Debt Recovery Feed Link

Debt Recovery

Debt recovery typically refers to internal efforts at creditors to collect outstanding debt, similar to accounts receivable management. Most of the collection effort is conducted prior to a debt being charged off. Debt recovery is also used interchangeably with “debt collection” in many countries, notably India and those in Asia and Africa.

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Veteran-Owned Firms Sought to Collect Federal Student Loans

Collingswood, NJ: Fed Cetera has announced it is seeking veteran-owned, small-business collection agencies to respond to a Request for Information (RFI) to compete for new business collecting Federal student loans in 2015 and beyond. Such firms may be selected to work as Federal subcontractors on United States Department of Education (ED) Private Collection Agency (PCA) […]

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Graduation: ARM-U 2015 Highlights Need for Regulatory Clarity

Some questions had definite answers from panelists; however, many of the questions highlighted confusion within the laws and regulations themselves. While the FTC requires one thing, the CFPB may require something entirely different — and often contradictory. And because there is little cohesion among state laws, compliance suffers across the board. Still, even recognizing the areas of confusion can help an agency in their compliance plan. Better still, though, would be some kind of definitive answer.

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10 Questions to Ask your Vendor prior to Selecting your Collection Software Solution: Part I

If you are in the process of evaluating software solutions vendors to automate your first- and third-party collection requirements and whether you evaluate our DAKCS solutions or other industry competitors, we want to provide some guidance on the top 10 critical questions to ask your vendor candidates before you make the investment. In this blog post, we’ll look at the first five questions.