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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31 May 2013

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Federal Regulators Widening Probe on Bank Debt Collection Practices

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Bill Introduced to Amend FDCPA for Medical Debt Reporting

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Designing Collection Communications for Consumer Response

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Former NCO Head Gets Back into Debt Collection

28 May 2013

Debt Buyer/Collection Bill Passes California Senate

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23 May 2013

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20 May 2013