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The debt collection industry performs valuable services and should receive the respect they are due. Encourage happy consumer testimonials!

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The Taxman Stayeth

By Aaron Reiter • April 29, 2019

Tax season for the debt collection industry is traditionally a boost to the bottom line. Keep communicating with consumers and keep that train rolling!

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Consumers need to express grievances- collection agencies should provide those channels. If they aren't complaining to you, they may call the CFPB or BBB.

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The credit and collection industry is learning how to adapt to this technological era, but is still far behind where it could be. Many consumers would choose email, texts, or online chat as their preferred form of communication, and agencies need to be able to adapt and meet those preferences.

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Compliance has become the competitive differentiator in today's collection industry. Clients want companies which can collect as much money as possible, while staying well within the bounds of collection litigation. Collecting the right way leads to collecting more clients.

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Who doesn't love a good play on words? While we are just about through the holiday season, TAX SEASON is quickly approaching and it is a magical time for the debt collection industry. Make sure you are prepared for this wonderful time of year by making your preparations!

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Collection agencies are rarely early technology adopters, but those that drop legacy platforms in favor of modern software platforms can no longer be called early adopters - now they're just being competitive and protecting their business. Take the plunge into modernity!

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Collecting debts through communication channels like text messaging or email have long been rejected as too risky but debtors are increasingly more comfortable with those methods than live phone calls. Solutions are available to meet consumer preferences and stay compliant with regulations.

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Beating Analysis Paralysis

By Aaron Reiter • August 13, 2018

If you really think about it, your debt collection agency or department is swimming in data your team collects. And you can add more data from outside companies! What will differentiate your company from your competitors is how you use those data and insights because that's where all the power lies.

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Leadership in the ARM debt collection industry may not be life or death of individuals, but decisions can impact the growth or demise of a business, which in turn affects the lives of employees or clients in profound ways. Modern debt collection software helps businesses act on big decisions.

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