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Asset Acceptance Stays in the Black in the First Quarter; Discloses FTC Action

by Collection Agency Software

Accounts receivable management firm Asset Acceptance Capital Corp. reported late Thursday that earnings in the first quarter of 2010 dropped under $1 million as a slowdown in cash collections weighed on revenue. Warren, Mich.-based Asset Acceptance (Nasdaq: AACC) reported net income of $356,500 – or $0.01 per share – for the first three months of [...]

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Encore Capital Sets Dates for First Quarter 2010 Results and Upcoming Investor Day

by Collection Agency Software

SAN DIEGO -- Encore Capital Group, Inc. (Nasdaq: ECPG) announced today that it will release its financial results for the first quarter of 2010 on Tuesday, April 27, 2010, after the market closes.  The Company will also host a conference call the same day at 5:00 P.M. Eastern Time to discuss the reported results. The [...]

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Things to Consider Before Hiring a Collection Agency

by Collection Agency Software

Hiring a professional collection agency has its pros and cons. On one hand, it can facilitate the collection of outstanding debts. On the other hand, hiring a collection agency means extra costs the company must shoulder. Here are some things to consider before hiring a collection agency: - The amount of the debt. Hiring [...]

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Collection Agencies: Ways, Means and Practices

by Collection Agency Software

A collection agency is a duly recognized and sanctioned business entity that engages in the collection of debts owed by individuals or other business entities. A collection agency can be part of a bigger company. In this case, the collection agency's main task is to collect debts owed to its mother company by its [...]

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Managing Employee Risk in a Social Media World

by Collection Agency Software

Are you concerned with what your employees are posting online? If not, you should be. Over the past five years, social media usage has exploded. Websites and communication platforms like Twitter, Facebook, Flickr, YouTube, LinkedIn, Foursquare, and MySpace dominate web traffic. In fact, if Facebook were a country, it would be the world's third largest [...]

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