Fairway Capital Recovery Blog

Fairway Capital Recovery Provides Quality Collections Agency Services

Posted by Kelly Kramer on Mon, Aug 04, 2014

Recent national news coverage about the collections industry has brought into question some of the actions of a minority of Collections Agencies.  This coverage has cast a negative light on the industry, but does not accurately represent the actions or commitment of Fairway Capital Recovery.

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Topics: collection agency, hire collection agency, accounts receivable management, debt collection, collection industry news, collection agency calls, questions about collections agencies, collections agency

4 Things Your Collection Agency Should Never Do to Collect Debts

Posted by Matt Alkire on Tue, Mar 04, 2014

Despite the fact that there are many professional, responsible and above-board collection agencies operating in the U.S., there are a few that may not be so law-abiding and conscientious. Here are four major watch-outs to consider before partnering with any collection agency:

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Topics: collection agency, debt collection services, debt collection agency, collection agencies

Rent Collection: Agency Tips for Collecting Past Due Rent

Posted by Matt Alkire on Sun, Mar 02, 2014

Landlords and property managers deal with certain challenges as part of the reality of their jobs. One of those challenges is collecting past due rent. Whether you choose to collect past due rent yourself or hire a rent collection agency, you can maximize your collections with three simple tips:

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Topics: collection agency, debt collection services, collection agencies, rent collection agency

3 Tips for Communicating with Your Collection Agency

Posted by Matt Alkire on Thu, Feb 13, 2014

As in any successful partnership, open communication is vital when working with a collection agency. Here are three simple tips for getting the most out of your collection agency through great communication:

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Topics: collection agency, outsourcing debt collection, debt collection agency, collections agency

Quarterly Update: Accounts Receivable Management Industry News [Part 2]

Posted by Matt Alkire on Wed, Feb 05, 2014

Whether you perform collections activity in-house or outsource to an agency, it’s important to be aware of the regulatory changes and trends in the accounts receivable management (ARM) industry. This industry is highly regulated, and the rules governing debt collection practices have seen many changes in recent years. Here are some updates of which you should be aware:

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Topics: collection agency, accounts receivable management, collection industry news, ARM

Four Secrets to Successful Dental and Medical Collections

Posted by Matt Alkire on Thu, Dec 19, 2013

Consumers approach medical and dental bills differently than other bills, such as utility bills or rent. In many cases, they might feel less urgency to pay. After all, if your choices were between being evicted, having your electricity shut off or not paying for last month’s teeth cleaning, which bill would be your lowest priority?

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Topics: collection agency, debt collection services, accounts receivable management, collection agency fees, medical collections

Why Your Collection Agency Should Be Licensed, Bonded & Insured

Posted by Matt Alkire on Wed, Nov 20, 2013

You may often hear collection agencies refer to themselves as “licensed, bonded and insured”—but what do those things really mean? In this article, we’ll take a closer look at each of these concepts and why they are important.

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Topics: collection agency, outsourcing debt collection, accounts receivable management, questions about collections agencies, Collection agency license

How to Build a Case for Outsourcing Debt Collection in 5 Steps

Posted by Matt Alkire on Mon, Oct 21, 2013

As with any change, the decision to outsource debt collection will require you to communicate with key stakeholders and get their buy-in before you can move forward. Follow these five steps to begin building a case for outsourcing debt collection at your company:

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Topics: collection agency, outsourcing debt collection, hire collection agency, outsourcing, accounts receivable management, debt collection agency

Six Things Your Collection Agency Doesn’t Want You to Know

Posted by Matt Alkire on Thu, Oct 17, 2013

There are a lot of great collection agencies serving the needs of businesses all over the country, but there are also some who do not have the best interests of their clients at heart. Here are six things that some collection agencies do not want their clients to know:

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Topics: collection agency, outsourcing debt collection, debt collection services, hire collection agency, financial regulations

Five Attributes of a Great Debt Collector

Posted by Matt Alkire on Fri, Sep 27, 2013

Debt collection professionals make calls on the behalf of your company to customers who have past-due bills. Not just anyone can pick up the phone and successfully collect a debt—it takes a special skill set and a high level of professionalism. Great debt collectors exhibit all of the following five attributes:

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Topics: collection agency, outsourcing debt collection, Hire a collection agency, Debt collector