Alco Collections

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We offer the below services for ALL accounts placed for collections

The world of non performing account receivable collections requires expertise in many different areas. But none of those areas has a greater effecct on your bottom line than the collection of your accounts.

Established in 1986, Alco Collections, Inc.'s staff has many years of experience in the collection business. We can effectively process accounts from small to large volume providers at a competitive rate.

More people applied for jobless benefits last week (AP)
AP - More Americans applied for unemployment benefits last week, but the broader trend in layoffs points to a slowly healing job market.

US jobless claims jump (AFP)
AFP - Initial claims for US unemployment benefits jumped far more than expected last week, official data showed Thursday, breaking a downward trend seen in recent weeks.

Trichet comments at ECB news conference (Reuters)
Reuters - Following are comments by European Central Bank President Jean-Claude Trichet at a news conference held after the bank's Governing Council kept interest rates at a record low of 1 percent on Thursday.

IMF says successor should be from outside US, Europe (AFP)
AFP - The tradition that an American heads the World Bank and a European leads the International Monetary Fund should end as the global economy has been transformed, the head of IMF said Thursday.

Grocer Kroger rings up 3Q profit (AP)
AP - Kroger Co. rang up better sales and returned to third-quarter profitability, as a focus on building customer loyalty in a rough economy paid off for the nation's largest traditional grocery chain.

Jobless claims rise, underlying trend upbeat (Reuters)
Reuters - New U.S. claims for unemployment benefits rose more than expected last week, but a drop in the four-week moving average to a fresh two-year low continued to point to an improvement in the labor market.

ECB keeps interest rates at record low (Reuters)
Reuters - The European Central Bank kept interest rates on hold Thursday at a policy meeting expected to see it keep unlimited liquidity operations in place for longer as the euro zone debt crisis rages unabated.

Holiday kickoff helped retailers' November sales (Reuters)
Reuters - Several U.S. retailers reported higher-than-expected sales for November, confirming a strong start to a holiday shopping season that could determine whether the U.S. economic recovery has legs.

Fed lifts lid on crisis lending to non-US banks (AFP)
AFP - The US Federal Reserve lifted the lid on the vast scale of help given to foreign banks during the financial crisis, publishing details about trillions of dollars' worth of loans.

Geithner and lawmakers seek deal on Bush-era tax cuts (Reuters)
Reuters - President Barack Obama's top economic advisers sought to break a deadlock over taxes with congressional leaders on Wednesday, haggling over how to extend Bush-era rates while the country struggles with sky-high debt.

Fed's Tarullo sees big costs for banks to fix foreclosures (Reuters)
Reuters - Banks will have to make "significant investments" to clean up foreclosure practices and some lenders potentially face strong pressure from investors to buy back faulty mortgages, a top Federal Reserve official said on Wednesday.

New Republican governors meet with Boehner (Reuters)
Reuters - Newly elected Republican governors pleaded with the party's congressional leaders on Wednesday for greater financial flexibility and less federal regulation for states facing big budget shortfalls and stumbling economies.

Holidays about survival as jobless benefits end (AP)
AP - Shawn Slonsky's children know by now not to give him Christmas lists filled with the latest gizmos. The 44-year-old union electrician is one of nearly 2 million Americans whose extended unemployment benefits will run out this month, making the holiday season less about celebration than survival.

Fed ID's companies that used crisis aid programs (AP)
AP - The Federal Reserve revealed details Wednesday of trillions in emergency aid it gave to U.S. and foreign banks and to nonbank companies ranging from General Electric to Harley-Davidson during the financial crisis.

Federal Reserve's 'astounding' report: We loaned banks trillions (The Christian Science Monitor)
The Christian Science Monitor - The Federal Reserve has lifted its veil of secrecy regarding special lending programs during the financial crisis, responding to a mandate from Congress by revealing the specifics of transactions with firms like Goldman Sachs and Citigroup.

Highlights from the Fed's latest economic survey (AP)
AP - Highlights from the Federal Reserve's survey of economic conditions nationwide. The survey, released Wednesday and known as the Beige Book, is based on information collected from the Fed's 12 regional bank districts.

Private employers add jobs, manufacturing grows (Reuters)
Reuters - U.S. private sector payrolls rose by the most in three years in November, lifting optimism about the job market ahead of Friday's government employment report, while manufacturing data showed growth was intact.

Data shows Goldman Sachs lapped up emergency loans (Reuters)
Reuters - Goldman Sachs Group Inc , viewed as one of the stronger banks during the financial crisis, was actually one of the heavier users of emergency lending from the Federal Reserve bank, data released on Wednesday showed.

Alco Collections is committed to serve the cash management needs of businesses. Quality and Value are instilled in each transaction and within each established relationship.

We will continue to nurture and develop customer relationships in order to position itself as a leader in the credit and collection profession.

While collecting past due accounts is our business, helping people solve their financial problems is our commitment. People on our staff are experienced in credit and collections and are able to assist customers with credit issues.

Choosing a professional collection service to manage your delinquent accounts and other related tasks can be a wise decision, but where do you start? You want an agency that will represent your organization in a responsible and professional manner, and one that provides a satisfactory rate of recovery while maintaining your public image. This decision involves more than just giving your business to the lowest bidder - it requires careful consideration.

The current competition among collection services is good for you as the client. This competition contributes to a more professional and efficient industry. By carefully evaluating your company's needs, as well as the capabilities of the collection services available, you can maximize your accounts receivable income and ensure that your customers are handled properly.

Careful selection of a third party collection agency strengthens your bottom line and helps you to retain customers, leading to a more profitable business.