http://woodmont.insidearm.com/fusetalk/forum/index.cfm?forumid=1 FuseTalk Basic Edition http://woodmont.insidearm.com/fusetalk/forum/messageview.cfm?catid=2&threadid=6774 2007-07-15T08:56:21 -05.00 JRBKEY011078 4 http://woodmont.insidearm.com/fusetalk/forum/messageview.cfm?catid=2&threadid=6687 2007-06-10T02:38:02 -05.00 Phillip 1 1st Macon Bank/Trust is currently owed money in the amount of $2972.69 by American Express company and the listed reason is Drafts. This is from fiscal year 1998.

I send a letter to the company that bought the original owner alerting them to the accounting discrepancy and a request for a goodwill compensation of 5% ( roughly 150 bucks). This alot easier then trying to beat out some kind of contract or beat money out of some debtor for that matter.

]]> http://woodmont.insidearm.com/fusetalk/forum/messageview.cfm?catid=2&threadid=6312 2007-02-01T14:27:49 -05.00 Mike Bevel 1
Do you have a story idea?

Know of someone in the industry moving and shaking his or her way to the top?

Is there a topic you'd like to hear a roundtable of individuals discuss?

This is the thread to drop your ideas in. The Editorial Team (Patrick Lunsford and myself -- so, it's not a very big or menacing team) will use the ideas you list here to pursue story topics for the website and the ARM Insider.

You're our audience, and we want to make sure we're bringing content that matters to you. Additionally, you can submit story ideas to mbevel at insidearm dot com or editor at insidearm dot com. ]]> http://woodmont.insidearm.com/fusetalk/forum/messageview.cfm?catid=2&threadid=6258 2007-01-19T10:41:56 -05.00 Vanderbilt Group LLC 1 http://woodmont.insidearm.com/fusetalk/forum/messageview.cfm?catid=2&threadid=5861 2006-10-10T10:13:53 -05.00 Tank 1 http://woodmont.insidearm.com/fusetalk/forum/messageview.cfm?catid=2&threadid=5379 2006-07-20T14:30:09 -05.00 collectiontool 1 Wes Alford comes from an exstensive 3rd party collection back ground. As a collection manager, and Director he brings alot of debt recovery knowledge to this lending giant.
He has also formed a group of Account Executives who are highly trained to handle debtors, and work with collectors. They business plan was to structure the National Recovery Center as a collection agency. Mr. Alford speaks to us regarding that concept.

"having used mortgage companies in the past, and dealing with the frustrations of loan officers, I knew that in order for us to keep our clients happy, and do the best job possible, we would have to think, like our clients, and put our clients first. The first thing I did was impliment a PRIME TIME policy. This would mean that our loan officers would have to work the same schedual as a collector. Second was to hire ex-collectors who knew how to talk with debtors, and who understood the importance for urgency. Third, we had to have programs and loan products available to the debtors that other lenders did not have. So I hired a full time Product and Pricing manager. This person spends their entire day locating new lenders we can broker loans to, as well as keeping updated with our own refinancing programs. And last but not least, with our underwriters and funders in house we can close loans as quickly as 2 weeks. We know how important that is to a collection agency and its clients and collectors. Volume, the more calls you make the more debtors you talk to, the more money you collect right?"

With a liquidation rate as high as 80% with some clients, we are sure to hear more from this National Recovery Center, and their team of recovery specialists. To get more information regarding the H.E.L.P. Program call their marketing department. 866-545-7496 ]]> http://woodmont.insidearm.com/fusetalk/forum/messageview.cfm?catid=2&threadid=5335 2006-07-13T15:20:37 -05.00 ddub 3 http://woodmont.insidearm.com/fusetalk/forum/messageview.cfm?catid=2&threadid=5194 2006-06-19T12:42:27 -05.00 aussie 3 ]]> http://woodmont.insidearm.com/fusetalk/forum/messageview.cfm?catid=2&threadid=5183 2006-06-16T08:09:01 -05.00 Collectiondiva 1
Ive detailed Workers comp and safety, compliance, Internal affairs, human resources and employee relations but still feel Im weak in the credit and collections.

Anyone have anything like this they can share that may spart some creativity for me? Any obvious things I should consider that Ive neglected? ]]> http://woodmont.insidearm.com/fusetalk/forum/messageview.cfm?catid=2&threadid=5180 2006-06-15T10:07:09 -05.00 Collectiondiva 3
I also know collection agencies do it too...but under some controversy. Id like to research if my company can legally send 1099's. Our corporation is a group of staffing companies. We provide staff, pay their payrol and my division is credit and collections: collecting the payroll from the companies that used our staff.

We are not "lenders", however we extend credit by paying our temps and billing them under Net30 terms.

Can anyone provide me with caselaw, or any links, or any insight as to if I can send 1099's on my forgiven debts? ]]>