Lombard, IL — On January 1, 2008, Stoneleigh Recovery Associates, LLC, began requiring classroom training, testing, and re-certification for all collectors as part of the company’s formal new-hire training program as announced by the company president, Rudy Knepper. In addition, Stoneleigh Recovery Associates developed a continuing education program for their employees as part of its [...]
NEWARK, DE – SIMM Associates, Inc. announces the addition of John Rutkowski to its executive staff. John will become the Department Manager for the new Probate Collection Division of SIMM Associates, Inc. “John brings years of direct creditor management and third-party probate recovery experience to our company”, comments Jeff Simendinger, SVP and COO of SIMM. [...]
A collection agency in Minnesota announced that it will donate $100,000 to the St. Cloud Hospital?s Women & Children?s Center
Charge Card Systems (CCS), a nationwide leader in credit card processing, is pleased to announce that Mike Martell has recently joined the company as VP of Global Sales – Specialized Markets. Mr. Martell comes to CCS with over 20 years of experience in the Collections industry, previously working with First Data, eFunds/ChexSystems, and Online Resources [...]
The Commercial Collection Agency Association (CCAA) of the Commercial Law League of America (CLLA) reported that business-to-business accounts its members received during the first quarter of 2010 declined by approximately 12%. However, in the last twelve months CCAA members have received a record account placement with $17.5 billion in business-to-business accounts placed for collection. Emil [...]
WARREN, Mich. — Asset Acceptance Capital Corp. (NASDAQ: AACC), a leading purchaser and collector of charged-off consumer debt, announced today the appointment of Reid E. Simpson to the office of Senior Vice President and Chief Financial Officer, effective May 17, 2010. He succeeds Mark Redman, who announced his resignation in January 2010 and plans to [...]
The large debt buyer reported earnings near the breakeven point in Q1 on a drop in cash collections. Asset Acceptance also disclosed a pending settlement with the FTC over FDCPA and other charges.
Expenses still too high to match performance in the lingering recession? Consider lease restructuring.
Los Angeles and Alexandria, Va. — Vengroff, Williams and Associates (VWA), Inc., the global domain leader for Order to Cash Business Process Outsourcing, today announced a strategic partnership with the American Moving & Storage Association (AMSA) that enables VWA, as the association’s exclusive partner, to provide third-party collection services at a reduced rate to AMSA [...]
Oslo, Norway — European accounts receivable management firm Aktiv Kapital reports first quarter 2010 portfolio collection of $62.9 million, compared with $83 million in the first quarter 2009. As a consequence of few portfolio acquisitions, this decrease is in line with expectations. Operating profit was $17.6 million for the quarter, compared with $20.8 million the [...]