When times are tough there are always certain companies that thrive based on their business model. From discount retailers to fast food restaurants, health care firms to tobacco companies, some businesses are riding out the financial storm in good shape. Another sector that is usually over looked is the debt collection business. During the recession, debt collection firms were in high demand as the default percentage on loans surged. Initially it was more difficult for firms to collect but now that the U.S. is slowly showing signs of a recovery, collection rates are improving. Hence, the account receivables industry is…
Archive for August, 2010
The Do Not Call List & Debt Collectors
Posted on August 04, 2010 by Saldutti
Consumers have sent a clear signal that they don’t want those pesky dinner-time calls. Some 200 million phone numbers have been added to the Federal Trade Commission’s Do Not Call Registry since the blocking service was launched seven years ago, according to the agency. Recently, there has been a sharp rise in complaints about calls from debt collectors, even though the consumer is listed on the Do Not Call Registry. Unfortunately, these people end up thinking the law isn’t working – but that’s not the case. The National Do Not Call Registry was created to stop calls from telemarketers. The…