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.

See all Topics

Executive Change: Johan Brodin Named Chief Risk Officer at Intrum Justitia

23 August 2011

FDCPA Round Robin: Voices in the Collections Industry Weigh in on Proposed FDCPA Changes

23 August 2011

Gila Group Launches SmartDialz for Credit Unions

22 August 2011

Collections Process Begins Against Saab

22 August 2011

Apollo Introduces First Ever Total Self-Service System for Account Management for Banks

19 August 2011

CU Recovery Launches Collection Academy

19 August 2011

Collection Litigation: Bruising Bricks or Building Blocks of Success?

19 August 2011

The ARM Industry is in for a Long Recovery - Part I

18 August 2011

Executive Change: Dusty Whitesell joins Sentry Credit as EVP of Operations

18 August 2011

NCO Group Office Continues Charitable Efforts

18 August 2011

Post-Crash Charge-Offs are Nearly Gone from ARM System

17 August 2011

Invest in SST

17 August 2011

USPS Seeks Another Postage Rate Increase for January 2012

16 August 2011

Free Report Offers Solutions to Healthcare Bad Debt

16 August 2011

Phillips & Cohen Associates Ranked Sixth Among Top Places to Work in Delaware

16 August 2011

Collection Agency Adds 3500 sq. ft to House Bank Card Collections

16 August 2011

Scam Collection Agency on the Hook for $10 Million -- If Anyone Can Find Them

16 August 2011

Sentry Credit Achieves Tech Lock Certified Program

16 August 2011

NCO Group Reports $31.7 million Loss in Second Quarter

15 August 2011

IAT SmartDial Gathers Industry Experts for Customer Executive Retreat

15 August 2011