http://www.insidearm.com/forum/index.cfm?forumid=1 FuseTalk Basic Edition http://www.insidearm.com/forum/messageview.cfm?catid=9&threadid=8347 2009-11-19T13:22:39 -05.00 Sandygpi 2 Well, here are a few things you might want to consider, even if you are currently using someone:

1. What are the licensing requirements in your state or in the state the locater
resides in? Many states have different laws that apply to person locate and
skip tracing. In my state, Florida, in order to do skip tracing one must
be a member of the Florida Bar, work for a member of the Florida Bar,
be a certified process server, or a licensed private investigator. For your
protection, and that of your client, make sure the person you are using or
are considering using meets all requirements.
2. What databases do they use to do the locates? If they are using some of the
many "information vendors" available on the Internet, why bother? Did you know
these "information vendors" sell information to any one with a credit card? In
other words, you could do the locate yourself, but the information may not be
current or accurate. The last thing you want to do is send a process server to
the wrong house. To be safe, hire a person or company that has met the
requirements of, and subscribe to private databases.
3. Is this person willing and has the ability to do some good old fashion detective
work? Even the best private databases may not have the information needed to
locate the debtor, in that event, doing some detective work is required. The
solution would be to hire someone with prior law enforcement investigation
experience.
4. Is this person easy to talk to? You need a good line of communication. Often the
complicated searches will take additional time and resources that you need to be
aware of, and approve of, before getting a bill much larger than expected.
5. Get a physical location. No reputable business operates out of a mail box or
only via a web site. Verify they have a valid business license and check with the
Better Business Bureau.

Keeping these 5 points in mind, and using your own common sense will spare you many head aces and make your client very happy. If you have any questions, please feel free to contact me at www.missinglocated.com.]]> http://www.insidearm.com/forum/messageview.cfm?catid=9&threadid=8346 2009-11-19T10:46:37 -05.00 collectiontool 7
In AZ anyway, are you allowed to add say a 40% fee to an account as a collection fee when it is assigned to the agency? I did not think you could legally attach that large of a fee if any.

I know of an agency that is adding a 40% collection fee to the accounts that my OC is sending files too. These are PDL accounts.

Any help would be great

Tool]]> http://www.insidearm.com/forum/messageview.cfm?catid=9&threadid=8345 2009-11-17T18:20:49 -05.00 Scott Grider 2
I have had a debt collection business for about 6 years. My primary clientele are small to medium size medical and dental offices. I have learned that selling debt collection to these type of clientele doesn't require lots of detailed analysis. ....just enough to be trusted as a credible agency I always show testimonial letters from satisfied clients, my BBB membership, agency license, and then explain the age old common services that agencies offer and what everyone always wants to see:

sending letters(I show copies of the letters)
explain we contact by phone on a contingency fee
we sue accounts, get judgments and credit report

I have an illustration that shows this 3 step process and what fees we charge at each stage. As well, I have my own website that allows them to manage their collections online....placing accounts, etc...I show this to them as well.

This along with being well-dressed and well-spoken does the trick with them. I close about 70% of business I meet with nothing fancy other than what I expained above.

I now want to start going after hospitals and grow my business .... Anyone here sold to or presented enough hospitals to offer some insight?

I know everyone in business ..especially hospitals.....hears the same ole thing from every collection agency...collections is collections....so I know that standing out as a better solution to their needs is important.

my question is: would my standard presentation stuff above pull it off with a hospital....or are there more specific ,detailed, or fancy things they will ask for that I should be prepared for to convince them to try me?

WHAT DO HOSPITALS ASK FOR OR EXPECT TO SEE (outside the normal mumbo jumbo)THAT WILL COMPEL THEM TO SAY YES.....I WILL TRY YOU OUT?

Just trying to get a feel on if I need to come armed with many more things outside of my norm to earn their business

Advice from anyone who has sold a hospital and/or has knowledge of what to present to earn their business is appreciated.

Thanks,
Scott]]> http://www.insidearm.com/forum/messageview.cfm?catid=9&threadid=8344 2009-11-17T10:40:16 -05.00 Sam Small 6 http://www.insidearm.com/forum/messageview.cfm?catid=9&threadid=8343 2009-11-17T09:32:18 -05.00 Gina McNaughton 1
The Financial Services Regulatory Relief Act of 2006 amended the GLB Act to require the agencies to propose a succinct and comprehensible model form that allows consumers to easily compare the privacy practices of different financial institutions, and has an easy-to-read font.

The agencies conducted extensive consumer research and testing in developing the model form issued today. Then they solicited public comments and considered those comments in developing a model form that is easier for consumers to understand and use. The final rule provides that a financial institution that chooses to use the model form obtains a "safe harbor" and will satisfy the disclosure requirements for notices. The rule also removes, after a transition period, the sample clauses now included in the appendices of the agencies' privacy rules.

The final model privacy form was developed jointly by the Board of Governors of the Federal Reserve System, Commodity Futures Trading Commission, Federal Deposit Insurance Corporation, Federal Trade Commission, National Credit Union Administration, Office of the Comptroller of the Currency, Office of Thrift Supervision, and Securities and Exchange Commission.


Statement by David Vladeck Director, Bureau of Consumer Protection,
Federal Trade Commission, (November 17, 2009)
http://www.ftc.gov/os/2009/11/091117glbvladeck.pdf

GLB Model Privacy Form Rule:
http://www.ftc.gov/privacy/pri...vacyModelForm_Rule.pdf

Model Privacy Form-- Opt-Out:
http://ftc.gov/privacy/privacy...s/PrivacyModelForm.pdf

Model Privacy Form--No Opt-Out:
http://ftc.gov/privacy/privacy...ModelForm_NoOptOut.pdf

FTC Joint Release:
http://www.ftc.gov/opa/2009/11/glb.shtm]]> http://www.insidearm.com/forum/messageview.cfm?catid=9&threadid=8342 2009-11-17T09:12:10 -05.00 BkAlpha 3 http://www.insidearm.com/forum/messageview.cfm?catid=9&threadid=8333 2009-11-11T12:00:44 -05.00 Tom Hyberger 4
Is this correct?

This seems to be overstepping the boundaries of the Illinois Court System.]]> http://www.insidearm.com/forum/messageview.cfm?catid=9&threadid=8332 2009-11-11T11:28:02 -05.00 aarg 8 http://www.insidearm.com/forum/messageview.cfm?catid=9&threadid=8330 2009-11-10T14:17:54 -05.00 Gina McNaughton 12 http://bit.ly/1FWhFG]]> http://www.insidearm.com/forum/messageview.cfm?catid=9&threadid=8328 2009-11-10T13:31:55 -05.00 Apex Credit Solutions 1