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Michelle Dunn
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  • Plymouth, NH
  • United States
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Getting paid in 2010
1 Reply

Started this discussion. Last reply by John McNamara Jan 4.

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Charging Interest on Collection Accounts

Michelle, My company is sending a few of our non-responsive customers to our external collection agency.  The owner of my company wants me to calculate and add on interest charges to these accounts before we send them off. My question is, since the customers did not sign anything informing them that this would be done, can we [...]

Buying Debt

I recently ran across a LinkedIn group called the Loan Buyers Group: National Debt Buyers.   I wanted to share it here because I get so many questions about buying debt and everything that goes along with it. This group was started by Gary Baker who is the  Managing Partner at Crescent Bay Financial.   For more information [...]

Kaulkin Ginsberg’s Virtual Exposition a Success

Attending a virtual expo really appealed to me this year, especially since the economy has hit everyone hard and travel and time are an expense many of us can’t afford.  The best part about the industry’s first virtual exposition was that it was free and you could attend from anywhere, the park, your home in [...]

Vendors can help Financing

Vendors can help financing story in the Wall Street Journal by EMILY MALTBY – Strong relationships are vital in landing financing. That’s why some small business owners have found luck with a group they already know well—their vendors. Negotiating with vendors to secure better trade terms isn’t new. But research indicates that owners do so more [...]

Licensing when Starting a Collection Agency

Michelle, I am looking into opening a collection agency in Buffalo, NY and purchasing portfolio’s of debt to collect.  I am wondering what type of license I need to be able to do this.  I just need to know what I need to do to be able to purchase debt and collect on it in regards [...]

Creditor? Debtor? Written Off American?

Share your story for a chance to be featured in Jerry Ashton’s upcoming book – Written Off – America and Americans! Jerry has taken on a book project and is looking for your contributions!  His chapters include stories about America and Americans in the poorhouse, debt collection as the worlds second oldest profession,  and much more. [...]

How’s YOUR Credit Control Policy?

I just read a very good post on Joel LeBlanc’s blog Credit Collections & Finance about credit control policies, and how 2010 will be a tough year on the credit front for many businesses. There has been a sharp decline in the demand for credit and an increase in defaults across the board. The most worrying [...]

Your Credit Policy is an Asset to your Business – Part 2

Your credit policy is the backbone of your finances, without money you cannot continue to stay in business or grow your business.  The credit policies you have for your company should be integrated with your sales department and distribution so that you can all be on the same page and provide outstanding customer service.  When [...]

Your Credit Policy is an Asset to your Business – Part 1

Your business has many assets, such as physical items, maybe your building, equipment, items you stock, key employees, your customers and your credit functions.  Many business owners don’t look at their credit functions as an asset, but your credit functions are one of the most important assets your business has.  Assets are economic resources owned [...]

Licensing costs for 3rd party collectors in NH & MA

Hi Michelle, What would be the steps/cost of opening a collection agency that is an LLC and be licensed to collect in NH and MA? I would like for the LLC to be based in NH. I am not asking about total start up costs, rather just the licensing costs that each state require? – thanks, [...]
 

CEO, writer, columnist

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Latest Activity

Jennifer, I would be interested in learning more about your FDCPA compliance testing, I think it is something my association members would be interested in. I didn't realize there was a software that could do this for agencies.
on Monday
Michelle Dunn and Sandy Glover are now friends
on Monday
3 Financial Dangers of Social Media: http://ning.it/dC4MXZ
on Sunday
Michelle Dunn added a blog post
In 2010 I am stepping up my online presence, and attending more virtual events and joining and networking on social networks to save on expenses and travel.If anyone wants to connect on other social networks, please join me on LinkedIn: http://www.…
on Friday
on Friday
vijay joined Michelle Dunn's group
Discussion of pro's & con's about virtual collections and how it can help your business. Share your success and pitfalls regarding virtual collections.
March 8
When I hear about any - I will! I post them on my network at http://americancreditandcollections.ning.com at the top of the page.
March 8
Entrepreneur's Journal: Steps to Take When Hiring a Collections Agency - Blogging Stocks - http://ning.it/aogFaq
March 7

Profile Information

Corporate Title
CEO, Writer
Company
American Credit & Collections Association LLC
City, ST
Plymouth NH

Professional Collection Education Tools

The Collecting Money Series by Michelle Dunn

Fair Debt Collection Practices Act - 5 day E-course

How to get your Customers to Pay - 5 day E-course

The Debt Collectors Collection Training System includes consulting, e-course, e-book, Success Sheets, free monthly newsletter.


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Michelle Dunn's Blog

Michelle Dunn

Social Networking

In 2010 I am stepping up my online presence, and attending more virtual events and joining and networking on social networks to save on expenses and travel.

If anyone wants to connect on other social networks, please join me on

LinkedIn:

http://www.linkedin.com/in/creditmd

Twitter:
http://twitter.com/DunnMich

Posted on March 12, 2010 at 11:32am —

Michelle Dunn

Summary of Kaulkin Ginsberg’s Virtual Exposition

Attending a virtual expo really appealed to me this year, especially since the economy has hit everyone hard and travel and time are an expense many of us can’t afford. The best part about the industry’s
first virtual exposition was that it was free and you could attend from
anywhere, the park, your home in your slippers, a coffee shop or your
office.




The virtual expo had a v

Continue

Posted on February 22, 2010 at 7:31am — 2 Comments

Michelle Dunn

Teaching your clients that a Credit Policy is an Asset to their Business

Your business has many assets, such as physical items, maybe your building, equipment, items you stock, key employees, your customers and your credit functions. Many business
owners don’t look at their credit functions as an asset, but your credit

functions are one of the most important assets your business has. Assets are economic resources owned by a

business. Anything tangible or

intangible that your business own

Continue

Posted on February 15, 2010 at 10:00am —

Michelle Dunn

American Credit & Collections Association launches Social Networking website

With social media taking over as the new way to market, network and grow your business, the credit and debt collection industry is no exception. Michelle Dunn, the founder of the American Credit and Collections Association has created a social

Continue

Posted on February 7, 2010 at 1:23pm —

Michelle Dunn

How to collect money from difficult people, while keeping your cool

Collecting money is a job most people shy away from, no one likes a confrontation. For some being asked to pay a bill is insulting and they take offense, resulting in them becoming defensive when you bring up the subject. How can you collect the money they owe you without blowing up yourself?

If you can remember or remind yourself before you make a collection call that this person is embarrassed, stressed and will become defensive when you ask them to pay, you can be ahead of the game. With thi… Continue

Posted on January 26, 2010 at 8:30am — 2 Comments

Comment Wall (6 comments)

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At 11:31am on March 12, 2010, Michelle Dunn said…
If anyone wants to connect on other social networks, please join me on

LinkedIn:

http://www.linkedin.com/in/creditmd

Twitter:
http://twitter.com/DunnMich
At 7:49am on August 1, 2008, JJ Hornblass said…
Sure, but there are two aspects of this which are interesting. The first is that the rumors center on a technology company, and second that Touchstar went public to deny them. Maybe there is a backstory here?
At 10:18am on July 31, 2008, JJ Hornblass said…
Michelle, Did you see the news from Touchstar last week on what the company called the "spreading [of] false and disparaging statements" about the company by its competitors?

Here's what the CEO said in a statement:

“TouchStar’s sales and support teams have been told by several clients and prospective clients that a handful of people are spreading false and disparaging statements about TouchStar. TouchStar has made several significant and healthy changes in 2008. We properly adjusted for redundancies gained from prior acquisitions and we built a better business model based on lessons we learned as we grew. I am not surprised that a few competitors have tried to use unprofessional tactics because TouchStar’s market share continues to grow.”

What do you make of all this, Michelle? What are you hearing?
At 8:14pm on July 19, 2008, Steve Taylor said…
Thank you for inviting me , Michelle.
At 9:28am on July 15, 2008, Neal Cropper said…
Hey Michelle thanks for accepting my invite. I thought you might like to check out this new portal. Lets see how successful it becomes.
At 9:10am on July 15, 2008, JJ Hornblass said…
Thanks for joining the site, Michelle. I look forward to your active participation!
 
 


 

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