Monthly Archives: January 2008

Recession-Proof Your Career- Tips from the Wall Street Journal

I read a great article in yesterday’s Wall Street Journal written by Sarah E. Needleman, titled “How to Recession-Proof Your Career, Planning Ahead Can Boost Your Chances of Keeping, Finding a Job. Sarah’s Top 7 Tips! Stick Around. Be a … Continue reading

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Tougher Collections in 2008?

As Washington, the economists and the politician wannabe’s debate whether we are in a recession, many are taking steps to deal with the turmoil and aftermath a recession will bring. Falling house prices, tightening credit, the stock market, widespread consumer … Continue reading

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Posted in Credit Crisis, Debt Collection in the News, Recession | Leave a comment

Who is to Blame for the Recession?

The press is blaming frugal consumers for the recession, since consumer spending is down – the media says – “There goes the economy!” Of course spending is declining, have you seen the price of milk lately? Never mind the price … Continue reading

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Study Accuses Bush Administration of Lying Its Way Into Iraq

US President George W. Bush and his top officials ran roughshod over the truth in the run-up to the Iraq war lying a total of 935 times, a study released Wednesday found. Bush and his then secretary of state Colin … Continue reading

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Posted in Being a Great Collector, Credit Crisis, Debt Collection in the News, Education, Honesty & Integrity, Recession, Training | Leave a comment

Top 19 ways to Recession Proof your Business or Career TODAY

If you plan ahead you can survive the recession with a positive outlook and some specific actions. Invest in education: Continue to educate yourself, attend seminars, free online webinars, read books and trade magazines, keep up to date on what … Continue reading

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Advise your clients to batten down the hatches on their A/R

The credit crisis puts the market into a spin with no painless remedy available. More write-offs, more layoffs, more foreclosures, bankruptcies and more businesses going under, all the more reason for your clients to put the squeeze on their credit … Continue reading

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Subprime Mortgages not the only Bad Loans

Bank charge-offs on bad commercial and industrial loans more than doubled in the third quarter, evidence that the subprime mortgage woes have overflowed into other lending activities. According to Dick Bove, an analyst with Punk Ziegel, “We are seeing a … Continue reading

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Predatory lending or predatory borrowing?

Most of the news stories about the sub-prime mortgage fallout have focused on the lenders but there has also been a lot of “predatory borrowing” which contributed to the problem. The New York Times reports that as much as 70% … Continue reading

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Bankruptcy for Homeowners

2004 was the last “normal” year for the number of bankruptcy filings, the New York Times reports. 2007 filings rose 40% and have been rising steadily since then. There are two types of bankruptcy that can be filed, Chapter 7 … Continue reading

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Will the bottom fall out of Real Estate?

Both commercial and residential real estate is suffering and everyone is wondering how much worse it is going to get. 2007 has been the most painful year in decades for residential real estate as defaults on sub-prime mortgage loans created … Continue reading

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