There’s an irritating dinner-party-conversation-starter topic about how, because of physics and aerodynamics, bumblebees shouldn’t be able to fly. It’s a ridiculous argument because: (a) bumblebees have been flying just fine since there were bees to bumble; and (b) it’s not like if you told a bumblebee, “Hey, you, with the bumbles: did you know you […]
The study compared private collections and IRS collections during four consecutive six-month intervals. Taxpayer Advocate Service found that while private collectors collected more tax dollars in the first six-month period than the IRS, over time IRS collections were more consistent. Private collection agencies had six months of success, before drastically decreasing the dollar amount and percentage of available taxpayer dollars collected.
Let’s check in with a guy and his thoughtful mustache posing for his senior photo on the state of today’s economy! “The deleveraging of America is over.” Yay! “Or mostly over.” Oh? “And that’s good news and possibly bad.” ::frustrated sigh:: Robert J. Samuelson, a syndicated columnist, is trying to run through our Economic State […]
Delinquencies for installment and home-related loans fell in last year’s fourth quarter as the economy improved and consumers conscientiously managed their finances, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin.
The Federal Reserve Bank of New York recently reported household credit data for the fourth quarter and full year 2013. It showed modest annual growth in most categories with only student and auto loans gaining significant ground.
Outstanding receivables and bad debt is increasing among hospitals in the U.S., even the non-profits.
The percentage of American consumers with at least one account in the third party debt collection system increased slightly in the fourth quarter of 2013 while the average balance of accounts in collection jumped for the second straight quarter, according to data released this week by the Federal Reserve Bank of New York (FRBNY).
The Commercial Collection Agency Association of the Commercial Law League of America reports that in the fourth quarter of 2013, the number of commercial (B2B) accounts placed with CCAA members decreased slightly by 5.70% when compared to third quarter of 2013.
Those in the collection business know that industry professionals and their agencies constantly seek ways to improve processes and be successful. With the constant demand to find the right solutions to our business objectives, it’s easy to forget the more basic components of success.
The U.S. Labor Department Friday issued an employment report for January that showed job growth far below expectations, but a dip in the official unemployment rate to 6.6 percent from 6.7 percent in December. Investors seemed to applaud the report, in part, sending stocks higher in Friday trading. Why?