Sentences with phrase «of the debt collection industry»

I have learned a lot about the reality of the debt collection industry.

The healthcare industry is the single biggest customer of the debt collection industry, constituting 42 % of the collection market, versus only 29 % for the banking & finance sector.34 One stunning statistic from a 2003 Federal Reserve study is that over half of accounts reported by debt collectors and nearly one - fifth of lawsuits that show up as negative items on credit reports are for medical debts.35 Moreover, often medical debts are sent to debt collectors for reasons completely out of the consumer's control, such as disputes between insurance companies and providers, or even the result of the provider's failure to properly bill the insurer.

Today the Consumer Financial Protection Bureau issued its final rule on oversight of the debt collection industry [PDF], which includes debt collection lawyers.

The CFPB's authority under the rule will extend to about 175 debt collectors, which — according to the New York Times — makes up about 63 percent of the debt collection industry in the United States.

Elk Grove, CA About Blog A blog designed to provide consumers with information and advice about debt collection, dealing with debt collectors, and how to protect yourself from the tactics of the debt collection industry.

Not exact matches

THE Federal Privacy Commissioner has effectively set a new standard for the debt collection industry as a result of a settlement with Alliance Factoring.

And this, of course, is a boon to America's debt collection industry.

Knowledge of the industry policies and techniques along with your legal rights can help you respond appropriately when the medical debt collection agency calls for an unpaid balance.

If your firm is looking for new ways to recognize real value from collections files, trying to locate or contact consumers motivated to settle their debts and who are funding trust accounts for this purpose on a monthly basis and if your firm is seeking an enhanced layer of security and compliance when dealing with third parties in the debt settlement industry, consider a strategy focusing on consumers enrolled in debt settlement programs and select a commercial vendor that aggregates this data to make the process of working with this industry more efficient, compliant and profitable.»

In order to address widespread abuses in the debt collection industry, Congress passed the FDCPA in order to rein in the tactics of debt collectors.

What I offer is my experience with and knowledge of the many pitfalls of the debt collection and the debt relief industries.

The Consumer Financial Protection Bureau (CFPB) assumes the oversight of the consumer debt collection industry on January 1, 2013..

U.S. collection agencies directly employ approximately 148,300 people in debt collection agencies and support the indirect and induced employment of more than 153,300 individuals in industries that sell goods and services to debt collection agencies and their employees.

Eric has served as expert witness to lawmakers in matters of credit and debt collection, and due to his extensive knowledge of the laws governing the credit industry.

But, in a lawsuit settlement with one of the biggest debt collectors, the FTC lets the debt collection industry know that collecting on expired, or time - barred debts, is not ok.

Debt collectors frequently use threats to extract payment from the more than 70 million consumers who fall behind on their bills, the Consumer Financial Protection Bureau reports in a new study of collection industry practices.

I have been a strong opponent of abusive debt collectors on my consumer rights blog, and I know the debt collection industry and their lawyers are reading.

Regular labour and civil law advice including representation before courts and debt collection measures of the market leader in the windsurfing industry

¥ Vast experience with various financial and debt collection procedures ¥ Strong knowledge of state and federal debt collection laws and regulations ¥ Ability to deal with staffing issues in a timely manner ¥ Solid understanding of MS Word Excel and related software applications ¥ Ability to make sound decisions in fast - paced environments ¥ Ability to monitor collection calls to ensure adherence to industry guidelines ¥ Excellent conflict resolution and organizational skills

Professional Experience ABC Debt Relief (City, ST) 12/2006 — 11/2011 Client Service Manager • Responsible for overseeing daily operations of a 35 Account Manager call center ensuring effective operations • Recruit and train new sales and customer service employees in industry best practices and company policies • Strictly enforce compliance with all applicable laws, industry regulations, and corporate protocols • Provide exceptional customer service and professional guidance in the area of debt management, credit, and bankruptcy • Maintain detailed monthly reports for management concerning budgets, monthly projections, and quarterly goals • Responsible for performance appraisals, deficiency warnings, and conflict resolution for employees • Review and manage all BBB and Attorney General complaints determining appropriate next steps • Monitor department productivity with inbound and outbound calls providing feedback to team leads and supervisors • Author and lead presentations at meetings for clients, employees, and senior management • Train team leads and supervisors in laws governing credit reporting and debt settlement such as (FDCPA) Fair Debt Collections Practices Act and the (FCRA) Fair Credit Reporting Act and (FTC) Federal Trade Commission regulations • Set and strictly enforce budget for the payroll of both salaried and hourly employees • Responsible for final approvals for payment refunds issued to the client • Assist with Debt Tracker and the Debt Manager and negotiate with creditors to reduce clDebt Relief (City, ST) 12/2006 — 11/2011 Client Service Manager • Responsible for overseeing daily operations of a 35 Account Manager call center ensuring effective operations • Recruit and train new sales and customer service employees in industry best practices and company policies • Strictly enforce compliance with all applicable laws, industry regulations, and corporate protocols • Provide exceptional customer service and professional guidance in the area of debt management, credit, and bankruptcy • Maintain detailed monthly reports for management concerning budgets, monthly projections, and quarterly goals • Responsible for performance appraisals, deficiency warnings, and conflict resolution for employees • Review and manage all BBB and Attorney General complaints determining appropriate next steps • Monitor department productivity with inbound and outbound calls providing feedback to team leads and supervisors • Author and lead presentations at meetings for clients, employees, and senior management • Train team leads and supervisors in laws governing credit reporting and debt settlement such as (FDCPA) Fair Debt Collections Practices Act and the (FCRA) Fair Credit Reporting Act and (FTC) Federal Trade Commission regulations • Set and strictly enforce budget for the payroll of both salaried and hourly employees • Responsible for final approvals for payment refunds issued to the client • Assist with Debt Tracker and the Debt Manager and negotiate with creditors to reduce cldebt management, credit, and bankruptcy • Maintain detailed monthly reports for management concerning budgets, monthly projections, and quarterly goals • Responsible for performance appraisals, deficiency warnings, and conflict resolution for employees • Review and manage all BBB and Attorney General complaints determining appropriate next steps • Monitor department productivity with inbound and outbound calls providing feedback to team leads and supervisors • Author and lead presentations at meetings for clients, employees, and senior management • Train team leads and supervisors in laws governing credit reporting and debt settlement such as (FDCPA) Fair Debt Collections Practices Act and the (FCRA) Fair Credit Reporting Act and (FTC) Federal Trade Commission regulations • Set and strictly enforce budget for the payroll of both salaried and hourly employees • Responsible for final approvals for payment refunds issued to the client • Assist with Debt Tracker and the Debt Manager and negotiate with creditors to reduce cldebt settlement such as (FDCPA) Fair Debt Collections Practices Act and the (FCRA) Fair Credit Reporting Act and (FTC) Federal Trade Commission regulations • Set and strictly enforce budget for the payroll of both salaried and hourly employees • Responsible for final approvals for payment refunds issued to the client • Assist with Debt Tracker and the Debt Manager and negotiate with creditors to reduce clDebt Collections Practices Act and the (FCRA) Fair Credit Reporting Act and (FTC) Federal Trade Commission regulations • Set and strictly enforce budget for the payroll of both salaried and hourly employees • Responsible for final approvals for payment refunds issued to the client • Assist with Debt Tracker and the Debt Manager and negotiate with creditors to reduce clDebt Tracker and the Debt Manager and negotiate with creditors to reduce clDebt Manager and negotiate with creditors to reduce client