Welcome to Debt Recovery Guide
Debt Recovery Operations Officer Article
. For a permanent link or to bookmark this article for further reading, click here.
Debt Recovery Services: Recovery Rates
When you need to hire a professional company for debt recovery services, one of the first and most important qualifications to look for in a company is their debt recovery rate. This is the amount of recovery they see when they take over collecting the debt. Of course, you want to work with a company that has a high debt recovery rate because it will help you to get better results. Most companies are willing to provide you with what their rate is, and you can use this to compare one company to the next. Yet, it is also important to consider the cost factor. Those debt recovery services with a high recovery rate are more likely to charge more for their services.
Strong Arm or Professional?
When you find debt recovery services with a high debt recovery rate, you need to find out what methods they use to get those results. As a company, you have a reputation to uphold. You definitely do not want to be seen as a company that is willing to allow their debts to slide. On the other hand, you do not want to have the reputation of being unwilling to work with people. The company that you hire is a direct reflection on your business, so take the time to consider where their rates come from.
For example, some companies are known for being strong-arm companies, meaning they use some less than ideal tactics to get the results that they have. They may be threatening or overwhelming to the consumer, which may not be something you want to be associated with. There are other, successful approaches though. Some companies employ a more professional approach where they are very straightforward and specific about what they need from the consumer without being forceful. This often works in their favor since plenty of companies or consumers who owe these debts are more likely to respond to these situations.
What To Look For
When you are looking at debt recovery services, take into consideration:
• The length of time that it takes to collect debts on average
• The amount of money that is collected (do they often settle for less?)
• What about accounts that seem hopeless; many of these debt recovery services work to provide you with help even when the situation feels like there little chance of recovery.
Getting the help of debt recovery services is quite possible, even for small debt collections. Work with a company that provides you with the results that you need and shows you how they do it.
Debt Recovery Operations Officer Specific links
Debt Recovery Operations Officer News
Taxpayers Fund $454000 Pay for Collector Chasing Student Loans - Bloomberg
 Bloomberg | Taxpayers Fund $454000 Pay for Collector Chasing Student Loans Bloomberg Joshua Mandelman made $454000 in a single year as a student-loan debt collector -- more than twice the pay of the US secretary of education. His boss, Richard Boyle, chief executive officer of Educational Credit Management Corp., received $1.1 million ... Bloomberg Still Hates Student Loan Collectors |
Student-loan debt collectors' pay criticized - San Francisco Chronicle
Student-loan debt collectors' pay criticized San Francisco Chronicle Joshua Mandelman made $454000 in a single year as a student-loan debt collector - more than twice the pay of the US secretary of education. His boss, Richard Boyle, chief executive officer of Educational Credit Management Corp., received $1.1 million ... |
Microlender Sees Reprieve in New Law: Corporate India - Bloomberg
 Bloomberg | Microlender Sees Reprieve in New Law: Corporate India Bloomberg ... revival by easing loan recovery just as mounting losses force it to curtail operations. The draft law would let microcredit companies improve debt collection and may also help raise funds, Chief Financial Officer S. Dilli Raj said in an interview. |
Portfolio Recovery Associates Reports First Quarter 2012 Results - MarketWatch (press release)
Portfolio Recovery Associates Reports First Quarter 2012 Results MarketWatch (press release) NORFOLK, VA, May 07, 2012 (MARKETWIRE via COMTEX) -- Portfolio Recovery Associates, Inc. (NASDAQ:PRAA) , a specialized financial and business services company and market leader in the consumer debt purchase and collection industry, today reported its ... |
TEXT-S&P cuts MEMC Electronic Materials to 'B+/NEGATIVE' - Reuters
TEXT-S&P cuts MEMC Electronic Materials to 'B+/NEGATIVE' Reuters As a result, we treat the lease obligations of these SPEs similar to operating leases, adding to existing on-balance-sheet debt of $606 million as of March 31, 2012. This approach reduces the amount of debt on the balance sheet relative to GAAP, ... |