The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.
PRA GROUP REPORTS LOWER PROFITS, EXPECTS INVESTMENTS IN LEGAL COLLECTIONS TO START PAYING OFF SOON
- Profits during the third quarter were down at PRA Group, but investments that the company has made in recent years is expected to start paying off in the near future, according to the company, which released its third quarter financial statement yesterday.
ENCORE REPORTS LOWER PROFITS, BUT OFFERS ROSY OUTLOOK GOING FORWARD
- Encore Capital Group may have made less money in the third quarter, compared with the same period a year ago, but the company seems to be really happy about its prospects moving forward. The debt buyer released its third-quarter financial statements earlier this week, announcing it made $20.7 million during the period, down from $28.2 million during the third quarter of 2017. Total revenue for the third quarter of 2018 was $337 million, up from $307 million last year.
JUDGE DENIES MOTION TO DISMISS FOR LETTER USING SAME LANGUAGE AS STATUTE
- A federal judge in Pennsylvania has denied a motion to dismiss a lawsuit filed against a collection agency for allegedly violating the Fair Debt Collection Practices Act by sending a collection notice that failed to inform the plaintiff of his rights even though it used the exact language from the statute.
REPORT LOOKS AT DOWNSIDE TO STUDENT LOAN REHABILITATION PROGRAMS
- Do student loan rehabilitations cause more problems than they solve? That is the question that one published report attempts to prove true by profiling a school teacher who graduated college in 2000 with $35,000 in student loans, saw that increase to $55,000 when he defaulted on them, and now owe $130,000 after an attempted rehabilitation with a collection agency.
WORTH NOTING: Details about the victims in yesterday’s mass shooting in California … JK Rowling is suing her former assistant for allegedly going on a spending spree with the author’s credit card … The average parent posts 1,300 photos of their kids online by the time the kids reach 13, according to new research … How artificial intelligence beat 20 lawyers … As someone who is looking for a used car, I can attest that this is getting a little ridiculous … Michelle Obama does not have a lot of love for President Trump … The FDA is getting ready to crack down on e-cigarettes … “Shrek” is getting a re-boot … Wildfires are flaring up in Northern California … The curse of the Honeycrisp apple … Why California will never Fall Back again … Supreme Court Justice Ruth Bader Ginsburg had a nasty fall yesterday, but appears to be ok … Mistakes to remove from your LinkedIn profile.
A Friday feel-good story
Funny Friday
The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.
