4 Reasons To Outsource Your Accounts Receivable
September 22nd, 2019 by New World Collections
Many businesses assume that they either can’t afford to outsource their accounts receivable and collections or they can effectively manage this process in house However, tasks that require lots of costly resources, specialized expertise, and are not necessarily full time such as advertising and collections are often best handled by outsourcing agencies. Collections may seem […]
What are debt collectors not allowed to do?
March 8th, 2016 by New World Collections
There are some debt collectors who use shady or illegal tactics when attempting to contact you regarding a debt. It is important to be aware of 6 common tactics debt collectors are not allowed to do: *Informing anyone other than you- Collectors cannot tell any co-workers, friends or relatives. Doing so is third party disclosure […]
How to locate someone who owes you money
March 2nd, 2016 by New World Collections
In the course of collecting bad debt, sometimes part of the problem lies in having to locate someone who owes you money. As we all know, in the course of doing business you get returned mail on invoices, phone numbers are disconnected, or the person is no longer employed at their previous job. So how […]
What is the difference between Chapter 7 and Chapter 13 bankruptcy?
February 27th, 2016 by New World Collections
Bankruptcy filing continues to be on the rise in the US economy. As an operating business, getting bankruptcy notices regarding customers who used your services is definitely a negative impact on your bottom line. However, there is a difference between Chapter 7 and 13 that can benefit your business if you understand your rights with […]
How to stop bill collectors from contacting you
February 17th, 2016 by New World Collections
Whenever you are contacted by a bill collector, you do reserve the right to decline any further contact regarding the debt. However, it is best advised on the first call to see if you can rectify the matter first, especially if it is a valid debt. On the other hand, if you continue to receive […]
How to recover a judgment on bad debt
February 10th, 2016 by New World Collections
Going to court to obtain judgment on a debt is one thing, but enforcing the judgment for recovery of that debt is a whole different ballgame. What are your options to recover a judgment for bad debt? It first starts with having hired a debt collection agency to collect before filing for court. Debt […]
Medical debt collection agency and the economic impact of changes in the healthcare industry
February 3rd, 2016 by New World Collections
Every medical debt collection agency has seen a significant increase in medical debt and will continue to do so in the coming years. According to the Centers for Medicare and Medicaid Services, U.S. healthcare spending reached $2.8 trillion ($8915 per person) starting in 2012. These totals are expected to increase sharply by 2020 with estimated […]
Hiring the right collection associates to help consumers effectively resolve accounts
February 2nd, 2016 by New World Collections
It is very important in today’s economy to hire the best collection associates to recover debt for their respective agency as well as the clients they serve. In order to achieve the best results, new ideas should followed to help consumers resolve their accounts. The following ideas should be applied with collection associates and it […]
How to manage your debt to avoid debt collection agencies
February 1st, 2016 by New World Collections
Having some debt is a part of most everyone’s life at one point or another. How you budget and manage your debt to avoid debt collection agencies is not as hard as you may think. Granted, some debt is unforeseen and can drastically alter your financial situation, but in many cases your commitment to finding […]
2 important facts regarding debts placed with credit and collection service companies in Indiana
February 1st, 2016 by New World Collections
When it comes to recovering debt for your business, there are 2 important facts regarding those debts you should be aware of when placing them with credit and collection service companies in Indiana. These facts are guidelines that must follow when attempting to recover debts on your behalf. Generally speaking, consumers are only responsible for debts up to […]
