Walking into a collections environment and not knowing a single term is like arriving in a foreign country without being able to speak the language. Each collection term has legal and financial implications of its own. Hence, using the wrong terminology in this environment can be quite problematic or cause confusion. Of course, you may already know that someone owes money or that a payment is due.... »
What a traditional sales job entails is well-known. After all, selling products offering services in person is as old as commerce itself. However, there’s one cousin in the sales family that nobody talks about enough, but definitely should. I’m talking about debt collection sales! I’m dedicating today’s post to breaking down the debt collector job description because, honestly, there are ton... »
No, dealing with debt collectors isn’t exactly anyone’s idea of a good time. One minute, you’re going about your day, and the next, you’re dodging calls and playing hide-and-seek. Fortunately, there’s a whole system of laws and rules in place that work both ways to keep everyone in check. And, that’s exactly why we need to talk about something called the statute of limitati... »
Here’s the thing about debt collection: it’s a legitimate business practice. Collectors are supposed to reach out through various channels: mail, phone calls, and even fax. And sure, they’re just doing their job. I mean, everyone needs to make a living, right? But there’s a fine line between persistent and pestiferous, and some collectors treat that line like it’s a s... »
A debt collector works with individuals and businesses who have fallen behind on their payments, whether it’s for a credit card balance, medical bills, or other financial obligations. They’re the professionals who step in when regular payment reminders haven’t worked, using their expertise to find constructive ways to resolve outstanding debts. Wondering if debt collection is the... »
As a business owner, chasing down unpaid debts isn’t exactly how you imagined spending your entrepreneurial journey. It’s about as fun as trying to teach a cat to fetch. That’s precisely why many businesses turn to debt collection agencies. After all, these agencies live and breathe to recover unpaid debts. Now, debt collectors have quite a few tools in their arsenal. They can se... »
You know what’s fascinating? While everyone else was jumping on the tech bandwagon or trying to become the next social media influencer, debt collection has been quietly creating highly-paying careers for people who aren’t afraid to roll up their sleeves and do meaningful work. And trust me, in today’s economy, where credit card debt keeps soaring, this industry isn’t going... »
Ever wondered what happens to those stubborn unpaid bills that businesses can’t seem to collect? Well, it’s usually debt collection agencies that come to the rescue. They often swoop in when businesses have exhausted their “pretty please pay your bill” emails and awkward phone calls. They help bridge the gap between businesses desperate to collect what they’re owed and debt... »
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 ... »
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. […]
