I n short, the primary beneficiaries of such suits are the Attorneys, but the actual consumer may be surprised to find out how these suits affect them. Some Attorneys use the inconsistent state and federal consumer protection laws. These Attorneys look for fast settlements because the Collection Agency will have to spend much more money […]
Category: blog
A recent survey of the Consumer Debt Collection industry 2013 figures produced some interesting results. If you use a Debt Collection Service, you might be shocked. Across the United States about 1 billion accounts were sent to debt collection services. These accounts were worth 756 billion in collection for an average claim of $756. That’s […]
Auto-Dialers are used by many Debt Collection Agencies to increase the productivity of Debt Collection Agents. These devices send simultaneous messages to a lot of Debtors at the same time. Most people easily recognize these robotic messages and don’t even bother to pick up the phone, a few, however, want to resolve the debt and […]
It is becoming obvious that you need to add extra fees or interest in your Contracts in order to help recover the cost of Debt Collection. In a significant ruling, the Ninth Circuit Court in California ruled that such fees can only be added to the original debt if they are part of a written […]
All new patients fill out information forms. By adding a few extra fields, they become far more valuable to your Practice. The extra information along with a quick glance for empty fields by your staff won’t take much effort but will dramatically improve the bottom line on your Finances. There are only two quick and […]
Corporate credit checking is important. Every now and then one of my clients calls me about a ‘sure thing’ they want me to collect. It is a major company and they checked that the company is solvent and in the black. ‘This collection will be easy’ I am told. Quite often they are checking the […]
According to the American Collectors Association you can expect a return of 21% on non-hospital medical bills. Every prospective client asks me about our rates for debt collection. It’s the first thing we think of to separate prospective vendors when we have to make a choice. We all talk in terms of ‘What is the […]
Executive Credit Management, Inc. has expanded north to offer our flexible, low cost Debt Collection products to the State of Connecticut. Long known for an exceptional recovery rate, we are registered as a Debt Collection Agency with the State of Connecticut, compliant with Connecticut Debt Collection regulations and consistent with the needs of Connecticut businesses […]
Some NJ Legislators consider the request of a credit check in the screening process discriminatory. A new proposed law (A704) is now in the NJ Assembly. The law would allow for credit checking for a position where sensitive financial information is available to the employee or for occupations requiring a credit check such as law […]
C lient referrals over the years have been wonderful and we are truly grateful for each referral we receive after a job well done. If there is anyone you know that needs a debt recovery or applicant screening services, please send them our way. Apartment owners, medical practices, and small business owners are all welcomed additions to our client […]