Experian has announced the launch of Collection Triggers, a collections solution that monitors a company’s portfolio of collections accounts and identifies new information indicating the possibility of recovering the debt.
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Archive for the Category »05 Collections «
Category: 05 Collections, 05 How It Works, 2006 HSBC, Identity Theft
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Bill collectors are not allowed to call after 9 at night and cannot call on Sunday – or so you thought. If it happened to you see our “Your Money” page to see how much you can charge them because of their violation. The FDIC tells them so – use this link to see the law.
But true to their predatory nature with little regard for the law, heavily accented agents in India are calling Household International – HSBC customers as early as 6 AM, seven days a week including Sundays. Household – HSBC Watch has new updated pages for 2006 including direct links to the media, congress, and your senators so you can take action. The practice of calling on Sunday is not limited to callers from India by any means. Debt collectors in the U.S. often play outside the law but we give you the tools to fight back. See Household – HSBC Watch for more.
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Category: 05 All Articles, 05 Collections, 05 Compliance, 05 Regulators
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Does this sound familiar? Are these tactics used by other debt collectors? Read this article:
The Minneapolis/St. Paul Business Journal – 4:45 PM CST Monday
State Commerce Dept. fines collection agency
By John Vomhof Jr., Staff Writer
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Category: 05 All Articles, 05 Collections, 05 How It Works, 05 Regulators
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Slower growth, legal changes and a shift in attitudes to debt have led to a sharp rise in personal insolvencies, according to Department of Trade and Industry figures published yesterday. There were 17,562 personal insolvencies in England and Wales in the three months to September -a 46 per cent rise compared with the same quarter last year.
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If you are called by a debt collector beware of their caller ID system. “NEVER call them using your home telephone or cell phone” say consumer advocates at Household – HSBC Watch. “These companies have caller ID systems on steroids, so be very careful” the group said. Recommendations include using ‘voice over the Internet’, or “VoIP” which is an Internet telephone using your computer. If you have a high speed connection such as DSL, cable modem, or satellite Internet, visit the Live Phone website for free software, free accounts and free services. “We recommend Stanaphone because it is easy to use” said a programmer for Live Phone. “Just buy a cheap headset and you are ready to make calls.”
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Category: 05 All Articles, 05 Collections
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