Accounts Receivable Management Featured Article

Collection Agencies Pay Veteran's Tuition

May 24, 2012

Collection agencies are mostly associated with scandals these days, so it might surprise some to know there are good deeds that come from this vilified industry. ARMing Heroes, a not-for-profit that specializes in assisting U.S. war veterans, raised over $27,000 in a ten-week period from the credit and collection industry.

Because of the generosity of collection agencies, ARMing Heroes was able to make a substantial difference in the life of an injured vet, not only by helping him financially, but offering him financial advice on how to deal with creditors.

The name of the soldier is Maurice Shuff, who joined the Pennsylvania National Guard Reserve in 2004. Five years later, he was deployed to Iraq where he was discharged after suffering an injury. Although found work with an electronics’ retailer, Shuff was barely able to make ends meet.

Despite what many people are led to believe about the educational support veterans receive from the government, Shuff, like so many of us, suffered from an overwhelming amount of debt accrued from student loans related costs for his college degree. He turned to not-for-profit organizations for help, and ARMing Heroes answered his call.

The most significant contribution, according to reports, came from Southwest Credit in 2011. Southwest Credit has an Employee Contribution Program (ECP) that encourages employees to challenge the company into donating to charities. The employees, in recognizing the financial need of veterans, gave to ARMing Heroes.

ARMing Heroes recognized that if half of their corporate donors enlisted programs like the ECP, the foundation could raise over $400,000 in one year.

Along with the financial endowment to pay off his student loans, Shuff was also given some expert advice on how to use the remaining money to deal with his creditors. In the letter Shuff sent to ARMing Heroes, he tells tales of his wage garnishment from student loan creditors, as well as other financial obstacles the foundation has helped him overcome.

“That’s why I must say I appreciate the work that ARMing Heroes has done and is doing,” he said, “so hopefully this time next year we can read another military vet’s story of appreciation.”




Edited by Braden Becker

Article comments powered by Disqus

Related Accounts Receivable Management Articles

MRI Software Partners with Hunter Warfield

MRI Software, a company that offers property management software solutions, recently announced that Hunter Warfield, a revenue recovery agency for the multifamily industry, has joined MRI Partner Connect program. Hunter Warfield is the first MRI Partner in the debt collections industry. Being the newest member of MRI Partner Connect program, Hunter Warfield will be able to offer MRI's products and solutions to its clients. [ Read More ]
10/21/2014

CSG's Video Billing Initiative keeps Pace with Time Warner's Seasoned Customers

Whether it's an offshoot of wanting to genuinely enhance customer service or whether it's another gimmick to stay alive in a world of cut-throat competition, we'll never know, but no matter what it is, cable companies are coming out with new ways to increase customer loyalty and reduce service cost. Time Warner is going next-generation with its customer care and is now wooing customers with CSG's video billing initiative- SmartVideo. [ Read More ]
10/14/2014

Esker Energizes Direct Energie with Digitized Handling of Vendor Invoices

Document management solutions provider Esker helps DIrect Energie automate accounts payable. [ Read More ]
10/13/2014

Alta Vista Technology Enhances Its Portfolio with Intacct Cloud Financial Applications

Alta Vista Technology adds Intacct cloud-based financial system to its capabilities. [ Read More ]
10/13/2014
FREE Accounts Receivable Management enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!


Weekly Live Demo
CaaS Small Center

Register Today!