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A guest blog from Curtis Fort from the Construction Credit and Finance Group.

JSP Credit Management

After the 2008 recession, businesses began to rely less on traditional credit lines and more on factoring and accounts receivables. A debt collector works to make sure debts are paid and debtors’ rights are protected. Debt collectors can only perform certain activities in order to enforce debts.

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13 Surprising Factors That Affect Your Credit Score (and Why Small Business Owners Should Care)

Fundera

Unlike the IRS, your local municipality might report your unpaid tax bill directly to a debt collector. Such debts are often sold to third-party collectors, who report nonpayment to the credit bureaus, which will severely ding your credit score. It doesn’t matter if you reside in the jurisdiction where you received the ticket.

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Top 5 Debt Collection Posts of 2022: Crisis and Opportunity

FICO Blog

This frees up human collectors to spend more time with customers in forbearance situations that require empathy and consultation. Leaving contact data research to the individual collector is probably the most expensive approach. This is a perfect opportunity for digital debt collection. Then it is time for data research.

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The Moment These 7 Entrepreneurs Turned Their Hobby Into a Business

Fundera

The Art Collector. The biggest challenge was fast growth,” she says, citing 2004 and 2008 as particularly tough years. “Understand that you won’t know what you’re doing for a very long time,” he says, “and once you do know what you’re doing, start learning faster because you can never learn too much.”. Her advice for new entrepreneurs?

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RMAI Update March 2023

RMAi Blog

Nevada AB 223 – This bill would require debt collectors to provide a payoff letter within 10-days of a consumer request. New York AB 1035 – This bill would prohibit debt collectors from communicating with consumers through the use of email, text messaging, or private communication tools offered by social media companies.

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RMAI Update April 2023

RMAi Blog

Nevada AB 223 – This bill would require debt collectors to provide a payoff letter within 10-days of a consumer request. New York AB 1035 – This bill would prohibit debt collectors from communicating with consumers through the use of email, text messaging, or private communication tools offered by social media companies. NPAS, Inc. ,

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