The accounts receivable management industry – from collection agencies to debt buyers, and even creditors – is currently enamored with using a legal collection strategy. As the economy recovers, that strategy might gain even more traction with the rise of employment, a key aspect in leveraging the legal channel through wage garnishment. But even taking [...]
Skip tracing is a high priority in any collections environment, and developing this skill set in your staff is absolutely critical. It will be even more imperative to have a retooled skip tracing strategy as new accounts flood the ARM industry in the midst of economic recovery.
LexisNexis Risk Solutions today announced the availability of LexisNexis® Accurint for Collections Skip Wizard, a new solution that simplifies skip tracing, turning novice collectors into skilled skip-tracers without expensive training.
Sometimes a little help can go a long way.
And skiptracers just got an assistance injection, with LexisNexis Risk Solutions recently unveiling a tool that helps users navigate the skiptracing labyrinth.
Consumer bankruptcy filings surged in 2009, as expected. More than 1.4 million consumer filings were recorded last year, the most since 2005, the year new bankruptcy laws went into effect.
Question: I understand the need to get notified when my accounts are included in bankruptcy petitions, but how do the notification services work?
When long-awaited bankruptcy reform legislation was passed in 2005, it came with a promise of lower overall consumer filings going forward and stricter rules for those that did seek protection.
Banko Events Monitoring automates bankruptcy filing research and helps debt collectors improve efficiencies, reduce costs and generate revenue
Posted by Mary Wisniewski, Collection Technology.net
Following constant change is no easy gig. And for the collections world, keeping up with bankruptcy updates is one particularly harsh headache, as events within a filing are fluid. Or to put it another way, the time requirement to comb through ever-changing court papers can be a beast.
People and businesses are filing for bankruptcy at a staggering pace, with 1.4 million petitions submitted in 2009, an increase of 32% from the previous year. The number is likely to jump higher in 2010.
Loading ...
