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Affecting Credit on Medical Debt Becomes Less Important To Collections

By Ken Dulaney A year or so ago, I began getting calls from some medical clinics that were in a bit of a panic over a rumor that medical debt will no longer be included in a consumer credit score once the clinic placed accounts with a collection agency.  As with most rumors, there was [...]

By | 2017-08-01T19:54:57+00:00 August 1st, 2017|Economic News Affecting Collections|Comments Off on Affecting Credit on Medical Debt Becomes Less Important To Collections

What Does The Future Hold For Credit Scores & Medical Debt?

August, 2015 That is a very good question and I am glad you asked it.  In the past, it has been common knowledge that if you have a medical debt on your credit report it stays there for seven years.  If the debt is paid in full then it is reported as such by the [...]

By | 2016-11-28T05:29:32+00:00 August 3rd, 2015|Our Blog|Comments Off on What Does The Future Hold For Credit Scores & Medical Debt?

FICO-9 & CFPB Update

In January, FICO.com’s blog reported the following meeting:  From www.fico.com Since its inception, the CFPB has made debt collection a top priority. I have highlighted some of the Bureau’s activities in previous posts (in April and January of last year). Last month, the CFPB again demonstrated laser-focused interest in this subject by holding a field [...]

By | 2016-11-28T05:29:33+00:00 March 24th, 2015|Our Blog|Comments Off on FICO-9 & CFPB Update

New Chief Operating Officer, New Plans to Increase Collections

ACSI President Jeff Chambers announced this month the promotion of Tony Palmer to the position of Chief Operating Officer.  Mr. Palmer announced the promotion of Taurse Harden to the position of Collections Supervisor.  It didn’t take long for the pair to come up with another great plan to insure every collectable dollar is collected for [...]

By | 2016-11-28T05:29:34+00:00 March 19th, 2015|Our Blog|Comments Off on New Chief Operating Officer, New Plans to Increase Collections

Alliance Collection Service supports MGMA at local outreach meeting

Alliance Collections Service, Inc. sponsored the MGMA Outreach meeting in Tupelo on Thursday, October 30th. The group met to discuss how FICO 9, the latest scoring version used by lenders, will affect the medical community and bad debt collections.  The group learned that the scheduled update to the scoring model has increased the number of calls [...]

By | 2014-11-17T21:02:46+00:00 November 17th, 2014|Consumer Delinquinces, Economic News Affecting Collections, Our Blog|Comments Off on Alliance Collection Service supports MGMA at local outreach meeting

“Collection Agency” – Good For America?

"Collection Agency", Good for America? Really? My fifteenth year with Alliance Collection Service is underway. November 1st will mark my 15 year anniversary with this great company. "Great company? A collection agency?" you might say. Yes, a collection agency can do great things, but just like any other industry, there are bad apples in every [...]

By | 2014-05-14T19:27:27+00:00 May 14th, 2014|Economic News Affecting Collections, Our Blog|Comments Off on “Collection Agency” – Good For America?

Alliance Collection Service, Inc. To Launch Financial Literacy Campaign – Considers Scholarships

21 April, 2014 Alliance Collection Service, Inc. of Tupelo, Miss., announced today that the company would take part in a national "Financial Literacy" campaign along with American Collector's Association International and "Ask Doctor Debt". Alliance will expend resources and time to increase awareness about financial literacy, especially with young people. As an award winning leader [...]

By | 2016-11-28T05:29:35+00:00 May 14th, 2014|Our Blog|Comments Off on Alliance Collection Service, Inc. To Launch Financial Literacy Campaign – Considers Scholarships

Are You Covered?

In some ways, we live in a scary world. A war is going on half a world away, but it affects all of us. With unsettling regularity, natural and unnatural calamities strike our countries and communities. Terrorists have destroyed buildings and lives; planes occasionally fall from the sky; evil people have given "hate mail" a [...]

By | 2016-11-28T05:29:36+00:00 December 19th, 2013|Legal Issues, Our Blog|Comments Off on Are You Covered?