The Australian Tax Office (ATO) has come under fire from a union official for expressing interest in sourcing private debt collection agencies. The ATO is seeking to reduce Commonwealth debts, strategies to prevent future debts and deliver services nation wide. The union official has been quoted saying these private collection companies will not be covered…
An interesting infographic from FICO points out that technology has given debt collectors a new power, ‘the ability to communicate in a customer friendly manner to the debtor better and faster’.
Click here to view this infographic
Source : fico.com
An interesting slideshow titled ‘Cutting edge strategy for Business of new Millennium’ by the Institute of Credit And Collection Management of Nigeria. Introduction: Whether a company is public or private, an effective strategy creates value for shareholders and customers. Today’s world strategies should generate unique value, starling value, personalized value, turbo-speed value and employee driven…
Now debt collection litigation lawyers cannot leave voice mail or a telephone message to a debtor.
They would be in violation of sections 1692e(3) and 1692e(10) of the Fair Debt Collections Practices Act (FDCPA).
Source: Inside ARM
