MN.

“We’re excited to be able to officially proclaim what in many ways has been evident since the inception of our company in 1938 – that we are…

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Added by Eric Johannes on March 23, 2011 at 4:26pm — No Comments

Payday loan merchant account

We are happy to announce that we are now providing merchant accounts for U.S & U.K…All are high risk merchant accounts . For further information log on www.vserveinfosol.com . or email us to vserve537@gmail.com . Only seriously inquiries are acceptable.

Added by Vishal Pandya on March 23, 2011 at 3:59pm — No Comments

Help Wanted for New Collection Agency

I am starting a collection company in the next month. I have been in the industry for 8 years. I am looking for some one to work with on a contingency basis if u are interested please email me at strivesjoseph@yahoo.comor

Added by joseph strives on March 23, 2011 at 11:30am — 7 Comments

Stephens & Michaels Associates, Inc. joins Tech Lock Certified™ Program

Chicago, Ill. (March 21, 2011) – Tech Lock, Inc. announces the joining of Stephens & Michaels Associates, Inc. (SMA) to its Tech Lock Certified™ program. Tech Lock Certified™ is a holistic compliance assessment, performed by certified security professionals with over 20 years of security and IT management experience supporting ARM industry organizations. Tech Lock Certified™ combines multiple regulatory and industry standard control objectives into a single assessment to…

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Added by Ian Littauer on March 23, 2011 at 9:30am — No Comments

Spanish Speaking Accounts

we are a spanish speaking call center in central america….I am looking for spansih speaking portfolios in the U.S. …..placement or purchase. Can anyone help?

713-482-8912

Coray

Added by Coray Ward on March 21, 2011 at 1:15pm — No Comments

The wrong way to spend your day on the competition

Some competitor or judgment “business person” (perhaps self-appointed, and now is being made obsolete by JudgmentBuy.com),  uses an anonymous service to hide their real IP numbers, and then posts random web site listings, junk, or porn links  on the JudgmentBuy.com web site’s submit buttons, as spam.

About 300 times a day,  and it takes them time, it’s how they spend their day. It’s not a robot, it’s a  person entering the spam.  I’ve tried tracking IP and had no luck as it’s… Continue

Added by Mark Shapiro on March 20, 2011 at 1:41am — 1 Comment

A.R.M.S. revenue drastically increases with IAT hosted dialer

The face of debt collections has been changing rapidly over the last decade. Accounts Receivable Management Services’ (A.R.M.S.) was looking for a way to energize the company and bring new life and revenue into the agency. After successfully operating for 25 years, the company decided to challenge the status quo by switching from a manual dialing system to IAT’s hosted dialer services.

A.R.M.S., a five-agent, 25-year-old collection agency in Lufkin, Texas, specializes in…

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Added by Kendra Fugal on March 17, 2011 at 9:00am — No Comments

Using Lawyers In A Judgment Recovery Company

I am not a lawyer, I am a judgment referral expert (Judgment Broker) and this article is about ways to run a judgment recovery business to enforce court judgments.

Judgments are not just debts, they are final orders of a court. Because laws and courts do not help people (or make it easy to) recover judgments, and because judgment recovery requires skills and/or money – most people need help in recovering their judgment money.

The difficulty in recovering most judgments has… Continue

Added by Mark Shapiro on March 15, 2011 at 10:29pm — No Comments

Now looking for Portfolio non-skip accounts!!!!!

I am looking for a smaller portfolio in the 200-400 accounts range. I would like these accounts to be worth while. Looking for Credit card, payday loans, ect portfolio to work. We can discuss % rate for consignment. I am in the process of trying to get a Merchant account to process ACH & credit card transactions. If you have one already, that would be better, that way unds are going through you first then pay me twice a month.

Added by Shaun Sater on March 14, 2011 at 12:00pm — 2 Comments

Payday loan merchant account

Hello . We are providing merchant account for United States for payday loan collection . For Further  queries contact vserve537@gmail.com . Only serious queries accepted . Thanks

Added by Vishal Pandya on March 14, 2011 at 9:19am — 1 Comment

Send JudgmentBuy your your big, impossible judgments

We have partnered with a very big powerful lawyer/PI/Management team, that goes after big judgments, shaking seemingly poor debtors upside down till money comes out.  Be on the lookout for tough big judgments, refer them to JudgmentBuy.com and there is a chance you will make a LOT of money. A better chance than with ever.  I kid you not.
Send us big tough judgment leads and you will soon see giant checks made out to you, to deposit in your bank and make you smile.
Added by Mark Shapiro on March 13, 2011 at 2:11am — No Comments

Helen Peterson

To: Helen Peterson………….this site is for business, nobody on here is looking to pay for it. We get it free ………Thanks, Shaun

Added by Shaun Sater on March 11, 2011 at 10:45pm — No Comments

FTC to Explore Collection Technology Issues in April Workshop

*Support from Regal Technologies*

The Federal Trade Commission has announced it will host a public workshop to “examine how debt collectors are using new technologies and how this affects consumers.”

This includes addressing how collectors are using mobile telephones, e-mail, social media, information gathering tools, software…

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Added by Accounts Recovery on March 11, 2011 at 9:30am — 1 Comment

CAC ACCEPTS RESIGNATION OF PRESIDENT

Press Release

FOR IMMEDIATE RELEASE

March 10, 2011

CAC ACCEPTS THE RESIGNATION OF PRESIDENT

Today, the Executive Committee of the California Association of Collectors accepted the resignation of…

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Added by Deedra Withers on March 10, 2011 at 11:46am — No Comments

ACA’s Angle: Debt Collectors Need to Balance Risk and Reward When Using Technology

By: Valerie Hayes, ACA General Counsel and Vice President of Legal and Government Affairs

It’s no secret that we live in a technology-laden world. According to the Pew Internet and American Life Project, nearly 75% of all American adults (ages 18 and older) use the internet and more than 150… Continue

Added by Accounts Recovery on March 9, 2011 at 3:00pm — 3 Comments

7 Complimentary Spots

Robert Cowen of Snowfly will be our guest presenter for the Advanced Coaching Techniques Seminar entitled “The 4 Principles Behind a Successful Incentive Program”. I have 7 open spots. First come first serve. March 17th 11am (cst).

Click Here to Register

Added by Brett Sivits on March 9, 2011 at 12:08pm — No Comments

IBM and the Jeopardy Challenge

Added by Accounts Recovery on March 8, 2011 at 4:19pm — 5 Comments

DAKCS Software Systems Partners with The Intelitech Group For Client Training Webinars

Ogden, Utah. March 1, 2011.

DAKCS Software Systems, Inc., a thirty year leader in collection software solutions, recently joined with The Intelitech Group to facilitate a series of training events designed exclusively for their clients.

The Intelitech Group has worked with organizations across the globe to provide outstanding training for frontline collectors, their trainers, and management. The DAKCS community will have the opportunity to participate…

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Added by Brett Sivits on March 7, 2011 at 12:14pm — No Comments

PDL LEADS

PDL LEADS VENDORS , PLS CONTACT WITH MASK FILE AND PRICING .

Added by amit on March 7, 2011 at 9:10am — No Comments

PR: Apollo Files Patent Infringement Claims Against Collections Marketing Center, Inc. (“CMC”) and Bridgeforce, Inc.

Long Beach, CA, March 2, 2011 – Apollo Enterprise Solutions, Inc, (“Apollo”), a leading provider of advanced solutions for improving operational efficiencies, outcomes, and customer experiences for banks, lenders, and other credit products marketers, announced today that it has filed a patent infringement claim against Collections Marketing Center, Inc. (“CMC”), alleging that CMC infringes a patent owned by… Continue

Added by Ian Littauer on March 3, 2011 at 3:41pm — No Comments

IAT achieves 25 years of dialing technology success

A napkin may not last twenty-five years, but a business idea on the back of one did. IAT, started by twin brothers with $70,000 and an idea on a napkin, celebrates its 25^th anniversary March 6, 2011.

A Utah-based dialing technology company, IAT began in 1986 by Scott and Kent Sorensen. More than two decades later, the company is a leading provider of predictive dialer and IVR messaging in the collections industry.

“It takes more than a good idea to…

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Added by Kendra Fugal on March 3, 2011 at 9:00am — No Comments

The Enemy of Judgment Recovery

The # 1 enemy for all of us is the economy.

The # 2 enemy for some of us is stupid laws that protect debtors – even those who ripped someone off.

The # 3 enemy for all of us is shoppers. As the business climate shrinks more web sites lie and say we pay big cash quick for your judgment (up to 50%), radio and TV lawyers are saying never pay more than 25% to get a judgment recovered (I heard this with my own ears), and advice columns tell people to shop their judgment around and…

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Added by Mark Shapiro on March 3, 2011 at 12:30am — No Comments

200 Collectors Wanted

The malaise in the ARM industry apparently hasn’t reached Citigroup.

The banking giant is looking for 200 people to fill collections-related positions the world over. Those positions include Collection Head for Moscow, where the successful candidate will “promote a sense…

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Added by JJ Hornblass on March 1, 2011 at 3:00pm — 2 Comments

Employment Screening-Valuable information

Pre-employment screening is not the most exciting topic, yet it could be the most important to you and your company, especially in the accounts recovery profession where your clients are trusting you to recover their money.  There are 3 ways to approach pre-employment screening; in house, contact a employment agency, or outsource to a licensed private investigator who specializes in pre-employment screening.  In my opinion, the private investigator is the best and…

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Added by Sandy Glover on February 24, 2011 at 11:43am — No Comments

Bad Check file(for sale)

I have for sale(.0150$) and open to reasonable offers a Bad Check portfolio, 1900 accounts(bad checks), all copies of check(media) available upon sale, 1,097,000mm, nationwide, 2006,2007,mostly 2008, chain of title.

any offers or questions email is

chris@empirecheckservices.com

Added by Christopher on February 23, 2011 at 10:49am — No Comments

Three CollectOne Debt Collection Solutions Named To Top 25 Collection Technology Products List

Leading debt collection solution provider CDS Software announced today that its CollectOne debt collection software, CollectOne Dialer and CollectOne Web Portal have been recognized by Collection Advisor as Top 25 Collection Technology Products for 2010. CDS Software led all honorees with 3 of its products being recognized as Top 25 Technology Products for 2010.

“We’re very appreciative of Collection Advisor for this recognition. We share this recognition with our clients,…

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Added by Mark Bergmann on February 22, 2011 at 4:29pm — No Comments

If Time Is Money, Then Efficiency Is Profit.

As we navigate the most impactful economic downturn the ARM industry has experienced, it’s important that efficiency be the ultimate litmus test for operational decisions. Efficiency focused agencies realize increased productivity and greater profits.

Developing an efficiency focused culture requires a top down approach. Upper management needs to set the tone by developing an efficiency based methodology, clearly communicate the focus, and incent employees to participate in…

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Added by Mark Bergmann on February 22, 2011 at 3:06pm — 1 Comment

Daniel May Joins WWR

*Support from Regal Technologies*

Daniel J. May has joined the consumer collections group at the Chicago branch of Weltman, Weinberg & Reis Co. L.P.A,
one of the nation’s largest creditors’ rights law firms. May earned his B.A. with departmental honors from Eastern Illinois University and obtained his J.D. from the Loyola University Chicago School of Law.

Mays…

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Added by Accounts Recovery on February 22, 2011 at 12:44pm — No Comments

Daniel May Joins WWR

*Support from Regal Technologies*

Daniel J. May has joined the consumer collections group at the Chicago branch of Weltman, Weinberg & Reis Co. L.P.A, one of the nation’s largest creditors’ rights law firms. May earned his B.A. with departmental honors from Eastern Illinois University and obtained his J.D. from the Loyola University Chicago School of Law.

May…

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Added by Accounts Recovery on February 22, 2011 at 12:30pm — No Comments

Spousal Support Judgments?

The good news about spousal, support, family, or child support judgments are that there are more laws that make them harder to avoid paying. The bad news is fewer recovery specialists recover support judgments. If you need to find a support judgment recovery specialist (You may already know one) JudgmentBuy.com knows the best family and spouse support recovery experts.

Unlike regular civil judgments, support judgments issued after January 1, 1993 are enforceable until paid. You may… Continue

Added by Mark Shapiro on February 21, 2011 at 11:00pm — No Comments

No more signup forms required at JudgmentBuy.com

No more signup forms required at JudgmentBuy.com JudgmentBuy.com, the best place to quickly find the right buyer or enforcer for any kind of money judgment, has always been the most hassle-free judgment system for original judgment creditors, judgment enforcers, lawyers, and judgment lead providers.

JudgmentBuy is always growing and improving, and the latest major improvement, as of February 20, 2011, is no more signup forms or paperwork is required for anyone to refer…

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Added by Mark Shapiro on February 21, 2011 at 1:56am — No Comments

Looking to buy a CashCall Portfolio

Hello my name is Erik Hughes and my companys name is Consumer Asset Recovery Services. Im looking into buying a CahCall portfolio 1st placement with all the docs if you have any please let me know your prices looking for a long tern seller thanks

Added by ERIK C HUGHES on February 17, 2011 at 9:18pm — No Comments

The FTC’s Fighting Fraud with the Red Flags Rule

Fighting Fraud with the Red Flags Rule  – this seems to not apply in the Judgment Recovery business, yet it is scary as you never know when not following the right forms will come back to bite you. I mean when you buy judgments, the courts verify the identity of the parties, notaries are used when selling judgments, debtors get a…

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Added by Mark Shapiro on February 17, 2011 at 12:56am — No Comments

Free Webinar

The Intelitech Group is offering 10 free slots to tomorrows webinar “Effective Monitoring and Measurement.” Its scheduled at 9 am (pst) and should be awesome. The Webinar is part of the Intelitech Group’s regular monthly series known as the ACT Series (Advanced Coaching Techniques).

If you are interested in one of the slots please contact bretts@intelitechgroup.com

Subjects Include

- Measuring the Impossible

- Taking Advantage of the Hawthorne…

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Added by Brett Sivits on February 16, 2011 at 5:00pm — No Comments

How To Have A Profitable Judgment Business

I am a Judgment Broker, not a lawyer, and this article is my opinion,  please consult with a lawyer if you require legal advice.  As a Judgment Broker, I see the mistakes Judgment Enforcers make, and know what Judgment Enforcers can do to make additional money.

The first rule is: Know when to hold them, know when to fold them. Only keep judgments that you have a chance of enforcing now or later. Only take judgments that are within your ability to enforce. Do not take assignment of a… Continue

Added by Mark Shapiro on February 6, 2011 at 1:32am — No Comments

DBA International Responds

DBA International recently responded to calls for more regulation in the debt buying market.  In my opinion the response lacks an acknowledgement that some problems in the debt buyers’ market and the broader collection market exist.  The only acknowledgement they make is that there are “…individual stories about people for whom the system did not work, they are the exception and not the rule.”

I don’t disagree.  The vast majority of ARM professionals are ethical hard working…

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Added by Brett Sivits on February 4, 2011 at 5:14pm — 8 Comments

SunGard Buys PredictiveMetrics

*Support from Regal Technologies*
Software and processing solutions provider SunGard bought PredictiveMetrics, a predictive scoring and analytical services vendor.
The new technology…

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Added by Accounts Recovery on February 4, 2011 at 2:30pm — No Comments

FOR IMMEDIATE RELEASE: FDCPA and Other Consumer Lawsuit Statistics, January 1-15, 2011

WEBRECON LLC WAS NAMED ONE OF THE TOP 25 COLLECTION TECHNOLOGY PRODUCTS OF 2010 BY COLLECTION ADVISOR MAGAZINE

FOR IMMEDIATE RELEASE: 

Grand Rapids, MI (Jan 26, 2011) – The following statistics are provided to the ARM industry courtesy of WebRecon LLC.

FDCPA and Other Consumer Lawsuit Statistics, January 1-15, 2011

There were about 441 lawsuits filed under consumer statutes in the first…

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Added by Amy Field-Smith on February 2, 2011 at 8:18pm — No Comments

Reporter’s Notebook: Accounts Recovery Summit

*Support from Regal Technologies*
Editor’s Note: Below are a few interesting tidbits AR.net discovered from industry players during last week’s Accounts Recovery Summit. Take a peak:

…

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Added by Accounts Recovery on February 2, 2011 at 9:30am — No Comments

Besides Money, What Other Incentives Inspire Better Performance from Collectors?

*Support from Regal Technologies*

SAN DIEGO – Among the dozens of questions asked at last week’s Accounts Recovery Summit, one stood out from the pack to me, as it addresses one of the top issues ARM players face: motivation. Specifically, an attendee asked: How can I incentivize my collectors to… Continue

Added by Accounts Recovery on February 1, 2011 at 3:00pm — 6 Comments

Increasing ARM Competition Raises Importance of Training

*Support from Regal Technologies*

SAN DIEGO – Quality control is crucial to success, especially considering the overall state of the ARM industry: rough. Gone are the glory days of easier collections. Streamlined staffs, less paper and greater competition are three factors making training more important in ARM players’ operational plans.
While at …

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Added by Accounts Recovery on February 1, 2011 at 11:00am — No Comments

APOLLO EXPANDS PRODUCT SUITE WITH THE TRUECOMMAND™ COCKPIT COMMAND AND CONTROL SYSTEM

FOR IMMEDIATE RELEASE

APOLLO EXPANDS PRODUCT SUITE WITH THE TRUECOMMAND™ COCKPIT COMMAND AND CONTROL SYSTEM

Long Beach, CA, January, 27, 2011 – Apollo Enterprise Solutions, Inc, (“Apollo”), a leading provider of advanced solutions for improving operational efficiencies, outcomes, and customer experiences for banks, lenders, and other credit products marketers, launches its newest TRUE module, the…

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Added by Apollo on January 27, 2011 at 2:15pm — No Comments

The Good and Bad News for ARM

I’m just back from the seventh annual Accounts Recovery Summit and it was certainly a meaningful conference. We had more participation from first- and third-party collectors this year, and that made for some spirited panel discussions and robust Q&A from the audience.

So what are my takeaways?…

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Added by JJ Hornblass on January 26, 2011 at 9:00am — 9 Comments

Businees praposal

Agency or Organization looking to start business in MUmbai ( India, Dombivili) or outsource. I have a space around 100,000 sq ft surrounded by 97% litrecy rate.

Can have more than 2000 people working together. If any one would like to discuss can mail me there number on my mail id sajan.tandon@poloqueen.com

Added by Sajan Tandon on January 21, 2011 at 5:22pm — No Comments

Social Sites for Skip Tracing Purposes Are Last Resort, Say ARS Panelists

*Support from Regal Technologies*

Sometimes the latest and greatest isn’t always the greatest.
With the buzz around social media and how it might ease skip tracing efforts for third-party agencies and creditors ignited for months, a number of ARM players have waded into using using them for skip tracing purposes. But what sort of results are they seeing? Apparently, not…

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Added by Accounts Recovery on January 20, 2011 at 9:00am — 7 Comments

PR: Apollo Issued Additional United States Patent for Its TRUECollect System

Long Beach, CA, January 19, 2011 – Apollo Enterprise Solutions, Inc, (“Apollo”), a leading provider of advanced solutions for improving operational efficiencies, outcomes, and customer experiences for banks, lenders, and other credit products marketers, announced today that it has been issued an additional patent by the United States Patents & Trademarks Office using a rules-based decision engine to process a user’s financial status data and then present an offer set…

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Added by Ian Littauer on January 20, 2011 at 8:43am — No Comments

Credit Reports – Medical Debt

Is there a opinion on whether medical debt constitutes a credit transaction and allows for a permissable purpose to pull a credit report?

Added by Eric Boone on January 18, 2011 at 3:34pm — 6 Comments

Interactive Data Reduces Its Clients’ Litigation Exposure

Interactive Data Reduces Its Clients’ Litigation Exposure

Press Release

January 19, 2011

Interactive Data’s SSN driven FDCPA/TCPA litigation database, in partnership with FDCPA Case Listing Service, proactively identified over 1.5 million litigants for their customers in 2010, reducing their exposure to potential FDCPA/TCPA litigation defense costs by over $4.7B for the year. John Schaeffer, managing member of Interactive Data, LLC said “Our proprietary… Continue

Added by Jennifer Hart on January 18, 2011 at 1:30pm — 1 Comment

PR: ER Solutions, Inc. joins Tech Lock Certified™ Program

Chicago, Ill. (January 17, 2011) – Tech Lock, Inc. announces the joining of ER Solutions, Inc. to its Tech Lock Certified™ program. Tech Lock Certified™ is a holistic compliance assessment designed to provide agencies cost savings by combining multiple regulatory and industry standard control objectives into a single audit that provides their clients with a true data security compliance validation. A Tech Lock Certified™ assessment is based on a pre-determined set of…

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Added by Ian Littauer on January 18, 2011 at 11:00am — No Comments

FCRA requirements for permissable purpose change…

Petition for Writ of Certiorari in Pintos Denied

I can see that this is going to be miserable to our industry.  Obviously the biggest concern in my mind is what the bureaus are going to require for agencies to pull a simple credit report.  Will you have to review every account?

Added by Mark Shapiro on February 6, 2011 at 1:32am — No Comments

A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.

Waiving rights under California Civil Code section 1542 is so routine, many attorneys mistakenly use the pre-2005 version of the section (which added “or her” in three places). Releases are among the most copied documents amongst lawyers. The problem is that some copy verbiage that does not necessarily apply in every situation (for example the Insurance Code verbiage where there is no insurance carrier is involved).

In a case where there was no express California Civil Code section 1542 waiver, the court still found that the release waived all claims:

Plaintiff testified he understood he was releasing claims arising under all statutes the agreement referred to, even those he did not understand. This knowledge is sufficient to withstand the provisions of Civil Code section 1542. Nothing in that statute requires that it be designated in the release or that a party specifically waive its provisions. While it might have been more comprehensive to have a reference to Civil Code section 1542 in the release, “ ‘To be effective, a release need not achieve perfection….’ [Citation.]” (Skrbina v. Fleming Companies, supra, 45 Cal.App.4th at p. 1368, 53 Cal.Rptr.2d 481.) Thus, as to defamation and the overtime claim, the release is enforceable. Perez v. Uline, Inc. (2007) 157 Cal. App. 4th 953, 959,

Even when the release recites a waiver of California Civil Code section 1542, that may not be enough to actually waive the rights and release the tortfeasor:

Furthermore, mere recital, as in the release signed by plaintiffs, that the protection of Civil Code, section 1542 is waived, or that the release covers unknown claims or unknown parties is not controlling. Whether the releaser intended to discharge such claims or parties is ultimately a question of fact. Leaf v. City of San Mateo (1980) 104 Cal. App. 3d 398, 411, 163 Cal. Rptr.

That does not mean that the obligations are not discharged at the time of signing. Some cases find that mistake or fraud require the release’s rescission. Some cases find that the waiver is valid, based on the facts of the situation:

Review of the circumstances confirms our interpretation that the release was designed to extinguish all claims extant among the parties. First, Winet was represented by counsel and was aware at the time he entered into the release of possible malpractice claims against Price relating to certain services Price had rendered to him. With this knowledge and the advice of counsel concerning the language of (and the import of waiving) section 1542, Winet expressly assumed the risk of unknown claims. Second, it is significant that the parties were able to, and did, fashion language memorializing their agreement to preserve identified claims from the operation of the release when such was their intention, specifically, the Canoga Storage Partners, Ltd. malpractice claim exclusion. Finally, Winet was represented by his own counsel, who explained to Winet the import of the release in general and of the waiver of section 1542 in particular. Under these circumstances we may not give credence to a claim that a party did not intend clear and direct language to be effective. (Bodle v. Bodle (1978) 76 Cal.App.3d 758, 764, 143 Cal.Rptr. 115 [“Where a formal contract has been prepared by persons learned in the law, the words should be given their ordinary legal import.”].) Winet v. Price (1992) 4 Cal.App.4th 1159, 1168.

The moral of the story is that claimants and their attorneys should very carefully review any release before signing. If specific causes of action or claims need to be preserved (for example, insurance bad faith), they should be expressly removed from the release. The release should not be boilerplate that does not apply to the situation, and should be narrowly tailored to the facts of the situation. The should be satisfied with the deal before signing the release, because there may be no opportunity to undo the deal after the release is signed.

The information you obtain at this blog is not, nor is it intended to be, legal advice. No attorney-client relationship is established by reading or commenting on this blog. You should consult an attorney for advice regarding your individual situation.

ATTITUDE: Adopt a straight, professional business-like attitude. You have a contract, you delivered the goods, money is owed, and you have a right to expect payment. Never let it become personal. Don´t yell or raise your voice; and NEVER swear. Don´t threaten; legal action is your recourse.

CONTACT: Make sure you´re talking to the right person. Don´t let the individual brush you off with “You´ll have to talk to the bookkeeper.” Identify the person who will pay the bill. If you can´t get through after several calls, tell the secretary that you know your calls are being screened. Indicate the purpose of your call and if necessary give deadlines.

CONTROL: Control the conversation. Keep it focused on the debt and on the repayment schedule. Don´t let the customer sidetrack you with personal history, excuses, etc. Remember, the object of your call is to collect money, or get a commitment, not to become buddies with the customer or win arguments.

FLEXIBLE: Be ready to adjust to the situation. Think about the kind of customer you´re dealing with and adapt to meet the circumstances. Be prepared to accept a reasonable payment schedule, and a willingness to deal with a customer´s circumstances.

NOTES: Keep detailed, accurate notes of every contact with the customer. Probe for further information on the customer. Notes of these contacts will help you in subsequent phone calls, and may be invaluable in litigation. Good notes will also help in further credit decisions, or in cases where skip tracing may be needed.

PRODUCTIVE: Keep contact brief and to the point. This is a business call, not a social one. View your efforts on a ratio of time expended to results achieved. Long conversations probably mean the customer is stalling you, or trapping you in the buddy syndrome.

PRECISE: Never leave a contact open ended, such as “We´ll talk next week,” or “I´ll send what I can.” Every contact should result in a commitment to payment, of a specific amount, by a specific date, even the check number the customer is using to pay the pledge.

TIME: The longer an account is held, the less likely it is that it will be recovered. If payment or a payout is not arranged within 90 days, place the claim with a collection agency or start legal proceedings.

PLACEMENT: Use only an agency that is a national debt collection agency. This will insure that you´re dealing with ethical professionals who are fully bonded to guarantee your remittance.

Visit these debt recovery resources and links for valuable information. Whether you’re a consumer or business owner, you’ll find these resources very useful.

Index Page To Our Recommended Resources Pages:

Understanding the debt collection laws regarding collection and recovery of debt will enable you to make legal contact with the debtor and will allow you the best opportunity to collect on the debt owed to you. As a small business, finding the way to get funds paid to you is the goal. Yet, the law may seem to get in the way sometimes. Do you know what you can and can’t do when trying to collect on a debt? Our debt recovery information, resources, and education can help guide you in the right direction.

Contacting Your Debtors

Debtors are protected by the Fair Debt Collection Practices Act, or FDCPA, which prohibits any form of abuse on the behalf of the creditor looking to collect on the debt. This doesn’t mean you can’t collect the debt, only that you must follow specific ruleswhen doing so. For example, you may not contact a person owing you money before 8 am or after 9 pm. You should not contact them at work, but if you do, and they ask you not to do so again, you must abide by this rule.

Read more recent FTC proposals to the Fair Debt Collection Act,
and how they affect both consumers and debt collection agencies.

Collection agencies are also taking more proactive measures to address abusive industry practices and operate within the federal debt collection law.

Also, learn about recent amendments to The Fair Debt Collection Act, enacted in The Fair and Accurate Credit Transactions Act, or FACTA, and how it relates to consumer access to their credit information and protections from identity theft.

Learn about The Fair Credit Reporting Act and its requirement that business owners report accurate debtor information to the credit bureaus.

Read about The Gramm-Leach-Bliley Act and how it affects your business regarding the handling of customers’ private and confidential information.

Read the latest industry news, updated daily about debt collection laws.

Other debt collection laws you should know about include:

• You may contact a third person but only to inquire about the best way to reach the debtor, and usually only one time
• If the debtor believes they don’t owe you money, you must provide them with a letter documenting what they owe, how they should pay it and how to correct the situation, within 30 days of the request
• You may not falsely imply that you have attorneys working for you, or that any government agent is working on your behalf
• You cannot tell the consumer they will be arrested if they don’t pay the debt
• Only authentic information can be given about the debt, and the creditor must give their real name during conversations when asked for it

What You Can Do

Understanding the full extent of the small business collections is important. As a creditor you should take the time to thoroughly understand them. When you find you do need extra help, hiring a third party debt collector is often the best route to take. They will work with you and the debtor to get the debt settled and to get the best results possible. You have rights, too and these professionals understand them well.

To learn about your options for debt collections, ask questions about debt collection laws, and to obtain guidance on the best approach to take with your specific debtor(s), please contact us for a free initial evaluation of your circumstances Just click this link. Our extensive debt collection experience and expertise can help you discover the fastest and most effective debt recovery method for your specific situation.

Credit scoringis used by credit granters and financial institutions to measure and evaluate the creditworthiness of an applicant desiring credit. Based on probabilities, and using mathematical algorithms and formulas, they’re used to assess potential risk exposure from a lending situation.

However, when it comes to your receivables and delinquent accounts, debt scoring serves a different function. You’ve already extended credit to these customers, and as a result, a portion of your receivables goes unpaid.

Imagine though if you had the ability to predict, with reasonable accuracy and precision, which of your debtors are likely to pay you, and which ones aren’t? If you had access to this valuable information, you would certainly spend the lion share of your activities in going after the accounts with a greater probability of paying.

Why Debt Scoring Of Your Delinquent Receivables?

Businesses with a sizable portfolio of debt, as well as companies that experience ongoing and continual delinquent receivables, such as banks/credit unions, medical facilities and hospitals, manufacturers/distributors, telecommunication companies, utilities, etc., can benefit greatly by having this tool.

By having the ability to take a “birds eye” look at their debt portfolios, and being able to reasonably predict the accounts likely to pay from the difficult accounts, can help them to focus on the accounts with the greatest potential.

It should be noted that for any given portfolio of business debt, about 90% of successful debt recovery is garnered from 50% of those delinquent accounts. Knowing which 50% to go after is very valuable information to have!

Some collection agencies offer this, either as an add-on service for a small fee. Depending on the organization and the size of the debt portfolio, the fees for debt scoring can be negotiated, or there could be no additional costs at all.

In researching a debt collection agency, having this additional debt scoring ability can mean substantial costs savings to your business.

Advantages To Scoring Your Debt Portfolio

• Score your debt portfolio according to the probability of debt recovery by assessing individual accounts
• You can focus your internal collection efforts on the accounts with the ability to pay, thereby reducing internal staffing costs and requirements
• You can know immediately the “problem”, more difficult accounts to outsource to a third party debt collection agency
• You can often do debt scoring of accounts on a batch basis, with results returned quickly
• Debt scoring can usually be done pre- and post-default. For instance, with banking and credit union loan and/or checking and share draft accounts, scoring can predict which accounts to work internally, before they default. The others can be outsourced to debt collection agencies quickly, before these accounts depreciate even more in recovery probability.
• Reduced collection costs by customizing collection strategies based on level of difficulty.
• No costly software purchases required as results are downloaded via secure online access

If your business or organization is interested in getting a scoring analysis of your debt portfolio, fill out the quote form below, and notate it in the “Notes” section, that you’re interested in debt scoring your portfolio. Click this link  One of our consultants will contact you within 24 to 48 hours.