March 2020

debt recovery dallas tx

5 Things You Need to Know About Credit

The temptation to utilize credit can be very strong. The idea of getting something now and paying for it later sounds great, but it isn’t that easy. Credit is a complicated concept, and it can come with serious repercussions if you don’t use it responsibly. We’re here to tell you 5 things you need to know about being responsible with credit.

States Take Action to Establish Guidelines for Collectors Working from Home Temporarily

As concerns about the impact of the spreading Coronavirus (COVID-19) continue to grow, one of the most pressing issues in many industries is how to effectively balance the need for public and employee safety with the need for continued operations. In the collection industry, this concern is even more difficult to navigate due to existing rules and guidelines concerning the process, and the associated privacy and financial concerns that could be involved. At Southwest Recovery Services in Dallas, TX, our team of experienced debt collection specialists has spent years working with a variety of clients to recover lost revenue streams, and we know how important it is to maintain an uninterrupted collection cycle when it comes to maximizing potential returns.

Interest on Federal Student Loans Waived by President Trump in Response to COVID-19

On March 13, 2020, President Donald Trump declared a national state of emergency in response to the ongoing spread of the Coronavirus (COVID-19) which is now classified as a global pandemic. As part of this declaration, he announced that there would be a waiver of interest payments on all federal student loans. “I’ve waived interest on all student loans held by federal government agencies, and that will be until further notice,” President Trump said during his statement. At Southwest Recovery Services in Dallas, TX, our team of professional debt collection agents understands how important it is to act with unity during this unprecedented time of crisis, and we feel it is important to spend time clarifying some of the confusion that may be circulating regarding this decision among our clients, and our readers.

Common Reasons Why Someone Won’t Pay a Debt

When people are trying to avoid paying a debt, they could be doing it for a multitude of reasons. Be it fear or uncertainty, they aren’t skipping on their payments for no reason. We’re here to talk about the three common reasons people give for not paying their debts. If you or your organization needs backup getting the money you’re owed, call Southwest Recovery Services. All you need to do is call, and we’ll get started on your case right away with no out-of-pocket costs.

How Exactly Do Debt Collection Agencies Work?

Though we have all heard of debt collectors, not everyone understands what exactly they do and how they do it. Today we are going to simplify the process that debt collection agencies go through to do their job of helping individuals and businesses get their deserved payments. Southwest Recovery Services has offices in Texas, Oklahoma and Missouri, and are committed to getting you your money at no out of pocket expense to you.