Author: CPS

    ACA International’s 2020 State of the Collection Industry Report in partnership with Kaulkin Ginsberg Company provides an overview of important trends related to how the industry benefits consumers, creditors and the overall economy.    ACA International’s members and the collection industry serve an important role between creditors and consumers, as shown in recent… Continue reading Collection Industry Returns $90.1 Billion

The best collection agency for your business?  A great collection partner maximizes the amount of debt collected and maintains a professional relationship with your clients.    Think big picture, not just initial price The collection percentage charged by an agency is just one factor to consider when deciding which partner to choose.  Initially it is… Continue reading The Best Collection Agency

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today released an online resource to help communities form networks to increase their capacity to prevent and respond to elder financial abuse. The Elder Fraud Prevention and Response Networks Development Guide (Networks Development Guide) offers planning tools, templates, and exercises to help communities create a collaborative network… Continue reading CFPB Releases Tool to Prevent and Respond to Elder Fraud

Hiring a Debt Collection Agency is now Becoming a Common Practice for Every Organization Article was first published in the California Herald Hiring a debt collection agency is becoming a common tactic for more and more organizations. In recent findings, it has been observed that a lot of businesses find collection agencies essential in recovering… Continue reading Hiring a Debt Collection Agency

Why is a Debt Collector Calling Me? Debt collectors are not the enemy. Debt collector calling on consumers face endless stigmas around the debt collection industry. Assumptions and lack of knowledge, and all debt collectors are the same is a common misunderstanding about the process. Central Professional Services is proud to be one of the… Continue reading Debt Collections 101

Thanksgiving 2019 Happy Thanksgiving from Central Professional Services will be closed on Thursday November 28th to be with our friends and family. We hope everyone has a safe and happy holiday! The office will resume normal business hours on Friday November 29th at 8:00 am.  Thanksgiving Everyday? Here is something to think about this holiday… Continue reading Happy Thanksgiving!

Debt Collection Scams: Beware! Collection scams are something we have all probably experienced or will experience at some point. Dealing with debt in collections can be challenging, but especially difficult when you’re not sure if the person contacting you is legitimate or just trying to scam you. There are several legitimate debt collectors in the… Continue reading Debt Collection Scams

Collection Agency Notice: Now What? Collection Agency Notice?! No one likes to be in collections or receive a collection notice. Believe it or not, this happens to more people than you think. We understand the feelings of frustration and negativity. Central Professional Services is a collection agency that is here to help. Here are a… Continue reading Collection Agency Notice