Article Abstract:
Econometric data has indicated that 1990 is an an optimum year for owners of small- and mid-sized credit report and collection services businesses with annual revenues between $1 million and $250 million to sell their businesses for premium prices. The forces driving the sellers market include the belief that it is easier to buy assets than build them; offshore buyers want to establish a US presence; and some buyers are concerned that Congress is planning to remove some of the tax advantages of acquiring companies. The reasons many sellers want to sell include lack of desire to assume additional risk; lack of operating capital; and boredom or burnout. Capital options available to owners not wanting to sell include recapitalization, refinancing, and restructuring.
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Article Abstract:
The business relationship between credit grantors and debt collectors is growing. Advances in computer technology have expanded the scope of data processing services available to American Collectors Assn (ACA) members, and make it more practical for credit grantors to have direct access to their accounts in the computer files of the collection companies that serve them. ACA members and other responsible collectors have also worked in partnership with credit grantors to abide by provisions of the Fair Debt Collection Practices Act, which was passed by Congress in 1977.
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Article Abstract:
Consumers and lenders can benefit from new biweekly mortgages. The automatic deduction of a mortgage payment from the consumer's checking account every 14 days and the maintenance of a ready-reserve account are the basic requirements. The consumer saves thousands of dollars in overall interest rates and the pay-off period is shortened. The lender enjoys minimal collection costs with suitable software applications. The value of collateral in the lender's portfolio and internal monitoring controls can also dealt with by computer.
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