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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Executive Change: Lowell Group Appoints Director of External Collections
25 March 2013
Ohio Debt Collection Laws: So Much to Discover
25 March 2013
Debt Collectors Gone Wild? What The Media Doesn't Know
22 March 2013
We Need a Bolder Solution to Consumer Education
22 March 2013
CFPB Releases Annual FDCPA Report to Congress After Active 2012
21 March 2013
Executive Change: Michael Gwinnell to The Affiliated Group as Director of IT
21 March 2013
Ontario Systems Presents Free Webinar: Perfect Medical Bills Are Not Paid Perfectly
21 March 2013
FTC Director Discusses Federal Regulatory Limitations of FDCPA
20 March 2013
Executive Change: Medical ARM Firm HBCS Appoints Eric Reyes as VP of Insurance Operations
20 March 2013
Investing in Customer Service and Collection Compliance Boost ROI on Client Liquidation Rates
20 March 2013
Dept. of Education Slashes Commissions for Private Debt Collection Contractors
19 March 2013
UK Tax Agency Increases Use of Private Debt Collectors
19 March 2013
How About a Partnership with Fellow CFPB Supervisees from Other Industries?
19 March 2013
FBCS Partners with Agility Recovery Services on Disaster Recovery Plan
19 March 2013
CFPB Leader Calls Debt Collector Examinations Preventive Rather than Reactive
18 March 2013
New York State Debt Collection Laws: I Love New York
18 March 2013
Executive Change: Stephan Ohlmeyer to Intrum Justitia as Director of Purchased Debt
18 March 2013
Are Recent UK ARM Acquisitions Isolated Events or Trend Setters?
15 March 2013
I.C. System Recognized for Charitable Efforts Aiding Military Veterans
15 March 2013
Debt Collector Loses FDCPA Appeal on Letter Language
14 March 2013
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