According to the CFP Bureau, they received 82,700 debt collection complaints from consumers in 2020. A ten percent increase more than complaints of 2019. These stats show that the complaints about debt collection are on the rise. Most complaints result from debt...
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Capital Recovery Blog
Important Debt Collection Statistics to Know in 2022
Debt collection industry analytics provide deep perception into the U.S. marketplace for expert debt collection offerings. Understanding how the debt collections industry has managed over the last two years of crisis can allow organizations to dive deeper into key...
How Much do Debt Collection Agencies Charge?
There is no exact amount when it comes to how much debt collection agencies charge because debt collection depends on many factors. The amount owed, size, age of the debts, and many other factors influence how much these debt collection agencies charge. There are...
Capital Recovery Employee Spotlight: Bryan
Here at Capital Recovery Partners, we recognize the value of having top-notch team members. Our hiring process allows us to attract and hire employees who become some of the best debt collection personnel. Our commitment to ongoing training and continuing education...
How to Optimize Reimbursement and Boost Revenue for Your Practice
Optimizing reimbursement and boosting revenue should be one of every practice's top priorities, as reimbursements are needed to keep the practice financially afloat. The U.S. Department of Commerce reported that an account 60 days past due has a 70% chance of...
How an Email-First Strategy Can Drive Revenue
An email-first strategy has proven to be affordably effective when it comes to collection and revenue generation. Aside from eliminating paper mails, customers prefer getting emails before calls or social media messages because an email-first strategy promotes...
How to Make the Most of Employee Reviews
Employee reviews are instrumental to employee and organizational growth. It's a corporate activity that's beneficial to both the employees and employers when done correctly. Employee review is an evaluation process that sheds more light on an employee's performance to...
How to Manage Patient’s A/R in Modern Healthcare Era
For many medical offices, chasing due payments can be an exhausting task, and more exhausting are those missing claims that get your money tied up. As a professional who runs a medical practice, you’ll always have to deal with patients’ A/R. The good news for the...
Capital Recovery Employee Spotlight – Julia
Here at Capital Recovery Partners, we recognize the value of having top-notch team members. Our hiring process allows us to attract and hire employees who become some of the best debt collection personnel. Our commitment to ongoing training and continuing education...
