So you miss a few credit card payments. Life happens, right? Well, your once-friendly creditor suddenly decides they’ve had enough. Instead of continuing to chase you themselves, they do something interesting they sell your debt to a collection agency. Think your debt is gone? Think again! You see, these collection agencies aren’t running a charity. They buy your debt for pennies on th... »
The debt collection world is not your typical 9-to-5 gig. It’s an industry that never sleeps and probably never will. And as long as folks continue to swipe their credit cards, this industry isn’t going anywhere. It’s an industry on fire and has some serious career potential. Think about it–we’re living in a time when the economy’s running largely on credits, and financial obligations ... »
Recovering debts and loans is a crucial part of running a successful business. Business owners that consistently get let down by debtors or are forced to keep forgiving debts may, in time, run into huge debts themselves. After all, how are you supposed to run your business and meet all the non-stop financial demands with little to no cash flow due to unpaid debts? That, my friend, is why you MUST ... »
The debt collection industry has a bit of a reputation, doesn’t it? But like that wise saying, you shouldn’t judge a book by its cover. Why? Well, most of the bad rap this industry gets comes from spiteful debtors looking for payback after being legally forced to pay back what they owe. Meanwhile, there’s a ton of great career opportunities in the debt collection industry that many people do... »
Running a business is no joke–there’s always something demanding your attention. You have employees to manage, customers to keep happy, and lots more. With so many pressing matters to attend to each day, dealing with financial cleanup probably ranks last on your to-do list. Meanwhile, those unopened envelopes, those “we’ve been trying to reach you” emails, have a way of mul... »
Chasing down delinquent accounts is no fun. It’s time-consuming, awkward, and can leave a bad taste in everyone’s mouth. But hiring a debt collector? Now, that’s a game-changer that promotes smooth cash flow! Imagine outsourcing all those awkward “Hey, remember that money you owe me?” conversations to someone who actually enjoys making those calls. You’re basically hiring p... »
You know that slightly awkward moment when you have to remind a friend he’s still owing you some money since last month? Now multiply that by about a thousand, add some legal considerations, throw in some collection strategies, and you’ve got yourself a typical day in the life of a debt collection manager. Here’s the thing: liquidity works hand-in-hand with business. You can’t separate... »
Let’s face it, when most people think of debt collection, they imagine a stress-filled pressure cooker of a job. You know, the type where you’re on the phone all day yelling at people who refuse to honor past agreements and pay their bills. Not exactly the material of childhood career aspirations, is it? But get this: despite all these ‘dirty’ stereotypes, more and more in... »
You’ve provided a service, sent out the invoice, and… nothing. Your client seems to have vanished into thin air. And now, you’re left wondering if you’ll ever see your hard-earned money. It’s frustrating, right? If you’re already considering throwing in the towel, I’m here to let you know all is not over. Yes, you’ve done your part and delivered on your promises. But now, n... »
The truth is, no one wants to be a debtor. It’s too much hassle, it can put a dent in one’s reputation, and it can be mentally draining. Coincidentally, even the people charged with chasing down debtors don’t find it fun either. And so, when push comes to shove, some of them tend to bend the rules to get the job done. Incidents of rule-bending in the debt collection industry are not completely str... »
September 10, 2014
The debt collection industry, as almost everyone knows, doesn’t get the best coverage in the media. Here at Connection2Collections.com, we want to show support for the industry professionals and help them be confident and responsible in their work. […]
