Collection scams have been around for a long time. In recent years, the collection industry's increasing vigilance has put those types of scams to rest, but the Internet has opened up a whole new world for clever scammers. In recent months, many have specifically targeted agencies and law firms engaged in the collection business. Scammers are continuing their work using an ever-changing series of bogus identities that are difficult to trace. Here are ways to protect yourself: 1. Awareness is the first step. 2. Beware of the attributes of these scams, and be suspicious of anything that resembles them. 3. When checking on the creditor or debtor, don't rely only on the telephone numbers that you are given. 4. Know your client. 5. The check is always the key factor in the fraud, and there i...
Sure. I think there can be silver linings in some of the challenges we face. Difficult times often result in new business models that are more focused, cohesive, efficient and responsive. Challenges give a real opportunity for companies to strengthen teamwork and resolve. It's also important to remember that clients are also facing many of the same challenges we are. They are looking for ways to retain customers while streamlining operations and reducing costs. That's a potential opendoor for new and deeper services with existing clients. We're always looking for ways in which we can improve the regulatory and legislative environment for our members. Obviously, we need to find a cell-phone/autodialer fix and we need a Foti solution to resolve the voicemail catch-22 dilemma. We've been w...
... policy issues facing the credit and collection industry, there has never been a busier time for a... began to snowball in the mid-1980s, as agencies started to convert to cardless collection systems....
... Offset and Referral to Collection Agencies. 512.10 - Collection by administrative offset. (a...
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