Collections & Credit Risk articles from February 2006

Collections & Credit Risk archives from February 2006

Issue Date Issue.
February 1, 2006... February 2006

A Year Of Gloomy Optimism.
February 1, 2006... Forecasters seem to agree that the U.S. economy will be growing this year. Yet I'm struck by the fact that few prognosticators are sounding very enthusiastic in their outlooks. While statistics may be telling a positive story, I see the...

Is Required Credit Counseling Flawed?
February 1, 2006... Concerns about mandatory credit counseling for consumers filing bankruptcy are surfacing just months after the new bankruptcy law with that requirement took effect in October. The required counseling sessions are largely pointless, some...

What's New.
February 1, 2006... NCO Group Announces Expansion of CRM Offerings NCO Group Inc., a Horsham, Pa.-based accounts receivable management company and debt buyer, expands its customer relationship management services to offer a pattern recognition system aimed at...

Events Calendar.(Brief Article)(Calendar)
February 1, 2006... March 15-17 National Collections & Credit Risk Conference SourceMedia LAS VEGAS www.sourcemediaconferences.com March 20-22 Credit and Accounts Receivable Open Forum Credit Research Foundation San Diego April...

Chase Buys CFS.(Collegiate Funding Services)
February 1, 2006... JPMorgan Chase purchased Collegiate Funding Services Inc., a student loan provider, for about $663 million or $20 per share. CFS will become part of Chase Education Finance, a provider of student loans, including federal and private loans. The...

Meet a Collection - Dynamic Duo: What happens when a collection manager teams with a lawyer to form a collection agency? For Matthew Phillips and Adam Cohen, good things happen.
February 1, 2006... Never underestimate the power of your mother, even in your business plans. That's a lesson learned by Adam Cohen and Matthew Phillips, co-founders of the collection agency Phillips & Cohen Associates, Ltd. If it wasn't for Phillips' mother...

How Phillips and Cohen Found Each Other.(collection agency)(Brief Article)
February 1, 2006... * Matthew Phillips graduates from Pennsylvania State University with a bachelor's degree in marketing and a minor in business management in 1992. * In 1992, Phillips joins a collection agency in New Jersey, working there for five years...

Is Ham-handed Creative Lending About Tohurt The Mortgage Markets?: As issuers merge or sell off their portfolios, how are collection firms affected?
February 1, 2006... With interest rates rising and the residential market losing steam, creative mortgages credited, in part, for the housing boom of recent years could be headed for a slowdown of their own. A growing number of consumers worried about how high...

Is the Party Over for Debt Sellers?: Hot money may be moving on. Disciplined buyers need to watch and wait.
February 1, 2006... The party that debt sellers enjoyed in recent years could be nearing an end as the hot investor money that brought life to their revelries considers heading home - or at least into investment markets with more promising returns. That could...

Letting the Numbers Tell The Story: More sophisticated analytics can boost collection rates and even help organize merged collection departments, experts contend.
February 1, 2006... In the CBS crime drama Numb3rs, math whizzes use sophisticated techniques to create analytic models that do everything from identifying murderers to predicting where a bomb will be planted. Mathematicians love the show and its portrayal of them...

Here Come the Lawyers: Attorneys are being brought in earlier and more frequently in commercial collections efforts. Here's why...the first of a two-part series.
February 1, 2006... Conmed Corp., a Utica, N.Y.-based manufacturer of medical and surgical equipment, made the decision a few years ago to stop doing business with a customer because of collections problems. Before terminating the relationship, Conmed was able to...

Tag, You're Found: Skip-tracing is employing high-tech tools to find people who don't want to be found.
February 1, 2006... When Ohio Attorney General Jim Petro took office in 2003, skip-tracing to find people who owed the state money was still being done the old-fashioned way - with collectors manually combing through motor vehicle bureau and other state records...

Skip-Tracing Vendors.
February 1, 2006... Company American Research Bureau Inc. Aries Data Corp. Asset Locators Inc. Austin Logistics ChoicePoint Inc. DataServe Datalure DebtWatcher Inc. DirectoryNET Estate Information Services Estate...