Sea Side Scrap Book

In part one of my three part series, I mentioned that despite the fact that debt is rising, Americans don’t have the money to pay it back, and although the collections industry is booming, getting debtors to pay up has become increasingly more and more difficult. I discussed three ideas. First: network, stay “teched up” and always search for ways to improve the current debt collection team. The second idea is to improve the relationship that agencies have with their debtors, and the third idea is that management needs to remember is to be nice to their current employees.

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Filed under: Business by Mallory Megan
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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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According to the RealtyTrac Year-End 2009 Foreclosure Market Report, 3,957,643 foreclosure filings were reported on 2,824,674 U.S. properties in 2009. This includes scheduled foreclosure auctions, default notices and bank repossessions.

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Filed under: Business by Mallory Megan
Comments Off Tagged with: Business • collection agency • collection service • collection services • debt collection agency • john monderine • long island collection service • long island collection services • long island rapid recovery solution • new york rapid recovery solution • rapid recovery solution