Collection Agencies Shifting Strategies in Rough Economy: Survey

Collection agencies are being forced to alter the way they go after consumer payments in the current economy, even as placements are dramatically increasing, according to the results of an ARM industry confidence survey.

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Press Releases

	Consumers Reaching Out to NFCC in Record Numbers
	ABA Testifies on Current Status of the Troubled Assets Recovery Program
	Heidi Miller of J.P. Morgan and Steve Case of Revolution Headline NACHA Conference
	NGM Releases Government Debt Collection Contract Data for Third Quarter

Headline Briefs

• Collection Agencies Shifting Strategies in Rough Economy: Survey
  Collection agencies are being forced to alter the way they go after consumer payments in the current economy, even as placements are dramatically increasing, according to the results of an ARM industry confidence survey.

  Read the whole story →

• Consumer Prices Plummet on Lower Energy Costs
  The U.S. Department of Labor Wednesday offered a rare bright spot in the run of terrible economic news: consumers paid less for just about everything in October.

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• Consumers Reaching Out to NFCC in Record Numbers
  There’s good news and bad news on the economic front. The bad news hardly needs defining. Job losses are stunning, leaving consumers struggling to satisfy their daily living expenses, or pay their debts, often resulting in bankruptcy. The good news is that more consumers than ever are reaching out to a trusted resource, members of the National Foundation for Credit Counseling (NFCC), for help.

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• ABA Testifies on Current Status of the Troubled Assets Recovery Program
  The American Bankers Association told Congress Tuesday that confusion about the Troubled Assets Recovery Program (TARP) remains and clarity is needed in order to assure that banks and the public understand how it works and how it will promote economic growth.

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• Heidi Miller of J.P. Morgan and Steve Case of Revolution Headline NACHA Conference
  Heidi Miller, CEO of J.P. Morgan’s Treasury & Securities Services, will keynote and open the electronic payments industry’s largest event, PAYMENTS ‘09, to be held April 5 - 9 at the Orlando World Center Marriott in Orlando, Fla. Steve Case, chairman and CEO of Revolution LLC, will headline the Industry Agenda General Session.

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• NGM Releases Government Debt Collection Contract Data for Third Quarter
  Net Gain Marketing, Inc. (www.netgain4results.com) today released data from the firm’s GovWatch operations (www.mygovwatch.com) indicating that requests for proposal (RFPs) from public sector entities seeking to outsource collection operations yielded more than $1 billion in portfolios available for bidding and eventual servicing during the second quarter of 2008.

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  [back to headlines]

Upcoming Events

SCORE’s 6th Annual Debt Sales Conference

November 20, 2008; The Old Mill Inn and Spa Toronto Canada

SCORE Statistical Consulting’s 6th Annual Debt Sales Conference. Topics Include: Canadian Sellers Panel, Canadian Buyers Panel, U.S. Bad Debt Market Update, Buyers Perspective, Canadian Banking Panel and more. Download your registration form at: www.scorestat.com

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