The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.
NEW COLLECTION AGENCY OPENS, BACKED BY $10 MILLION INVESTMENT
- Emergent Business Group, a collection agency based in Horsham, Pa., has announced its grand opening. The company is backed by up to $10 million in equity financing by Strandview Capital. Emergent is being run by Bruce White, who has held varying positions in the credit and collections industry for more than three decades, including stints at Wells Fargo and Fireside Bank, according to his LinkedIn profile. Also on the senior management team is Sam Ison, who is executive vice president of operations, and Kathy Simmermon, who is senior executive director of business development.
TIM HAAG TO BECOME THIRD GENERATION PRESIDENT AT STATE COLLECTION SERVICE
- Tim Haag has been named the new president of State Collection Service in Madison, Wisc. Haag becomes the third generation Haag to lead the collection agency. State Collection was founded by Haag’s grandfather, Hilding Haag. Tom Haag, Tim’s father, is currently the company’s chairman and chief executive officer.
IOWA LAMENTS DIFFICULTIES IN COLLECTING $731 MILLION IN UNPAID DEBTS
- The state of Iowa is owed more than $731 million in unpaid criminal judgments, civil fines or past-due parking tickets, according to a published report. The third-party collection agency in charge of recovering those unpaid funds has collected $50 million in the is years it has been working the accounts.
CUSO BUYS COLLECTION-FOCUSED COMPANIES
- PSCU, the largest credit union services organization (CUSO) in the United States, has announced a pair of acquisitions in the collections and recovery space. The company acquired CU Recovery Inc. and The Loan Service Center Inc. CU Recovery handles post charge-off accounts and is a full-service collection agency, while The Loan Service Center is a first-party collection company.
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The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.
