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For American people just starting out, the most current analysis of trends in our economy points to the fact that incomes are decreasing. Many financial experts and leaders in the collections industry have reason to believe that this paradigm shift will be a permanent one. Out of all of the demographics in the United States, young adults are the most uninsured when it comes to health care coverage. A whopping thirty percent of these individuals have absolutely no insurance. And despite the fact that a large amount of uninsured young people have jobs, many have just begun their careers and work at low wage jobs for employers who offer limited or no health care benefits.

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Filed under: Business by Mallory Megan
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When looking for a Business Collection agency, it is vital for corporations to find a collection agency that services their specific needs. Some enterprises may rely on collection companies more than others. For example, a independent graphic designer may only need to use a Collection agency’s services once during his or her entire career. However, a larger corporation, such as a credit card company, may require the services of a Collection agency more often.

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Filed under: Business by Jonathan Summers
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When comparing people who are most successful at persuading, convincing or selling others on their ideas, products or services, I’ve found 10 characteristics that appear to be routine among them. Read through this list and see how many apply to you now. If you don’t find these characteristics in your current bag of traits, consider adopting them in order to hear “yes” more often in your life.

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Filed under: Business by Mallory Megan
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Statute of Limitations on Debt Collection is the amount of time that lenders have to collect their debts by suing you in court and by other legal methods. Once the statute of limitations period is over, the lenders cannot sue you in court. However, the debt that you owe STILL REMAINS. Do not think that once the statute of limitations period is over, your debt will disappear. It will not! Lenders can collect their debts owed via other legal methods like a debt collection company.

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Filed under: Business by Mallory Megan
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Just like the phoenix that rises from the ashes, so does so-called zombie debt. A consumer may think it’s dead, but it keeps coming back to haunt them.

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Filed under: Business by Mallory Megan
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The government is stepping up to bat as debt collection hoaxes rise. In recent news, Buffalo New York has been home to a number of illegal debt collection practices, and authorities have arrested at least twelve people. Although the vast majority of collection agencies are legitimate and good economically, there has been a rising amount of deceptive and unlawful practices.

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Filed under: Business by Mallory McGuinness-Hickey
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Tax season is here and so are the cyber crooks. IRS plots are circulating, the latest one involving an authentic looking email from the IRS that states that you can get your tax refund on a Visa or a Mastercard. It asks for your credit card number, your social security number, credit card expiration dates, card verification value numbers, amount shown on your tax return, filing status and other personal information that might be helpful to them.

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Filed under: Business by Mallory Megan
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Do you know how much debt your medical collection agency collected last year? If you don’t, how can you evaluate their effectiveness or your return? How could you possibly be aware?

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Filed under: Business by Mallory Megan
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