United States Debt Clock

Rumson, Bolling & Associates has recently added an interesting new link to our website http://rumsonbolling.com

If you look on the right hand side of the webpage we added a new link. It is the United States Debt Clock. This link is rather important and gives the public knowledge not often known. On http://www.usdebtclock.org/ the United Stated Debt Clock has how much acquired debt the United States has. It also has the total revenue the United States currently has. The United States Debt Clock shows all form of debt in the United States from a total debt perspective to individual debt, to household debt. The debt clock also has the amount of assets small businesses have and the amount of assets large corporations have in the United States. The United States Debt Clock also has the money spent on large budget items such as: defense, social security, Medicare/Medicaid, and federal pensions. Many people often wonder what economic state the United States in and the United States Debt Clock clearly breaks this information down and with an explanation to each category. The United States Debt Clock even has a counter to the current United States’ Gross Domestic Product. No other website has all this information so easily ready, easy to read and has explanations to all information there. In order to make you a better consumer, better investor, better business owner, and everything in between Rumson, Bolling & Associates urges you to please take a look at the United States Debt Clock.

Rumson, Bolling & Associates Wants YOU To Have a Happy New Year

Rumson, Bolling & Associates wants to welcome everyone to a new year. Our company wants to help your company start this New Year off right by collecting on your old unpaid accounts receivables. Rumson, Bolling & Associates would like to help bring an extra boost of income to your company. This income may have been once believed uncollectable or unobtainable. The more time that passes the harder it is to collect on debtors, if your company has acquired any debtors in the past few Rumson, Bolling & Associates highly suggests sending your accounts receivables so we can being collecting today. Let Rumson, Bolling & Associates prove to your company how we have became an industry leader with one of the highest success rates in the collection field. This new year Rumson, Bolling & Associates wants this to be your most successful year and our most successful year yet!

Happy Holidays from Rumson, Bolling & Associates

Rumson, Bolling & Associates would first like to begin this blog post by saying happy holidays! Rumson, Bolling & Associates understands this is a slow time of year for some industries and an extremely hectic time of the year for other industries. Either situation your company may be in, it’s a perfect time to use Our services. If you’re company is shut down for the holiday season, let Rumson, Bolling & Associates collect money for you while you’re on vacation. Many companies need a constant revenue stream and by sending your unpaid invoices and your debtors to a collection agency, this will allow your company to continue this revenue stream while you may be on holiday break. Other companies such as parcel services and delivery companies will be extremely busy during the holiday season. When business is booming your in-house staff may be extremely overwhelmed and some of your larger invoices may get neglected, or it may be more efficient to send them to Rumson, Bolling & Associates. Rumson, Bolling & Associates continues to strive for excellence in providing the public and our clients the best service possible. Rumson, Bolling & Associates wishes everyone a happy new year, and We hope your company starts off this new year prosperous. Rumson, Bolling & Associates – Aggressive, Dignified, Effective.

Rumson, Bolling & Associates Can Help Your Business

Collection agencies are rarely seen as a positive aspect in the consumer world. However, in the business world many people should see them as necessities and use them as tools for success. Rumson, Bolling & Associates goes through much scrutiny in the public eye by having our doors open and operational but the increasingly urgent need for U.S. businesses to maintain positive cash flow boosts the importance of collecting unpaid debts sooner. The easiest and most logical way for companies to do that is to either A) higher their own staff of collectors or B) outsource there accounts receivables. With most companies going through severe cut backs option A seems highly unlikely. However, going with option B is a much more practical and economical. Obtaining lost income right now is more important than ever. With almost every industry in the United States going through severe economic hardships using trained professionals to return income back to companies can be a making or breaking in keeping companies doors open and keeping them from being understaffed. One conversation Rumson, Bolling & Associates’ staff is always engaging in, is to explain to company owners, controllers and/or CEO’s the importance of having a solid collection agency on their side. In these hard times companies need to make a firm stand against other companies and individuals who do not pay for goods and/or services. Outsourcing work to collection agencies sends a clear message to the business community and customers that your company will not allow those it works with to be taken advantage of. Rumson, Bolling & Associates does our best to make your company even more successful than it already is.

Debt Collection That Can Help Your Company

In the current economic times of the United States many consumers look down upon the collection industry. However, in commercial debt and business to business debt collection business owners should not be frowning upon debt collection agencies. Many businesses are being ripped off and being taken advantage of during these hard economic times. Many companies all across the globe are taking big hits and a collection agency may be just what some businesses need. To collect on unpaid invoices could help boost income or the lack thereof. Rumson, Bolling & Associates are specialists in business to business debt collection. Our studies have shown most businesses in every industry in the United States have taken a hit and most businesses have acquired an unpaid invoice within the past year and a half. Many people believe that because of the current economic situation of the United States that their unpaid invoices are useless and a lost cause; however, Our company has brought additional income to many businesses by making settlements or setting up payment programs with debtors. The longer one refuses to send their unpaid invoices into collections the harder it becomes to collect on any particular invoice. Rumson, Bolling & Associates urges creditors to send their delinquent accounts to collections as soon as possible because the contact information will be more current and one will definitely not run into a statute problem. Rumson, Bolling & Associates is always trying to make creditors more successful in the collection process and sending ones delinquent invoice to collections within the first 90 days will greatly increase the likelihood of being successful with collection efforts and having a higher margin of recovery. Rumson, Bolling & Associates is doing our part to make your business even more successful than ever.

The ACA Makes a Key Decision for the Future of the Debt Collection Industry.

On 11-4-09, the ACA (Association of Credit and Collection Professionals) decided to reverse it’s decision on wanting legislation to create a self-regulation structure for the debt collection field. Many members did not see this self regulation idea as a good thing. This meant more government involved meant, more fee’s and registration costs to what the ACA was originally planning. The CAC (California Association of Collectors) have been close to voting that members do not need to be a member of the ACA. For many years now the CAC always required it’s members to be apart of the ACA, however, due to decisions the ACA has been making in the past few years. Many of their policy changes, and the decisions they have been making have been counterintuitive to what the CAC feels is in their best interest. The CAC however, were not the only ones that were outraged by the ACA’s decision, many of its members were furious that the ACA would want to take this turn. John Nemo an ACA spokesperson told InsideARM,

“We are a member driven organization. We listen to our membership,” Nemo said. “There was no intent to try to deceive anyone or do anything behind the scenes. We understand that this is an incredibly sensitive and important issue, perhaps the biggest one since the Fair Debt Collection Practices Act passed, and we want to make sure we do as good a job as possible of being transparent about the process and making sure our board of directors and our membership at large are informed and able to give their input.”

It seems most of the ACA’s members are extremely happy with their current decision to not want added registration costs and fees. This decision still leaves questions to what the FTC, the ACA and other involved parties are going to do. With this year being the year with the greatest amount of Fair Debt Collection Practices Act law suits yet, there will be some kind of change in the future. Rumson, Bolling & Associates will do our best to keep our clients, readers and consumers on the forefront of news in the debt collection industry.

Credit Card Rates Increasing at an Alarming Rate

Rumson, Bolling & Associates wants to shed some light on credit card news that may not be common knowledge. Credit card rates have increased for a two year high. the average interest rate on consumer credit cards soared to over 15 percent in September in the past two years.

Many believe this sharp hike has been because Congrass has passed the Credit Card Accountability, Responsibility and Disclosure Act of 2009 (Credit CARD Act). Companies are raising their rates now because it will be much more difficult to raise rates after this Act goes into effect in early 2010. However, it is still likely with the current economical situation of the United States interest rates will continue to go up after the Act is in effect due to federal rates are predicted to go up. Currently individual companies are raising their rates, while in the future it would be an industry wide increase. An industry wide increase would mean not as big of an increase and a more regulated increase with the Act in effect. Current companies have much more free will to do as they please.

As the holiday season is approaching and everyone will be spending, Rumson, Bolling & Associates urges consumers to pay attention to interest rates, and your credit cards. For more information please read this article from ACA International.

http://www.acainternational.org/Credit-Card-Interest-Rates-Soar-15179.aspx