Welcome to the BYL Services blog


 

Reports to Expect from your Debt Collection Agency

Businesses have to consider many options when selecting a debt collections agency. Obviously, the agency must be licensed, insured and compliant with various federal and state regulations. Beyond that, businesses must also find that they can trust...

A Debt Collector's Guide to Dealing with Negativity

Negativity can have an impact on everything from health to family life. In certain professions, like debt collection, negative emotions can run rampant. No one likes to get a call from a debt collector. Stress, frustration and certainly financial...

How to Pay Your Bills On time

Many Americans struggle to pay bills on time for one simple reason: they never learned how. Learning good financial sense isn't always taught like how to ride a bike or how to do your own laundry. If you aren't paying your bills on time regularly,...

What is the Telephone Consumer Protection Act?

On March 10, 1876, the first phone call was made when Alexander Graham Bell, inventor of the telephone, called his assistant, Thomas Watson, and said, "Mr. Watson, come here. I want to see you." Now, just past the 140th anniversary of that call,...

Does Medical Debt Affect My Credit?

Accidents happen. Medical bills also happen shortly thereafter. Unexpected medical debt is the number one reason Americans file bankruptcy and, in some cases, it happens without the consumer's awareness. Unpaid bills affect credit scoring. Credit...

Startup Best Practices: Accounts Receivable & Collections

Starting a new business can challenge even the most seasoned of entrepreneurs. Maybe you're an idea person, with your finger on the pulse of the latest technology trends. Maybe you're a genius at raising capital to get a great idea off and running....

Consumer Debt Collection – It’s more common than you think

"Debt".

It seems almost as shameful of a word as debt collections. In reality, debt collections, as in consumer debt and as a business who requires outside assistance to collect, is actually very common in the United States. The stigma around debt...

6 Tips to Identify the Right Debt Collection Partner

If you're considering hiring a professional and experienced debt collection partner, it's more than likely because you've exhausted other available collection efforts. Delinquent accounts have already taken enough of your time and resources and now...

How Debt Collections Affects Credit

Credit and credit scoring can affect buying or leasing a house or car, getting a student loan or credit card, or in some cases, getting a job. Creditors, lenders and property owners may have different policies on when they send an account to...

Can a Debt Collector use Social Media to Contact a Consumer?

Having a debt go to collections can be very stressful for a consumer who is simply trying to make ends meet. There could be medical debt, student loans or a number of reasons why an account is past due. Complaints about abusive and harassing debt...