Monthly Archives: February 2008

Debt Collection Software

The National List of Attorney’s recently sent out their newsletter and had a great interview with the folks from Comtech, Collect! Software that I thought would be beneficial to my readers. One of the questions I am asked most often … Continue reading

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Posted in FAQ's, Software | 1 Comment

Negative-Feedback Loop

When things keep going from bad to worse you have what economists call a negative-feedback loop. Just look at the housing market, the New York Times reported yesterday that mortgages exceed the value of the home for 10.3% of the … Continue reading

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

Attorney Claims Debtors Harassed & Tortured Because they Avoided Paying Debts.

An online newspaper I had never heard of called Lancaster online ran a story about debt collection and how the people “who owe the money” are being “harassed” and “tortured”. These words come from Mick Ranck, a Lancaster attorney who … Continue reading

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Posted in Debt Collection in the News, Honesty & Integrity | 1 Comment

Debt Collectors acting like Rabid Pit Bulls Abound

I ran across an article by Bob Tremblay in the Milford Daily News with this sentence that caught my eye: Horror stories of debt collectors acting like rabid pit bulls abound. That really caught my attention and when I continued … Continue reading

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Posted in Debt Collection in the News | Leave a comment

Debt Industry Looks Ahead

In Monday’s Wall Street Journal, under Breaking Views and Financial Insight, they covered the American Securitization gathering in Las Vegas last week. Home loan defaults are still happening and the pain is spreading into other areas, such as credit cards, … Continue reading

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

Is the Troubled Economy affecting Bill Collectors?

Have any of you that collect money all day or who own debt collection agencies been affected by the subprime mortgage defaults and the impending recession? For example, how do your receivables or accounts place for collection compare to the … Continue reading

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

Will Stimulus help you Collect More Money?

The New York Times reports that six years after the last recession, some experts fear that the economy may be about to enter another slowdown just before the coming presidential election. How does this affect your collections? Many fear the … Continue reading

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

Review of DAKCS Debt Collection Software

I recently had the opportunity to have a free demo with Dakcs Collection Software systems and wanted to share my experience with you. Dakcs has been in the collections software industry for over 25 years, something I was not aware … Continue reading

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Posted in Software, Starting a Collection Agency | Leave a comment

Middle-Class Lifeboat

Careers and Life Choices for navigating a Changing Economy by Paul & Sarah Edwards. If you have started your own business or are thinking about it, you have heard of Paul & Sarah Edwards, they help people improve their lives … Continue reading

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Posted in Uncategorized | Leave a comment

What is an Automatic Stay in a Bankruptcy?

An automatic stay is a federal court order that prohibits of any attempts by creditors to contact you or to collect a debt. It goes into effect the moment you bankruptcy petition is filed with the court. This is a … Continue reading

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Posted in Bankruptcy, Education, FAQ's | Leave a comment