A report by the Institute for College Access & Success (TICAS) suggests student loan debt is a growing problem for graduates as well as academic institutions and lenders. “Student Debt and the Class of 2015,” an eleventh-annual report, was published on October 18, 2016 with statistical analysis about recent graduates. The 24-page study finds “wide…
In late July, the Consumer Financial Protection Bureau (CFPB) released an outline of its proposal to tighten up the highly regulated debt collection industry. These recommendations are mostly targeted at the debt buying industry where debt can be bought and sold many times over, thus moving it further and further away from the original debt…
In the dark ages of debt collections, some agencies had to be pulled kicking and screaming from the depths of questionable business practices. Things have changed. The face of the modern agency now reflects a commitment to debt collection compliance with all state and federal regulations. It has taken enormous resources to reach the current level of respectability, but the efforts have paid off in higher recovery rates for clients and greater profits for agencies.
A few popular clichés resonate in the business world as well as the personal space: “there are plenty of fish in the sea,” “leave no stone unturned” or “sometimes you have to kiss a lot of frogs before you find your prince.” Those words of wisdom are great if one has a lifetime to spare,…
Posted by Andrew Donahey on Wed, Feb 08, 2012 Optio Solutions’ Linda Michieli and Christy Davies are exhibiting and speaking at the Society for Pain Practice Management’s Pain Management Billing & Practice Management Course on March 1st-4th, 2012 Las Vegas, Nevada. Linda will hold down the exhibit fort and be our on-site social media maven,…
There’s no sign of the hoarders trend slowing down, which is a good thing for your self-storage business. No matter how many units you manage at your site, the one thing that’s probably the biggest slow down in turnover is getting each spot revamped for its new renter. Get ready to “clean up” in the self-storage race…
You don’t need an auto tiller to spread the seeds for a successful landscaping business. But as you know, a single instance of root rot can spread so quickly that it can kill your entire crop. Don’t let bad debt overcome you. Take root with these ideas on how to see more green. Trim and…
Expense control is a primary concern for any office manager. The vast majority of offices have at least a few major inefficiencies, ranging from unnecessary energy consumption to mismanagement of human resources. To build a more productive workplace, you should look for ways to reduce office expenses before you draw negative attention from upper management or…
If you’re looking to brush up on your accounting skills because of a promotion or a new job, or if you want to apply principles of good accounting to your personal finances, reading accounting books is an excellent place to start. Self-directed reading is a great way to learn about the subjects that interest you most, and it…
Rock Star, Cirque du Soleil juggler, Jack or Jill of All Trades, however you refer to an office manager, performance is primarily measured by one simple metric: how well his or her staff performs. Training the office staff to provide prompt and courteous service while handling day-to-day duties in a timely and efficient manner is…