Collections & Credit Risk articles from August 2006

Collections & Credit Risk archives from August 2006

Improvement and Compliance: There Is a Lot to Learn.(Six Sigma (Quality control))(Cover story)
August 1, 2006... Our cover story this issue deals with Six Sigma, a business efficiency and operational philosophy that has begun working its way into the collection world. In gathering information for the story, I was struck by how well suited collection...

Banks Step Up In-House Collection Efforts to Save Money, Improve Customer Relations.
August 1, 2006... More banks are bulking up their in-house collection departments, working delinquent accounts longer in an attempt to save money and preserve good customer relations, said bankers at the annual Consumer Bankers Association collections conference...

Hospitals Tackle Charity Care Controversy.
August 1, 2006... Charity care - and its less-popular sibling, bad debt - were the hot topics at this year's annual Healthcare Finance Management Association conference. Under increasing government pressure to justify their non-profit status, hospitals are...

Study Bolsters Case of IRS Collectors: ACA Says.
August 1, 2006... A new ACA International study showing that third-party collectors recovered $39.3 billion last year should help the trade group when it talks with legislators and others about the economic significance of the collection business. The...

Debt Market Expected to Grow.(Portfolio Recovery Associates Inc.)(Asset Acceptance Corp.)
August 1, 2006... Executives with Portfolio Recovery Associates Inc. and Asset Acceptance Capital Corp. emphasized the growth potential they see for accounts receivable management when they addressed William Blair & Co.'s 26th Annual Growth Stock Conference in...

Rescuing a Drowning Corporate Debtor: Commercial collectors and collection attorneys should keep an open mind about companies that offer debt restructuring and financial turnaround advice. They may not be the sharks you think they are.
August 1, 2006... Consumers facing bankruptcy can turn to credit counselors for advice but where do companies drowning in debt turn? On the commercial side, there are very few credit counselors. Instead, business owners seeking help before having to declare...

Counselor Goes to Court.(Corporate Turnaround)(Case overview)
August 1, 2006... A commercial debtor will more than likely get a good deal accomplished when working with a company that negotiates on its behalf with creditors and collectors. Some lawyers warn, however, that there may be exceptions. Rubin & Levin...

Does Six Sigma Suit Collections?: Long used in corporate America, Six Sigma has moved to corporate collection departments and could soon be surfacing in agencies. Here's why it's something you should consider for your shop and how you can get started.(Six Sigma (Quality control))
August 1, 2006... Mentioning the term Six Sigma among a group of businesspeople can be a bit like discussing dinosaurs with a roomful of kindergartners. The terms may both be familiar, but few in the respective groups really understand how either truly...

Locking Up Personal Data.
August 1, 2006... Data privacy was thrust into the national spotlight this spring after a Department of Veteran's Affairs employee lost a laptop containing sensitive information on more than 26.5 million veterans and active duty personnel. "It's fair to say...

Using A Virtual Collection Agent: Can a Web site convince people to pay their delinquent accounts? The author says yes and cites a study and test to back up his argument.
August 1, 2006... Most Americans carry anywhere from five to 10 credit cards, with some holding as many as 50, adding up to more than a billion cards nationwide, according to an MSN Money report, Even with this staggering number of credit cards, statistics...

Advertising and Service Contacts for Collections & Credit Risk and Credit & Collections World.(Directory)
August 1, 2006... Advertising Associate Publisher Brenda Schultheis 550 West Van Buren, Suite 1100 Chicago, Illinois 60607 Brenda.Schultheissourcemedia.com (847) 251-1588 Fax: (847) 251-0887 Advertising Sales Manager ...

Credit Card Metrics April.
August 1, 2006... Current Outstanding to Cycle 1 7.20% Current Outstanding to Cycle 2 1.65% Cycle 1 to Cycle 2 24.56% 1 Chargeoff 4.42% 2 Chargeoff 18.72% Other Key...