Experian Business Resources Directory

Collections & Credit Risk Article: Technology A Must for Regulation-Weary Collectors

04/20/2012

Tags: Consumer Credit Information, Collections, Debt Recovery

To meet the increasing regulatory requirements on our business, we must obtain a wide variety of information about consumers, said Mike Cushing, Executive Vice President of Business Development for Fourscore Resource Capital. The tech advances help his company and others avoid noncompliance, he added.

Description

The regulatory environment has never been so adverse for the accounts receivable industry. One mistake, such as using a wrong turn of phrase in a letter or calling a cell phone listed on an application for credit, can launch a costly and time consuming legal battle.

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