Collections & Credit Risk articles from April 2009

Collections & Credit Risk archives from April 2009

5 Women You Needed to Know; Operating in collections, legal affairs, debt buying and publishing, these five women are having a positive impact on the collection and debt-buying industries.(CCR Exclusive)
April 1, 2009... Byline: Bill Grabarek and Darren Waggoner Welcome to Collection & Credit Risk's third annual look at women who have made their marks in the collection and debt-buying worlds. Traditionally, men dominated the collections and debt-buying...

Profits Slow To A Trickle; How can collection agencies keep profits flowing during the recession?(Cover Story)
April 1, 2009... Byline: Darren Waggoner It's a twisted irony, some might say, that collection agencies are caught in the poisoned U.S. economy just like everyone else - deeper in debt, struggling to pay the bills, cutting costs to the bone. After all,...

New Tech Strategies.(Cover Story)
April 1, 2009... To survive the recession, lenders and collection agencies may need to back away from the traditional view of technology as a way to build operating efficiencies and lower costs. Many industry experts believe a better choice is to integrate...

Riding the Roller Coaster; The nation has witnessed a historic national election that reflects political, economic and generational changes. What is the impact on credit and collections?(Guest Column)
April 1, 2009... Byline: Michael Flock Few predicted the financial crash last fall. Even fewer predicted daily gyrations in the stock market and chaotic credit policies at major banks and financial institutions. So much for stability. In 2009, change...

Profit in Perilous Times.(Guest Column)
April 1, 2009... Just exactly how can collection agencies and debt buyers grow in the current economy? According to Flock Advisors, collection agencies need to shore up their balance sheets, watch labor costs and leverage technology to maximize recoveries....

STATS.
April 1, 2009... Auto Loans The national 60-day auto delinquency rate edged upward between the third and fourth quarter of 2008, from 0.8% to 0.86%. Year-over-year the delinquency rate increased 8.86% in the fourth quarter. "Tighter lending standards...

Mortgage Legislation: Pros and Cons.(News & Analysis)
April 1, 2009... While many in the banking industry oppose mortgage bankruptcy legislation enabling judges to modify primary home mortgage terms, some believe bankers may benefit from the law. At press time, Congressional leaders were hashing out fine points of...

Canadian Card Delinquencies Jump.(News & Analysis)
April 1, 2009... Asurge in missed credit card payments late last year in Canada means trouble may be looming in the Canadian lending market, according to a recent report by advisory services firm Deloitte Canada. "Canada has been quite healthy and our...

How To Handle Borrowers On The Brink; Amid economic turmoil, credit card issuers are turning more often to collection agencies for accounts nearing default, and eagerly looking to work out payment terms with customers.(Risk Management)(Company overview)
April 1, 2009... Byline: Kate Fitzgerald With the sharp rise in charge-offs cutting deeply into credit card issuers' profits, many issuers are increasingly seeking help from not just collection agencies, but credit counselors and debt-settlement firms,...

Debt Settlement Services Grow Amid Downturn.(Risk Management)
April 1, 2009... Byline: Kate Fitzgerald The economic crisis is fueling growth among debt-settlement firms as more troubled borrowers seek help in reaching repayment agreements with creditors. Consumers failing to qualify for the type of creditor...