Accounts Receivable Management Featured Article

Not-for-profit Associations Render Yeoman Service to Active and Veteran Military Personnel

November 20, 2012

We can perhaps never fully understand the extent of the personal sacrifices that military personnel make for their nation and can never thank them enough for what they and their families have done.

Thankfully, organizations like the SCRA grant special privileges regarding debt and debt collection and help suspend or postpone certain civil obligations so that soldiers need not worry about financial concerns at home and can focus on the immediate task at hand during active duty.

The SCRA can only be exercised while engaged in active duty, including full-time training; annual training duty; and attendance at a service school while in active military service.

But what about those veterans who return home, mentally and physically scarred for the rest of their lives, having to make new lives for themselves? After the initial euphoria, the transition to civil life in terms of emotional and financial terms is never easy.

For them, not-for-profit associations like ACA International and ARMing Heroes, help ensure that veterans get the help they have earned through programs oriented to the unique ways in which the accounts receivable management industry can help.

ACA International, which represents the accounts receivable management (ARM (News - Alert)) industry, offers valuable resources to help veteran United States military personnel faced with financial concerns. It brings together 5,000 members worldwide, including third-party collection agencies, asset buyers, attorneys, creditors and vendor affiliates.

"All consumers, regardless of military status, deserve to be treated respectfully and within the guidelines of the Fair Debt Collection Practices Act (FDCPA) if contacted about financial obligations," noted Pat Morris, a former officer in the U.S. Marine Corps and CEO at ACA International.

ARMing Heroes serves the needs of U.S. military veterans, including their spouse and children and rely on tax deductible donations to connect veterans to employment, training, mentoring, credit and financial counseling made available through the ARM industry.

 "We gave nearly $27,000 in grants last year to veterans with financial troubles and we hope to do the same this year,” said Nick Bernardo, board president at ARMing Heroes.

The sacrifices that these war veterans have made, while fighting on the battlefield, and continue to make while fighting to deal with difficulties of readjustment on the home front can never be fully appreciated, and organizations that help them readopt can rest assured that they are working for a very good cause.

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO Miami 2013, Jan 29- Feb. 1 in Miami, Florida.  Stay in touch with everything happening at ITEXPO (News - Alert). Follow us on Twitter.




Edited by Brooke Neuman

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