What?s Most Important this Holiday Weekend
The beach is fun and hot dogs are delicious, but we should never forget the real purpose for Memorial Day.
FTRANS Closes $4 Million in Additional Funding
ATLANTA — FTRANS, a leading provider of accounts receivable and credit management solutions, today announced it has secured an additional round of venture funding, totaling $4 million. This new capital was provided by current investors Greenhill SAVP, New Atlantic Ventures and Total Technology Ventures. The funding will support company operations and sales and marketing expansion [...]
DANTOM Systems Enters the Tech Lock Certified Program
Wixom, Mich. – Recognizing the importance and complexity of the regulatory environment facing the ARM industry, DANTOM Systems recently entered the Tech Lock Certified™ Program, provided by Tech Lock. Once completed, DANTOM Systems will offer its clients the unique combination of both SAS 70 Type II audited controls and external validation of compliance with regulatory [...]
ARM Industry Veterans Launch New Call Center in Nevada
Henderson, Nevada — Quality Receivable Management, Inc. (QRM), a leading provider of collection and customer care services to both retail and commercial markets, today announced its official opening. QRM’s executive management team has nearly 80 years of combined industry experience. The collection industry pumps billions of dollars back into the economy, suppresses interest rates and [...]
Medical Collectors Need to Move Up in the Cycle to Avoid Death
A fundamental shift in the healthcare revenue cycle paradigm will force ARM companies to move up in the payment cycle, or run the risk of becoming obsolete.
10 Questions to Ask Before Deciding to Sue a Commercial Collection Account
You placed your claim with a collection agency. They’ve done their best to collect, but the debtor just isn’t budging. They tell you that your only option is filing a law suit. That’s going to cost you some out-of-pocket expense for court costs and possibly non-contingent suit fees. ABC-Amega’s Vice President, International and Corporate Quality, [...]
59 Percent of Homeowners With a Mortgage Would Not Consider Walking Away From Their Home
SAN FRANCISCO – Trulia.com, smart real estate search to help you make better decisions, and RealtyTrac, the leading online marketplace for foreclosure properties, today released the latest results of an ongoing survey tracking home buyers’ attitudes towards foreclosures. The new online survey conducted on their behalf from May 10-12, 2010 by Harris Interactive® showed a [...]
Executive Change: Stellar Recovery Hires Garrett Schanck
Stellar Recovery, Inc. announced today the addition of Garrett Schanck to the Stellar Recovery and S&P Asset, LLC staff. Garrett will be working from the corporate headquarters in Kalispell, Montana. Garrett recently relocated to Kalispell from Tallahassee, Florida, where he has recently graduated from Florida State University with degrees in Applied Economics and Business. “Garrett [...]
Dept of ED Performance Rankings Reflecting New High-Stake Account Placement Rules
The U.S. Department of Education released performance results for April on its student loan debt collection contract. Now that performance impacts placements, there was shuffling among top performers.
National Auto Loan Delinquency Rates Fall More Than 18 Percent in Q1
The national 60-day auto delinquency rate (the ratio of auto loan borrowers 60 or more days past due) fell 18.52 percent between the fourth quarter of 2009 and first quarter of 2010 to 0.66 percent, according to a TransUnion quarterly analysis of trends in the auto industry. The year-over-year delinquency rate at the national level [...]