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Debt Collection Tactics Article
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The Basics of Debt Collection Software
Debt collection software is a program that helps companies track debts. This software is designed to keep track of payments, fines, penalties and other matters concerning the accounts of debtors.
Benefits of debt collection software
First of all, debt collection software will help you get organized. Instead of having piles and piles of paperwork in the office, debt collection software can consolidate all the information in one place. At the same time, debt collection software can be easily updated. Once the debtor pays a certain amount, it can be easily recorded by the software. This way, you can keep better track of the activities in each account. You will have all the necessary information, including the date and time that the payment was made and the amount that was paid.
Secondly, debt collection software is a great way to keep track of your correspondence with your debtor. Debt collection software has features that allow you to record the exact day and time the collection letters were sent. In some cases, debt collection software can record portions of phone calls. If ever the case goes to court, you can use the debt collection software to show evidence that you tried to maintain correspondence with the debtor.
Lastly, using debt collection software is much cheaper than hiring people or agencies to track accounts for you. For smaller businesses, hiring an external agency or person to do organization and collection of debts will be too costly. Debt collection is a much cheaper alternative.
Features of debt collection software
When purchasing debt collection software, there are a few features that you should look for:
An accounting feature – When debt collection software has an accounting feature, it will be able to account for all payment activities that are made for each account. This way, even if the debtor insists on smaller but more frequent payments, you can still keep track of each payment.
Auto dialing – You should get debt collection software that can be hooked up to the telephone for auto-dialing. With just a single click, the computer can instantly dial the debtor’s home phone number or cellular phone. You will no longer waste time to locate contact details of the debtors.
Letter Templates – Choose debt collection software that has templates for debt collection letters. This way, you don’t have to spend too much time drafting letters. By simply plugging in the information of the client onto the template, you will be able to print the letter in minutes.
However, remember that the software should also serve your company’s needs. The software you use should help make debt collection easier. It should help you monitor the accounts. In the event that the debtor disputes the debt, you can easily use the debt collection software to verify the nature of the debt.
Debt Collection Tactics Specific links
Debt Collection Tactics News
Debt Collection Agency Accretive Health May Face Federal Investigation For ... - Huffington Post
 CBS Local | Debt Collection Agency Accretive Health May Face Federal Investigation For ... Huffington Post "The debt collection tactics apparently being used by Accretive Health to get money from patients waiting to be seen by an ER doctor or recuperating in a hospital bed are abominable," Stark said in a news release. "This is corporate greed at its worst ... Victims Share Experience With Accretive Debt Collecting Tactics In Congress, a Move to Look Into a Medical Debt Collector Accretive Health's collection tactics fuel hospital outsourcing debate |
10 Tactics to Stop Rogue Debt Collectors in Their Tracks - ABC News
 ABC News | 10 Tactics to Stop Rogue Debt Collectors in Their Tracks ABC News By ELISABETH LEAMY (@elisabethleamy) Debt collectors make more than a billion contacts with consumers each year, according to ACA International, the debt collection trade group. Unfortunately, in some of those contacts, rogue debt collectors step way ... Scam Collection Agency Still on Hook for $10 Million if Anyone Can Find Them WATCH: Woman fights to collect from debt collectors Sokolove Law, LLC | Aggressive Debt Collection Practices Prompt Litigation |
Debt collector's tactics set off 'culture war' at Fairview - Minneapolis / St. Paul Business Journal
 KUNM | Debt collector's tactics set off 'culture war' at Fairview Minneapolis / St. Paul Business Journal Accretive Health's aggressive collection tactics at some Minnesota hospitals were called out by the state's attorney general last month, but employees at Fairview Health Services had been trying to raise the alarm for years. Embattled Hospital Debt Collector Taps Politicians For Defense |
Medical debt collector accused of too-tough tactics - WDIV Detroit
 ksl.com | Medical debt collector accused of too-tough tactics WDIV Detroit The documents released in Minnesota show tough tactics allegedly used on patients while they're in the hospital by Accretive Health. Tactics that include embedding debt collectors inside emergency rooms and demanding that patients pay up before they ... Medical debt collector under fire for tough tactics, • A civil suit accuses ... Debt collector's alleged questionable tactics raise questions in Utah Minn. attorney general cites Accretive for aggressive collection tactics in ... |
Debt collecting minister accused of aggressive, illegal tactics - WGCL Atlanta
Debt collecting minister accused of aggressive, illegal tactics WGCL Atlanta By Jeff Chirico - email Rosenthal, Stein & Associates, a debt collection company in Marietta, and it's owner, Sharisse Williams, are facing a state investigation after consumers complained about aggressive and illegal debt collection practices. |