Here is an interview with an icon in the industry. He assisted in inventing things like credit scoring, Co Lo’s, focusing on the second placement and was the first to automate many processes when computers arrived in the industry. Ruvin Schwartz was gracious to let me enter his home in FL and learn how he helped to shape the industry in the 60’s and 70’s and how he is still in business in the 2000’s.
He began, “I returned from the service in 1954, got married one week after I came back so had to get a job somewhere. My first collection job was at Bond Clothing Stores (in NY). I started out as a clerk typist, then became assistant credit manager and was eventually the top credit and collection manager in all of their stores.
After 6 years Ruvin asked for an increase in salary and stated, “They offered me 10% of what I was earning ($150 weekly) and I […]