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Author Archives: Mallory Nocks
Collection Companies In The Recession
In today’s recession, collection companies are not exempt. Starting last year, they first started to suffer from declining liquidation performance, staffing cuts, and increased placements.
Will That Be Plastic Or Plastic? Medical Patients Now Required To Use Credit Cards
In recent news it was revealed that in Michigan at some doctor’s offices, patients will need to present and utilize their credit cards before receiving medical care. A fairly new internet based medical payment program allows medical providers to secure a credit card before medical help is provided.
Mortgage Delinquiencies Jumped Up: The Results Are In
A financial institution Trans Unions provided us with a quarterly analysis of new trends in the mortgage industry. They found that mortgage loan delinquency increased for the twelfth straight quarter and hit 6.89 percent, which is an all time national average high. This is the only time in American history where delinquency rates increased and did not decelerate after three consecutive periods.
Unfair Collection Letters Plague Musicians’ Parents
A few parents in Central Texas are being mailed collection letters for instruments that were rented. The only thing is, they attempted to return the musical instruments, but could not.
FTC Fights Fraud From Scam Artist
The Federal Trade commission is planning to award 1.6 million dollars to thousands of customers who were conned into giving money that they did not owe by scam artists who used threats, harassment and lies to get them to pay up.
FTC Declares Further Extension On ‘Red Flags’ Rule To November 1st
To support small businesses and other entities, the Federal Trade Commission faculty will intensify its efforts to educate them about compliance with the “Red Flags” Rule and ease compliance by provisioning additional resources and guidance to clarify whether businesses are covered by the Rule and what they must do to comply. To give creditors and financial institutions additional time to review this guidance and develop and implement written Identity Theft Prevention Programs, the FTC will further delay enforcement of the Rule until November 1, 2009.
County Officials Put Off Ambulance Collections Decision
Commissioners on Monday postponed a decision to hire a collection agency because of unsettled ambulance bills acquired in unincorporated districts of Flagler County. Instead, county staff will do more research and the item will be returned to commissioners for review sometime in July.
Town Demands Debt Recovery: Pay Up Or Ship Out
In the village of Stamford, Connecticut, the town is threatening to sue a car dealership, Carriage House in order to get it to pay $7,450 in fines for forty five false burglar alarms over six years. There was a total of thirty one property owners that got notices on January the fifteenth that were demanding payment for false alarm fines. They were told to pay the money within thirty days or face legal action.
FTC Forces Con Man To Pay Up
The Federal Trade commission is planning to award 1.6 million dollars to thousands of customers who were conned into giving money that they did not owe by scam artists who used threats, harassment and lies to get them to pay up.
Mortgage Delinquiencies Jumped Up: The Results Are In
A financial institution Trans Unions presented us with a quarterly analysis of new trends in the mortgage industry. The data collected found that mortgage loan delinquency increased for the twelfth straight quarter and hit 6.89 percent, which is an all time national average high. This is the only time in American history where delinquency rates rose and did not decelerate after three consecutive periods.
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