Posts tagged ‘Collection’

Three Reasons Why Collection Accounts Are Taken From Your Credit History

Few individuals understand that you’re able to get negative entries placed by enthusiasts removed from their files. There are two occasions when you’ll have it pulled down.

One example is when the listing belongs to someone else which is erroneously placed on your file. The only method you are able to determine if such blunder features discovered its method into your credit report is to find a duplicate of one’s report. Your file must be three fold because three bureaus are authorized to compile and determine the performances of consumers. These bureaus are, Experian, Transunion, and Equifax.

Another instance when you can finally need that a bad entry be eradicated from your own file occurs when this has exceeded its length of time. In accordance with legislation, collection accounts can only spend a period of seven many years and six months on the report. Bureaus frequently cannot erase these entries from files following the termination of their time. Its your decision to achieve this yourself if you are using the do-it-yourself method or the repair services company if you decide to contract the repair task to a company.

As well as the 3rd, that will be my personal favorite, occurs when the enthusiast cannot precisely validate into the bureau the precision associated with product. Once you dispute the entry, the bureaus must contact the collector for evidence. If this is maybe not delivered back into the company within a particular timeframe it must be erased from your report, provided that them is unverifiable it should go!

You’ll outsource the solutions of a fix company and take the reins by learning the procedure yourself to get downsides or mistakes taken off your file. Using either of the two measures is going to do exactly that as well as boosting your rating.

The best way to eliminate mistakes and expired entries from your own file is by composing a dispute letter toward bureau that recorded it on its form of your report. In your dispute letter, you need to notify them of that the account cannot fit in with your file and thus, they ought to delete it immediately.

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Anytime Collect 2015 B2B Debt Collection Software Now Available from e2b teknologies

(PRWEB) February 05, 2015

A new version of Anytime Collect, the popular debt collection software from e2b teknologies, is now available. Anytime Collect 2015 is highlighted by new features to help companies manage business credit with email-based alerts and a statistical cash forecasts.

“Anytime Collect 2015 is a milestone release for our customers and partners,” said e2b teknologies president Lynne Henslee. “Business credit management can be difficult for many businesses. This release provides a much deeper understanding of what’s happening in accounts receivable with new features to manage and monitor credit risk.”

Anytime Collect 2015 includes features to track business credit scores from credit bureaus, internal credit scores, notifications for periodic credit reviews, and color-coding to draw attention to high risk accounts. Further, new document management features are helpful for storing related credit reports, business credit applications, and similar information in a centralized location.

The dashboard has been improved to provide a projected cash receipts forecast which uses customer payment history from the company’s ERP accounting software to predict when open invoices will be paid providing new insights into cash flow forecasts critical to working capital management.

“Accounts receivable shouldn’t be an island in the organization,” Henslee said. “We’ve added a new alerts module which generates email-based notifications to connect everyone with critical account, dispute, and receivable information. Alerts can be setup for virtually anyone including accounting, project management, customer service, shipping, manufacturing, senior executives, or even external bookkeepers or outside sales representatives.”

Additional features available with Anytime Collect 2015 include:

    Embedded Customer Support including a Knowledgebase and Online User Community
    Payment Schedules for management of invoices with special terms or payment plans.
    Document Management with centralized storage for account and invoice documents and files.
    Guest Portal Hyperlink for automated access to a secured self-service portal for customers.
    Procedures providing instructions or call scripts for common credit and collections activities.
    Live Chat integration for users to communicate with customers about their accounts or invoices.
    Scheduled Data Synchronization for Intuit QuickBooks (new for Basic Edition).

About Anytime Collect:

Anytime Collect, published by e2b teknologies, is a leading cloud-based accounts receivables management system integrated to leading ERP accounting systems including Intuit QuickBooks, Epicor, Sage ERP, Microsoft Dynamics, and others. Anytime Collect is designed specifically for businesses selling to other businesses on credit terms to streamline and automate the entire accounts receivable credit and collections process with a return on investment in as little as two months.

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False collection about credit report?

Question by Jessica: False collection about credit report?
Today I was watching my credit report plus noticed how it mentioned I had 1 collection. I virtually had a stroke whenever I opened the page.

It states which I have a $ 11,000 debt. The Creditor Classification is marked Medical/Health Care, yet the creditor name is of a apartment complex where I utilized to lease.

My spouse was undergoing a PCS whenever you left the apartment plus which is truly the only problem I could think of which you had with which apartment. I’m thinking why it was filed plus why beneath medical/health.
I have filed a dispute from Equifax plus am thinking when that’s all I may do at this point? I googled the firm name plus found this –

Thanks ahead of time for any aid!

Best answer:

Answer by Toni
Credit Reports will create errors.
It may be a bill which simply got mis-classified.

Check all 3 of the credit reports.
Many collection firms just report to 1 bureau to cut costs.
You can have different collectors once you should you simply checked 1 of the reports.

Check all THREE of the reports at
Annual Credit
Reports are free – usually have been – not receive scammed into paying for them…

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Collection Services Leader Rapid Recovery Solutions Examines the Reluctance of Young Adults to Use Credit Cards

Bohemia, NY (PRWEB) September 05, 2013

Rapid Recovery Solution, well aware of the prevailing trend among 20 somethings to reject credit cards as favorable payment options.

According to a September 3 article from Daily Camera titled Credit-shy: Younger generation is likely to stick to cash-only policy, credit card use among consumers 18-29 is significantly lower than that of any other age group. Overall credit card use across the country has consistently declined since 2005, but in no demographic is the plunge so drastic than with young adults. A Pew study reveals that only 39 percent of consumers below the age of 35 maintained a credit card balance in 2010, compared to 48 percent just three years earlier. Moreover, the median credit card debt among the younger demographic has fallen from $ 2,100 to $ 1,700.

There are a number of explanations credited to this stark change in spending practices. Firstly, the 2009 CARD act outlawed promotional giveaways for credit card applicants on college campuses. Secondly, young adults have higher debts from student loans than ever before. Lastly, the weak economy has limited employment opportunities upon graduating and restricted consumers buying power.

John Monderine, CEO of Rapid Recovery Solutions, offers his unique perspective. Credit card use has diminished since the economic downturn, and I can confirm the drop-off has been especially apparent among young adults. Monderine continues. However, credit cards, when used in moderation, can facilitate necessary investments and improve credit scores. A collection services firm like Rapid can provide guidance for responsibly making purchases on credit.

Founded in 2006, Rapid Recovery Solution, Inc. is headquartered at the highest point of beautiful Long Island. Rapid Recovery Collection Agency is committed to recovering your funds. We believe that every debtor has the ability to pay if motivated correctly. We DO NOT alienate the debtors; we attempt to align with them and offer a number of ways to resolve not only your debt but also all their debts.

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Debt Collection Lawsuit – How to Respond to A Debt Collection Lawsuit Debt Collection Lawsuit at Falcon Credit Management is one of a variety of debt management services we specialize in.
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