Debt collection refers to the work done to recover balances from credit accounts that are past due. Most commonly, debt collection specifically references third party debt collectors whose clients include banks, credit card issuers and other credit grantors, debt buyers, governments, and any organization that extends credit or owns an account where a balance is due. Collection methods traditionally include phone calls from call center agents, e-mails, and letters, and increasingly, SMS text. If an account remains in arrears after these efforts, the collection agency may contract with a collection attorney to file suit to recover the debt, if the collection agency is not positioned to do so.
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CFPB Issues its Seventh Semi-Annual Report to Congress
18 June 2015
KM² Solutions Continues Expansion Plans in the Caribbean and Central America
18 June 2015
Photographer Seeks to Humanize, Personalize the Face of Student Loan Debt
17 June 2015
Veteran-Owned Firms Sought to Collect Federal Student Loans
17 June 2015
New York AG's Office Compels Collectors to Help Root Out Bad Players in the Industry
16 June 2015
12 New FAQs from the NYDFS Offer Some Clarification for Debt Collectors and Debt Buyers
16 June 2015
Now in the CFPB's Sights: Collectors Hired by State & Local Government Agencies
15 June 2015
Marketing Your ENTIRE Company
15 June 2015
Rocky Mountain Recovery Group Announces Expanded Nationwide Debt Collection Services
15 June 2015
Risks, Rather than Rewards, Still the Rule for Text Communications with Consumers
15 June 2015
Stellar Recovery - Top Fifty Fastest Growing Private Companies in Northeast, FL
12 June 2015
EBay and PayPal Push the Boundaries of Prior Express Consent
12 June 2015
Is It Illegal to Charge Credit Card Convenience Fees?
11 June 2015
Medical Debt Collector and its Owner Sued by Pennsylvania Attorney General
10 June 2015
The (Surprising) Positives of Sarbanes-Oxley
9 June 2015
Oral Arguments in CFPB v. Hanna Suggest Long Road Ahead
9 June 2015
No FDCPA Violations in Simon After Remand
8 June 2015
Graduation: ARM-U 2015 Highlights Need for Regulatory Clarity
5 June 2015
10 Questions to Ask Your Vendor Prior to Selecting a Collection Software Solution: Part 2
3 June 2015
Debt Collection Bill Passes Both Houses in Illinois
3 June 2015