Collections & Credit Risk articles from January 2007

Collections & Credit Risk archives from January 2007

A Challenging Year.(Editorial)
January 1, 2007... Welcome to the 2007 Outlook issue of Collections & Credit Risk. We've jettisoned some regular features in this issue to bring you outlook articles on collections, debt buying, and the legislative and regulatory fronts. One piece focuses...

Bring It... Every Day: 2007 could be a tense year for the business as operating pressures, more competition and worries about Washington, the courts and state regulations swirl.
January 1, 2007... More business pressures, more competition, rising portfolio prices and the specter of more regulation - 2007 could be a tense year for the collection and debt-buying business. Looking to the year ahead, one collection agency owner says:...

Key Industry Challenges in 2007...(Brief article)
January 1, 2007... 1. More buyers = more competition 2. Credit card portfolio prices kept high by increased competition 3. Creditors pushing down collection commission rates 4. New York's Foti v. NCO decision migrating to other jurisdictions 5....

... And What Economists See Ahead.(Brief article)
January 1, 2007... 1. Consumer debt will rise 2. $2 trillion worth of adjustable rate mortgages will re-set in '07 and '08 3. Consumer credit quality will weaken 4. Job markets will soften but still be stable 5. Auto lenders will see erosion in...

Charge-offs Are Certain to Rise in 2007: Major card issuers' charge-offs declined dramatically during the first half of 2006, compared with a year earlier, but by the third quarter, this trend began a reversal. A host of experts predict higher delinquency and charge-off rates for the credit card industry during 2007.(Statistical data)
January 1, 2007... A plethora of analysis of data such as bankruptcy filings, unemployment rates, interest rates, housing starts, consumer prices and underwriting standards goes into guessing which way the card charge-off winds will blow in a new year. Based...

Credit Card Charge-offs Nationwide - All Commercial Banks.
January 1, 2007... YTD 9/30/06 YTD 9/30/05 % change ($ in thousands) 7,450 institutions 7,451 institutions reporting reporting Credit card charge-offs $10,904,255 ...

Credit Card issuers' Charge-offs.(Statistical table)
January 1, 2007... (in 000s) 3 months ended 3 months ended % Issuer Sept. 30, 2006 Sept. 30, 2005 change JPMorgan Chase $1,280,000 $1,633,000 -21.6% Bank...

The Forecast for Washington & the States is Cloudy...: The industry hopes Congress won't consider new regulations. What the states do is another matter... and don't forget court decisions and pesky attorneys general.
January 1, 2007... As a new Congress convenes later this month, the collection and debt buying businesses are wondering whether Democratic control of both houses will make for two difficult years. An added worry is what states will be doing to limit access to...

What to Watch For from Washington...(Fair Debt Collection Practices Act and other amendments)(Brief article)
January 1, 2007... I. More changes to the Fair Debt Collections Practices Act (FDCPA) II. Another attempt to pass national privacy legislation, with key issues: A. What constitutes personally identifiable information B. When that...

Peek-a-boo, We Found You: CCR's skip-tracing challenge invited skip-tracers to find the phone numbers of 200 people. The results can be a tool you use to find a vendor for your agency or department.
January 1, 2007... How many times have you walked around a trade show and heard vendor after vendor tell you his or her product or service is the best, the most effective, the one you had to have? That's exactly what I was being told by a major credit bureau...

The Skip-Tracers' Dilemma: Fear of more regulations, squeezed margins and the dreaded cell phone all are making their jobs harder. Expect more of the same in 2007.
January 1, 2007... Skip-tracing - the business of finding debtors - will face issues ranging from consumer privacy, data security and pricing to the changing telecom landscape as it enters 2007. The most immediate operating challenge for skip-tracers is the...

Advertiser Page.
January 1, 2007... Asset Acceptance 24 586-446-1833 www.assetacceptance.com Collect America 22 800-478-5541 www.collectamerica.com Comtronic Systems 3 800-414-2814 www.comtronic.com CR Software CV2 703-934-9060...

Advertising and Service Contacts for Collections & Credit Risk and Credit & Collections World.
January 1, 2007... 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 ...

Stats.(Outstandings)(Statistical data)
January 1, 2007... Credit Card Metrics August Current Outstanding to Cycle 1 7.33% Current Outstanding to Cycle 2 1.74% Cycle 1 to Cycle 2 23.85% 1 Chargeoff 4.84% 2 Chargeoff ...