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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Kaulkin Ginsberg Announces IAB Solutions, LLC's Acquisition by Skillman Management & Capital, LLC

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Gatestone to Expand Phoenix Operations

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HIPAA Omnibus Package Will Cost Healthcare Debt Collection Agencies Millions

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FDCPA Lawsuits Filed by Consumers Decline 7 Percent in 2012

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JJL Process Expands Service to Maryland and Washington State, Opening 3 Offices

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Executive Change: Andy Wood to iQor Canada as VP of Sales

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Free Whitepaper: How Your Back Office Should Be Driving Your Front Office's Compliance Actions

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