I am currently seeking a position in business development. I have 35 years of experience in the industry. My resume can be viewed at http://www.skiptraceconsultants.com or http://sbtresume.weebly.com.
Last night I had an interesting discussion with another group member about getting paid. His business mirrors my own and his fee structure is similar. He asked me why companies do not want to pay for the services that we provide. We do research that can sometimes take hours of phone calls, internet research and time. It seems that when we have a fee structure our prospective clients balk at it. They want quality information, but do not wish to pay for it.
If I go to an attorney I have to pay him by the hour and there is no negotiating, but the same attorney that wants me to provide him with information that has taken time and research is only willing to pay me $20.00.
I am not a non profit organization and I have overhead and expenses just as anyone else does. Are we not entitled to get paid for our services as well?
I would like to share this article from Collections and Credit Risk written by Darren Waggoner http://www.collectionscreditrisk.com/news/ccr_risk_analytics/consumer-complaints-fdcpa-lawsuits-increase-in-june-3018666-1.html?utm_campaign=newsline-jul%2029%202014&utm_medium=email&utm_source=newsletter&ET=ccrisk%3Ae2872086%3A856652a%3A&st=email This spells out that the debt-buyers are not effectively auditing their files that have been placed with agencies. This also means that agency owners are not being proactive and having their files audited. While I know that many of the agency owners are being compliant, many are unable to review collector files on a regular basis, they are unable to monitor all the calls. This is why agency’s are being shuttered, and fined hundreds of thousands of dollars. My question is would you spend $10,000. to save hundreds of thousands of dollars? Would you spend $10,000 to prevent your business from being shut down? We have the solutions: Please take a few minutes and review the to links and then answer this questions.
Check out our new Google Plus Page https://plus.google.com/u/5/b/107055532569215447786/107055532569215447786/posts/p/pub?hl=en …
I have just read an article in the this Buffalo News and while I find it appalling and reprehensible I often wonder what the collection agencies are doing of what their employees are doing to warrant being shut down, fined and in some cases imprisonment. http://www.buffalonews.com/city-region/federal-court/ftc-targets-amherst-debt-collector-for-threatening-consumers-20140309 http://www.buffalonews.com/opinion/buffalo-news-editorials/ftc-shuts-down-a-dozen-local-collections-agencies-to-protect-consumers-from-abuses-20140315 I have provided 2 links that were published in the same week. Can it be stopped. Are the agency owners doing enough to police their own companies. Are their employees getting the proper training. What about compliance? If what these articles state are true then perhaps the agencies should get a 3rd party independent party to audit their files. These periodic audits can help weed out the employees that plainly do not need to be there. I know that the owners have more to do with their money that make a donation to the AG coffers, or any other governmental agency. We have all see hefty fines that are imposed. Why? Agency owners need to have their own accounts audited and have the complaints STOPPED before they get escalated. Here are 2 links that can and will help you. All you have to do is ask for the help. http://thecomplianceauditors.weebly.com/ http://stopthecomplaints.weebly.com/less
We are up to 39,144 members and still growing. It still amazes me to see what has grown in the last 7 – 8 years since I started this group and several other industry related groups.
Today will be my final email blast and tomorrow a new reign will be taking over.
I have watched this group grow from a membership of 1 me, to almost 40,000 here and then the 10 sub-groups. It has been really pretty great. I will continue to post here, but as a member and not managing the groups on a day to day basis. At this time I need to focus my energies elsewhere.
4 Credit Risk Professionals Discuss Model Risk and Stress Testing
The complications behind model risk and stress testing to prove system compliance and integrity are two of the greatest concerns facing credit risk professionals today.
FC Business Intelligence recently conducted exclusive interviews with Key Bank, TCF Bank, Toyota Financial Services and the Federal Reserve Bank of Philadelphia, to demystify ambiguity around safeguarding against model risk and effectively stress test credit risk systems.
Access this complimentary 17 page white paper on credit model risk and stress testing right now http://bit.ly/1qhwzoZ
The white paper ‘De-Stressing Credit Risk: An Analysis of Model Risk and Stress Testing’ brings you face-to-face with issues being raised by credit risk professionals, including how to:
· Protect the integrity of your credit risk platform: detect model risk and evaluate how to best respond under periods of significant stress
· Isolate common loss-related stress scenarios: develop system specifications that will help you to predict variables and monitor performance
· Employ solutions to achieve compliance and reduce risk: improve your risk return ratio by implementing a strong validation framework to diminish loss and boost profitability
If model risk and stress testing is of significant importance to your business, please get in touch. I would be interested in receiving your feedback.
All the best,
Senior Vice President, Financial Services
FC Business Intelligence
Telephone: +44 (0) 207 422 4353
US (Toll Free): 1800 814 3459 ext 4353
As of last week and due to the economic climate i was forced to close Creditors Recovery Group, LLC a 3rd party collection agency. I am currently seeking a new position within the industry.
My resume can be viewed at http://sbtresume.weebly.com and I will be looking forward to hearing from many of you.
I am also implementing several other avenues:
Check out http://CreditandCollectionsPromo.weebly.com
As always I feel that these have been the greatest years for me, but the time has come for me to move forward and let someone else run the show.
If you should need to reach me I can always be reached at 954-722-0473.