GOVERNMENT COLLECTIONS A BIG OPPORTUNITY HEADING INTO 2016
- A number of cities and local governments are facing budget shortfalls, some because of lost revenue and others because of unpaid taxes. To help offset those shortfalls, many of those governments are turning to collection agencies to help. This appears to be a huge opportunity for collectors who either specialize in government work or want to find new revenue channels.
- A Florida woman is suing a collection agency for repeatedly calling her cell phone to collect a debt for her soon-to-be-ex-husband, after she told the agency to stop calling her … A West Virginia man is suing a hospital for allegedly ignoring his legal counsel and trying to collect directly from the borrower … Using foul language when trying to get someone to pay a delinquent bill is not against the law in Florida.
MOM AND DAD ON HOOK FOR JUNIOR’S STUDENT LOANS
- Student loans owner by elderly consumers, many of who took out the loans to pay for their children’s college tuition, is the next financial crisis, according to a published report. The amount of student loan debt owed by seniors has increased tenfold in the last decade while the number of actual borrowers has tripled. More than 25% of those loans were in some form of default.
WORTH NOTING: Steve Harvey crowns wrong Miss Universe … How Uncle Same became the largest student lender … “Star Wars” opens to huge numbers (I’m taking my two boys to see it today and they’re more exciting about this than about Christmas) … Warmer temperatures are hammering energy companies … I’m sure some will disagree with this headline: 2015 was the year the FCC grew a spine … Younger CEOs are sharing more details about their lives … An interview with the CEO of Bank of America … Why Apple chooses Chinese factories for its labor … 22 ways to earn passive income … Five perks you might not have known about your credit cards … How healthcare is going to get Uberized … Inside PayPal’s command center.
A Hillary Christmas
This video is ripe for a Scrooge headline
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