Consumer Complaints, FDCPA Lawsuits Increase in June.

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.
http://thecomplianceauditors.weebly.com/
http://stopthecomplaints.weebly.com/

Google +

Posted: July 24, 2014 in Uncategorized

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

Greetings,
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,

Marsha

Marsha Irving
Senior Vice President, Financial Services
FC Business Intelligence
Telephone: +44 (0) 207 422 4353
US (Toll Free): 1800 814 3459 ext 4353
Email: mirving@fc-bi.com
___________________________________________________
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
http://thePOElocator.weebly.com
http://theSkiptraceTrainers.weebly.com
http://theDebtCollectionConnection.weebly.com
http://theComplianceAuditors.weebly.com
http://StopTheComplaints.weebly.com
http://rzdbackgroundsearches.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.

Thank you,

Steve Taylor
Founder
Email: staylor@skiptraceconsultants.com

Good afternoon,

We are up to 38,998 members and still growing.

Today may very well be my last email blast as I am looking into turning over the management group to another individual. Right now I need to spend my time seeking a full time salaried position. I would prefer to remain here in South Florida as I have been her for the last 35 years, but I am open to relocation to Long Island, NY or Atlanta, GA depending on the opportunity. My resume is still at http://sbtresume.weebly.com so I look forward to hearing from you.

Yesterday I had to close Creditors Recovery Group, LLC due to the current economic conditions and expense involved we could no longer do it. I have personally not received a paycheck since last August when I laid off from another position.

Last week I received a phone call at 3 a.m. waking me out of a sound sleep. Because I do have elderly parents I jumped up and answered the phone. It was someone calling me to find out when they would be approved on LinkedIn. Not an emergency.

I will still be blogging at https://skiptraceconsultant.wordpress.com so please feel free to follow me there.
I will also continue to be posting here in the discussion groups.
______________________________________________________
Stop The Complaints is going strong having signed up 25 companies in a short period of time. It is only $1500 for one year
http://stopthecomplaints.weebly.com
______________________________________________________Some helpful websites:

The Compliance Auditors – Keep the CFPB, AG’s, and the BBB off your backs: http://thecomplianceauditors.weebly.com/

Credit and Collections Promo: http://creditandcollectionspromo.weebly.com/

The Skiptracers Toolbox -http://theskiptracerstoolbox.weebly.com/

Credit and Collections Vendor Recommendations still only $75.00 for the year. http://creditandcollectionsvendorrecommendations.weebly.com/

The POE Locator – http://thepoelocator.weebly.com

The Debt Collection Connection – http://thedebtcollectionconnection.weebly.com/

Skiptrace Consultants Blog is at https://skiptraceconsultant.wordpress.com/
______________________________________________________Formalite – They help you streamline the licensing procedure:

http://www.formaliteinc.com/quote-vendorrec

Microbilt: Great for Batch POE skiptracing, phones and other searches. Check out their collection suite: http://bit.ly/18VSYgQ

RCH Companies for all of your collection field calls: http://www.rchcompanies.net/linkedin-05-2014/
___________________________________________________
As always if we can help please call 954-722-0473.

Thank you,

Steve Taylor
Group Manager/Founder

Good morning,
I do hope that everyone had a great Memorial Day weekend.
___________________________________________________
I have published a new updated resume at http://sbtresume.weebly.com. I trimmed it from 3 pages to 1/12 and it is a lot cleaner. I do hope that someone calls. I am seeking a SALARIED position.
___________________________________________________
We are up to 38,824 members and reaching the 40,000 mark here in this group alone.
I have created a new group called Credit and Collection Jobs. This will enable you to post new jobs in the discussion field where people can view them very easily. As you will not on that site I have removed the job tab. Here is the link: https://www.linkedin.com/groups?home=&gid=6693084&trk=my_groups-tile-grp
___________________________________________________
Stop The Complaints is going strong having signed up 15 companies in a short period of time.

http://stopthecomplaints.weebly.com/

___________________________________________________
Do you often wonder how companies get their data? Most of it comes from various electronic data providers. They are all fine companies with their attributes. The key however, is VERIFICATION. How do your skiptracers do the verification? The key is skiptrace training. With the proper training you can double or triple your monthly revenue. Your people must know how to read and interpret credit reports, and public record reports whether is is from Clear, MicroBilt, Trans Union/TLO, Accurint/Lexis Nexis. A lot of those can be very confusing.
The Skiptrace Trainers can help. The have traveled nationwide training large and small companies how to skiptrace properly and within the law. You can view them at http://theskiptracetrainers.weebly.com
___________________________________________________
We have done it again. Companies are getting business from our promo site. Check out the testimonial letters. We have gotten a 2nd testimonial letter at http://creditandcollectionspromo.weebly.com/testimonial-letter–2.html
___________________________________________________
Some helpful websites:

The Compliance Auditors – Keep the CFPB, AG’s, and the BBB off your backs: http://thecomplianceauditors.weebly.com/

Credit and Collections Promo: http://creditandcollectionspromo.weebly.com/

The Skiptracers Toolbox -http://theskiptracerstoolbox.weebly.com/

Credit and Collections Vendor Recommendations still only $75.00 for the year. http://creditandcollectionsvendorrecommendations.weebly.com/

The POE Locator – http://thepoelocator.weebly.com

The Debt Collection Connection – http://thedebtcollectionconnection.weebly.com/

Skiptrace Consultants Blog is at http://skiptraceconsultant.wordpress.com/

Facebook Credit and Collections Group

https://www.facebook.com/groups/creditandcollections/

___________________________________________________
Formalite – They help you streamline the licensing procedure:

http://www.formaliteinc.com/quote-vendorrec

Microbilt: Great for Batch POE skiptracing, phones and other searches. Check out their collection suite: http://bit.ly/18VSYgQ

RCH Companies for all of your collection field calls: http://www.rchcompanies.net/linkedin-05-2014/
___________________________________________________
As always if we can help please call 954-722-0473.

Thank you,

Steve Taylor
Group Manager/Founder