Debt collection professionals — like those involved in finance, journalism, public relations and hundreds of other industries — are committed to following a strict code of ethics. Historically, the Hippocratic Oath taken by physicians is one of the oldest codes known to mankind. As the most authoritative trade organization in the global debt collections industry,…
DetailsBusinesses that employ a top performing debt collection agency receive time, resource and cost savings benefits as well as a favorable return on investment. Those in contract with an underperforming agency can experience less than optimal collection results and run the risk of detrimental data security breaches and or strained customer relations. To keep operations running smoothly…
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College students everywhere have one thing in common: the rising cost of tuition. This leads some students to take out student loans which may eventually become student debt, or even worse, accounts that end up in collections. Today, unpaid student loans are giving retired adults a similar commonality since the government is garnishing social security…
DetailsThe Healthcare Financial Management Association (HFMA) builds bridges between healthcare professionals and the financial aspect of the industry. HFMA’s goal is to establish a fiscally healthy industry, providing knowledge, education and resources for healthcare professionals to advance their careers and garner leadership tools via a Continuing Professional Education (CPE) program. The HFMA website includes forums…
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An estimated 37 percent of U.S. consumers carry telecommunications debt states “Consumer Experiences with Debt Collection,” a report by the Consumer Financial Protection Bureau. Published January 2017, the findings were released after reviewing data compiled December 2014 to March 2015. Large debt has been an industry liability since the boom years of the late 1990s,…
DetailsACAInternational.org, the online information center for the Association of Credit and Collection Professionals, is an all-inclusive website that is easy for debt collectors to navigate and comprehend. The site offers hundreds of pages under main navigational resources in the areas of Advocacy, Compliance, Education, Insurance, Events, Products and Membership. These channels are essential to debt…
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