Common Sense Compliance

complnc_canGuest Editorial

Welcome to the New Year!  It is my hope that 2014 will be a banner year for our industry.  We should all, as industry professionals determine we will accept nothing less.  Lord knows our industry professionals could use some financial relief.

Common sense Compliance is intended to be a three part series of articles exploring what this new term “compliance” means to those who service self-help repossession assignments.  All three articles are also intended to be based on experience (as a member of the collateral recovery industry since 1961) observations and suggestions, and not upon judgments and accusations.

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Disorder in the Courts

angree_jdgHave you had your “daily dose” of humor for the day?


Guest Editorial

It is said that laughter is the best medicine and it seems especially true when we find humor related to lawyers.  With that in mind we thought we would try to brighten your day by publishing some fun filled scenarios from the book, Disorder in the Courts of America.  These are things people actually said in court, word for word, taken down and now published by court reporters that went through the torment of staying calm while these exchanges were actually taking place.

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Growth, Despite Sluggish Economic Predictions CU Recovery & the Loan Service Center Understand Credit Unions


Wyoming, MN January 13, 2014 – In the face of tepid economic predictions for 2014, CU Recovery recognizes that a change in the pulse of the credit union marketplace is an economic indicator that can be measured by an up-tick in loan growth.  And, the natural offshoot of loan growth is loan delinquency.  In the last 30 days, The Loan Service Center has experienced significant growth in new client start-ups; in fact, more growth than the first 2 quarters of 2013 combined. This type of growth is the result of a unique LSC business model designed with a member focused philosophy in mind. Building relationships with delinquent members combined with advanced, practical collection knowledge is what makes it work.

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Secure Collateral Management Llc (SCM) Announces Financial Incentives For Its Contracted Recovery Agents To Become Vendor Transparency Solutions (VTS) Certified

secured_coll_mngtFOR IMMEDIATE RELEASE 

Dallas, Texas- January 14, 2014-Secure Collateral Management, the same company that shocked the recovery industry last year by announcing “SAME DAY PAY with NO FEE” for its nationwide network of recovery agents and then became the first forwarding company to pay Positive Resolution Fees, now announces a TWO HUNDRED DOLLAR ($200) INCENTIVE toward its contracted agent’s initial VTS Certification fee for contracted service providers that register with VTS prior to February 15th, 2014. ADDITIONALLY, once VTS Certified, SCM will add a FIVE DOLLAR ($5) VTS Certification bonus to its agent’s contracted recovery rate for EACH repossession performed for SCM. This bonus continues for the life of the agent’s VTS Certification.

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Primeritus Financial Services Brings 2013 to a Charitable Close



Nashville, TN – Thursday, January 2, 2014 – During the last quarter of 2013, employees of Primeritus Financial Services, Inc. were busy campaigning for destitute families needing food with their collections on behalf of Feeding America® Second Harvest Food Bank, and giving special wishes to children with a life-threatening illness through donations to A Special Wish Foundation®.

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