Lawmakers in D.C. consider centralizing debt collection

Jan 13, 2011 Kyle Duncan

Lawmakers in D.C. consider centralizing debt collection

In an effort to centralize the system, the city council in Washington, D.C., recently considered passing a bill that would require all debt collection practices to occur in one office.The bill was introduced by Ward 3 Councilwoman Mary Cheh,


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Controversy over credit reports for employment screening

Jan 13, 2011 Brian Bradley

Employers should approach credit reports with caution when using them as part of a background check, because controversy has been swirling around the practice.Under the Fair Credit Reporting Act, a credit report should only be obtained after


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Insider to provide secrets on skip tracing business

Jan 13, 2011 Kyle Duncan

On January 18, two private investigators will hold a joint webinar that will reveal many insider secrets about debt collection practices, such as debtor screening, record investigation and skip tracing. The duo not only wants to reveal tricks


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Consumer credit rises in November

Jan 13, 2011 Brian Bradley

Despite mixed signals about economic expansion in the short term, consumer credit reports should be strengthening following a report from the Federal Reserve which stated that consumer credit expanded by $1.3 billion in November.That figure


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Auto credit lender lands significant funding

Jan 13, 2011 Brian Bradley

Consumer Portfolio Services, an Irvine, California-based auto lender, announced in late December that it had acquired an additional $120 million that will add greater liquidity to the market, according to the Orange County Business Journal.According


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