debt collection values

The Mission of Debt Collection Values

There are certain jobs and industries where cutting corners is acceptable or even considered harmless. The accounts receivable industry, where debt collection values are revered, is not one of them.

“What harm,” one may ask, “is there in not fully complying with state and federal laws, or not documenting business activities such as letters or phone calls?” That type of slack may cut it in some sectors, but not in debt collections.

There are other ways to use and abuse reasonable and customary actions, including the harassment of consumers at their place of employment or contacting them during embargoed hours of the day.

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first-party debt collections

4 Reasons to Outsource First-Party Debt Collections

Some finance directors are convinced that handling all business functionality in-house is the best approach. After all, if one wants something done right, they do it themselves — correct? For others, especially those concerned with external breaches in data security, it’s a matter of keeping things close to the vest. Meanwhile, a third group of directors believes that purchasing expensive software to manage processes such as accounting, office management and online marketing is the way to go despite having to dedicate existing human resources (or invest in new ones) for program operations.

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