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Commercial debt collection is the practice of targeting businesses for debt repayment as opposed to consumers. While consumer debt collection is much more prominent on a volume basis, the large balances often associated with commercial receivables has fostered a robust sector in the ARM industry.
The International Association of Commercial Collectors, Inc. (IACC), the world’s largest international trade association for commercial debt collection companies, is pleased to announce that Coface Collections North America, Inc. of Kenner, Louisiana has successfully completed the process to become an IACC Certified Commercial Collection Agency on April 24, 2013.
Harvest Strategy Group Inc. is pleased to announce that they have been selected by GM Financial as its service provider for a national litigation recovery program. HSG was chosen after a lengthy and thorough due diligence process. CEO David Ravin stated: “We are very proud to have been selected by GM Financial to meet their legal [...]
Oh good! An article that’s going to lay out how CFPB exams will change the debt collection industry. You guys! We’ve been waiting for this! (Spoiler Alert: Objects in the American Banker headline may appear more helpful than they are. Oh, and the FTC’s unverified data rears its ugly head. And they turn to a terrific representative of the collection industry for some quotes.) I bet you can’t WAIT to jump right in!
Whether to sell your business or not, that was the question. You and your team labored long and hard, building a successful middle-market business and now you’re at the point in your career when you’ve decided that you want to sell it. Should you sell to a strategic, financial or an industry buyer? Lions and tigers and bears, oh my! Not quite, but the choices could be overwhelming.
The Commercial Collection Agency Association reported Wednesday that accounts placed with CCAA members increased only slightly in 2012. The total dollars placed for collection increased by approximately 1.09% and the number accounts increased by less than one percent.
Today, February 25, 2013, The National List published the white paper on debt collection law in Iowa, written by attorneys Mark U. Abendroth and Thomas E. Sherzan, and their law firm Abendroth and Russell, P.C. The firm has been a member of The National List since 1996. Founded in 1987, Abendroth and Russell, P.C. is [...]
Experian®, the leading global information services company, today announced new enhancements to its Collections Recovery Tool(SM), a commercial skip-tracing service that increases opportunities for collections professionals to collect on outstanding obligations
The International Association of Commercial Collectors (IACC) recently elected its board of directors for the 2013 year during the association’s 42nd Annual Convention in Miami Beach, Fla.
If you have to sue your business customer for unpaid invoices, would you rather sue where your company is located or where the debtor company is located? That’s a decision that can have far-reaching implications down the line.
Russia has a large and re-emerging economy. And the nation already has a fairly mature ARM market. Here’s a look at Russia from a debt collection professional’s perspective.