For companies in the ARM (Accounts Receivable Management) industry, compliance with regulations regarding communication with debtors is critical. When these businesses outsource these functions, they need a compliance-minded partner. In this episode of Ask the Experts, Area VP and Solutions Partner Anthony Faldetta discussed why it’s important to find an ARM-compliant print [...]
Collection letters are critical communications for notifying consumers of outstanding debts. These documents have many regulatory requirements regarding the content. As a result, those in the ARM (Accounts Receivable Management) industry need to ensure that their collection letters are effective. But what does “effective” mean? In this episode of Ask the Experts, [...]
Compliance regulations are a critical component of ARM (Accounts Receivable Management) communications. They must follow strict guidelines when issuing letters to consumers regarding collections of debts. Thus, these documents must adhere to all regulations every time. In this episode of Ask the Experts, Area VP Solutions Partner Anthony Faldetta talks about how [...]
Organizations in the ARM (Accounts Receivable Management) industry prioritize compliance and accuracy in sending printed collection letters. Most outsource these critical communications to a vendor. Many print and mail companies offer these services, but not all are the same. There’s a major difference you need to be on the lookout for—are they solely focused [...]
Debt collection letters are critical communications used by the ARM (accounts receivable management) industry. They stand as the official and formal notice to a debtor from a business regarding bills and payments due. It includes key information and must comply with compliance regulations. While all these documents are similar, they aren’t all effective collection letters. [...]
The accounts receivable management, or ARM, industry must comply with regulations in communications to consumers. As a result, these companies send high volumes of transactional mail. Those who wish to outsource this function will need accounts receivable management compliant print and mail services. So, what does that mean exactly? And what should organizations seek [...]
Compliance is always top of mind for those in the collections and accounts receivable management (ARM) industry. The Fair Debt Collection Practices Act (FDCPA) defines permissible print and digital communications. Failure to follow the rules can result in a debtor recovering actual and statutory damages, attorney’s fees, and other costs. For organizations to ensure ARM [...]
In the modern world, efforts for debt collection need an upgrade. By leveraging multi-channel communications, you can improve your debt collection efforts. With an encrypted, certified digital platform, you can remain compliant and gain the advantages of digital mail delivery. Find out how this works so you can recover more for your customers. What [...]
New York Governor Kathy Hochul signed the Consumer Credit Fairness Act (the Act) into law. The Act will likely have substantial impact on debt collection lawsuits filed by creditors or debt collectors in New York. The Act not only reduces the statute of limitations for filing a debt collection action, but imposes new filing [...]
For any business, getting paid on time is critical to cash flow health. In a traditional model, you provide a service, send a bill, and wait for payment remittance. When payments don’t come in on time, it can jeopardize your company. Often failure to pay bills on time is not within your control. According [...]
