Tag Archive
What Is A Collections Account? Collection Agency Basics Part One
The definition of a collection account is an account with delinquent payments that have been forwarded to a debt collection agency, typically when the bill has fallen ninety to one hundred and twenty days late. Creditors will either attempt to collect their debts themselves, or more often send unpaid accounts to third party collection... »
Debt Collector Basics: Who They Have To Answer To Part Two
In the first article of this series I explained what a collections account was. It is a delinquent account that generally runs 90 to 120 days late. Collections accounts will either be collected by the original creditor itself, or sent out to collection agencies. Sending an account out to a collection agency benefits the... »
Introduction To Debt Collectors: Part One
Debt collectors are separated into third party and in house collectors. In house collectors work directly for creditors. Oftentimes, creditors will utilize a company name, address and phone number that is separate to create the impression of an "outside" agency. This because of the idea that debtors will take communications from a separate agency... »
The Credit Score Basics
Your credit score, and your criminal record. Both depend on your past actions, both can make you or break you, and both follow you around for a really long time. But, only you, and maybe your lawyer, know your criminal record. Your credit score is a whole other story. It can be pulled when... »
Returning Home: How Adult Children Moving Back Can Be Helpful
At the current moment, we're in a recession that has left millions of people without employment, and millions more searching for ways to save money and cut down on costs. As more people lose their jobs, those with less experience will find the most difficulty, leaving younger workers and recent college graduates being hit... »
Understanding Stocks For Beginners Part Two
In part one of my primer course on stocks, I informed you that companies divide stocks into shares, and that each share represents a portion of ownership. I let you know that shares may come with different ownership rules, privileges, or share values. I also told you about the two forms of stock: common... »
Medical Collection Agencies Assist Software Developers Sell Produt
iVolution Medical Systems, a West Hampton, New York located health care systems firm, is taking a different approach. The 4 year-old company, started by former Wall Street consultants to the health care industry, entered the medical receivables space by receiving experienced billing and collections companies. First there was Professional Health care Billing Services (PHB)... »
Walking Away From Your House Is Not The Best Solution, Even With The Real Estate Crisis
In the midst of the real estate boom, a number of homebuyers extended themselves financially to buy a house that may have been beyond their means. With the market on fire, people were prone to buy with low introductory interest rates and interest-only loans. They believed that their income would increase to meet their... »
Collection Industry Prepares For Young Adults
The most current analysis of the American economy shows that incomes are decreasing for those just begining. The Collections Industry has reason to believe that this paradigm shift will be permanent. »
Bill Collectors On The Phone
If you owe money to a creditor debt collection agencies can report your debt to credit bureaus, file suits against you, and should be taken very seriously. The best way to protect yourself and your finances is a methodical approach. First, know why you are being contacted. Know what the debt is from and... »
