Collections Articles

These Collections articles will give you the news and information you need to stay up to date in the ever changing Collections industry.

September 6, 2013 – 2,319 views
Collections Training Resource
While it is now a routine to use telephone for debt collections, it is noteworthy that telephone collections must be made under the guidelines of the TCPA 1991 which is designed to protect the rights of consumers and to keep them safe from the agents who harass them. A set of rules and regulations define the norms to be followed in such cases... Full Story 
September 2, 2013 – 1,972 views
Collections Training Resource
One of the most effective ways to reach debtors who have skipped out on a debt is simply to call third-party contacts, including friends and family members, who are likely aware of the debtor's location. This is most effective when trying to locate intentional debtors, but it may also be useful when seeking out unintentional debtors in some cases. Friends and family members are often... Full Story 
August 20, 2013 – 1,753 views
Collections Training Resource
While many of us may cringe at the thought, debt collections are a very important part of any business. If you own or are a senior manager in any small or large-scale corporation, you will realize how much lost funds through defaulters can harm your company’s potential and ability to grow. A number of companies are turning to social media collections as a way of recouping any funds lost through defaulting customers, but it is important to know when to draw the line... Full Story 
August 1, 2013 – 852 views
Collections Training Resource
The FDCPA (Fair Debt Collection Practices Act) is an important aspect of the current state of our society, especially given the fact a number of people are unable to pay the full amount of their debts. The FDCPA is geared at making sure that an individual’s basic humanity is respected. It ensures that debt collection agencies do not stoop to employ any underhanded or illegal methods to recover debts that are owed... Full Story 
July 19, 2013 – 1,080 views
Collections Training Resource
Debt collection is a vital part of the entire banking industry not only in the United States, but also all over the world. With the current economical environment not being the friendliest in recent memory, it is easy to understand why many lending financial corporations do not extend more trust to their customers than what is printed on the agreement. Email collection risks are something that many financial firms need to understand better in an effort to make sure that they stay on the right side of the law... Full Story 
July 10, 2013 – 883 views
Collections Training Resource
The world’s economy has only now, after a few years, started to get to its feet after one of the worst banking crisis that many people remember. So, it is understandable to see why many banking institutions around the globe are worried about making bad decisions. Bank stress tests are a growing trend all over the world and are designed to make sure that banks and their employees make the best calls with respect to giving large loans. Being able to foresee the future is impossible, but making sure that any foreseeable problems can be nipped in the bud is essential... Full Story 
June 20, 2013 – 877 views
Collections Training Resource
Fraudulent transfer is not uncommon. It is a debt transfer with malafide intentions to subvert a creditor’s attempt to make collections against assets. Typically, a debtor sells every asset he/she has to their spouse or any other person at incredibly low prices so that the creditors do not take away their assets... Full Story 
June 10, 2013 – 1,016 views
Collections Training Resource
The greatest nightmare for a creditor is finding the missing debtor. If the missing debtor(s) can be located, the chances of recovery might increase. There are several strategies for locating the debtors using skip tracing tools, which include address search, first sweep, collection report, file one phones, collection recovery tool, credit profile report, social search, MetroNet, address update, and true trace. Each of these strategies may be used alone or in combination... Full Story 

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