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COVID has infected your treasury. Smart leaders have added innovative remedy.

COVID has infected your treasury. Smart leaders have added innovative remedy.

COVID has opened the Pandora box of an unprecedented situation regarding cash management. As great as your usual debt collection strategy and actions on cash, DSO, dispute management might be, smart leaders are now thinking out of the box in creative cash management strategies.One of the options that provides powerful and potentially short term outcomes […] Read More

Debt Buyers — Shrinking Opportunities Amid Regulatory Reform

Debt Buyers — Shrinking Opportunities Amid Regulatory Reform

By Michael R. FlockAs the pool of available credit portfolios has shrunk, many debt buyers have failed to diversify into other types of credit. Michael Flock notes that specialty lenders need to develop new solutions for a wider variety of portfolio asset classes amid increasing regulatory challenges that are changing the playing field.The shrinking number […] Read More

Debtcatcher.com shortlisted as a finalist at this year’s Credit & Collections Technology Awards – Newcastle UK

Debtcatcher.com shortlisted as a finalist at this year’s Credit & Collections Technology Awards – Newcastle UK

#cctechawards2019 #debtcatcherInternational Technology Innovation categoryNewcastle September 12th 2019Let’s go get it ! Read More

Statutes of Limitations on Debts in the US

Statutes of Limitations on Debts in the US

State Oral Written Promissory Open Alabama 6 6 6 3 Alaska 3 3 3 3 Arizona 3 6 6 3 Arkansas 3 5 3 3 California 2 4 4 4 Colorado 6 6 6 6 Connecticut 3 6 6 3 Delaware 3 3 3 4 Florida 4 5 5 4 Georgia 4 6 6 6 […] Read More

Report On Risks In Online Debt Sales Market Is Released

Report On Risks In Online Debt Sales Market Is Released

WASHINGTON—As part of its multi-pronged effort to inform public understanding of the debt collection industry, the CFPB has released a Report On Risks in the Online Debt Sales Market, which highlights potential risks to consumers’ personal information posed by debt sales online. The Bureau has also released its first-ever national survey of consumer experiences with […] Read More

The Re-Emergence of the Debt Sales Market

The Re-Emergence of the Debt Sales Market

In the mid-to-late 1980’s, U.S. consumer debt sales gained a lot of momentum as the three core constituents realized the practice was a win-win-win:• Creditors (mostly banks) were able to recover charge-off losses by selling what they considered to be “uncollectible” debts• Debt buyers were able to purchase portfolios of outstanding debts for pennies on […] Read More

Debt buyers could face hurdles on consumer credit reports

Debt buyers could face hurdles on consumer credit reports

September 7, 2016A recent ruling by an 11th U.S. Circuit Court of Appeals could impose additional duties on debt buyers to verify disputed information in consumer credit reports, in order to comply with the “reasonable investigation” requirements of the Fair Credit Reporting Act.Christopher P. Hahn of Maurice Wutscher LLP discussed the ruling for the Consumer […] Read More

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