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Life After The Sub-Prime Mortgage Meltdown We have all read the articles outlining the fact the American public is spending more than they bring in and saving -1% net per year, a statistic that has not been at that level since the Great Depression in the early 1930’s. As we head into a recession this year, analysts are all predicting auto-loan and credit card defaults to hit record highs. Banks are already realizing increases in default rates across the board. In haste they will adjust their lending policies from what was considered to be extremely liberal to a more conservative approach. This will decrease the size of the approved credit limit for consumers who have average credit scores and who are new credit applicants. READ MORE Collection Strategies for the Future Volatile. Unstable. Unpredictable. Without a doubt these are words to describe today’s collection industry. However, this might also be the apropos moment for a collection agency to make its mark and define itself as a standout leader amongst an ocean of questionable firms. Achieving this will require companies to take advantage of new strategies afforded by emerging collection technology, combined with the latest in analytical science. READ MORE |
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May 2009
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November 2008
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June 2008 P&B donated $30,000.00 to the Ryan Miller’s Saves for Cancer Foundation and the Roswell Park Cancer Institute. READ MORE May 2008 P&B honored by Business First READ MORE April 2008 P&B was named "Small Business of the Year" by Bank of America. |