Commercial Collections Blog

Commercial Collection: Stress

Stress is the responses our bodies and minds have to the demands placed on them. It is a normal part of life and a normal part of our work environment. But how much does stress affect the employee and business?

The World Health Organization once labeled stress a “workplace epidemic”. Today, stress in the workplace costs American companies more than $400 billion annually from health costs and absenteeism to poor performance. While a normal level of stress can be beneficial in some cases, stress-overload can lead to a variety of problems, including insomnia, migraines, declining relationships and poor concentration, not to mention the numerous physical ailments it eventually causes.

Fortunately, today nearly 50% of America’s large companies provide their employees with stress management training, but there is still a long way to go. Companies that do not have such programs for their employees should understand that lasting stress reduction is often brought about by institutional changes, and that often begins with managers improving communication with employees, allowing workers to take part in decisions that affect their jobs while also offering incentives and cultivating an honest, friendly and professional social climate in which to work.

Debt Collection News

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    December 15, 2017
    A taxi driver was kidnapped at gunpoint in Banciao District by thugs who tortured him with electric shocks, and punched him up before making off with NT$6,000. The incident happened December 11, but was only reported in Taiwan's Chinese language news media today. At around noon Monday, a 44 ...
  • Thugs Arrested After Kidnapping Taxi Driver in Broad Daylight

    December 15, 2017
    The incident happened December 11, but was only reported in Taiwan's Chinese language news media today. ... Bamboo Union gang member and extortionate debt collector, Mr Huang, after being charged with a range of offences , including deprivation of liberty, injury, and weapons violations, ...
  • Global Debt Collection Software Market Share to 2022 : Quantrax Corp, Comtronic Systems ...

    December 15, 2017
    The report offers a detailed overview of the global Debt Collection Software market covering key factors such as drivers and restraints impacting the growth. The global market for Debt Collection Software is segmented on the basis of manufacturers, product type, Debt Collection Software applications, ...
  • Collectius Acquires a 350 Million USD Non-Performing Loan (NPLs) Portfolio From a Leading ...

    December 15, 2017
    Collectius' goal is to help debtors become debt free and to integrate them back into society more financially knowledgeable than before. Collectius is promoting debt collections that have the highest level of compliance, automation, predictive analytics, big data analytics and customer centric offer ...
  • Collectius Acquires a 350 Million USD Non-Performing Loan (NPLs) Portfolio From a Leading ...

    December 15, 2017
    ... (SEA) debt buying markets by acquiring a non-performing loan (NPL) portfolio from a major bank in the Philippines. The deal consists of 340,000 credit cards and personal loans with a total principal value of 350 million USD. Earlier this year Collectius acquired CJM Solutions, a debt collection agency ...
  • California sues Dept. of Education over student debt relief claims

    December 15, 2017
    The lawsuit also accused the Department of Education of using "draconian debt-collection tactics" against students who are awaiting an answer on their debt-relief claims. "The department has seized these students' tax refunds and garnished their wages in violation of the APA," the lawsuit says.
  • NAFCU Urges CFPB to Reevaluate Debt Collection Rulemakings

    December 15, 2017
    Washington (Dec. 14, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) Regulatory Affairs Counsel Ann Kossachev today in a letter to the Consumer Financial Protection Bureau (CFPB) responded to the bureau's request for feedback on its plan to conduct a web survey on debt ...