Below you can find helpful website on how collections works, and different blogs to read about collections.

Credit and Collections News provide great articles on current collection news. Consumer Financial Protection Bureau provides current educational information on what current events are going on in the collection industry. Inside Arm helps break down the understanding of the consumer side of collections. They have wonderful articles that help the consumer’s.    

Why Older Balances Are Harder to Collect

The longer you wait to send past-due accounts to collections, the less likely you’ll collect. Recent studies indicate that collectability of accounts within the first 60 days is 90%. Once accounts are more than 90 days overdue, chance of collecting drops to 50%. More than 180 days overdue, and you have a 20% chance of collecting. Wait more than a year, you’ll most likely get... Read More

Labor Day History!

Labor Day 2021 will occur on Monday, September 6. Labor Day pays tribute to the contributions and achievements of American workers and is traditionally observed on the first Monday in September. It was created by the labor movement in the late 19th century and became a federal holiday in 1894. Labor Day weekend also symbolizes the end of summer for many Americans, and is celebrated... Read More

Collections Reg F Changes Effective November 30, 2021 

The federal rule (known as Regulation F) becomes effective on November 30, 2021.[2] Regulation F is the first regulation to implement substantive provisions of the FDCPA since the law was enacted in 1977. In addition to regulating third-party debt collectors subject to the FDCPA, Regulation F has a number of implications for creditors. This article highlights six points that creditors should know about Regulation F. This... Read More

Counting the Benefits of Using a Collections Agency

Has your business been trying to decide whether or not to use a debt collections agency to recover bad debts? We’ve compiled a list of the benefits of using a collections agency.. read through to learn how it could help you! Legal Protections There are laws that rule how collections agencies can operate that vary from state to state. Collections agencies and their employees are... Read More

Collections During COVID: How to Reorganize, Restructure, and Continue Collections in Uncertain Times

There is no doubt that the coronavirus pandemic has been and is going to continue to affect consumers and their ability to pay their outstanding debts. In times like these, it may be beneficial to revisit your company’s financial policies and billing practices and decide when it is time to enlist the help of a professional debt collector. There are countless reasons why consumers struggle... Read More

From Collector: Bearing Fruit

ACA International’s TCPA reform efforts are successfully garnering support from influencers and leaders in Washington, D.C. It’s no secret to members of the accounts receivable management industry—as well as their clients and the many consumers they’ve helped—that they provide an important service to their communities and are vital in ensuring a functioning economy. However, it’s always nice when someone else says it too, particularly when... Read More

U.S. Household Debt Reaches Record $13 Trillion

As the stock market soars to new heights, new data shows that U.S. household debt has reached a record high. The Federal Resere Bank of New York said Tuesday that household debt totaled $13 trillion in the third quarter ended September 30, an increase of 0.9% from the previous quarter. This marks the 13th straight quarterly increase (not adjusted for inflation) of household debt. One area of... Read More

RMA’s Annual Conference: Featuring Mike Ginsberg

GERMANTOWN, Md. – Mike Ginsberg, president and CEO of Kaulkin Ginsberg, will be joining a panel of industry experts at RMA’s 2018 Annual Conference to discuss the state of the industry in a session titled, “State of the Industry – M&A and Financing in the Debt Purchasing and ARM Industry – Who, How, and What’s Next?” This session provides insight regarding the M&A landscape among... Read More

The Importance of the Third-Party Debt Collection Industry

Ernst & Young Survey Once Again Demonstrates Substantial Value of Third-Party Debt Collection Industry ACA International released the 2017 Ernst & Young survey which provides an in-depth overview of the economic importance of the third-party debt collection industry on the U.S. and individual state economies. Based on data from 2016, the report details the industry’s contribution to employment, asset recovery and other fiscal categories. Since 2013, the last year a similar... Read More