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NL Member News
Worldwide Legal Referrals to the Credit Industry Since 1900
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| Volume 56, September 2008 |
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In This Issue:
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Tip of the month: Keep NL updated! Has your firm or companys information changed? Do you have a new contact person, address, email, phone or fax number? Make sure to update your information with The National List of Attorneys! Simply email results@nationallist.com with your new information!
Don't Forget: To ensure you continue receiving the NL Member News newsletter, please add mailsystem@vtrenz.com to your address book or approved sender list. Read our basic instructions to learn how.
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Should your organization hire a person or a smart machine?
70% of the respondents to the 2008 McKinsey Quarterly report on the economy and hiring believe the U.S. economy is worsening and will enter a recession. The hiring forecast in North America based on the polled responses shows a decrease in over-all hiring compared against 2007 numbers with 67% of the companies expecting no change or a decrease in staffing.
What are companies doing to combat the economic downturn?
Raising prices to recover increasing costs is not competitively advantageous. Since the largest expense in a service-based economy is labor, strategically thinking management constantly evaluates labor expenditures looking for ways to scrape the greatest benefit from each dollar. One cost/benefit trade being done across the board in small, medium, and large businesses includes the one-time cost of purchasing automation applications for some jobs versus the forever commitment of hiring. They ask themselves:
• Do we have tasks currently being done by individuals that could be automated?
• When should we choose automation over hiring?
• What might be the unintended consequences of automation?
• How can we determine the ROI (Return on Investment) for an automated service or a production monitoring system?
• What is our competition doing?
Dynamic tasks that require judgment, agility, integration of complex concepts, or balancing competing priorities are poor candidates for automation. On the other hand, tasks that are repetitive, with a limited set of choices or decision branching, are excellent candidates for automation. The technical difficulty of the task is usually not the deciding factor in selecting automation versus hiring. With increasingly sophisticated and intelligent software, many highly complex, but repetitive and quantifiable tasks, can be automated.
Read the complete article "Should your organization hire a person or a smart machine?"
Location, Location, Location:
Finding People Who Don't Want To Be Found
In today's information age, it has become easier to find people who don't want to be found. We use many different resources to locate debtors; some of these resources are free, and others require paid subscriptions.
Paid subscriptions include services like the three major national credit reporting agencies: TransUnion®, Experian(SM), and Equifax®. Other well-known and efficient services are Dun & Bradstreet, LexisNexis®, and Accurint®.
Searching for information about a business or its owners? A good place to start is www.corporateinformation.com or www.ceoexpress.com. You can also find links to individual state databases at www.searchsystems.net or by accessing the National Association of Secretaries of State. Some web-based sources allow you to search for phone numbers (www.whitepages.com), addresses, reverse phone number look-ups (www.phoneaddress.com) and email addresses (www.infospace.com). There are even services that allow us to locate information about unlisted phone numbers and cell phone numbers (www.reversephonedetective.com).
Finally, a great tool for anyone needing help searching for law, websites, or locating
individuals and assets, can be found at www.virtualchase.com.
Determing which sites are best for mining information can be a never-ending search!
About Slovin & Associates, Co., LPA
Slovin & Associates have nearly 40 years of experience representing creditors in all aspects of commercial and consumer litigation, collections, bankruptcy, and compliance with federal and state laws regulating lenders and collectors. While the concentration of their work involves representing lenders and other creditors in attempting to recover debts, they would like to discuss any creditors' rights or problem loans, and how their law firm can assist you. Visit their website at www.sclpa.com for more information about their firm. For immediate assistance, contact Slovin & Associates today at (513) 683-9000 or at our address of 9435 Waterstone Blvd., Suite 270, Cincinnati, OH 45249.
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National Business Institute (NBI)  - Continuing Education
Our partner in continuing education National Business Institute, the nation's largest public provider of continuing education, offers tuition savings on ALL NBI continuing education courses for NL Members & Registered NL Users!
Click here to view some hot topics offered in the coming months (check out the Teleconferences too!)
Press Releases
Mountain Partners, LLC adds Broadcast Messaging to arsenal of dialing technology with big results
Salt Lake City, UT, September 10, 2008—Mountain Partners, LLC, an Illinois-based company experienced in short-term loan collections, is now becoming expert in IAT’s CT Center Broadcast Messaging (IC). They recently added this functionality to their already-installed, site-premised CT Center Predictive Dialer (PD). They now enjoy the benefits of a blended environment, using both PD and IC together for increased productivity.
Read the complete IAT press release.
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Crown Asset Management Honored as One of America’s Fastest-Growing Private Companies
Crown Asset Management, LLC, an Atlanta, GA based purchaser of distressed consumer receivables ranked 381 among the 500 fastest growing companies in America, with four-year annual revenue growth of 791%.
Read the complete Crown Asset Management, LLC press release.
Back to top
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Upcoming Events
NARCA
2008 Fall Collection Conference
October 16-18, 2008
Washington, DC
Visit www.narca.org
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NASP (National Association of Subrogation Professionals)
10th Anniversary NASP Conference
November 2-5, 2008
Hollywood, FL
Visit www.subrogation.org
Commercial Law League of America (CLLA)
88th New York Meeting
November 13-16, 2008
New York, NY
Visit www.clla.org
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The National List of Attorneys
PO Box 2486, Bismarck ND 58502-2486 | 800.227.1675 |
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| The views and opinions expressed in this eNewsletter are those of the authors, and may not necessarily reflect those of The National List, Inc. This eNewsletter may include practice tips, best practices, and similar information. The National List, Inc. provides access for the dissemination of such information as a service to you without endorsement and recommendation. |
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Updated...
The International Statute of Limitations document on our website was recently updated.
State Buyer Exchange Program
108 NLA Members are currently registered buyers with NLEX!
Registration is free, click here to learn more!
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The YouveGotClaims® service is used by many of the leading debt buyers, collection agencies, and law firms in the country. The service electronically delivers new collection claims to an unlimited number of law firms and other service providers, and then allows the senders of the claims to track, manage and analyze both the collection portfolios and the vendors servicing those portfolios.
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Submit and Bond
a claim on www.nationallist.com
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When you need assistance with general, medical, commercial, or purchased debt collection, subrogation, insurance, and bankruptcy, carefully screened Attorney Members are standing by to work with you.
It couldn't be easier!
Find your attorney, submit and bond
your claim in just
two simple steps.
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