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HOUSTON — In the midst of a struggling economy and reduced charitable giving nationwide, The Mission of Yahweh women’s shelter in Houston received a special gift this Christmas. Employees of United Recovery Systems, a leading account receivables management company, recently donated over $27,000 to the Houston-based home for women in crisis. "United Recovery Systems and [...]
Columbia, MD — Executives at Debt Shield, a Maryland-based debt settlement company, are alerting their clients and consumers everywhere about a recent survey demonstrating the growing success of debt settlement. About half of all collections agencies surveyed (54 percent) responded that “more settlement-in-full offers” were being extended to debtors, according to the recent Credit & [...]
After a long debate, the Senate passed their health care reform bill this morning. Now the bill will be merged with a House bill that was passed in November before being sent to the President.
CHENNAI, India — Polaris Software, a leading Financial Technology Company, today announced that Bank Sohar, Oman has signed up Intellect GUB 10.0* Debt Management solution, a comprehensive debt receivables management product from the Intellect suite. The solution will enable Bank Sohar, Oman’s fast growing Bank, to control receivables and minimize delinquent accounts. Polaris’ Intellect GUB [...]
The items below are excerpted from the Business Bankruptcy News Bulletin. A full issue contains information on dozens of troubled companies, as well as informational and analysis highlights. Please visit the insideARM bookstore for information on subscribing to the Bulletin. There are six main factors that contribute to successful leadership, including vision, motivation, strategy, faith, [...]
National Creditors Connection, Inc. has successfully completed the SAS 70 Type II audit conducted by Bronsky & Co. CPA Firm to provide the highest security standards for clients. SAS70 is one of the most widely recognized auditing standards for service companies. It was developed by the American Institute of Certified Public Accountants (AICPA) for service [...]
The Federal Reserve’s regulatory approach, rather than protecting financial institutions from insolvency, actually left banks exposed for the current financial crisis, according to a report Monday in the Washington Post. The Post said that the Fed started relying more on the banks’ own internal risk managers — who each had their own rules – rather [...]
MINNEAPOLIS – The International Association of Commercial Collectors (IACC) will hold its 39th Annual Convention on Jan. 14-16, 2010 at the Harbor Beach Marriott Resort & Spa in Ft. Lauderdale, Fla. The IACC convention is known for the openness in which participants share ideas and insights on industry success and for business-building network opportunities. For [...]
Consumer delinquency rates for bankcards, first mortgages and home equity lines of credit again rose month-to-month in November, according to Equifax Inc.’s (NYSE: EFX) monthly Credit Trend Report. Home mortgages at least 30 days late reached another record of 7.91 percent in November (in total dollars), up from 7.76 percent in October and 7.65 percent [...]
CHATTANOOGA, TN – For some, a bill collector may conjure up images of a nasty, threatening character. Some who might even visualize as the "Grinch" during the holiday season, but Dallas S. Bunton, Sr., CEO and Chairman of North American Credit Services and Medical Services of Chattanooga, is tired of being lumped in with the [...]