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News Federal Management

Debt Collectors Hunt Dubai Defaulters Abroad

Across the UAE, lenders are hiring international debt collection agencies to hunt down customers who owe them money as they attempt to recoup huge losses incurred when thousands of expats skipped the country without clearing their debts, Emirates Business reported on Tuesday. In one example cited b

New Jersey Assembly Consider Debt Collection Bill

For the second time in less than a year, the New Jersey Assembly will consider legislation concerning the debt collection bill. It is being argued that revising the Fair Debt Collections Act would help eliminate harassing, intimidating and abusive debt collection practices and it would also give tho

Federal Management Recruitment Update

LEAD GENERATOR Description We are an ambitious and fast growing National Credit Management company. We currently have a requirement for a dynamic and assertive sales individual for the purpose of lead generation. Key duties will include: Direct contact with new & existing clients. Lead generatio

Optimising Collections While Reducing Costs

As consumer debt stands at an all time high, many financial institutions are under serious pressure to recover these unpaid debts in order to stock up on monetary reserves. Unfortunately, the debt collection process requires company resources which many companies don’t have available. However, wit

US Firm Expands With Purchase of DCA

Collection Associates LLC, a portfolio company of LaSalle Capital Group, has acquired Money Recovery Nationwide, a Landsing, Mich.-based provider of debt collection services to the healthcare industry. No financial terms were disclosed. PRESS RELEASE LaSalle Capital Group, L.P.’s (”LaSalle Capit

Debt Collection Notices Giving IRS Trouble?

Are debt collection notices giving troubles to the IRS? Accoring  to a new report from the Government Accountability Offices, they are! The IRS estimated that in 2001 there was $23billion in unpaid individual income tax debt, which was the agencies most recent figure on the matter. The notice pha

Consumer Debt Collection at all time high

Consumer debt collection is at an all-time high. As a result of this, officials of CRM and other business technology vendor SAS are claiming that financial institutions are reportedly being pressured to recover unpaid debts in an attempt to rebuild cash reserves in a tightening market. Debt colle

Strategic Partnership Forged!

Glen Carbon, IL — Comtech Systems, Inc. and Service Exchange Network, LLC announced today a strategic partnership to connect users of Comtech’s Collect! ARM solution with Service Exchange Network’s Serve-X . The alliance will give users of Collect! the ability to streamline the operational eff

Pioneer narrows losses on debt recovery

Pioneer Drilling posted a narrower-than-expected quarterly loss as a bad debt recovery helped cushion the impact of lower utilisation rates for its rigs. For the third quarter, the company posted a net loss of $9.2 million, or 18 cents per share, compared with earnings of $24.2 million, or 48 cents,

FMBN Seeks to Boost Mortgage Financing

FMBN (Federal Mortgage Bank of Nigeria) has begun work towards building up support of mortgage financing, while also looking at debt recovery methods for non-performing loans. At a recent Banking, Insurance and Other Financial Institutions meeting with the Senate Commitee, Managing Director of FMBN,