Collections & Credit Risk articles from June 2006

Collections & Credit Risk archives from June 2006

The Winds of Change.
June 1, 2006... Constant change is as much a part of our lives as breathing. Anyone who doesn't acknowledge that might as well go live in a cave somewhere; although even there things will change, I can promise you that. This issue is filled with stories...

Letters To The Editor.
June 1, 2006... The Price is Wrong To the Editor: Much like investors that saw the potential in sub-prime auto finance in the mid- to late '90s and the non-prime mortgages in the last five years, here is the most recent: bad debt! The securitization...

Court Victory for Collections.
June 1, 2006... Debt buyers and credit issuers scored a win in a recent legal case that challenged the rights of buyers to charge the same interest rate as issuers on purchased accounts. The collection industry closely watched the Illinois case, brought before...

What's New.
June 1, 2006... Online Resources Announces Security Product Internet financial service provider Online Resources Corp. offers an integrated security solution that bridges and protects both Internet banking and bill payment applications. The company has...

Events Calendar.
June 1, 2006... March 15-17 NCCR Conference SourceMedia LAS VEGAS www.sourcemediaconferences.com March 20-22 Credit and Accounts Receivable Open Forum SAN DIEGO April 27-30 76th Chicago Meeting Commercial Law League of...

IntelliSource Launches BPO Company.(business process outsourcing)(Compagnie d'Assurance Pour Le Commerce Exterieur acquired)(National Loan Exchange Inc. opens a office in Carlsbad)
June 1, 2006... IntelliSource, an arm of Vengroff Williams & Associates, has opened as a provider of global business process outsourcing consulting services for mid-size organizations. IntelliSource will help companies outsource various levels of BPO services....

Locking Down Data Security: Security is a never-ending concern in collection work. Doing it right can help win new business.
June 1, 2006... When Gordon Patterson, chief security officer at NCB Management Services Inc., had a client show up one day to do an unannounced security audit, he found it "a little bit unsettling." And when his Trevose, Pa.-based collection agency...

10th Annual National Collections & Credit Risk Conference.
June 1, 2006... Challenges In The Midst of Prosperity March 15-17, 2006 The Venetian Resort Hotel Casino Las Vegas, NV Keynote Speakers: Robert Box Group Executive, Consumer Risk Operations Bank of America Keith Leggett ...

The Odyssey of an Industry Titan: Bud Reitzel went from the streets of Detroit to become the Dean of Debt and helped build a new industry in the process.
June 1, 2006... Detroit, 1962 - Recent Wayne State graduate Rufus "Bud" Reitzel starts a small finance company. Troy Finance is a fairly typical consumer loan agency, a lot like the one he'd worked at in college. But Reitzel remembers something from his...

Shall We Dance?: The courtship of credit and collection companies shows few signs of cooling after two straight banner years. Will 2006 be another swell year to dance?(Company overview)
June 1, 2006... Credit and collection companies are the belles of the ball as outside investors orchestrate major takeovers and toss millions at their collective feet. The dancing has been so frenetic, some question whether the music is bound to slow. ...

Surprise, Surprise, Surprise: Bankruptcy filings fell after last October, but they may soon pick up. That's not the only unexpected consequence of the new federal bankruptcy law.
June 1, 2006... In the five months since the new federal bankruptcy law took effect, lenders and creditors have had something to smile about as filings initially fell as expected. But those smiles might soon turn to frowns as it becomes clearer that the new...

The Attorneys Are Back: Lawyers are being used more in collections as an alternative to agencies; here's why.
June 1, 2006... When Lawre Casler in 1998 became chief operating officer for Berlin, Conn.-based Eastern Equipment, the company had $3.8 million in receivables and was doing business with several nationally known collection agencies. Eastern, one of the...

Look Before Leaping Offshore: Offshoring makes sense for some, but hard questions need to be asked - and answered - before deciding how to proceed to foreign shores.
June 1, 2006... Offshoring today is a growing part of the collection business, but anyone considering plunging into the practice should take a hard look at the overall costs first - and that means considering much more than just employee salaries. While...

Best In Class Performers: Here's how to use successful strategies and technologies across a credit and collections business.
June 1, 2006... Finance professionals have more options than ever before to get the most from credit and collections management, a crucial area of the financial value chain. While in-house management remains a key choice, outsourcing is emerging as a strong...

Advertising and Service Contacts for Collections & Credit Risk and Credit & Collections World.(Directory)
June 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 ...