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6 Common Misconceptions about Debt Collection Agencies

6 Common Misconceptions about Debt Collection Agencies

by Aaron Mueller | Dec 3, 2025 | Blog

When businesses consider outsourcing their delinquent accounts, many worry about the perceived risks of hiring a debt collection agency. Yet much of what people believe about collection agencies is based on misconceptions that prevent companies from leveraging...
How to Improve Recovery Rates by Identifying Delinquency Types?

How to Improve Recovery Rates by Identifying Delinquency Types?

by Aaron Mueller | Nov 27, 2025 | Blog

When a credit card payment fails, the problem isn’t always what it seems. A customer who forgot to update an expired card required a completely different approach than someone who deliberately maxed out their limit with no intention of paying. Yet many businesses...
Debt Management and Collections System: Detailed Overview

Debt Management and Collections System: Detailed Overview

by Harikrishnan E N | Apr 17, 2024 | Blog

Maintaining a healthy financial operation is crucial for businesses of all sizes. A robust debt management and a credit collections system can be instrumental in ensuring this health. When it comes to expertise in this area, First Credit Services stands out, offering...
Collection Agency’s Role in Auto Loan Delinquency Rates

Collection Agency’s Role in Auto Loan Delinquency Rates

by Harikrishnan E N | Apr 11, 2024 | Blog

Auto loan delinquency occurs when a borrower fails to make timely payments on their auto loan. Typically, auto loans have a set monthly payment schedule, and when a borrower misses one or more payments, they become delinquent. Managing and controlling auto loan...

Recent Posts

  • 6 Common Misconceptions about Debt Collection Agencies
  • The Impact of First-Party Collections on Your Bottom Line
  • How to Improve Recovery Rates by Identifying Delinquency Types?
  • Outsourced Bookkeeping Services for Multi-Location Businesses
  • 5 Customer Service Challenges You Can Fix with Scalable BPO Solutions

Recent Comments

    RMAI Consumer Resources
    This resource provided by the Receivables Management Association International (RMAI) provides information and tools to help consumers make informed financial decisions. take control of their finances, defend against fraud and deception, and more. The calculators section includes valuable tools for estimating retirement, planning debt payoff, building savings, and budgeting. There are also steps for managing finances amidst economic inflation.

    First Credit Services is an omnichannel debt collection agency and BPO company that specializes in accounts receivables management and customer service outsourcing. We have over 25 years of compliant collections and receivables management experience.

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