One-third of Americans have an account in collections
Oct 16, 2014 Philip Burgess
For many consumers, having to speak to a debt collection agent might seem like a daunting task. Many people associate this with having done something wrong - i.e. failing to pay a bill on time. Actually, once an account is in collections, chances
Are millennials contributing to traditional credit scores?
Sep 24, 2014 Philip Burgess
When consumers complete college or high school and look to go into a trade, they often don't have traditional consumer credit scores. Think of it this way: If they've never opened a line of credit - other than perhaps college loans, which many
Debt collectors: How to recognize scams
Sep 11, 2014 Philip Burgess
When scammers participate in almost any industry, it can have adverse effects on the legitimate operators who are just trying to make a decent living in the sector. For example, think of the retail realm. If a massive cyberattack occurs at
Banks recommend alternative finance?
Sep 09, 2014 Philip Burgess
How do consumers learn about emerging services that could make their lives easier? They should consider where they get most of their news and recommendations - friends, family members, social media pages, review websites, commercials, celebrities
The psychology of debt collection: A new approach
Sep 08, 2014 Philip Burgess
Despite the fact that these stereotypes are unwarranted, debt collection agents are often viewed as shady characters quick to harass or pull a scam on unwitting consumers. That couldn't be further from the truth, but these professionals tend